Petrofac administrators eye North Sea sale by Christmas

Petrofac administrators eye North Sea sale by Christmas

Administrators to Petrofac, the collapsed oilfield services company, are racing to secure a sale of its North Sea operations by Christmas – a move which could save thousands of British jobs. Sky News understands that Teneo, which is handling Petrofac’s insolvency, received a handful of bids for its profitable UK business late last week. City…

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Man charged over allegedly assisting Manchester synagogue attacker with reconnaissance of defence facility

Derby police evacuate around 200 homes as men arrested on suspicion of explosives offences

A man has been charged with four terrorism offences following allegations that he assisted Manchester synagogue attacker Jihad al Shamie with earlier reconnaissance of a UK defence facility, the Crown Prosecution Service (CPS) said. Mohammad Bashir, 31, will appear at Westminster Magistrates’ Court on Friday. The CPS said the assistance provided was not in relation…

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City watchdog rules out market abuse probe into Rachel Reeves

City watchdog rules out market abuse probe into Rachel Reeves

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The City watchdog has dismissed Conservative requests for a market abuse probe into Rachel Reeves over claims the UK chancellor gave misleading information about the public finances ahead of last week’s Budget. Nikhil Rathi, head…

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Police to ramp up use of ‘out-of-control’ facial recognition technology amid privacy warnings

Police to ramp up use of ‘out-of-control’ facial recognition technology amid privacy warnings

The use of controversial facial recognition technology will be ramped up by police under government plans. Ministers are launching a 10-week consultation asking for views on how the tech should be regulated to protect people’s privacy. The government also plans to create a new regulator overseeing facial recognition, as well as biometrics and other tools.…

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Energy grid £28bn upgrade to add £108 to household bills

Energy grid £28bn upgrade to add £108 to household bills

The energy regulator has confirmed plans for a massive upgrade to the UK’s energy grids, adding £108 to customer bills by 2031. Ofgem said on Thursday that the £28bn investment over the next five years would bolster resilience in the transition to a renewable energy future and that much of the bill would be offset…

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