Foster Wheeler
12 ноября, 16:14

Политики и атом

Осенью 2017 года случилось несколько небезинтересных новостей вокруг атомной энергетики. Начнем, пожалуй, с народного волеизъявления в Южной Корее. Атоминфо пишет Строительство блоков №№5/6 АЭС "Shin-Kori" (Южная Корея) должно быть возобновлено. К такому выводу, как пишет "World Nuclear News", пришло независимое обшественное жюри, образованное в сентябре 2017 года по инициативе президента страны.По данным базы PRIS, сооружение пятого блока стартовало 1 апреля 2017 года и было приостановлено 24 июля 2017 года. В тот же день было принято решение о приостановке работ по сооружению шестого блока.Президент Южной Кореи Мун Чжэ Ин выступает за постепенное свёртывание атомной энергетики. В частности, сроки службы атомных энергоблоков в Южной Корее будут ограничены 40 годами, а строительство новых блоков будет прекращено.В то же время, он отделяет те энергоблоки, сооружение которых уже было начато. Это блоки №№1/2 АЭС "Shin-Hanul" и блок №4 АЭС "Shin-Kori", так как на их строительство были потрачены значительные средства. А вот блоки №№5/6 АЭС "Shin-Kori" оказались в промежуточном положении, как находящиеся на стадии первого бетона.Текущее состояние строительства Shin Kori 5.Судьбу этих блоков Мун Чжэ Ин предложил вынести на рассмотрение обшественного жюри, временно приостановив все проводящиеся на них работы. Отбор кандидатов в состав жюри проводился на основе анкетирования, в котором приняли участие около 20 тысяч человек. Почти 6 тысяч из них изъявили желание войти в состав жюри, после чего из них было выбрано 500 человек. В финальном голосовании принял участие 471 человек. Продолжение строительства победило с большим преимушеством - за него проголосовало около 59,5% членов жюри.Жюри, однако, также в целом поддержало стремление президента страны к постепенному свёртыванию атомной энергетики. За сокращение доли атома в энергобалансе высказалось 53,2%, за её сохранение на нынешнем уровне - 35,5%, а в пользу её увеличения проголосовало всего 9,7% членов жюри.Как ожидается, в начале следующей недели Мун Чжэ Ин отдаст распоряжение о возобновлении работ по сооружению блоков №№5/6 АЭС "Shin-Kori". На них будут установлены реакторы APR-1400.==== Победивший на выборах в мае этого года кандидат Мун Чжэ Ин, как известно, активный анти-атомщик, в ходе предвыборной кампании обещавший постепенно освободить Южную Корею от АЭС. Пока все это вылилось в попытке остановить строительство новых блоков, как мы видим, народ отказался выкидывать потраченные деньги и решил таки достроить АЭС. При этом в целом общественное мнение в ЮК остается антиатомным - это видно и из новости (хотя избранное жюри не эквивалентно народу в целом, конечно) и по тому, что в ходе весенних выборов аж 7 кандидатов в президенты стояли на антиатомной платформе - думается, что не по зову души, а по опросам населения. Пытаясь понять причины такого резкого разворота в отношении к атомной энергии (а Южная Корея последние 3 десятилетия оставалась в плане наращивания доли АЭС в генерации электроэнергии одной из самых активных стран) можно увидеть у азиатских стран несколько тенденций. Самые бедные страны считают АЭС слишком дорогостоящими проектами - сюда можно записать Филиппины, Вьетнам, Камбоджу, Мьянму. Они развиваются в основном за счет гидроэнергетики и газовых электростанций. Страны побогаче или побольше наоборот являются поклонниками развития атомной энергетики, как технологии, диверсифицирующей риски по поставкам энергоносителей. Кроме того, в период промышленного взлета, который проходили Япония, Тайвань, Южная Корея, Китай, строительство АЭС является важным символом технологической мощи. Но когда эти страны вставали в ряд развитых, то и цена электроэнергии и гордость за освоение высокотехнологичного производства переставала играть роль. Можно предсказать, что и в Японии/Южной Корее атомной промышленности придется искать новый облик, который позволит "озеленить" атомную энергетику.Остается только добавить, что в Южной Корее еще играет роль множество коррупционных скандалов вокруг атомной отрасли в последние годы (в т.ч. затрагивающие вопросы безопасности и качества) и близость воинственного северного соседа.Вторая новость - из Франции===Правительство Франции скорректирует политику предыдущего президента Франсуа Олланда по сокращению количества АЭС «в более реалистичную сторону». Об этом заявил министр окружающей среды Николя Юло (Nicolas Hulot) на пресс-конференции в Париже во вторник.Предыдущее правительство Франсуа Олланда в 2015 году добилось принятия закона, который установил цель сокращения доли атомной энергии в энергоблоке до 50% к 2025 году с нынешних 75%.Как сказал Николя Юло, подобные сроки являются крайне нереальные, при этом не назвал каких-либо иных целевых показателей.«Мы намерены снизить долю ядерной генерации, но мы понимаем, что спешка в этом вопросе приведёт к увеличению выбросов СО2, а также поставит под сомнение энергетическую безопасность Франции и создаст проблемы с сохранением рабочих места», - заявил министр.Юло также пообещал, что старейшая во Франции АЭС «Фессенхайм» будет закрыта в течение пяти лет, т.е. за время правления нынешнего президента Эммануэля Макрона. Ранее, вскоре после своего избрания в мае 2017 года, Макрон и Юло заявляли о намерении продолжать политику Олланда на сокращение числа АЭС и закрыть 17 из 58 действующих в стране энергетических реакторов к 2025 году.В противовес этой политике, государственная коммунальная компания EDF, которая управляет атомными электростанциями Франции, вместо этого выступает за продление срока эксплуатации своего атомного парка с нынешних 40 до не менее 50 лет.===Франция, как известно, является мировым лидером по доле атомной энергетике в электрогенерации. Однако, последние лет 30 "зеленые" пытаются тем или иным способом увести страну с этой позиции. С рациональной точки зрения это, конечно, бред - Франция имеет один из самых низких carbon footprint (т.е. выбросы СО2 на доллар ВВП) в мире, и самый низкий среди развитых стран. Причем этот результат достигнут за 25 лет, без прямого субсидирования и с хорошим итоговым результатом по стоимости электроэнергии (~50 евро за МВт*ч).Однако, антиатомная мифология имеет своих поклонников во Франции. Самым большим успехом было проведение закона о сокращении доли атомной энергии к 2025 году. Впрочем, между законом и его реализацией еще далеко. Во-первых, АЭС во Франции рулит компания EDF, хоть и принадлежащая правительству, на деле весьма независимая от него. Характерным примером является закрытие АЭС Фессенхайм. Это старейшая действующая АЭС во Франции и ее закрытие было победой "зеленых" при избрании предыдущего президента Оланда в 2012 году с целью закрыть АЭС к 2016. Однако этого не случилось и сегодня, и обещания по закрытию теперь продлены на 2022 год. Аналогичная история, по-видимому, ждет и снижение доли атома. Третий блок АЭС Фламанвиль, на который было разменено решение о закрытии Фессенхайм. Стройка новейшего EPR-1700 тут уже закончена, идет пусконаладка.Более того, как мы видим, Николя Юло (в прошлом - "зеленый" активист) сам говорит о том, что снижение доли атома входит в противоречие с снижением выбросов СО2. Скорее всего говорит он это после оценки финансовых возможностей правительства в плане дотирования бурного роста ВИЭ-генерации.Тем не менее, не смотря на успешное отражение атак "зеленых", будущее атома во Франции мрачнее, чем хотелось бы. Существующая "осада" не дает французскому атому идти вперед и пытаться реализовать как имеющиеся наработки, так и проводить работу в поисках "нового облика". Правда есть и положительные сдвиги - например выход Areva из предбанкротной ситуации (путем вливания денег и отделения "токсичных" частей в новую компанию). Третяя новость касается как раз "нового облика" из Великобритании===The UK government must give the country's nuclear industry clarity on the potential development and deployment of small modular reactors (SMRs), Rolls-Royce and its partners in the UK SMR consortium said today. There is a "once in a lifetime" opportunity for Britain to design, manufacture and operate such reactors, they added.SMR render - 460 (Rolls-Royce)Rolls-Royce and its partners - including Amec Foster Wheeler, Arup, Laing O'Rourke, Nuclear AMRC and Nuvia - today released a report claiming a UK SMR program could create 40,000 skilled jobs, contribute £100 billion ($132 billion) to the economy and open up a potential £400 billion global export market."The development of an SMR in the UK would not only complement existing plans for large new build reactors in supporting the future energy mix, it would allow the UK nuclear industry to embark on a long-term sustainable program of international export, supporting jobs and growth for decades to come," according to the report, titled UK SMR: A National Endeavour.The UK SMR program, it suggests, is "uniquely placed to avoid the complexities, delays and overspends often associated with infrastructure projects". It says SMRs offer a "convincing alternative" to financing and constructing large-scale reactors around the world and represent a "very substantial commercial opportunity".In addition, the consortium claims British consumers could benefit from lower cost electricity if the government backed an SMR program for the UK. They say SMRs could deliver electricity at £60 ($80) per MWh, making them competitive against wind and solar and help "the continual reduction in the price of nuclear generated power".The report notes that a study by the UK National Nuclear Laboratory suggests a market for 7 GWe of SMR power plants will exist in the UK by 2035, with further opportunity beyond this to 2050. The UK SMR consortium claims it is uniquely qualified and positioned to capitalise on this opportunity, especially as its SMR design is based on proven technologies.Harry Holt, president for nuclear at Rolls-Royce, said: "The UK has never had a greater need for low-cost, low-carbon, safe, secure and reliable energy production. With demand for energy set to rise in the near future - in part due to the growing popularity of electric cars - we believe that a UK SMR program is a vital addition to our national infrastructure."The UK government launched the first phase of an SMR competition in 2016 to identify the best value SMR design for the UK.Возможный внешний облик АЭС с малым реактором от Rolls Royce.====Это одно из многих сообщений, в которых поддерживается стремление Великобритании таки построить какое-то количество малых модульных АЭС. Причиной этого стремления (не смотря на наличие зеленых и в UK, конечно) является во многом желание удержать от закрытия Rolls Royce, т.е. не потерять одного из ключевых разработчиков ядерно-оружейного комплекса. Это устремление грамотно обертывается в один из возможных обликов "нового атома" - малые модульные АЭС, хотя на деле конкретное предложение RR - не малое (450 МВт электрических) и не модульное. Тем не менее, если эти АЭС начнут строится, то наряду с Канадой, где только что важный этап лицензирования прошел малый модульный ториевый жидкосолевой IMSR от Terrestial Energy, Великобритания может стать точкой роста "нового атома", о чем, собственно и говорится в пресс-релизе Rolls Royce. Здесь очень важно, что бы кто-то толкнул ситуацию вперед - от теоретических рассуждений к первым практическим реализациям, что бы понять реальную стоимость и восприятие АЭС малой мощности. В этой ситуации положительным трендом мог бы так же быть рост подребления электроэнергии в развитых странах - на IT-инфраструктуру, электротранспорт или климат-контроль зданий - не так важно. Вот это те точки изменений, которые могут изменить отношение к атомной энергетике. Что ж, в ближайшие годы будет видно, куда пойдут тренды.

