The BP chief who famously told reporters he wanted his life back after the company's Deepwater Horizon catastrophe in the Gulf of Mexico is stepping down as chairman of the oil and gas company Genel Energy. The Kurdistan venture was seen as a second coming for Mr Hayward. But it hasn't fulfilled its promise on his watch and Genel's shares closed almost 5% higher on his replacement.
A café in south London has become the latest business to go card-only as more turn their back on the “faff” of taking coins and notes. Ross Brown, who owns Browns of Brockley in south east London, stopped taking cash earlier this year, inspired by a trip to Sweden where he “hardly used cash at all and not even noticed.”
A row's erupted after French state-owned rail operator SNCF launched a bid to run new high speed services from London to Birmingham. It joined forces with Virgin Trains to enter the competition for the West Coast Partnership franchise, which will include services on the existing West Coast route from 2019 and initial HS2 trains between the capital and West Midlands from 2026.
Northern Petroleum plc,an oil and gas company, is undertaking a redevelopment and production project in north west Alberta and has a broader portfolio of exploration and appraisal opportunities in countries of relatively low political risk, primarily Italy.
A court's heard that a teenager made about £360,000 by creating computer hacking software which cost universities, gaming websites and other businesses millions of pounds. 20 year old Adam Mudd from Hertfordshire, has already admitted offences under the Computer Misuse Act. But the report also acknowledges that teenagers are often looking to secure bragging rights with their friends, rather than for any more malevolent motive.
Alistair McQueen, Head of Savings and Retirement at Aviva, will be available this week to comment on the Graduate Labour Market Statistics on Tuesday 25th April, HMRC Flexible Payments from Pensions Data on Wednesday 26th April and HMRC Personal Income Statistics on Thursday 27th April.
There's a warning the UK's electrical infrastructure is not equipped for the rise in Electric Vehicle or EV use over the next decade. A report from the Green Alliance suggests peak demand for electricity could double before 2050, leading to so called brown outs or black outs if local grids are not actively managed.
British businesses have at least £498bn tied up in excess working capital, which could be used to boost cashflow and growth. A combination of revenue growth, which increases the amount of money tied up in unpaid invoices, and firms strategically building up their inventories ahead of anticipated price hikes, have increased pressure on businesses to have more working capital.
A general election period brings uncertainty but can also be good for businesses. While there are naturally concerns that things can slow down in the run up to a vote, it is also a chance for entrepreneurs and business leaders to have their voices heard.
Facebook says it is working on technology to allow us to control computers directly with our brains. It is developing “silent speech” software to allow people to type at a rate of 100 words per minute, it says. The project, in its early stages, will require new technology to detect brainwaves without needing invasive surgery.
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