Tom Frew

The Shah Deniz consortium has begun evaluating final offers it has received from the Nabucco Gas Pipeline International and Trans Adriatic Pipeline (TAP) for transportation of Shah Deniz Stage 2 gas to Europe. The submissions allow the Shah Deniz consortium to conduct the final evaluation of each of the transportation options and make an informed […]

Leading oil companies invest in two-year appraisal of the Clair oil field. Along with Shell, ConocoPhillips and Chevron BP has announced a two-year appraisal programme to look at the possibility of developing a third phase of the giant Clair field, west of the Shetland Islands at a cost of $500m The initial commitment involves a […]

LSE listed insurer Prudential has responded to a fine and censure by the UK’s Financial Services Authority saying the “investigation was into past events and does not concern the current conduct of the management of the Prudential Group”. Arguing that the “FSA accepts that Prudential did consider their obligations in forming their assessment in respect […]

The UK’s Financial Services Authority has fined insurer Prudential  £30 million for breaching FSA Principles and UKLA Listing Principles. Relating to Prudential’s failure to inform the FSA at the appropriate time that it was seeking to acquire AIA, the Asian subsidiary of AIG, in early 2010 the FSA also has also censured Tidjane Thiam, Prudential’s […]

BP has announced its intention to carry out a share repurchase programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to return to BP shareholders an amount equivalent to […]

UK business leaders respond to the 2013/14 budget With a package of new measures announced during George Osborne’s fourth budget business leaders have been putting them into practical context and demonstrating how they will influence the UK economy. Whilst a lack of financial support for SMEs drew criticism, Mr Osborne’s budget has been broadly welcomed […]

In the weeks running up to the budget sources close to the Treasury were keen to downplay today’s budget. Following the ‘omishambles’ budget of 2012 the Chancellor was said to be hoping for a period of comparatively calm waters and for 2013’s effort to pass without notice. This perceived wisdom was soon swept away as […]

In the last of ADVFN’s series of articles on what UK businesses want to see in this years budget Anil Stocker, Head of Policy at the NGFC & co-founder of MarketInvoice, an online SME finance provider, makes the case for the government to deliver on further support in helping SMEs gain access to finance. At […]

Ahead of the Budget this coming afternoon we asked business leaders Jason Woodford, CEO at digital marketing agency SiteVisibility and Al Bingle, Managing Director at Bishop’s Move, the UK’s largest family owned removals company, for their views on what the  Chancellor should focus on in this year’s Budget.   –  The UK needs a stamp duty […]

Ahead of the UK’s 2013/14 financial budget we ask Vince McLoughlin, Partner at business & tax advisory firm Russell New, for his thoughts on what Chancellor George Osborne should be announcing on Wednesday. – Capital Allowances – why not give businesses certainty in their investment decisions and maintain the allowance indefinitely? – Pension relief – what […]