10 октября, 15:00

Акции Европы под давлением из-за кризиса в Каталонии

Москва, 10 октября - "Вести.Экономика". Европейские рынки во вторник утром немного снизились, так как инвесторы следили за сохраняющейся политической неопределенностью в Каталонии, сообщает CNBC.

10 октября, 13:41

Основные фондовые индексы Европы начали день со снижения

Европейские рынки во вторник утром немного снизились, так как инвесторы следили за текущей политической неопределенностью в регионе Каталония в Испании. Сводный европейский индекс Stoxx 600 снизился на 0,1 процента в середине утренних сделок с секторами и основными биржами, торгующимися в противоположных направлениях. Испанский IBEX отстает от остальных европейских индексов, снизившись более чем на 0,7 процента, так как инвесторы ожидали заявление каталонского лидера Карлеса Пучдемона позднее сегодня. Акции автопроизводителей были худшими исполнителями во вторник, так как Valeo, Ferrari и Daimler снизились более чем на 1 процент в середине торгов. Между тем, во вторник утром сектор домашних товаров лидировал, повысившись на 0,6 процента, причем почти все акции в этом секторе были на положительной территории. Французская группа товаров класса люкс, LVMH, поднялась вплотную к рекордным максимумам после того, как сообщила о более сильном, чем ожидалось, росте выручки в третьем квартале. Ее акции выросли более чем на 2 процента. Capita объявила о назначении Джонатана Льюиса на пост генерального директора, при этом бывший глава Amec Foster Wheeler, как ожидается, займет эту должность в начале декабря. Акции британского аутсорсингового гиганта поднялись на вершину европейского индекса после новостей, превысив 2 процента. Акции Dassault Aviation упали до нижней границы индекса, снизившись более чем на 4 процента после того, как генеральный директор компании сказал, что ввод в эксплуатацию бизнес-самолета Falcon 5X будет отложен. Накануне выступления президента Каталонии Карлеса Пучдемона в парламенте, которое должно состояться во вторник днем, давление на лидера каталонских сепаратистов усилилось, и не только со стороны Мадрида. Тем временем две крупнейшие страны Евросоюза Франция и Германия выступили в поддержку единства Испании и против одностороннего объявления независимости Каталонией. Правительство Испании, столкнувшееся с самым серьезным политическим кризисом в стране после попытки военного переворота 1981 года, предупредило, что незамедлительно ответит на любую такую одностороннюю декларацию и предпримет меры, как оно заявило, по восстановлению закона и демократии. Член правления ЕЦБ Сабина Лаутеншлагер заявила в понедельник, что учреждение должно сократить свою программу закупок облигаций с 2018 года, с конечной целью прекращения этой схемы. 26 октября состоится заседание Совета управляющих ЕЦБ. В Великобритании, премьер-министр Тереза ​​Мэй выступила перед парламентом в понедельник вечером, объявив, что будет двухлетний переходный период после выхода Великобритании из Европейского Союза. Хотя «реальный и ощутимый прогресс» был сделан, Мэй также сказала, что подготовка ведется и в том случае, если не будет достигнута договоренность о будущих торговых отношениях между Великобританией и остальной частью блока. На текущий момент: FTSE 7521.64 13.75 0.18% DAX 12961.26 -15.14 -0.12% CAC 5363.40 -2.43 -0.05% Информационно-аналитический отдел TeleTrade Источник: FxTeam

