McDermott and CB&I merging in $4billion combination


Houston energy engineering and construction companies McDermott International and CB&I are combining into a company with a $4 billion Wall Street value and an emphasis on both onshore and offshore projects.

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‘Flat’ start to 2016 for manufacturers, says CBI


Manufacturers are having a “flat” start to the year, with only limited signs of a recovery in exports, new research has shown. The CBI said production and orders showed signs of stabilising in the last three months, but business optimism has fallen.

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Oil and gas helps accelerate UK growth


Improved North Sea oil and gas production helped the UK economy grow in the three months to July, but the strength of the pound remained a drag on exporters, according to a survey.