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PM steps into oil disputes with Gabon
David Cameron has intervened in an escalating row between UK oil companies and the government of Gabon after the petroleum ministry expropriated assets from the explorer Tullow Oil and threatened Royal Dutch Shell with a fine for non-payment of back taxes.
Companies and Markets
Cameron woos small investors over Lloyds shares sell-off
David Cameron has sought to channel the spirit of Margaret Thatcher for the second time in a week by promising that retail investors will take part in a £9bn post-election sell-off of Lloyds Banking Group shares.
Hope rises that Petrobras will avoid default on $137bn debt
Investor optimism is rising that Brazil’s embattled state-owned oil company Petrobas will emerge from a crippling corruption scandal without defaulting on its $137bn in debt. Shares in the state-owned oil company have surged more than 60 per cent from their lows this year after Petrobras said it expected to release this Wednesday delayed 2014 financial results – seen as essential to avoid a technical default.
AA wheels out long-awaited shake-up for the 21st century
The AA will today offer investors details about plans to reinvigorate the business weeks after completing a near-£1bn refinancing. A new management team that carried out a buy-in last summer plans to bring the roadside assistance company into the 21st century by unveiling connected car technologies aimed at younger drivers and better monetising online services, such as AA Route Planner.
We will hold UK defence to ransom, SNP warns
Scottish Nationalists have threatened to hold Britain’s security to ransom by trying to block the military budget until the renewal of Trident, the country’s nuclear deterrent, is halted. Nicola Sturgeon claimed yesterday that her party would have more power than ever before if the SNP were prop up a Labour government in the next parliament.
Shades of Seventies on drivers’ wish list
Popular car colours of the 1970s are making a comeback in Britain, according to a list of shades favoured by second-hand car buyers (James Dean writes). Beige, gold, yellow and green appear in the top ten of a list compiled by CAP, the car valuations analyst, for the first time since the 1970s.
Clarkson had a cancer scare before BBC fracas
Jeremy Clarkson had a cancer scare only two days before punching a colleague in the fracas that led to his sacking from Top Gear, he has revealed. Clarkson said his doctor had told him “sternly” that a lump on his tongue was probably cancerous and urged him to get it checked.
Have a drink: dehydrated drivers are as dangerous as drunk ones
Drinking and driving is actually a good idea, according to new research – but only if the liquid is water. Researchers found that mildly dehydrated motorists who drank as little as 25ml of water an hour while driving made as many mistakes as those over the drink-drive limit for alcohol – and more than twice as many mistakes as those who were properly hydrated.
Cameron would curb any Scots advantage
David Cameron will today warn the SNP that a future Conservative government will not allow Scotland to use devolution to give the country a competitive advantage over its English neighbours. In a contentious intervention, Mr Cameron will announce plans to establish a so called “Carlisle principle” to offset potential Scottish tax cuts that could damage English businesses south of the border.
Sturgeon puts Miliband at heart of SNP manifesto
Nicola Sturgeon is to put working with Ed Miliband at the heart of the SNP manifesto today by including a series of Left-wing policies that affect the whole of the UK instead of just Scotland. The First Minister will outline an “alternative vision” for Britain that will attempt to portray the SNP as a party that can deliver policies on a UK-wide basis if it holds the balance of power in a hung parliament.
Ukip could lose both its MPs, says Cameron
The UK Independence Party could lose its current two MPs in the general election, David Cameron has said. Despite Nigel Farage’s hopes of a major breakthrough, the Prime Minister told the BBC yesterday:” Look at the opinion polls. It looks like Ukip will be lucky if they have even one seat.”
‘Zombie’ BP is still fighting fires, five years after the Gulf of Mexico disaster
Big Chairman Carl-Henric Svanberg opened the company’s annual general meeting last week with an apology, reminding shareholders that Britain’s second-largest oil major should never forget the explosion which ripped apart the Deepwater Horizon oil rig in the Gulf of Mexico five years ago today.
Farage: Miliband’s love of big business betrays working class people
Nigel Farage today accuses Ed Miliband of being in the pocket of “big business” and betraying working class voters. The UK Independence Party chief savages his election rival for siding with multi-national corporations that benefit from mass immigration while damaging traditional communities and undermining small firms.