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13 сентября, 14:57

Frontrunning: September 13

Apple takes shine off global stocks rally (Reuters) Apple’s New iPhones Gamble on Allure of Premium Pricing (WSJ) North Korea defiant over U.N. sanctions as Trump says tougher steps needed (Reuters) Crews Face Herculean Task Restoring Power in Florida (WSJ) Supreme Court Reinstates Travel Ban’s Refugee Restrictions (WSJ) Seadrill Files for Bankruptcy in Effort to Shrink Debt Burden (BBG) There’s a Speeding Mass of Space Junk Orbiting Earth, Smashing Into Things (WSJ) Act or Wait? Fed Debate Heats Up After Inflation Misses Target (BBG) Congress votes to call on Trump to denounce hate groups (Reuters) Uber’s Legal Chief Salle Yoo Is Resigning (WSJ) Greece to beat budget target, plans more bonds: finance ministry official (Reuters) Inequality Persists Despite U.S. Progress on Incomes and Poverty (BBG) Cities Swimming in Raw Sewage as Hurricanes Overwhelm Systems (BBG) 30% of Bank Jobs May Disappear in Next Five Years: Ex-Citi CEO Pandit (BBG) After the Equifax Hack, LifeLock Sign-ups Jump Tenfold (BBG) Emails Show How the Food Industry Uses ‘Science’ to Push Soda (BBG) IEA Sees Strongest Global Oil-Demand Growth in Two Years (BBG) Saudi Arabia Pushes OPEC on New Tack to Curb Oil Supplies (WSJ) J.C. Penney Missed Out on 3300% Rally as Dumped Asset Skyrockets (BBG) No federal charges for Baltimore cops in Freddie Gray's death (Reuters) China Prepares Sale of $2 Billion in U.S.-Dollar Bonds (WSJ)   Overnight Media Digest WSJ - Apple Inc introduced a trio of new iPhones, including the premium iPhone X, which will cost from $999 to $1,149. on.wsj.com/2xXSdbs - DowDuPont Inc is altering its plan to splinter into three companies, bringing to an end the threat of a fight with as many as four activist investors. on.wsj.com/2xYrSdt - Britain pledged to contribute troops and to work with the European Union to implement foreign sanctions after Brexit. on.wsj.com/2xYKslH - U.S. President Donald Trump touted what he described as a plan by Malaysia Airlines Bhd to spend between $10 billion and $20 billion on Boeing Co jets and General Electric Co engines as he opened a White House meeting with Malaysia's prime minister Najib Razak. on.wsj.com/2xYZ4RO - Salle Yoo, the top lawyer at Uber Technologies Inc, is departing the company as it faces three federal investigations into its operations and welcomes a new chief executive. on.wsj.com/2h0v2dj - Samuel Shen, a Microsoft veteran of 24 years and the former general manager of its cloud and enterprise business in China, took the job as JD.com Inc's president of cloud unit. on.wsj.com/2h0d6iT - The Donald Trump administration threatened to impose further sanctions on China if Beijing does not do more to shut down banks and other Chinese firms aiding North Korea. on.wsj.com/2gZPf2N - The UK government referred Twenty-First Century Fox Inc's $15.5-billion proposal to consolidate ownership of Sky Plc to British antitrust regulators and said it was likely to broaden that review to include Fox's commitment to the country's broadcasting standards. on.wsj.com/2h25Nr4   FT - Businesses in South Africa have come under pressure to cut ties with KPMG over the auditor's work for companies owned by the Gupta family, as the fallout deepens from a scandal that has caused the collapse of Bell Pottinger's British arm. on.ft.com/2eTrwgk - Concerns over standards at Fox News Network has put Rupert Murdoch's proposed 11.7 billion pound ($15.54 billion) takeover of European pay-TV group Sky Plc into doubt after the UK government signalled that it was likely to widen an investigation by regulators into the deal. on.ft.com/2eUDlTF - DowDuPont has revised its plan to break up into three separate companies by shifting some operations in the three units, a plan welcomed by its activist investors. on.ft.com/2eTwDx8   NYT - Nancy Gibbs, the first woman to lead Time magazine, is stepping down as editor in chief, ending her four-year run at the publication's helm. nyti.ms/2f3ZYZN - Britain's culture minister said on Tuesday she was inclined to ask the country's competition regulator to carry out a detailed review of a bid by Rupert Murdoch's Twenty-First Century Fox to take full control of the British satellite television giant Sky Plc. nyti.ms/2jnRKgg - After a year-long investigation, the National Transportation Safety Board concluded that a Tesla Inc system capable of automatically steering and controlling a car had "played a major role" in a fatal crash in Florida. nyti.ms/2h2ypk9 - DowDuPont Inc, the chemicals giant, said it would shift the focus of its reorganization plan after shareholders opposed a proposal to break up the company. nyti.ms/2eUN10i   Canada THE GLOBE AND MAIL ** The Real Estate Council of Ontario (RECO) has laid charges against three realtors for allegedly accepting money from prospective home buyers in exchange for preferential access to preconstruction condo units. tgam.ca/2eUVJMc ** Brookfield Infrastructure Partners LP is on the cusp of its second decade, and chief executive officer Sam Pollock is shoring up capital while preparing to welcome a new slate of index investors to mark the occasion. tgam.ca/2eW31zs ** Shareholders in Home Capital Group Inc have resoundingly rejected Warren Buffett's bid to boost his stake in the mortgage lender, which must now try to rebuild its fortunes without additional support from its star investor. tgam.ca/2eUQyMm ** Canada and Britain have joined forces in their efforts to get Boeing Co to drop its trade complaint against Bombardier Inc, with British Prime Minister Theresa May taking her concerns over the case to U.S. President Donald Trump. tgam.ca/2eUR0Ky NATIONAL POST ** The Financial Accountability Office of Ontario on Tuesday released a commentary covering the province's proposal to increase the minimum wage to C$15 ($12.4) an hour, finding the added labour costs for businesses will increase workers' incomes, but that those extra payroll costs will force firms to axe some lower-income positions. bit.ly/2eUHrv5 ** Single-family house prices may be overvalued by as much as 60 percent in Toronto, but cooling measures may take a bigger bite out of markets away from the country's largest metro area, says a new report. bit.ly/2eU8x5i ** Canada's two major rail companies, Canadian National Railway Co and Canadian Pacific Railway Ltd, sounded off on Tuesday against a new legislative proposal they say will give U.S. competitors unfair access to the Canadian rail network, and potentially cause more of the country's smaller and remoter rail lines to be abandoned. bit.ly/2eVrgh1   Britain The Times - 21st Century Fox Inc's 11.7 billion pounds ($15.54 billion )bid to take over Sky Plc has suffered a setback after the culture secretary, Karen Bradley, said that she was minded to refer the deal to regulators over concerns about broadcasting standards. bit.ly/2xXZ3hc - High Court judges will be asked to rule on whether the inquiry team investigating the causes of the Grenfell Tower fire is sufficiently ethnically and socially diverse. bit.ly/2xY2AMr The Guardian - The Murdochs face the biggest investigation into their record as media owners since the Leveson inquiry after the culture secretary said their proposed 11.7 billion pounds takeover of Sky should face a further six-month inquiry. bit.ly/2fh6OI5 - Air Berlin has been forced to cancel about 100 flights after an "unusually high number" of pilots called in sick, in what is believed to be a wildcat strike against possible redundancies at the bankrupt airline. bit.ly/2fg5Uf1 The Telegraph - Bell Pottinger Pvt has succumbed to the scandal of a divisive campaign it ran for controversial billionaire family the Guptas in South Africa and filed for administration. bit.ly/2gYwWLA - The Competition and Markets Authority has cleared the way for an oil-services mega-merger after agreeing that Amec Foster Wheeler Plc's plan to sell off its North Sea business would be enough to assuage its concerns over the John Wood Group takeover. bit.ly/2h1t8cq Sky News - The fourth round of Brexit talks has been delayed by a week to Sept. 25. A spokesperson said "both sides" had agreed to push back the date to give negotiators "flexibility" to make progress at the current stage. bit.ly/2xXImm0 -Matthias Wissmann, head of the German Automotive Association, said contingency plans were being formed to deal with a possible failure of Brexit negotiations in the next 18 months. bit.ly/2xY4EnA The Independent - Hope Hicks has officially become the third person to hold the title of communications director in United State President Donald Trump's White House. ind.pn/2xXL3nC - Theresa May has asked Donald Trump to help settle a trade dispute over Bombardier which could financially devastate one of Northern Ireland's biggest employers and put thousands of jobs at risk, following pressure from the DUP. ind.pn/2xYebLf    

