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BP and CNOOC sign agreement for third Deepwater Block in the South China Sea

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Liming Chen, President BP China, said: “This builds on our South China Sea presence creating a strong base for future exploration success for China and for BP.” CNOOC will be operator of 54/11; terms of the production sharing agreement were not disclosed. BP was awarded acreage in deepwater blocks 42/05 and 43/11 in 2010 and 2011 respectively; both are in the exploration period. ... Read More »

BP backs British athletes in their bid for Gold at Sochi and Rio

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The support will run through to the end of 2016 to include Sochi 2014 and Rio 2016. As part of BP’s commitment to British athletes, BP will continue its relationship with the six Olympic and Paralympic men and women it supported in the run up to London 2012: Lizzie Armitstead (road race cyclist), Jessica Ennis-Hill (heptathlete), Stef Reid (long jumper), William Sharman (110m hurdler), Richard Whitehead (200m sprinter) and Shelly Woods (wheelchair racer). Peter Mather, BP’s Group Regional Vice President for UK/Europe said: “The UK has bee... Read More »

easyJet predicts biggest summer holiday exodus yet with nine million due to fly out of UK on the airline this summer

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EasyJet, the UK's largest airline, will see almost nine million flying out of the UK this summer (between mid July and the end of September) with five and a half million of them travelling over the school summer holidays. The most popular routes this summer are dominated by Spain (four out of the top five destinations) with Malaga and Palma topping the list with Amsterdam, Alicante and Barcelona closely following. The busiest day of the year for travel is predicted to be 6 September with more than 130,000 passengers travelling to and from th... Read More »

£31 million Dorset deal will bring superfast broadband to thousands more homes and businesses

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Dorset County Council and BT have agreed a £31.75 million deal which will see high-speed fibre optic broadband becoming available to 97 per cent of premises in the county within three and a half years. The Superfast Dorset project builds on BT’s commercial roll-out of fibre broadband, which has already made the technology available to more than half of Dorset’s homes and businesses (more than 190,000 premises). The commercial programme will reach more than 260,000 premises by the end of Spring 2014. The new fibre network will transform broad... Read More »

Lloyds Banking Group announces the sale of its Miami International Private Banking Office

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Banco Sabadell already has a customer focused, private banking business in Miami and as indicated when we announced the sale of our Spanish retail operations to Banco Sabadell in April we continue to explore how the groups can collaborate effectively. This agreement evidences where such collaboration can be beneficial for both our customers and the business. The senior client facing team of the Business is expected to transfer to Banco Sabadell on completion of the Transaction. The Group will be contacting clients shortly in relation to the Tra... Read More »

UK: Family incomes and savings rise but household debt levels reach an all time high

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Average debts peak at almost £13,000 – highest recorded by report series But family incomes increase by more than £1,200 a year More families get into a regular savings habit, reaching a record high of £96 a month Typical family debts stack up to record levels Despite their growing incomes and a greater commitment to saving every month, UK families are regularly turning to unsecured borrowing. Typical household debt has increased by 38% since May 2012 (£9,314) and now stands at £12,834, the highest since this report series began in Ja... Read More »

UK: Aviva enhances critical illness cover with conditions that affect customers most

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Cover now includes 53 conditions, 17 of which are ABI+ IFA market-leading heart attack definition – severity level lowered significantly Extended scope of three of the five most claimed for conditions: heart attack, stroke and multiple sclerosis Child death benefit added Adviser online video available to explain enhancements This follows specific recommendations from Aviva’s protection claims team to ensure as many cases as possible will be paid. After analysing which types of claims couldn’t be paid due to criteria not being met, th... Read More »

Government must set a direction of travel for the UK’s energy mix

Renewable-Energy

WWF was particularly critical of the Government’s publication of widely different power sector scenarios for 2030, highlighting that one of them was completely inconsistent with the recommendations of the Committee on Climate Change and envisaged very little investment in low-carbon technologies after 2020. Nick Molho, head of climate and energy policy at WWF-UK, said: “The lack of a clear picture beyond 2020 is unsettling for companies wishing to invest in new low-carbon or supply chain projects, which take several years to build. If the Go... Read More »

Philips brings the first remote ICU monitoring system of its kind to the United Kingdom

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The Philips eICU installation at the hospitals will be the first of its kind in the UK and Europe. The system, supported by funding from Guy’s and St Thomas’ Charity, is set to be implemented within one year, with technical preparations currently underway. Upon completion, the system will provide care to a minimum of 65 ICU beds with the potential to expand to 120 ICU beds.   The eICU Program, often dubbed ‘a second pair of eyes on patients’, is designed to transform conventional ICU in hospitals using real-time, 24/7 patient monitor... Read More »

Lloyds Banking Group, 150 Interns get ready to make their mark

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The Lloyds Scholars Programme, which offers students from lower income backgrounds a unique combination of financial support and, through mentoring and internships, the opportunity to develop their employability skills, is a key component of Lloyds Banking Group’s community investment programme and goes to the heart of its business strategy. The Group is committed to investing in the long-term economic future of the UK and helping Britain prosper. Graham Lindsay, Group Director, Responsible Business for Lloyds Banking Group, said: “We know t... Read More »

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