Finance News – Oil Refinery
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Oil refinery to shut after no buyer found
The closure of the Lincolnshire oil processing facility highlights potential economic impacts due to the lack of interested investors seeking to acquire the site and continue its o...
Read Full Article →Lenders to ailing oil refinery's petrol forecourts arm plot sale
Financial institutions involved with the petrol retail division connected to the struggling oil refinery have engaged advisors in preparation for the upcoming disposal of the busin...
Read Full Article →Prax Lindsey oil refinery owners urged to ‘do decent thing’ for workers
The potential financial impact on employees is significant as the government appeals to the refinery’s owners to provide assistance while efforts continue to secure a new buyer for...
Read Full Article →Two-week deadline set to find buyer for ailing Lindsey oil refinery
Authorities have established a 14-day timeframe to secure a purchaser for the struggling Lindsey oil refinery as concerns increase regarding its long-term operational and economic...
Read Full Article →Owners of collapsed oil refinery Prax Lindsey took £11.5m in pay and dividends
The owners of the insolvent oil refinery received substantial earnings through salaries and dividends prior to its failure, raising concerns about their financial responsibility to...
Read Full Article →Lindsey oil refinery owner Prax falls into administration as ministers urged to intervene
The collapse of the Lindsey oil refinery’s owner has significant economic implications, threatening nearly ten percent of the nation’s fuel production capacity and causing uncertai...
Read Full Article →UK economic growth confirmed at 0.7% in first quarter; Lincolnshire oil refinery calls in administra...
The confirmation of steady economic expansion alongside improvements in mortgage approvals suggests growing consumer confidence, which may support housing market activity and signa...
Read Full Article →Lower electricity prices for industry are crucial, but the government’s plan lacks details
Reducing electricity expenses is essential for UK industry’s competitiveness, but the government's current proposal offers limited concrete measures to effectively address the high...
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