12 сентября, 16:23

Renewed hike hopes lift pound to one-year high against dollar as rising inflation tightens the squeeze on UK households 

UK inflation rises to 2.9pc in August; higher than expected and a jump from July's 2.6pc rate  Pound rallies on currency markets as interest rate hike hopes are renewed by the pick-up in inflation Pound at highest level against the dollar in a year; trading 0.7pc higher at $1.3267 FTSE 100 retreats, hurt by the stronger pound; rental firm Ashtead leads the blue-chip leaderboard after saying that it expects a pick-up in demand in the aftermath of Hurricane Irma Housebuilders drop as Redrow boss sells stake in the company, stoking fears that the sector has already peaked UK inflation jumped to 2.9pc in August, the ONS revealed this morning, tightening the squeeze on households already suffering from the gap between rising prices and sluggish wage growth. With inflation well above the Bank of England's 2pc target, the pound soared on currency markets as hopes of an interest rate hike before the end of the year were revived by the figures. The Bank of England will decide on Thursday whether to raise rates in order to curb inflation with today's higher-than-expected pick-up cranking up the pressure on the central bank's policymakers. The ONS said that the fastest rise in clothing and shoe prices in 30 years bumped up the figures but that food inflation slowed, lowering the pressure on the weekly shop. 5:53PM Markets wrap: Inflation pick-up sends pound soaring to one-year high against dollar Today's inflation figure will crank up the pressure on Mark Carney and the Bank of England's MPC The pound has surged to his highest level against the dollar in a year after the ONS revealed that inflation jumped to 2.9pc, cranking up the pressure on Bank of England policymakers to hike interest rates to ease the squeeze on UK households. The markets are now putting the chance of a rate hike before the end of the year at close to a coin flip and the negative effect of the pound's rise on London's big exporters pulled down the FTSE 100 as stocks in the rest of Europe and the US continued to rebound. Housebuilders retreated as investors worried that the sector has reached its peak after directors at Redrow and Berkeley sold big stakes in the space of a few days while rental firm Ashtead rose to the top of the FTSE 100 as it predicted increased earnings from the aftermath of Hurricane Irma. IG market analyst Joshua Mahony said this on today's markets: "This morning’s FTSE gains proved fleeting, as a rise in UK inflation raised the prospect that the Bank of England’s monetary policy makers turn more hawkish. This drew investors into the pound to the detriment of the FTSE 100. "A sharp appreciation in inflation has put greater pressure on the BoE to provide a more hawkish outlook on Thursday, pushing the pound to a one-year high against the dollar." 4:22PM Inflation jumps to 2.9pc as prices for clothes and shoes rise at the fastest rate for 30 years CPI Price rises accelerated in August as costs for clothes, shoes, furniture and telephones all picked up pace. Inflation hit 2.9pc, the Office for National Statistics said, up from 2.6pc in the 12 months to July and the highest level since May, indicating that the fall back in price pressures in June and July may have been a blip in the upward trend. The weak pound has pushed up import prices and that has fed through into costs for shoppers, hitting households in the pocket. Read Tim Wallace's full report here 4:19PM Brent crude pushes past $54 per barrel as OPEC production falls for first time since March Brent crude has jumped 0.7pc today on the report Brent crude has pushed past $54 per barrel this afternoon after fresh data from OPEC showed a fall in production for the first time since March. The oil cartel's output fell by 79,100 in July as it tries to rebalance the market and  reduce the glut of oil stocks weighing on prices. OPEC also forecast higher oil demand in 2018, indicating that a tighter market will support future prices. CMC Markets David Madden commented: "The major oil producers clearly mean business now, as at the start of the summer we saw production actually rise from some members.   "OPEC’s production freeze will last until the end of March 2018, and Saudi Arabia is floating the idea of extending the production cut until the end of June 2018."  #OPEC sees #oil market tightening: Forecasts 2018 demand for its crude will average 32.83 million bpd, up 410,000 bpd vs Aug forecast #OOTTpic.twitter.com/d9wWSKtY5R— Christopher Johnson (@chris1reuters) September 12, 2017 3:59PM Gap between inflation and public sector pay highlighted The Government announced today that the pay cap on police and prison staff had been lifted  Many on social media are highlighting the gap between the jump in inflation to 2.9pc and police officer pay rising below that figure to 2pc. Today's pay increase announcement have been described as "derisory" by the TUC and tomorrow's wage growth figures could bring the subject back into focus again. Wage growth is expected to nudge up to 2.2pc, a 0.1 percentage point increase, in tomorrow's figures, lagging far behind inflation. Probably not your strongest timing Phil. So inflation is 2.9%. Police and prison officers are getting a 2% pay rise. Not an expert but my calculator keeps saying it's a pay cut!— Ian Warren (@election_data) September 12, 2017 Just a little bit of housekeeping to do on the economics front in the US. JOLTS job openings inched up to a fresh record of 6170, ahead of expectations. It hasn't done much to lift the dollar today, however, sterling is still trading 0.7pc higher against the greenback. Markets in the UK have been dominated by this morning's inflation reading, according to Spreadex analyst Connor Campbell. He commented on sterling's rise: "That took the pound to some important markers; cable is now sitting pretty at above $1.326 at a one year peak, while against the euro sterling has climbed to a fresh 6 week high. "These gains had important ramifications for the rest of the markets. First and foremost it prevented the FTSE from joining in with the gains seen elsewhere, instead sending the UK index back below 7400 – if only just – with a 0.1% dip."  3:19PM Murdoch faces broadcasting standards investigation over Fox's £11.7bn takeover of Sky Rupert Murdoch and his sons James and Lachlan are making a second bid for full control of Sky The Murdoch family faces a six-month investigation of their record as broadcasters and commitment to editorial standards following a Government decision that will mean a further delay in their £11.7bn bid to take full control of Sky. The Culture Secretary Karen Bradley said that in light of new representations on 21st Century's Fox's compliance record and its handling of sexual harassment allegations at Fox News, she was minded to trigger a double investigation by the Competition and Markets Authority (CMA). A broadcasting standards investigation will run alongside a previously planned probe of the impact of the deal on the public interest in media plurality, amid fears it would grant the Murdochs too much sway over news. Read Christopher Williams' full report here 3:16PM Merger talks that led to 'Clarkson moment' between AA bosses are off Bob Mackenzie CEO of the AA at their London HQ in Covent Garden Merger talks between the AA and insurance rival Hastings, which allegedly led to a Jeremy Clarkson-style brawl between the AA's former chairman and its insurance head are now off, Hastings said Tuesday. While the roadside recovery business confirmed it had spoken to Hastings earlier in the summer about a potential tie-up with its insurance arm, Hastings said in a separate statement that those talks were now off.   That ends a process that caused such a divide between AA's ex-chairman Bob Mackenzie and insurance boss Michael Lloyd that it was allegedly the trigger for a physical fight in a hotel bar earlier this year.  Mr Mackenzie was then sacked for "gross misconduct" in a move that wiped £200m from the AA's value in one day. However his son Peter has refuted the allegations, instead insisting his father resigned due to ill health.  