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oil has gone up 4.5% in last hour

maybe we need another body to investigate the sfo
why should they be allowed to drag this on and on with no end

suppressed due to sfo
there should be a time limit on investigations
this is hindering their order books

penreach to Soft Launch Limited New UK Dark Fibre X Product
Thursday, August 8th, 2019 (8:01 am) - Score 2,835
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exchange fibre openreach
Network access provider Openreach (BT) will today soft launch a new Dark Fibre X product into the UK market that is based off Ofcom’s somewhat restrictive design, which for the time being only focuses upon the limited inter-exchange connectivity market.

Back in 2016 Ofcom attempted to introduce a regulated Dark Fibre Access (DFA) product upon Openreach (here), which would have allowed rivals to gain “physical access” to their existing fibre optic cables (i.e. enabling them to install their own equipment at either end of the fibre within cable ducts). However this suffered a dramatic failure after the courts rejected Ofcom’s incorrect market definitions (here and here).

The regulator’s original plan was to make DFA available in all parts of the UK (RoUK) except central London (including the City of London and Docklands), which didn’t just irritate BT but also other “full fibre” builders (e.g. Zayo, Cityfibre, Virgin Media etc.) who warned that it could act to discourage investment in the construction of new fibre optic networks.

By comparison the new regulated Dark Fibre X product has been watered down and will now only be available for connections from exchanges where BT faces no competition from rival backhaul providers being present or within 100 metres. This only reflects the inter-exchange connectivity market, which means the connections between BT exchanges in different geographic areas (e.g. between towns and cities).

sell .75
buy .7448

can we tender our shares at .80 and now buy at .72

rns on advsn was to do with hydrogen group.....not hyr which triggered some selling which brought down the sp

Paul thanks for that.
what are the highlights from the scsw write up?
why are you expecting a positive response on monday?

will be like this until swedes sell their 5 per cent off

Johnson & Johnson faces trial over opioid crisis in Oklahoma

Centrica PLC Annual Review with Credit Rating Agencies
02/04/2019 6:18pm
UK Regulatory (RNS & others)

Centrica (LSE:CNA)
Intraday Stock Chart
Today : Tuesday 2 April 2019

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TIDMCNA

RNS Number : 9090U

Centrica PLC

02 April 2019

Centrica plc

('the Company')

2 April 2019

Outcome of Annual Review with Credit Rating Agencies

Centrica plc notes the result of its annual reviews with both Moody's Investors Service ("Moody's") and S&P Global Ratings ("S&P").

On 14 March, Moody's affirmed an unchanged rating of Baa1 (stable outlook).

On 2 April, Standard and Poor's downgraded the long-term issuer credit and issue ratings of Centrica to BBB (stable outlook) from BBB+ (negative outlook). This change in rating follows a three-year period of Centrica being on a negative outlook.

As part of its financial framework, the Company targets strong investment grade credit ratings. Centrica will be able to operate effectively at the revised rating, with the near-term impact expected to be limited to posting a small amount of additional collateral, in the form of letters of credit, on some commodity procurement and trading positions.

shouldnt fca investigate bbc for tripe comment

Heng An Standard Life (HASL) has been given permission to open a pensions insurance business in China.
The firm, which is a joint venture between Standard Life Aberdeen and Chinese investment business Tianjin Teda International, is the ninth company to receive approval to set up a pensions insurance company.

According to Standard Life, it is also the first joint venture business to receive such permission in China.

“To be granted this approval is no small achievement,” said Gerry Grimstone, chairman of HASL.

The firm is eyeing long-term policies, including tax-incentivised savings, to support the transition.

Seismic shift in long-term savings
“As the pensions market in China looks set to go through fundamental reform to meet the challenges of an ageing population, Heng An Standard Life is exceptionally well positioned to support pension savers in this important market,” said Keith Skeoch, chief executive of Standard Life Aberdeen.

In fact, according to the firm, there are over 250 million people expected to hit age 60 by 2020. As a result, the Chinese long-term savings system is expected to shift from a predominantly state pension provision to a focus on occupational and individual savings.

“Through our long-term relationship with Tianjin Teda International; we have the infrastructure, distribution and local knowledge to develop our important strategic partnership in the world’s second largest economy,” Skeoch added.

HASL was created in 2003 and offers health, life and savings products in China and has been eager to roll out a pensions insurance product.

TAGS: ABERDEEN STANDARD LIFE | CHINA | HENG

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Has the AA turned a corner, or is it on a road to nowhere?
Simon Goodley
This week’s trading update will show whether efforts to jump-start the debt-laden company have had any success

Sun 10 Feb 2019 06.59 GMT

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AA mechanic assists with a flat battery.
An AA mechanic assists with a flat battery.
The AA has always considered itself the most staunch of organisations.

