UK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 12:33
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1133 GMT [Dow Jones] While BP (BP.LN) is a fundamentally strong company that can handle the effect of the oil leak in the Gul
Read moreTotal UK: Fined GBP3.6 Million For UK Buncefield Disaster
16th Jul 2010 12:31
By Lananh Nguyen Of Dow Jones Newswires LONDON (Dow Jones)--Total UK, the refining and marketing subsidiary of Total SA (TOT), Friday said it was fined GBP3.6 million for failing to prevent a huge fire its Buncefield oil storage depot in Dec. 2005. The fire at the Buncefield depot--the l
Read moreBEFORE THE BELL: US Stock Futures Higher As GE, BAC Top Estimates
16th Jul 2010 12:16
By Steve Goldstein U.S. stock futures edged into positive territory Friday, as relief over Goldman Sachs and BP PLC (BP) liabilities and stronger-than-forecast General Electric earnings were partly checked by worries over the economy as well as Google's dimmer-than-hoped earnings growth. Fu
Read moreLondon midday: Good day in light trading
16th Jul 2010 12:16
London's blue chips are having a good day, largely on the back of BP shares' enthusiastic response to the better news coming out of the Gulf of Mexico. BP yesterday succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "
Read moreUPDATE:Angola Plans To Export At Least 45 Crude Cargoes In Sept
16th Jul 2010 12:10
(Adds force majeure at Girassol, maintenance at Plutonio, table) By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Angola plans to export at least 45 cargoes of crude oil for September loading, traders who had seen provisional loading programs said Friday. The country plans to
Read moreBEFORE THE BELL: US Stock Futures Higher As GE Profits Climb
16th Jul 2010 11:51
By Steve Goldstein U.S. stock futures edged into positive territory Friday, as relief over Goldman Sachs and BP PLC (BP) liabilities and stronger-than-forecast General Electric earnings were partly checked by worries over the economy as well as Google's dimmer-than-hoped earnings growth. Fu
Read moreBEFORE THE BELL -2: US HOT STOCKS TO WATCH
16th Jul 2010 11:07
Among the companies whose shares are expected to actively trade in Friday's session are Goldman Sachs Group Inc. (GS), Google Inc. (GOOG) and Advanced Micro Devices Inc. (AMD). Goldman's shares climbed 4.9% to $152.26 in late trading, adding to a 4.4% gain before the end of Thursday's trading s
Read moreBEFORE THE BELL: US Stock Futures Eder Up After Google Miss
16th Jul 2010 11:07
By Steve Goldstein U.S. stock futures traded in a tight range Friday, as relief over Goldman Sachs and BP liabilities is checked by worries over the economy as well as Google's dimmer-than-hoped earnings growth. Ahead of key reports from General Electric Co. (GE), Citigroup Inc. (C) and Ban
Read moreAT A GLANCE: BP Shares Climb After Oil Stops Spilling Into Gulf
16th Jul 2010 09:45
THE LATEST: BP PLC's (BP) shares climbed as much as much as 6% Friday morning after the company late Thursday stopped oil from flowing into the Gulf of Mexico for the first time in nearly three months. BP placed a new containment cap on the blown-out well around 1925 GMT, and is now testing inte
Read moreLondon open: BP leads market higher
16th Jul 2010 08:51
London's top stocks have opened higher as BP again leads the way on optimism over its efforts to cap the well in the Gulf of Mexico. BP yesterday succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to
Read moreMARKET TALK: BP Soars As Oil Stops Leaking
16th Jul 2010 08:15
0715 GMT [Dow Jones] BP (BP) shares +5.5% at 423.75p after the company said it has managed to seal off its Gulf of Mexico leak for the first time since April and amid talk that Apache Corp (APA) is interested in BP's Alaskan business. A trader sees the shares going to 500p, with the stock as a "cash
Read moreLondon pre-open: Gains ahead
16th Jul 2010 07:32
London's top stocks look set to open slightly higher, with traders expecting Footsie to add about 15 points early on. Talks to sell Candover to a Candian pension fund have collapsed, leaving the future of the struggling private equity group even more uncertain. Alberta Investment Management approac
Read moreObama says BP's problems have not ended
16th Jul 2010 07:04
President Obama says that BP's apparently successful attempt to cap its leak in the Gulf of Mexico is good news but it is not the end of its problems. Obama says a permanent solution is needed before it is certain that the leak has been ended and all the oil is being captured. This involves the dr
Read moreFriday newspaper round-up: Goldman Sachs, BP, Sage
16th Jul 2010 06:39
Goldman Sachs has agreed to pay $550 million to settle charges that the Wall Street bank tricked investors into buying a toxic mortgage product during the housing boom. The payout includes $100 million to Royal Bank of Scotland, the Times reports. As part of the settlement, Goldman acknowledged tha
Read moreBP: Gulf Well Test Indicates Well Is Sound, Reservoir Depleted
16th Jul 2010 00:58
By Cassandra Sweet Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)--BP PLC (BP, BP.LN) said Friday that preliminary test results indicate that a new cap on the broken oil well in the Gulf of Mexico is keeping the oil underground in a reservoir that was probably depleted more than initially
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