‘The bubble had to burst’: the inside story of the Lindsey oil refinery collapse

Prax Group’s sudden demise surprised some, but others saw ‘a house of cards’ built on a thirst for debt-fuelled growthIt was mid-April and the government had just finished nationalising British Steel, to prevent thousands of job losses at the Scunthorpe steelworks, when word reached Whitehall that another national infrastructure asset was wobbling.Prax Group, owner of the Lindsey oil refinery on the Humber estuary in northern England, was rumoured to be in financial trouble, stoking fears about jobs and disruption to critical fuel supplies. Continue reading...

Comments

Business News

Average UK house prices flattened out month-on-month in June – Halifax

Independent

He lost half his vision to glaucoma. Now he's using AI to help spot disease — but he says tech will never replace doctors.

about 8 hours ago

As a kid, I wanted to be as American as possible. Now, I want to be more Chinese.

insider

Comments

Business News

Average UK house prices flattened out month-on-month in June – Halifax

Asian shares mostly down as Trump’s tariff deadline looms and pressure steps up

Business news live: Stock markets set for volatility with end of Trump’s tariff pause near

Trump calls Musk a 'train wreck' and dismisses the idea of a third political party

What Time Does NFL Docuseries ‘Quarterback’ Season 2 Begin On Netflix?

How Dior’s Women At Dior Initiative Is Supporting Young Female Talent

'Miracle' hair oil transforms 'straw-like' locks in just one use now 20% off

Why Did Cierra Ortega Leave ‘Love Island USA’ Season 7? Controversy Explained

Cody Bellinger Makes Another Imprint In The Subway Series, This Time With His Glove

Helping Visually Impaired Youths Among Ways Tampa Bay Pitcher Ryan Pepiot Enjoys Giving Back

Texas Flood Live Updates: At Least 80 Dead And Dozens Still Remain Missing

Trump threatens extra 10% tariff on nations that side with Brics

Can Taiwan Really Disconnect Its Economy From China?

Take away government's control of redress schemes, say victims of Post Office scandal

Struggling Nationals Fire Manager Dave Martinez, GM Mike Rizzo

How To Vote During ‘Love Island USA’ Season 7 — And When Voting Opens And Closes

Financial service businesses to ramp up pace of job losses

He lost half his vision to glaucoma. Now he's using AI to help spot disease &mdash; but he says tech will never replace doctors.

As a kid, I wanted to be as American as possible. Now, I want to be more Chinese.

Grandparents ‘feeling the pinch from caring for grandchildren this summer’

National Wealth Fund to put £28m into carbon capture project

Financial firms expect job cuts to rise rapidly in months ahead, survey finds

Home ‘flipping’ hotspots where properties are re-sold within months revealed

Consumer confidence rising as summer holiday season begins

Our Place founder warns supermarket dupes will ’cause businesses to fail’

Today’s ‘Wordle’ #1479 Hints, Clues And Answer For Monday, July 7th

Post Office scandal victim: 'I need someone to be punished'

Post Office Horizon scandal: Why hundreds were wrongly prosecuted

How tariffs are shifting global supply chains

Trump hits out at Musk over plan to form new political party

How Trump's tariff chaos could reshape Asia's businesses

Our Place founder warns supermarket dupes will ’cause businesses to fail’

National Wealth Fund to put £28m into carbon capture project

Consumer confidence rising as summer holiday season begins

Financial firms expect job cuts to rise rapidly in months ahead, survey finds

Home ‘flipping’ hotspots where properties are re-sold within months revealed

Grandparents ‘feeling the pinch from caring for grandchildren this summer’

From the Texas floods to the LA fires, consumer drones keep getting in the way of rescue operations

Responding To Increased Threats, High Security Travel Embraces Hi-Tech

Today’s NYT Mini Crossword Clues And Answers For Monday, July 7th

Should ‘Death Stranding 2: On The Beach’ Include Content Warnings?

Amazon Lists Early Prime Day Streaming Service Subscription Deals

Over 5,000 Flights Delayed With Chicago, Washington DC Facing Snarls As Americans Travel Home From Holiday Weekend

Bessent Says He Expects Trade Deals by This Week’s Deadline

M&S hunts growth with family-sized products

Independent distilleries 'threatened' by costs hike

ALEX BRUMMER: The folly of Labour wealth taxes

A year of Labour - how has Rachel Reeves fared with our finances? This is Money podcast

Estêvão Shows His Quality Against New Premier League Teammates

‘Jurassic World Rebirth’ Dominates Box Office With $318 Million Holiday Weekend—But Still Lags Previous Installments

Detroit Tigers’ Trio Leads Prospect-Packed 2025 All-Star Futures Game

TikTok building new version of app ahead of expected US sale: report

White Stuff's 'cool and comfy' linen trousers shoppers buy 'in three colours'

Wimbledon 2025: The Best Dressed Players At The All England Club

Oil Market Heading For Surplus In 2025 On Latest OPEC+ Output Hike

Faith Kipyegon And Beatrice Chebet Break World Records At The 50th Prefontaine Classic

Monetary Innovation And The Blockchain Can Solve Our Debt Crisis

Live-Action ‘How To Train Your Dragon’ Gets Streaming Date, Report Says

Bessent Says He Expects Trade Deals by This Week’s Deadline

Crew abandons ship attacked in the Red Sea, UK military says

He lost half his vision to glaucoma. Now he's using AI to help spot disease — but he says tech will never replace doctors.