Read Lucy Burton's full report here 2:51PM US stocks nudge up; Apple shares rise ahead of much anticipated iPhone release Apple will unveil the next iPhone at 6pm (BST) US stocks have opened higher at the opening bell in New York, leaving the FTSE 100 the only major index retreating today. The S&P 500, which closed at a record high of 2488.11 yesterday, has continued its ascent and reached a fresh all-time intraday high. With the latest iPhone due to be unveiled at 6pm (BST), Apple shares will be one to keep an eye on this afternoon. Ahead of the much anticipated release, shares are up 0.4pc but are expected to bounce around during the presentation later on. Meanwhile in Europe, the FTSE 100 has stabilised at a 0.4pc loss for the session as the pound dominates on the currency markets but the CAC 40 and DAX are enjoying a 0.6pc jump on rising risk appetite. 2:22PM Is this the top of the market for housebuilders? Redrow share price sinks after chairman sells shares Redrow's share price has sunk more than 8pc The chairman of housebuilder Redrow has sold off part of his stake in the company he founded, spooking investors that he could be calling the top of the market, and sending its share price down more than 8pc. Steve Morgan, who last week announced that he would "ease back" from his executive role this year, sold around a fifth of his 40pc stake in the business. That represents roughly 7pc of the total share capital; he still owns more than a third of Redrow's shares.  It comes a week after the founder and chairman of Berkeley Homes, Tony Pidgley, sold 750,000 shares in the housebuilder, pocketing £26.8m. Despite this selloff he remains the fourth-largest shareholder in the housebuilder. Analysts at Jefferies said that he "still has a lot of skin in the game". Read Isabelle Fraser's full report here 2:11PM Pound only at one-month high against basket of leading currencies Against a basket of the leading global currencies, the pound only hit a one-month high Just a sniff of an interest rate hike is enough to send the pound soaring on currency markets but it's worth bearing in mind that, while sterling has reached a one-year high against the dollar, against a basket of the leading global currencies it is only at a one-month high. A weaker dollar, which has been pulled down this year by the chaos at the White House and fears that sluggish inflation in the US could slow the pace of rate rises, is equally responsible for the recent surge. 1:52PM Leonardo joins bid to provide 'private airforce' for RAF to train against Britain's Typhoon pilots could find themselves battling civilian flown aircraft in mock dogfights Defence group Leonardo has joined a consortium hoping to land a massive contract that ultimately aims to supply a “private air force” for the RAF to train against. The international company’s UK arm has joined forces with Canada’s Discovery Air Defence and Britain’s Inzpire to bid for a contract providing live air training that could be worth as much as £1.5bn. Known as Air Defence and Operational Support (ASDOT), the contract could run for up to 10 years. It is eventually expected see private companies provide “enemy” fighters flown by civilians for RAF pilots to battle in mock dogfights, as well training pilots and servicemen and women in areas such as electronic warfare such as jamming radar signals, and calling in aircraft to launch strikes on the ground targets. Read Alan Tovey's full report here 1:43PM Pound jumps to one-year high against the dollar on interest rate hike hopes The pound has jumped to its highest level against the dollar in a year The pound's surge on the currency markets following the uptick in inflation has lifted it to its highest level against the dollar in a year. The recent economic strength of the eurozone and sterling's summer drift downwards against the euro means that it's only at a one-month high against the currency, however, trading 1pc higher at €1.119. $GBP Core CPI 2.7% in August - and more is on the cards in coming years, unless BoE tightens.. We like short EUR/GBP in to year-end #BoEpic.twitter.com/RwxoOaymU5— AndreasStenoLarsen (@AndreasSteno) September 12, 2017 Lukman Otunuga, research analyst at FXTM, believes the hawks calling for an interest rate hike at the Bank of England will find new impetus from today's figures. He said: "With UK inflation rates finding comfort well above the Bank of England’s 2% target, as the Brexit-fuelled Pound weakness boosts import costs, BoE hawks may make an appearance during Thursday’s policy meeting. While rising inflation is likely to support expectations over the Bank of England raising UK interest rates, it still unclear as to when and how this will occur.   "It should be kept in mind that elevated inflation levels have pressured households this year, and this will continue to negatively impact the outlook of the economy. With wage growth still struggling to keep up with inflation, concerns are mounting over the sustainability of the UK’s consumer-driven economic growth. BoE policy makers are under fresh pressure to take action, and Wednesday’s UK labour market data, which will be in sharp focus, could act as a catalyst for an unexpected surprise this year.   "The big question is, will the jump in UK consumer prices prompt the BoE to raise rates quicker than anticipated?" 1:09PM Competition watchdog clears Amec Foster Wheeler's North Sea sell-off plans The CMA has said that Amec Foster Wheeler’s plan to sell off its North Sea business would be enough to assuage its concerns The Competition and Markets Authority has cleared the way for an oil-services mega-merger after agreeing that Amec Foster Wheeler’s plan to sell off its North Sea business would be enough to assuage its concerns over the Wood Group takeover. The CMA took only one month to review the plans together with feedback from interested parties before approving plans for Amec Foster Wheeler to sell the majority of its North Sea assets and contracts as a package, well before its decision deadline. The pair anticipated the competition concerns surrounding their £2.2bn merger and are understood to have started talks with potential buyers as early as May this year. Both private equity and strategic investors are said to be circling the assets. The takeover raised eyebrows earlier this year amid fears that the pair, which both hold a substantial stake of the North Sea’s oil services market, would be able to wield its dominance to crush market competition. Read Jillian Ambrose's full report here 12:49PM Lunchtime update: Pound soars on currency markets as inflation pick-up renews hike hopes The Bank of England's MPC will meet on Thursday to decide whether to hike rates The pound has soared on the currency markets this morning as the pick-up in inflation to 2.9pc cranked up the pressure on Bank of England policymakers to hike interest rates to ease the squeeze on households. Although the market believes a hike in 2017 is still unlikely, pricing in a 35.6pc chance of a rise before the end of the year, today's rise due to an increase in clothing and shoe prices has renewed hawkish hopes. On the stock market, the pound's rally has punctured the FTSE 100 with housebuilders the biggest losers in London this morning as fears that the sector has reached its peak were stoked by Redrow's chairman selling a stake in the company. Accendo Markets head of research Mike Van Dulken commented on this morning's action: "Equities are mixed this morning, but not for want of underlying risk appetite as recent market take a back seat. While Dow futures and Germany's DAX push further north the FTSE is the odd one out, nursing minor losses, after strong UK inflation data sent the pound higher to the detriment of its significant international exposure.  "The German DAX outperforms thanks to EUR/USD holding around yesterday's 3-day lows, helping industrials/exporters while banks embrace this week's general risk-on mentality. The UK FTSE 100 is just the wrong side of breakeven, hindered by the pound's strength." 