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Drax to buy Opus Energy in £340 million deal

British company Drax Group Plc said it has proposed to acquire privately held Opus Energy Group Ltd for 340 million pounds ($433.43 million) in a deal that would help it expand by supplying power to small-and-medium enterprises. Drax's planned investments were welcomed by the City, with shares closing up 12% at 311p - the biggest riser of the day on the FTSE 250. This triggered a strategic review past year and Tuesday's announcements show the power producer will shift focus to supplying ...

Business

United Kingdom financial services tax contribution rises to £71.4bn

Almost a quarter of turnover from the financial services industry in the last financial year "went straight into public coffers", the report said. The tax take, which accounted for 11.5 percent of total United Kingdom government tax receipts, was driven in part by an increase in the amount of bank levy paid by banks and a rise in corporation tax payments, the survey found.

Business

Featured Stock: Marathon Oil Corporation (NYSE:MRO)

The company reached its 52-Week high of $71.1 on Dec 1, 2016 and 52-Week low of $28.16 on Jan 20, 2016. Indicating how profitable Marathon Oil Corporation (NYSE: MRO ) is relative to its assets, the ROA value is displayed at -4.80%. Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The company also owns and operates gas gathering systems in its USA core producing areas.

Business

Alipay steps up mobile payments expansion in Australian stores

On Tuesday, Alipay has announced that they have partnered with four more financial service providers in Europe as the number of Chinese consumers travelling overseas continues to increase. As of June2016, in addition to the Chinese mainland, Alipay was supported in 70 countries and regions, with in-store payments covering more than 80,000 retail stores, and tax reimbursement via Alipay is supported in 24 countries.

Business

Neil Young Asks 'Will Obama Stand Up' to Dakota Access Pipeline

Archambault says the protest camp's goal has been served and there's no need for people to stay in unsafe winter weather. Donald Trump warns another USA company. American Petroleum Institute President and CEO Jack Gerard said in a statement late Sunday that the Obama administration "is putting politics over sound public policy".

Business

Euro zone will survive politics but banking a concern -ex-ECB hea

Monte dei Paschi di Siena fell as much as 7 percent while Unicredit fell 4.8 percent. Italian bond yields were back below levels seen before Sunday's referendum defeat for the government, [GVD/EUR] while the euro held at $1.0767 having bounced strongly from as low as $1.0505 on Monday.

Business

Norwegian outlines next steps for Irish transatlantic routes

The services will be operated by crew from two new bases in the USA, as well as its own crew from European bases. Federal approval of the Irish affiliate's foreign carrier permit will also enable launch of service between the US and Cork, Ireland, Kjos said.

Business

MCC set to introduce red card into the laws of cricket

The reason for this radical suggestion was that cricket is one sport in which there is no in-match punishment for poor behaviour of the player by the umpires, the committee felt. At present catches and stumpings may be taken off a wicket keeper's pads, the use of which is optional, and so it seems unfair that they should not be permitted after hitting a helmet, the wearing of which has become compulsory in the game in some countries, the committee said.

Business

Google to source 100% of its power from renewables in 2017

Although the company's reliance on national power grids means it can not be powered entirely by renewable producers, it offsets its use of carbon-based energy by purchasing renewable energy from different sources. "Our ultimate goal is to create a world where everyone - not just Google - had access to clean energy". Google has planned to switch over to the renewable source of energy for all its online and offline requirements.

Business

Jill Stein Files Federal Lawsuit In Pennsylvania For A Statewide Recount

Stein has argued, without evidence, that irregularities in the votes in all three states suggest that there could have been tampering with the vote, perhaps through a well-coordinated, highly complex cyberattack. The withdrawal of the Commonwealth Court case will not have an immediate effect on county-level efforts to check vote totals in individual precincts.

Business

A mixed open for United States stocks on Wall Street as energy slumps

The Russell jumped 14 points, or 1.1 percent, to 1,352. Thank you for reading and relying on TulsaWorld.com for your news and information. Energy companies slumped as the price of crude oil turned lower after a four-day rally. Meanwhile, co-CEO Steve Ells admitted at a Barclays conference he has concerns about Chipotle's ability to recovery from the food safety disaster a year ago and hit ambitious 2017 sales goals in what has become a protracted sales decline.