Take one of its earliest episodes, three months after its foundation in 1905, when a member called Herbert Johnson was accused of exceeding the 20mph speed limit. One of the association’s scouts, William Jones, swore an oath that the motorist must be innocent as he’d followed him on a bicycle at a speed of no more than 15 or 16mph – but, irritatingly for patrolman Jones, the court didn’t believe him. Johnson was convicted and Jones was arrested and charged with perjury. The AA then staked all of its funds and risked bankruptcy trying to get its employee acquitted, which, thankfully for Jones, it did.

It is not quite clear if any of the AA’s current crop would be prepared to do a stretch for a member now, and certainly patrols providing questionable testimony is not mentioned on the current list of members’ benefits. Still, more than a century later, the tale does seem to have relevance, at least as a strained metaphor about how the actions of some speedsters can cause the AA financial discomfort.

The company was floated on the stock market in 2014 and overloaded with billions of debt by the private-equity boy racers (finger salute out of the driver’s window to CVC and Permira). They re-engineered what should have been a simple runabout into something resembling a Reliant Robin towing a Winnebago – with the AA now valued by the stock market at £525m as it drags along £2.7bn of debt.

Sales from what the company calls 'roadside' – essentially its recovery service – account for 84% of revenues
Astonishingly, a bunch of City fund managers bought the sales patter, only to watch the price of their shiny new vehicle slump as soon as it had edged off the forecourt.

They have been regretting this impetuosity ever since: “star” fund manager Neil Woodford’s chunky stake has contributed to his fund continuing to have a shocker, and the AA’s debt will be raised again this week as it updates the City on current trading ahead of full results in April.

Business Today: sign up for a morning shot of financial news
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Full-year profits are expected to be about £74m on revenues of £960m, and the City won’t have much patience if there is any indication of a slippage to those numbers.

The shares, which floated at 250p, now change hands for around 86p, yet there are plenty who reckon it could get worse from here, as they are among the most shorted on the London stock exchange. Blackrock has a negative p

Results on Thursday are expected to reveal a 39% surge in underlying earnings to 21.9 billion US dollars (£16.8 billion) for 2018, up from 15.8 billion US dollars (£12.1 billion) in 2017.

This would mark its highest profits since 2014 and comes after Shell hailed one of its “strongest ever quarters” for the three months to September as higher oil prices drove earnings up 37%.

But fourth-quarter results may take the shine off the performance after oil prices went into reverse since reaching a heady high of nearly 87 US dollars (£66) a barrel in October.
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Having steadily rebounded since 2016 after a long and painful rout, the crude price rally finally ran out of steam last autumn amid fears of a slowdown in demand as global growth eases, combined with rising inventories.

The price of Brent crude ended the year lower than it did at the start – closing the year at 54 US dollars (£41) a barrel compared with 67 (£51) in January.

The Share Centre said: “The oil major has been reporting great numbers as average oil prices made steady progress since the lows of 2016.

“However, given the anticipation of higher supplies from shale and Iranian oil supplies not expecting to fall back as dramatically as previously expected, oil prices during the final quarter wobbled, which will no doubt hit Shell’s numbers.”

In the third quarter, Shell reported underlying earnings, on a current cost of supplies basis, of 5.6 billion US dollars (£4.3 billion) for the three months to the end of September.

Dramatic cost-cutting has also been giving Shell a boost, while it has likewise been selling off assets.

Boss Ben van Beurden has been focusing on an ambitious cost-cutting drive and a 30 billion US dollar (£23 billion) divestment initiative since the industry has been buffeted by the 2014 oil price crash.

By November, it had so far completed 28 billion US dollars (£21.5 billion) of the programme and has signed off on another 4 billion US dollars (£3.1 billion).

It also announced it would buy up to 2.5 billion US dollars (£1.9 billion) of shares in the second tranche of its buyback programme.

The group first launched the share buyout plan in July, having promised the move to investors since taking over rival BG Group in a mammoth 54 billion US dollar (£41 billion) deal in 2016

Shell set to post best profit numbers since 2014
Written by Energy Reporter - 25/01/2019 1:46 pm

Telit Introduces New Smaller IoT Form Factor Module Family
15/10/2018 8:00am
PR Newswire (US)

Telit (LSE:TCM)
Intraday Stock Chart
Today : Monday 15 October 2018

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LONDON, Oct. 15, 2018 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced the xE310 family of miniature IoT modules. With initial models planned in LTE-M, NB-IoT and European 2G, the new form factor will enable Telit to meet growing demand for ultra-small, high-performance modules for wearable medical devices, fitness trackers, industrial sensors, smart metering, and other mass-production, massive deployment applications. Telit will start shipping xE310 modules in Q4 this year.

was bought at 1.0475 and sold at 1.045
probably an isa

someone bought 48,000 at 1.0450

Former O2 chief executive Ronan Dunne has emerged as a candidate for the top job at BT.