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UK's EnQuest narrows output forecast after Magnus outage despite profit rebound

Published on: Sep 03, 2026 11:35

By Ankita Bora Sept 3 (Reuters) - Britain's EnQuest narrowed its annual output forecast towards the lower end on Thursday blaming a five-week outage at its Magnus field, even as the North Sea-focused oil producer swung back to half-year profit. The company tightened its expected 2026 production to 41,000 to 43,000 barrels of oil equivalent per day, from an earlier 41,000 to 45,000. First-half output rose 9% to 41,544 boepd. EnQuest's shares were down 5% at 26 pence by 1131 GMT.

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Pabst Offers Hefty Reward on Missing Beer: 'We Want It Back'

Published on: Sep 03, 2026 11:35

Pabst Blue Ribbon wants its beer back, and it's offering a reward to help that happen. Greig DeBow, the CEO of Pabst Brewing Co., said on Wednesday that the company will pay...

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Broadcomโ€™s $230 Billion Roadmap Rewrites The Valuation (NASDAQ:AVGO)

Published on: Sep 03, 2026 11:31

Broadcom expects AI semiconductor revenue to surge from $58 billion in FY2026 to approximately $230 billion by FY2028. Read more on AVGO stock here.

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Yen soars as Bank of Japan tipped to raise interest rates

Published on: Sep 03, 2026 11:30

Jump lifts currency to highest level against dollar in a month, while global markets remain jittery

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NI employers named for failing to pay staff minimum wage

Published on: Sep 03, 2026 11:29

Across the UK, more than 600 employers were ordered to pay affected workers the outstanding wages, with ยฃ4m returned to workers.

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NI employers named for failing to pay staff minimum wage

Published on: Sep 03, 2026 11:29

Across the UK, more than 600 employers were ordered to pay affected workers the outstanding wages, with ยฃ4m returned to workers.

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โ€˜Not normal behaviorโ€™: De Nederlandsche Bank reallocates gold from U.S.

Published on: Sep 03, 2026 11:29

The move to improve liquidity of gold is โ€œnot normal behavior,โ€ said UBSโ€™s Paul Donovan.

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Two Stoke-on-Trent shops shut down

Published on: Sep 03, 2026 11:29

It follows council stings

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Water districts may opt out of joint ventures with concessionaires - OGCC

Published on: Sep 03, 2026 11:28

Water districts that want to opt out of their joint venture agreements with private water concessionaires may seek the help of the Office of the Government Corp