Business

North Carolina CIO's future uncertain following governor's concession

Roy Cooper netted 6 votes and Pat McCrory's count stayed the same, officials told ABC11. The State Board of Elections unofficially has Cooper up by 10,000 votes over McCrory. Pat McCrory (R) has finally conceded to Democratic challenger Roy Cooper. Stark said he still wasn't confident that the statewide count was accurate.

Business

EU Brexit negotiator says talks will be less than 2 years

If the terms were set in October 2018, there would be five months for the European Parliament, European Council and UK Parliament to approve the deal before a March 2019 Brexit . When Barnier was Internal Market Commissioner, responsible for European Union financial services legislation, he had an occasionally testy relationship with the City of London.

Business

Khehar to be new CJI

He will be sworn in by President Pranab Mukherjee on 4 January 2017. Justice Khehar was appointed as additional advocate general, Punjab, in January 1992. He was elevated to the bench of Punjab and Haryana High Court on February 8, 1999. Citing that the NJAC Act violates the basic structure of the constitution, the bench had declared the 99th Amendment and NJAC Act unconstitutional.

Business

UK PM May faces rebellion over refusal to publish Brexit plans

Labour says the Government's climbdown is a "significant 11th-hour concession" and will back the Prime Minister's amendment. The Government hopes it has seen off a Tory revolt and potential defeat by accepting a Labour motion calling on ministers to disclose their Brexit plan before starting the European Union divorce process.

Business

The politics of the Dakota Access Pipeline

U.S. Army Corps of Engineers says it won't grant an easement for the Dakota Access oil pipeline in southern North Dakota. First, the new environmental review will nearly certainly continue into the Trump Administration, posing the question of what President Trump might do.

Business

Michaels Sinks on Q3 Results

The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Michaels Cos ., Inc.is an arts and crafts specialty retailer, which engages in the provision of materials, project ideas, and education for creative activities.

Business

Obama tells Renzi that US, Italy will remain close allies

Italy's president has asked Prime Minister Matteo Renzi to delay stepping down until Parliament approves its 2017 budget, which could be done by the end of the week. The Five Stars said the Italians had " expressed a clear political signal" that they want elections as soon as possible, and founder Beppe Grillo said the party would begin forming a policy platform and a cabinet team next week.

Business

Italian PM Matteo Renzi delays resignation after President's plea

Renzi, who in 2014 became Italy's youngest-ever premier, was left with no option but to quit after his proposals to streamline parliament were rejected by voters by a decisive 59-41 percent margin. "But it means lost time for a country that faces huge problems with its banks, its enormous public debt levels and high unemployment". The Italian referendum, coming on the heels of Donald Trump's election in the United States and UK's Brexit vote, is part of the continuum of the rise of ...

Business

Stagecoach: cheap fuel means more people are choosing to travel by vehicle

Shares rose 2% after Stagecoach reported a 1.6% increase in revenue to £2bn in the 26 weeks to 29 October, while pre-tax profit dipped to £89.5m from £90.8m in the same period a year ago. The UK rail division delivered improved revenues of £1.09bn and, while operating profits were down 53.2% at £20.5m, the performance was above that forecast.

Business

The Elder Scrolls Online Homestead DLC Coming in February

Homestead is expected to release in February 2017 as a free update for all players of The Elder Scrolls Online on PC, Mac, Xbox One and PlayStation 4. Premium, Crowns-only homes will be added in future updates. Decorating items can be crafted by players using their existing trade skills, purchased using Gold from vendors spread throughout Tamriel, or bought on the Crown Store with Crowns.

Business

Pascal Wehrlein 'ready' for Nico Rosberg seat

Hamilton , all smiles as he patted Rosberg on the back, with their fierce rivalry now one for the history books, jokingly replied that his soon to be former team-mate was "the worst German teacher you could have". But Mercedes-AMG F1 team boss Toto Wolff was still fuming over Hamilton's driving, saying after the race that "anarchy does not work in any team and in any company" and that "undermining a structure in public means you are putting yourself before the team".

Business

Softbank to invest $50B in US, create 50000 jobs

Softbank and Saudi Arabia's Public Investment Fund unveiled the new venture in October with the Japanese company saying it would invest US$25 billion, while Saudi Arabia committed US$45 billion. Shares in Softbank rose on the news, climbing 2.5 percent to ¥6,975 (US$61.26) in Tokyo, their highest since August 31. Bringing more jobs to the United States was a key part of Donald Trump's election campaign, and Softbank is the second investment commitment he has obtained since his ...

