North Sea drilling: Premier is seeking to acquire Eon’s interests in an  oil and gas basin that is one of the most expensive places to pump crude in the world. Photograph: Danny Lawson/PA Wire

Premier Oil is in talks to acquire the UK North Sea assets of German utility Eon. Eon, which operates the Huntington field, has production interests (...)

Edinburgh city centre. “Quite clearly the Scottish economy is diverging from the rest of the UK,” said Professor Brian Ashcroft of the University of Strathclyde’s Fraser of Allander Institute. “It’s largely driven by the low price of oil.”

The slump in the oil price and woes in manufacturing saw Scotland’s economy grow at just a quarter of the rate of the UK as a whole in the third quart(...)

Aidan Heavey, chief executive Tullow Oil.

Davy has forecast Brent oil will average $55/barrel in 2016 and said the revision would “adversely affect” the balance sheets of Premier Oil (...)

Premier Oil reported a net loss of $375.2 million for the first half compared with a profit of $172.7 million a year earlier.

Premier Oil will cut spending on exploration and development next year by more than 50 per cent in preparation for sustained weakness in commodity pri(...)

Intel: results on Thursday
For your diary

TODAY Results: Alcoa. Indicators: Irish trade balance (Nov); US labour market conditions index (Dec). Other: Taylor Wimpey trading update. (...)

Want to know how someone goes from selling falafels at festivals to running their own rave-reviewed hipster eaterie? Then pop along to Trinity’s Scien(...)

Aer Lingus had its busiest trading day in five years as its share price closed out the session up 4.8% to €1.37. Photograph: Matt Kavanagh/The Irish Times

Global stocks fell and treasuries extended gains as escalating tensions in Ukraine outweighed optimism on ECB stimulus. The crisis in Ukraine deepene(...)

Out Thursday: figures for Irish goods exports and imports
For your diary

TODAYResults: American Airlines; Suedzucker.Indicators: Ulster Bank construction PMI (Dec); Japanese bank lending (Dec).Other: US monthly budget state(...)

 Royal Bank of Scotland and Barclays declined at least 1.5 per cent each. Photograph: PA Wire

Stock markets paused for breath yesterday, with stocks led down by weakness in the banking sector as detail emerged of stress tests to be led by the E(...)

A logo is seen on a window outside of the Nasdaq MarketSite building in New York’s Times Square yesterday. Photograph: Lucas Jackson/Reuters

Global equity markets gained and bond prices fell yesterday after business surveys from around the world revealed a global economy in expansion, helpi(...)