12:37PM Gold retreats following strong rally based on geopolitical fears Gold enjoyed a strong rally last week on geopolitical fears but has retreated today Gold prices are suffering a second day of decline as risk appetite returns to normal after markets wobbled on North Korea and Hurricane Irma fears. The price has retreated back down to $1.323.99 per ounce, a 1.7pc decline this week, after rallying last week on the geopolitical fears. Precious metal miners Fresnillo and Randgold Resources, whose share prices are wedded to the price of gold, have fallen to the bottom of the FTSE 100 as a result. 12:07PM SMEs will be hit by pick-up in RPI; house price inflation steady House price inflation has nudged up to 5.1pc Although slightly lost underneath the headline CPI figure this morning, the ONS also revealed that retail price inflation increased to 3.9pc while house price inflation nudged up to 5.1pc, both ahead of expectations. With business rates linked to RPI, SMEs will face higher tax bills as a result of the pick-up. Mike Cherry, Federation of Small Businesses national chairman, said that the pick-up in retail price inflation will make business rates unaffordable. He said: "Today’s increase in inflation will add to cost pressures facing the small business community. Confirmation of this month’s RPI is another huge blow, as it will add almost four percent to every single business rates bill next year.  "It’s hard to understand why the Government insists on using this outdated measure of inflation rather than the more widely accepted CPI, which it has pledged to use from 2020. With a weakening economy, CPI-indexation should be brought forward to 2018." Adrian Moloney, sales director at OneSavings Bank commented that the housing supply shortage is supporting property prices but that buyers continue to "walk a narrow tightrope to home ownership". He added: "On the one hand, strong employment growth and historically low mortgage rates are supporting buyer demand, but on the other, stagnant wage growth is being outstripped by consumer prices, making homes less affordable. "Mortgage approval levels recovered last month, suggesting a small rebound in consumer confidence and affordability, despite the enduring economic unknowns that continue to cloud the long-term view." 11:40AM Redrow chairman stake sale stokes investor jitters Steve Morgan has slashed his stake in Redrow Redrow chairman Steve Morgan selling a significant stake in the company has pulled down the entire housebuilding sector this morning, the sale coming just days after Berekley's boss also reduced his stake. The two stake sales have caused a few jitters among investors fearing that the the housebuilding sector may have reached its peak and soon be on the decline. Taylor Wimpey's 1.9pc fall is one of the sharpest on the FTSE 100 this morning while Redrow's 8.2pc plummet makes it the biggest laggard on the mid-cap index. UBS analyst Miguel Borrega points out that numerous factors will still support growth in the sector: "We highlight the market is now supported by "(1) low interest rates; "(2) structural undersupply; "(3) supportive land market with limited competition allowing for attractive returns; "(4) Government support in the form of Help-to-Buy and planning reform." Anthony Codling, an analyst at Jefferies, commented that he did not believe that " the silverback alpha males in the sector are calling the top of the market" through their stake disposals. 11:08AM Tasty issues unappetising update with fears about consumer spending squeeze extending into next year Trading conditions have become tough in the restaurant sector with various cost pressures hitting at a time of reduced consumer confidence Tough trading conditions in the restaurant sector have prompted operator Tasty to take a multi-million pound write-down on some of its sites as it predicted the consumer spending squeeze would extend into 2018. The owner of the Wildwood and dim t chains of restaurants said the entire sector had been suffering a slowdown since the beginning of 2017 and that this was set to continue into next year. “This is not unique to the group or any particular area but appears to be a nationwide problem, particularly evident in London, and has impacted turnover and profit,” said chairman Keith Lassman. These fears appear to have spooked shareholders with the stock down nearly 11pc to 37.5p in early trading. While total sales rose nearly 12pc to £24.3m for the six months to July 2, this was entirely down to new openings. Read Bradley Gerrard's full report here 10:51AM Inflation rise reaction: what the experts say UK inflation rose to 2.9% in August, extending the decline in real wages. Only increased indebtedness keeps consumption from declining pic.twitter.com/dsmcoSPogT— Ulrik Bie (@UlrikBie) September 12, 2017 Let's have a quick round-up on what the experts are saying on today's spike in inflation. We'll begin with Howard Archer, chief economic advisor at the EY ITEM club, who believes that inflation should be close to its peak. He said: "Sterling’s past sharp drop should have now largely fed through the pricing chain. Meanwhile, ongoing slow earning growth and lacklustre economic activity should limit domestic inflationary price pressures. Additionally, oil prices remain relatively low.   "Consequently, we believe there is a strong chance that CPI will be back to 2% by the end of 2018." Nomura sticking by its out-of-consensus call for a UK rate hike in November after today's inflation comes in higher than expected.— Jamie McGeever (@ReutersJamie) September 12, 2017 Investec economist Philip Shaw commented that this rise shouldn't be enough to move MPC members on interest rates. He said: "Our feeling is still that the MPC will be reluctant to tighten policy until it sees firm evidence that pay growth is strengthening well above the prevailing pace of close to 2%. We view this to be unlikely until the economy gains a degree of traction and there is less uncertainty over the UK’s post-Brexit arrangements. "Partly on this judgement we still see the committee maintaining the current stance of policy until 2019. July’s earnings data, plus other labour market metrics, are due tomorrow and it will be interesting to see the importance the MPC places on them when the minutes to the meeting are published on Thursday." Also here's our economic correspondent Tim Wallace's full report on this morning's figures.  10:26AM Housebuilders fall on Redrow stake sale and bearish sector note Housebuilder Redrow $RDW shares take a dive after chairman's charitable trust sells out at 590p, vs yesterday's closing price of 633p pic.twitter.com/xMKQel0DHB— Ian Smith (@iankmsmith) September 12, 2017 That spike in the pound has turned a stagnant session for the FTSE 100 into a negative one with the index now 0.2pc lower. Housebuilders are taking the biggest beating in London this morning with Redrow diving over 8pc after its chairman Steve Morgan sold a huge stake in the FTSE 250 company. The share placing and a bearish note on the sector from Bank of America Merrill Lynch hinting that housebuilders might have hit their peak already has pulled pulled down the FTSE 100 housebuilders with Taylor Wimpey, Barratt Developments and Persimmon all retreating just under 2pc. IG chief market analyst Chris Beauchamp said on the housebuilders' fall this morning: "Despite further evidence of UK house price growth, housebuilder shares have taken a knock  this morning as the chairman of Redrow takes the opportunity to offload some of his stake, in the wake of a bounce in the shares last week. "Given the near 50% appreciation in the shares from January until the end of last week, it doesn’t seem like a sign that the top is near, and in all likelihood there will be plenty of buyers keen to snap up some shares at a cheaper price than seen of late." 10:06AM Inflation rise reaction: Sterling depreciation will fall out of the year-on-year calculation soon ����#UK CPI #inflation was 2.9% in August => real wage squeze => sluggish #GDP growth pic.twitter.com/p4IxzmT44W— Danske Bank Research (@Danske_Research) September 12, 2017 CABLE doing a runner here on UK inflation data on read to Thurs #BoE mtg as both CPI & PPI above expects, GBPUSD last 1.3266 #CABLE#GBPUSDpic.twitter.com/6TZo4jOW1q— stephen garrett (@sgarret13) September 12, 2017 Today's inflation pick-up is slightly higher than the Bank of England's own 2.7pc estimate and way ahead of the central bank's 2pc target but Ben Brettell, senior economist at Hargreaves Lansdown, believes that that 2.9pc could be inflation's peak as sterling's weakness soon falls out of the year-on-year calculation. Mr Brettell added that the long-term inflationary pressures are still absent: "Beyond the currency effect there appear to be few underlying inflationary pressures. Labour costs are the main factor in domestic inflation, and growth here remains below long-term averages. Productivity growth is sluggish, and technological changes look to be suppressing wages, with the likes of Uber, Amazon and Netflix disrupting traditional industries.   "Furthermore we need to consider demographics. The baby boomers are retiring in their droves. They have already gone through their consumption phase – they have bought their houses, cars and consumer goods. The generation behind them is saddled with debt and struggling to get on the housing ladder.   "All in all I see more deflationary forces than inflationary in the world economy at present." 9:46AM Inflation key takeaways  Contributions to the CPIH 12-month rate   Inflation rose to 2.9pc in August, up from 2.6pc the previous month and higher than the expected 2.8pc increase. Rising prices for clothing and motor fuel were the main contributors to the pick-up. Air fares rose between July and August but the smaller rise compared to last year weighed on inflation. Renewed hike hopes push pound up to $1.3250 against the dollar, a 0.5pc advance, and €1.1077 against the euro, a 0.6pc gain. 9:33AM UK inflation picks up to 2.9pc, higher than expected Bank of England governor Mark Carney UK inflation rose to 2.9pc in August, figures just released by the ONS have revealed, up from 2.6pc the previous month and higher than the expected 2.8pc pick-up.  The increase lifting hawkish hopes of a rate rise has pushed the pound up on currency markets. It's now trading 0.5pc higher against the dollar at $1.3237. 9:18AM UK inflation preview: what the experts say RBC on UK inflation: Look for 2.8% Y/Y as a reflection of GBP depreciation. Exp. CPI to peak at 3.1% in October before pulling back in 2018— RANsquawk (@RANsquawk) September 12, 2017 Let's have a quick round-up of what analysts are saying before this morning's figures. CMC Markets analyst Michael Hewson describes last year's emergency change in monetary policy after the EU referendum as a "self-inflicted wound". He added: "There is a risk that we could see an uptick in the August CPI numbers to 2.8%, largely as a result of last year’s decision by the Bank of England to cut rates to 0.25%, and embark on further QE, which prompted further sterling weakness into the back end of 2016, a self-inflicted wound if ever there was one.   "An increase in petrol prices at the pump could prompt a slight uptick in the monthly number to 0.6% from 0.2%, but it still seems likely that we’ve seen the highs in inflationary pressure this year, barring a surprise. The steady decline in input prices since the beginning of the year, from 20% in January to 6.5% in July also suggests inflationary pressure is on the decline, though we could also see a bit of an August uptick here too with expectations of an increase to 7.3%." Spreadex analyst Connor Campbell points out that the MPC were unmoved when inflation peaked in May: "How much of a boost the currency could get from such a reading is perhaps up for debate. The Bank of England was reluctant to hike rates at that aforementioned May high, and it’s unlikely they’ll be moved by anything lower. "However, it would still be a move in the right direction, helping to explain why the pound is up 0.3% against the dollar and 0.2% against the euro."  9:09AM UK inflation preview: weaker-than-expected figure would hurt the pound  6. And... 1) UK inflation not wildly different to peers 2) Energy contributions are global & overlooked 3) Core is still the one to watch pic.twitter.com/SS4cpHi5t9— Rupert Seggins (@Rupert_Seggins) September 12, 2017 Weaker-than-expected inflation and patchy growth indicators for the UK economy have somewhat punctured hawkish hopes of an interest rate rise over the summer but could that impetus be revived today? With only three MPC meetings before the end of the year, the markets have put the chance of a rise in 2017 at just 28pc. A third consecutive month of weaker-than-expected figures hurting hike hopes would pull down the pound even if it does point to a healthier economy, according to Lee Hardman, currency analyst at MUFG. He said "So far this year, the pound has tended to strengthen following stronger than expected UK inflation reports and vice versa which have driven expectations for BoE monetary tightening. "While weaker than expected inflation would also be more favourable for the UK growth outlook, the market has not been willing to reward the pound in that manner." 9:01AM UK inflation preview: CPI expected to rise to 2.8pc; figures have been softer than expected over the summer 3. Oil price inflation suggests that there's still another month or two left of relief from UK transport & energy price inflation. pic.twitter.com/NhbbfMIgRC— Rupert Seggins (@Rupert_Seggins) September 12, 2017 Will the squeeze on households continue to ease or will inflation pick-up where it left off before the summer?  Economists are expecting today's inflation data to show a rise back up to 2.8pc but recent figures have been unexpectedly soft.  The Bank of England is currently forecasting inflation to peak at 3pc later this year but that surprise slowdown to 2.6pc in June and July has dampened the clamour for a rate rise. Only two members of the current line-up on the central bank's Monetary Policy Committee have voted for a hike, external members Ian McCafferty and Michael Saunders, but BoE chief economist Andy Haldane did admit earlier in the summer that he favoured a rate rise at some point this year. New MPC member and BoE deputy governor Sir David Ramsden's voting intentions are unknown but it is thought he won't rock the boat early on. 8:27AM Agenda: Pound shows no pre-match nerves ahead of key inflation data Mark Carney and the MPC have voted against hiking interest rates to curb high inflation The squeeze on UK households is expected to get a little tighter this morning when the latest inflation figures from the ONS drop. Economists believe UK CPI in August picked-up to 2.8pc after cooling off for the previous two months, mainly due to temporary factors. The latest RPI and PPI figures also due at 9.30am kick off this week's trio of key macro releases with wage growth data and the Bank of England's 'Super Thursday' scheduled in the coming days. Ahead of the data, the pound is showing no nerves on the currency markets, jumping higher against the dollar to flirt with the $1.32 mark. Asia stock mkts hit 10y highs on Irma and N Korea relief led by exportes & tech. Dollar rises on higher US yields, yuan hampered by Beijing pic.twitter.com/KXDX4j6rdl— Holger Zschaepitz (@Schuldensuehner) September 12, 2017 Equipment rental firm Ashtead has climbed to the top of a stagnant FTSE 100 early on with the blue-chip silent giant saying in its interims this morning that it expects demand for its services to pick-up in the clean-up efforts following the two hurricanes in the US and Caribbean. Meanwhile on the FTSE 250, JD Sports has surged over 9pc after reporting record first half profit. The "athleisurewear" store now expects full-year figures to be at the upper end of market expectations. Interim results: JD Sports Fashion, TyraTech, SafeCharge International Group Limited, ADES International Holding, Hydrogen Group, Flowtech Fluidpower, Midwich Group, Tasty, Hilton Food Group, STM Group, Servelec Group, IQE, Goals Soccer Centres, Manx Telecom, TP Group, Smart Metering Systems, Ashtead Group Full-year results: Murgitroyd Group, InnovaDerma, Vernalis AGM: EF Realisation Company, Limitless Earth, Aew UK Reit, Supergroup, Liontrust Asset Management, Daejan Holdings, Mulberry Group, Bushveld Minerals, Oxford Instruments, Van Elle Holdings, Ashtead Group, Emmerson Economics: CPI y/y (UK), HPI y/y (UK), RPI y/y (UK), PPI Input m/m (UK), NFIB Small Business Index (US), Federal Budget Balance (US)