Business

United Kingdom house price growth slows as affordability concerns start to mount

In October, the quarterly rate of house price growth had been lower, at 0.1 per cent. Prices had increased by 1.5 per cent in October , which helped drive the annual rate of growth to six per cent, up from 5.2 per cent in the year recorded last month, according to the Halifax house price index.

Business

Pakistan passenger plane goes missing with about 40 passengers

The national carrier's flight departed from Chitral at 3:30 PM (local time) and disappeared from the air control radar soon after take off, the Express Tribune reported. Jamshed, a singer in one of Pakistan's first major rock bands in the 1990s, abandoned his singing career to join the Tableeghi Jamaat group, which travels across Pakistan and overseas preaching about Islam.

Business

America supports Trump's Carrier deal

Not with Carrier . I made it for everybody else. I must ask: Is it really worth spending millions of dollars to attract what these know-it-alls consider 50 or 100 "good-paying" jobs while they ignore thousands that will never return? Mr Hayes said he was partly influenced by the belief that the Trump administration would bring in lower taxes and a better regulatory environment.

Business

Magellan Midstream Partners LP (NYSE:MMP) Projected to Achieve EPS Of $0.94

After $0.37 actual earnings per share reported by Antero Midstream Partners LP for the previous quarter, Wall Street now forecasts -2.70% negative EPS growth. Magellan Midstream Partners L.P. had a net margin of 38.97% and a return on equity of 38.58%. (NYSE:MMP) last released its quarterly earnings data on Wednesday, November 2nd.

Business

Expedia remains best company to work for, survey shows

Among the leaders were Facebook and Google who ranked second and fourth on the list respectively. In the history of Glassdoor's ranking, Bain is the first company to win the title in three different years (2012, 2014 and now 2017). Glassdoor then uses a "proprietary algorithm" to determine an overall ranking "based on the quantity, quality, and consistency of reviews". While Airbnb remains a very highly rated employer, over the past year some Glassdoor users reported fewer opportunities ...

Business

New Zealand's Prime Minister Announces His Resignation

Political opponents offered mixed views, with the leaders of the Labour Party and Green Party praising Key for his service to the country. John Key, the prime minister of New Zealand and leader of the National party, has resigned in a decision that has taken the country by surprise.

Business

Apple blames external damage for flaming China iPhones

It quoted one woman as saying her iPhone 6s Plus exploded in August, shattering the screen and leaving the battery and back of the phone blackened. The Council said that it had received a "sixfold surge" in total complaints against Apple over the past two months.

Business

Crude oil extends gains, but forecast unchanged

The reduction will take effect in 2017. Following news of the deal, the price for Brent crude futures, the worldwide benchmark for oil prices, surged to settle up almost 9 percent. Oil prices are still only at September-October levels - when plans for a cut were first announced - and crude prices are less than half mid-2014 levels, when the oil price began to collapse to its lowest in a generation.

Business

Low fuel controversy: Six pilots taken off duty

Six pilots of three airlines have been grounded for reporting low fuel after being asked to hover at the airport in Kolkata last week. SpiceJet confirmed the action while IndiGo had issued a statement last week, which they referenced, saying "pilots operating this flight have been made available for any inquiry by the regulator".

Business

Local e-retailers go big with Cyber Monday deals

Cyber Monday , in which retailers offer promotions exclusively online, is being fed by consumers' insatiable appetite for cool electronics and by traditional retailers like Walmart and Target intent on seeing more of their more sales coming from the Internet.

Business

How the Dow Jones industrial average finished Tuesday

The Dow Jones rose 0.2% to 19,251.78, while the wider S&P 500 gained 0.3% to 2,204.71, just missing a new record. The Russell 2000 climbed 15 points, or 1.2 percent, to 1,349, putting that index on track for another record high close. The No. 1 U.S. wireless carrier is selling 29 data centers to Equinix for $3.6 billion. Advancing issues outnumbered declining ones on the NYSE by a 2.59-to-1 ratio; on Nasdaq , a 3.14-to-1 ratio favored advancers.

Business

A mixed open for US stocks on Wall Street as energy slumps

The Dow is set to outperform its broader counterpart on an annual basis for the first time since 2011, rallying 10 percent this year, while the S&P 500 has climbed 7.9 percent. The stock was the biggest drag on... Overseas, Asian shares tumbled while European markets were mostly higher. The U.S. rally erased any remaining pessimism following Italy's weekend referendum in which voters defeated proposed constitutional changes, triggering Premier Matteo Renzi's resignation.


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