Thursday newspaper round-up: SABMiller, British Airways, Cairn Energy
7th Oct 2010 06:26
SABMiller is in talks to swallow one of Africa's biggest brewers in a deal worth more than £6 billion.The Times understands that the owner of Grolsch and Peroni Nastro Azzurro is running the rule over the African beer operations of Groupe Castel. British Airways' four million frequent fliers will e
Read moreWednesday tips round-up: BP, TUI Travel, Ferrexpo...
6th Oct 2010 06:45
Last week, Bob Dudley, BP's new chief executive, hinted that the company's dividend may be restarted this year. BP suspended its dividend in June for the first time in 18 years as the fallout from the Macondo oil well accelerated. If the dividend is reinstated at the lower level expected by the ma
Read moreAMEC picked for BP onshore contract
5th Oct 2010 07:05
BP has chosen AMEC to provide engineering and project management services (EPMS) for its onshore facilities developments around the world, two years after it handed it the deal for offshore projects. AMEC is one of two companies selected by oil giant BP for this long term agreement which runs for f
Read moreLondon close: Footsie fightback loses momentum
4th Oct 2010 16:48
Footsie enjoyed a brief incursion into positive territory in mid-afternoon trading, but was driven back into the red in line with weakness on Wall Street. Here, oil stocks were a major drag on the index with BP, Cairn Energy and Royal Dutch Shell all headed south. Plumbers' merchant Wolseley mov
Read moreLondon afternoon: Footsie treading water
4th Oct 2010 14:31
Footsie threatened to move back into positive territory over the lunch time session but just fell short. Oil stocks remains a major drag on the index with BP, Cairn Energy and Royal Dutch Shell all heading south. The morning's biggest faller, satellite operator Inmarsat , is now showing a small
Read moreFTSE 100 movers: Aviva boosted by break-up talk
4th Oct 2010 13:22
There were reports in this morning's papers that RSA, Resolution, Switzerland's Zurich Financial Services and Germany's Allianz considered a multibillion-pound break-up bid for insurer Aviva. Credit Suisse has commenced coverage of building supplies group Wolseley with an outperform recommendation
Read moreLondon midday: Inmarsat hit by stake sale talk
4th Oct 2010 12:02
Resource stocks remain a drag on the Footsie which ended the morning in arrears after a moderately firm start. BP, Cairn Energy and Melrose Resources are among the big hitters in the oil sector nursing losses, while in the mining sector Xstrata, Lonmin and Antofagasta are under the cosh. Anglo-Swi
Read moreLondon close: Strong start to final quarter
1st Oct 2010 16:41
The last quarter of 2010 started well for London's leading share index, with buoyancy in the oil sector helping to offset continuing economic worries at home and abroad. Manufacturing data was subdued. Footsie gave up some of its early gains after figures from the US showed Manufacturing grew at th
Read moreSector movers: Oil giants advance
1st Oct 2010 15:33
Oil stocks are in the spotlight on an otherwise quiet Friday. BP is higher amid speculation that dividends will soon be resumed. Bob Dudley, who becomes chief executive of the oil company today, said that the board would meet soon to discuss restoring payouts next year, according to newspaper repor
Read moreLondon afternoon: Footsie back above 5600
1st Oct 2010 14:56
The afternoon session has seen the Footsie advance confidently, almost regaining its high for the day which was hit shortly after 10:00am. A solid start by Wall Street on the back of better than expected spending data has helped sentiment this side of the pond. Oil giant BP is higher amid speculat
Read moreFTSE 100 movers: Brazilian optimism for BG
1st Oct 2010 13:40
BG is higher after its Spanish peer Repsol announced a deal with the Chinese refiner Sinopec, which will result in Sinopec holding a 40% stake in Repsol's Brazilian unit. BG and Repsol have been exploring for oil in the waters of Brazil in partnership and the deal is thought likely to be beneficia
Read moreLondon midday: Stocks advance despite economic worries
1st Oct 2010 12:23
London's leading share index remains in positive territory, but worries over the European debt situation have weighed on sentiment slightly. The concerns centre on Ireland again, after figures showed manufacturing activity in the country contracted in September, with the purchasing managers' index
Read moreBP spill cost breaks $11bn
1st Oct 2010 10:43
BP has spent $11.2bn (£7.1bn) cleaning up this summer's oil spill in the Gulf of Mexico, capping the broken well and compensating those affected by the disaster. On the day that American Bob Dudley takes over from Tony Hayward as chief executive, the oil giant said it has settled 44,000 of the 86,0
Read moreLondon open: Oil stocks lift Footsie
1st Oct 2010 09:13
Shares have got off to a strong start on the first day of the last quarter, with oil stocks setting the pace. BP is higher amid speculation that dividends will soon be resumed. Bob Dudley, who becomes chief executive of the oil company today, said that the board would meet soon to discuss restoring
Read moreBP boss predicts divi early 2011
1st Oct 2010 08:04
BP may resume dividend payments early next year, according to new chief executive Bob Dudley. The American, who takes over from gaff-prone Tony Hayward today, said company bosses would be getting together soon to talk about plans for payouts, stopped earlier this year to save money following the Gu
Read more