Hunt considering energy windfall tax hike to 30pc
31st Oct 2022 07:47
(Sharecast News) - Energy firms could face windfall taxes as high as 30%, and an extension of its imposition by three years, according to fresh reports late on Sunday.
Read moreSector movers: Oil and Gas buoyed by speculation about changes in China Covid rules
20th Oct 2022 18:46
(Sharecast News) - Oil and Gas shares lent their heft to Thursday's gains, possibly on the back of a report that Beijing was mulling whether to ease Covid-19 rules.
Read moreBP snaps up Archaea Energy in $4.1bn deal
17th Oct 2022 12:19
(Sharecast News) - BP said on Monday that it has agreed to buy US renewable natural gas producer Archaea Energy in a $4.1bn deal.
Read moreJ.P. Morgan bullish on Energy, says Q3 favours Shell over BP
13th Oct 2022 12:57
(Sharecast News) - Analysts at J.P.Morgan reiterated their 'bullish' stance for Energy equities, highlighting the expected "pivotal" role that European Union oil majors would play in solving energy security.
Read moreWednesday preview: Truss speech, global services PMIs in focus
4th Oct 2022 10:49
(Sharecast News) - All eyes on Wednesday will be on the Prime Minister's speech at the Conservative Party conference.
Read moreSector movers: Telecoms, homebuilders pace gains
3rd Oct 2022 16:06
(Sharecast News) - Interest rate sensitive sectors were topped the leaderboard after the government walked back on a proposed tax cut for top earners.
Read moreOPEC+ mulling 1.0m barrel production cut
3rd Oct 2022 09:30
(Sharecast News) - Brent crude oil futures jumped at the start of the quarter amid reports that the Organisation of Petroleum Exporting Countries and its allies may cut their combined output by approximately 1.0m barrels a day.
Read moreDirectors deals: BP non-exec picks up some shares
30th Sep 2022 16:16
(Sharecast News) - Oil major BP disclosed that one of its non-executive directors had bought a large amount of shares on 30 September.
Read moreSector movers: Defensives knocking at technical resistance's door
20th Aug 2022 17:01
(Sharecast News) - Interest rate sensitive segments of the FTSE 3500 dragged the index lower at the end of the week, as investors digested a flurry of Fed speakers overnight whose overarching message appeared to be that interest rates would remain higher for longer, although there were slight variations as to just how high.
Read moreSunday newspaper round-up: Globalisation, Bank of England, Next
7th Aug 2022 15:32
(Sharecast News) - The Bank of England has blamed, not without reason, Vladimir Putin's murderous invasion of Ukraine and the attendant energy price shock for much of the current spike in prices. Yet any chief executive worthy of the job should be preparing against the risk of another shock, that brought on from Western disengagement from China. The price stability of the last 30 years was in large measure the result of the disinflation resulting from technology and globalisation. The West in effect traded its economic resilience for cheap prices and the supposed efficiencies of 'just-in-time' global supply chains. - The Sunday Telegraph
Read moreOPEC+ raises output quota ceiling for September by 100,000 barrels per day
3rd Aug 2022 16:22
(Sharecast News) - The Organisation for Petroleum Exporting Countries and its main allies, whom together are known as OPEC+, revised their combined output quotas for September higher but by far less than in the previous month.
Read moreBP second-quarter profit jumps as energy prices surge
2nd Aug 2022 07:14
(Sharecast News) - BP reported a jump in second-quarter profit on Tuesday as the oil giant benefited from surging energy prices.
Read moreTuesday preview: Fed speak, BP in focus
1st Aug 2022 14:05
(Sharecast News) - Financial markets' focus on Tuesday is likely to be on speeches from the heads of the Federal Reserve banks of Chicago and St.Louis at 1500 BST and 2345 BST, respectively.
Read moreSector movers: Commodity names slip after weak Asian PMIs
1st Aug 2022 11:09
(Sharecast News) - Oil and Gas, as well as Industrial Metals names were under pressure at the start of the month following the release of weaker-than-expected readings on Chinese manufacturing during the month of July.
Read moreMonday newspaper round-up: BT Group, Business rates, Small business
1st Aug 2022 07:09
(Sharecast News) - Thousands of BT and Openreach workers will go on strike again on Monday in a dispute over pay. Members of the Communication Workers Union (CWU), including call centre workers and engineers, will hold a 24-hour strike, after similar action on Friday. The union will mount picket lines outside company offices across the UK and is asking people to bring food, which it will deliver to local food banks. - Guardian
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