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12 сентября, 10:21

Wood Group and Amec merger plans approved by CMA

The CMA accepts proposals by Wood Group and Amec Foster Wheeler to address competition concerns.

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12 июля, 15:00

Frontrunning: July 12

Yellen to Address Interest Rates, Balance Sheet (WSJ) Stocks Rebound as Dollar Dips on Trump Revelations (BBG) Trump Jr.'s Russia emails could trigger probe under election law (Reuters) Trump Jr. Emails Fan the Flames of Russia Probe (WSJ) Trump’s Credibility Dealt Blow by His Son’s Emails (BBG) Kremlin 'has nothing to do' with Russian lawyer who contacted Trump's team (Reuters) Google Pays Professors to Boost Washington Influence (WSJ) Senators Explore Bipartisan ‘Plan B’ for Troubled GOP Health Bill (BBG) GOP Drops Tax Cuts for the Wealthy in Revised Health Bill  (BBG) Giant iceberg breaks off Antarctica (Reuters)  Mexico Oil Privatization Pays Off With Billion-Barrel Find (BBG) What Did Sheldon Adelson Get for His $200 Million? (BBG) Wray to Face Tough Questions in Hearing to Become FBI Chief (WSJ) China sends troops to open first overseas military base in Djibouti (Reuters) Venezuela’s Golden Boy Is Out of Jail. That May Be a Problem (BBG) Hotel Money Is Funding Anti-Airbnb Sting Operations (BBG) Miners Dig High to Hunt for the Most Valuable Diamonds (WSJ) Wal-Mart Will Punish Its Suppliers for Delivering Late — or Early (BBG) Trump Targets Local Tax Write-Off, But May Hit House Republicans (BBG) Paul Singer Could Finally Get Warren Buffett to Punch Back (BBG) One Game Warren Buffett Doesn’t Play: Chicken (WSJ) This Bartender Turned His Dining Room Into a Walk-In Liquor Closet (BBG)   Overnight Media Digest WSJ - Paul Singer's Elliott Management is working on a rival offer that could put pressure on Berkshire Hathaway to raise its $9 billion bid last week for bankrupt Energy Future Holdings. on.wsj.com/2t2m0BR - U.S. President's eldest son and senior campaign aides attended a meeting last year to discuss allegedly incriminating information about Hillary Clinton they were told was being offered by the Russian government in support of Donald Trump's candidacy, according to emails Donald Trump Jr released Tuesday. on.wsj.com/2t2wuBb - Senate Majority Leader Mitch McConnell, ratcheting up the pressure on fellow Republicans, set a vote on the GOP health-care bill for next week and delayed the chamber's August recess to give the party time to seek other legislative wins, even if the health plan stalls. on.wsj.com/2t2yhWR - North Korea's recently tested long-range missile might not be able to survive the intense heat and vibration of re-entering the atmosphere, said South Korea's intelligence agency. on.wsj.com/2t2Ct95 - Twitter Inc tapped former Goldman Sachs and Intuit executive Ned Segal to be its new finance chief, as it addresses a list of vacancies created at the social-messaging company over the past year. on.wsj.com/2t2mk3x - Federal Reserve Chairwoman Janet Yellen heads to Capitol Hill on Wednesday to address the House Financial Services Committee in her twice-yearly Humphrey Hawkins testimony and to take questions from lawmakers. on.wsj.com/2t2uBnR   NYT - Takata Corp has added a further 2.7 million airbags to the nation's largest automobile industry recall after a new hazard was detected in testing. nyti.ms/2ugWid9 - Pearson PLC is raising about $1 billion by selling almost half of its 47 percent stake in Penguin Random House. nyti.ms/2ugQQqB - Makers of cardiac defibrillators, insulin pumps, breast implants and other medical devices might be able to delay reporting dangerous malfunctions to the Food and Drug Administration under an agreement heading for a vote in Congress. nyti.ms/2tGWDUV - The United Auto Workers said a petition for a union election had been filed by employees at a Nissan plant in Mississippi with more than 6,000 workers. They asked for a vote within a month. nyti.ms/2tHdHKp - A coalition of American states, cities, businesses and investors are moving to uphold the United States' commitments under the Paris deal. nyti.ms/2tGTLr4   Canada The Globe and Mail ** Wildfires in British Columbia have forced the shutdown of several forestry operations in areas near the blazes, adding further uncertainty to an industry already hit by U.S. duties on Canadian softwood lumber. tgam.ca/2u3t291 ** The chairman of Swiss banking giant UBS AG is throwing his support behind Canada's plans to create a federal infrastructure bank, saying aspects of the plan could provide a "blue-print" for financing global investments. tgam.ca/2uhElLb ** Ottawa-based investment bank Sampford Advisors is expanding and hoping it can make a dent in the competitive Toronto market for mergers and acquisitions (M&A) advice. Sampford recently opened a Toronto office and is targeting private technology deals in the $10-million to $100-million range. tgam.ca/2t2Rd82National Post ** British Columbia wildfires are hurting the province's resource industry, forcing the closure of lumber mills, disrupting mining operations and threatening a natural gas pipeline. bit.ly/2sP0pIO ** Low fuel costs and a strengthening Canadian dollar are proving to be tailwinds for Canadian airlines, leading analysts to boost their earnings estimates ahead of next month’s quarterly results. bit.ly/2sP0CM6 (   Britain The Times *Pearson Plc has offloaded almost half of its holding in Penguin Random House in a complex transaction that means that the publisher can return 300 million pounds ($385.53 million) cash to shareholders. (bit.ly/2ufJmnF) *HSBC Holdings Plc has said that France's plans to loosen its employment rules make relocating there more attractive. (bit.ly/2tKYaHV) The Guardian *Britain's economy will lose momentum both this year and next as the squeeze on living standards caused by higher inflation outweighs the benefits for exports of a cheaper pound, Standard & Poor's has predicted. (bit.ly/2uMPa5e) *Lloyds Bank is to radically change the way it charges for overdrafts on its 20 million accounts, including those at Halifax and Bank of Scotland, in a move it claims will leave most customers better off – although one in 10 could pay significantly more. (bit.ly/2uOWv4c) The Telegraph *Discount fashion chain Store Twenty One, has gone into liquidation, resulting in the loss of 900 jobs. (bit.ly/2sNT3Fq) *Amec Foster Wheeler Plc is being investigated by the Serious Fraud Office over its dealings with Unaoil over possible bribery and corruption through payments to middlemen. (bit.ly/2u6qjvF) Sky News *Jamie Dimon, the chief executive of JP Morgan Chase & Co , says the scale of the bank's operations in London can effectively be decided by the EU after Brexit. (bit.ly/2uOF57T) *Marks & Spencer Group Plc Chief Executive Steve Rowe said his turnaround plan for the retailer was on track as its sales decline slowed in the first quarter and it scaled back discounting and end-of-season offers. (bit.ly/2tDm8Gr) The Independent *French bank Societe Generale could move 400 banking jobs from London to Paris as a result of Brexit, chief executive Frederic Oudea has said. (ind.pn/2t0HbnP) *German discount supermarket chain Aldi is creating 4,000 new jobs in the UK, a move that will deal a sharp blow to some of the UK's biggest retailers who have suffered from fierce competition for market share. (ind.pn/2tIWdLW)

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05 июня, 17:23

«Нефтехимсервис» приступил к строительству установки для производства высокооктанового бензина

Торжественная церемония, посвященная этому событию прошла 1 июня 2017 г.На строительной площадке Яйского нефтеперерабатывающего завода в Кемеровской области была забита первая свая в основание комплекса по переработке прямогонного бензина УК-1 (установка комбинированная-1).В строительстве комплекса будет занято около 1000 человек. В ходе работ строителям предстоит смонтировать 12 тыс т металлоконструкций и залить более 40 тыс м3 бетона.Всего УК-1 будет производить более 700 тыс т/год высокооктанового бензина стандарта Евро-5.Комплекс по переработке прямогонного бензина будет включать установку по гидроочистке бензина, блок разделения бензина, изомеризации легкого бензина и риформинга с непрерывной регенерацией катализатора.В настоящее время идет контрактация основного технологического оборудования.Поставщиками оборудования выбраны UOP, Amec Foster Wheeler Italiana s.r.l, а так же российские предпр...

02 июня, 20:46

Aramco lets contract for Marjan expansion

Saudi Aramco has let contract to Amec Foster Wheeler for expansion of supergiant Marjan onshore and offshore field in Saudi Arabia’s Eastern Province.

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02 июня, 18:11

BP lets contract for Spanish refinery

BP PLC subsidiary BP Oil Espana SAU has let a contract to Amec Foster Wheeler PLC to provide services for a project to modernize a major unit at its 104,500-b/d refinery in Castellon, Spain.

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30 мая, 22:09

Lukoil lets contract for Sicilian refinery

Isab SRL, a subsidiary of PJSC Lukoil of Russia, has let a contract to Amec Foster Wheeler PLC to provide engineering services as part of a major turnaround of the 16 million-tonne/year Priolo refinery in Sicily’s eastern province of Syracuse.

25 мая, 13:15

Фондовые индексы Европы растут в четверг

Европейские фондовые индексы поднимаются в четверг в ожидании ключевого решения нефтедобывающих государств об ограничении производства нефти.