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M&S in new phase of store closures

M&S in new phase of store closures

Business
Marks & Spencer is implementing the latest round of its store closure programme this weekend as it battles to improve its fortunes. Seven more of the retailer's clothing shops will be shutting their doors for the last time on Saturday.The latest closures are in Falkirk, Kettering, Newmarket, New Mersey Speke, Northampton, Stockton and Walsall.In all, M&S plans to close 100 shops by 2022, as announced in May. It says the turnaround is "vital" for its future.Profits at Marks & Spencer fell by almost two-thirds to £176.4m last year, following a costly business overhaul. M&S warns more stores could close M&S 'should look at Amazon tie-up' M&S has said the vast majority of the staff working in the stores ...
Mozambique ready for next LNG phase

Mozambique ready for next LNG phase

Business
July 9 (UPI) -- Liquefied natural gas will start processing from a field off the coast of Mozambique by 2024 now that the government has the development plans, partners said. Exxon Mobil and Italian energy company Eni lead the Rovuma liquefied natural gas joint venture in Mozambique. The partners said Monday the government now has the development plans for the first phase of the project that will draw natural gas from the Mamba fields off the country's coast. Each train, the part of the facility that would convert gas to the super-cooled liquid form, could process as much as 55 million barrels of oil equivalent per day. "The size of the project makes it not only an important investment in the country, but also supports economic growth and opens new opportunities for Mozambicans," Stefano...