125 jobs to go at Lindsey oil refinery

The Lindsey oil refinery in north Lincolnshire is set to lose about 125 jobs due to the collapse of its parent company, Prax Group. This news is concerning as it highlights the vulnerabilities in the energy sector, but there is a glimmer of hope with at least two bids to purchase and operate the refinery, potentially preserving jobs. The situation underscores the ongoing challenges in the UK economy and the importance of stability in the energy industry.

The Lindsey oil refinery in north Lincolnshire is set to lose about 125 jobs due to the collapse of its parent company, Prax Group. This news is concerning as it highlights the vulnerabilities in the energy sector, but there is a glimmer of hope with at least two bids to purchase and operate the refinery, potentially preserving jobs. The situation underscores the ongoing challenges in the UK economy and the importance of stability in the energy industry.

Barclays has identified six promising mid and small cap stocks in the UK that investors should keep an eye on. This is significant as these stocks often represent growth opportunities that can outperform larger companies, especially in a fluctuating market. By highlighting these stocks, Barclays is providing valuable insights for investors looking to diversify their portfolios and capitalize on potential gains.

Barclays has identified six promising mid and small cap stocks in the UK that investors should keep an eye on. This is significant as these stocks often represent growth opportunities that can outperform larger companies, especially in a fluctuating market. By highlighting these stocks, Barclays is providing valuable insights for investors looking to diversify their portfolios and capitalize on potential gains.

The Lindsey Oil Refinery is facing significant workforce cuts, with a third of its employees set to lose their jobs. The Unite union has voiced strong criticism of the government's handling of the situation, arguing that the refinery could remain operational and intact. This news is concerning not only for the workers affected but also for the local economy, as such layoffs can have a ripple effect on the community.

The Lindsey Oil Refinery is facing significant workforce cuts, with a third of its employees set to lose their jobs. The Unite union has voiced strong criticism of the government's handling of the situation, arguing that the refinery could remain operational and intact. This news is concerning not only for the workers affected but also for the local economy, as such layoffs can have a ripple effect on the community.

The UK economy experienced a slowdown in growth during the second quarter of 2025, following a strong start to the year. This deceleration raises concerns about the sustainability of the recovery and could impact consumer confidence and investment. Understanding these trends is crucial as they may influence future economic policies and the overall financial landscape.

The UK economy experienced a slowdown in growth during the second quarter of 2025, following a strong start to the year. This deceleration raises concerns about the sustainability of the recovery and could impact consumer confidence and investment. Understanding these trends is crucial as they may influence future economic policies and the overall financial landscape.

Frederique Carrier, head of investment strategy for RBC Wealth Management, recently discussed concerns regarding UK stock listings in an interview on Bloomberg's 'Daybreak Europe.' She highlighted that companies are worried about the discounts their stocks face when listed in the UK. This issue is significant as it could impact investor confidence and the attractiveness of the UK market for new listings, potentially influencing economic growth and investment strategies.

Frederique Carrier, head of investment strategy for RBC Wealth Management, recently discussed concerns regarding UK stock listings in an interview on Bloomberg's 'Daybreak Europe.' She highlighted that companies are worried about the discounts their stocks face when listed in the UK. This issue is significant as it could impact investor confidence and the attractiveness of the UK market for new listings, potentially influencing economic growth and investment strategies.

International Distribution Services is set to rebrand thousands of Collect+ stores as Royal Mail Shops, enhancing the convenience of collecting, sending, and returning parcels. This move not only strengthens the Royal Mail brand but also improves customer access to parcel services, which is crucial in today's fast-paced delivery market.

International Distribution Services is set to rebrand thousands of Collect+ stores as Royal Mail Shops, enhancing the convenience of collecting, sending, and returning parcels. This move not only strengthens the Royal Mail brand but also improves customer access to parcel services, which is crucial in today's fast-paced delivery market.

Investing and wealth growth in the USA is becoming increasingly accessible, thanks to a variety of tools and resources available to individuals. This guide highlights the importance of understanding investment strategies and managing portfolios effectively, which can lead to financial independence and security. As more people engage with investing, it not only benefits their personal finances but also contributes to the overall economic growth of the country.

African Pioneer has successfully secured a mining license for its copper project in Namibia, marking a significant step forward for the company and the local economy. This development is crucial as it not only opens up new opportunities for mining in the region but also promises to create jobs and stimulate economic growth. The project is expected to attract investment and enhance Namibia's position in the global copper market.

The Lindsey oil refinery in north Lincolnshire is set to lose about 125 jobs due to the collapse of its parent company, Prax Group. This news is concerning as it highlights the vulnerabilities in the energy sector, but there is a glimmer of hope with at least two bids to purchase and operate the refinery, potentially preserving jobs. The situation underscores the ongoing challenges in the UK economy and the importance of stability in the energy industry.

Tamboran Resources has successfully secured the final investment needed for its Beetaloo gas project, marking a significant milestone in the development of this energy initiative. This investment not only boosts the company's prospects but also highlights the growing interest in natural gas as a key energy source in Australia. The Beetaloo project is expected to create jobs and contribute to the local economy, making it an important development for the region.

Recent reports suggest that Switzerland and UBS may be nearing a compromise on capital rules, which could have significant implications for the banking sector. This development is important as it reflects a willingness to adapt regulations that could enhance financial stability while supporting economic growth. Stakeholders are watching closely, as a favorable outcome could bolster investor confidence and strengthen UBS's position in the global market.

iShares has announced the removal of the Turkey ETF's EUR trading line from Euronext Milan, a decision that could impact investors looking for exposure to Turkish markets. This move reflects ongoing challenges in the region and may lead to decreased liquidity for the ETF, making it harder for investors to trade. Understanding these changes is crucial for anyone involved in international investments.