UK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 09:55
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] 0855 GMT [Dow Jones] It makes sense for BP (BP) to sell its Alaska assets to Apache (APA), says NCB Stockbrokers analyst Pete
Read moreLondon open: Steady start for blue chips
13th Jul 2010 08:51
Footsie has made a healthy start with another good news day for BP helping the oil giant recover further. BP shares are up another 4% so far this morning on hopes it is near to stemming the flow of oil spilling into the Gulf of Mexico. A new 75-tonne steel cap was lowered over the damaged well lat
Read moreMARKET TALK: AMEC Well-Placed For Azerbaijan Deal - Shore
13th Jul 2010 07:56
0656 GMT [Dow Jones] AMEC (AMEC.LN) is well placed to deliver a strong performance in the Azerbaijan region, after announcing a five-year deal with BP (BP.LN) to provide project management, engineering and construction management services in the region, says Shore Capital. AMEC has worked with BP i
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 07:56
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] 0656 GMT [Dow Jones] AMEC (AMEC.LN) is well placed to deliver a strong performance in the Azerbaijan region, after announcin
Read moreLondon pre-open: Modestly firmer start expected
13th Jul 2010 07:42
A modestly firmer opening is in prospect for Footsie with little in the way of major corporate news to generate trading interest. Dealers expect the FTSE 100 index will open around 12 points higher at 5,179. Underlying revenue at luxury goods maker Burberry was up 24% in the May to June quarter. Un
Read moreSpill Costs To Cut BP Tax Bill By $10 Bln Over 4 Years-Report
13th Jul 2010 07:27
LONDON (Dow Jones)--BP PLC (BP) is forecast to pay about $10 billion less tax over the next four years as it meets the costs of its huge oil spill in the Gulf of Mexico, the Financial Times reported Tuesday, citing analysts. The shortfall, representing a drop of more than a quarter in BP's tax p
Read moreBP installs new cap on leaking well
13th Jul 2010 07:24
Hopes are rising BP is near to stemming the flow of oil spilling into the Gulf of Mexico after a new 75-tonne steel cap was lowered over the damaged well late last night. Reports suggested that for a brief period shortly after the new cap was installed oil stopped leaking from the Macondo well, tho
Read moreAmec Gets 5-Year Project From BP Azerbaijan, $340M Chirag Oil Project
13th Jul 2010 07:08
LONDON (Dow Jones)--Amec PLC (AMEC.LN), the international engineering and project management company, as part of the Amec Tekfen Azfen, or ATA, consortium, said Tuesday it has been awarded a five-year Master Services Agreement by BP Azerbaijan, including the Chirag Oil Project - West Chirag project
Read moreTuesday newspaper round-up: Banks, BP, GlaxoSmithKline
13th Jul 2010 06:35
The Government is considering introducing taxes on banks' pay and profits ? on top of the £2bn funding levy announced in the Budget. Mark Hoban, Financial Secretary to the Treasury, revealed the plan at a dinner for the country's most senior bankers at the Mansion House last night. He said that ba
Read moreUPDATE: BP Places New Cap On Leaking Oil Well, Prepares Testing
13th Jul 2010 02:48
(Updates with additional details and background) By Cassandra Sweet and Susan Daker Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Monday that it has successfully installed a new sealing cap as part of efforts to stop oil from gushing out of a broken well in the Gulf of Mexico. The c
Read moreBP: New Cap On Leaking Oil Well In Place
13th Jul 2010 01:59
By Cassandra Sweet Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Monday that it has successfully installed a new sealing cap as part of efforts to stop oil from gushing out of a broken well in the Gulf of Mexico. The cap was installed at about 7 p.m. central time (0000 GMT), the company
Read moreBP: Still Working To Place Cap Over Leaking Well
13th Jul 2010 01:31
By Cassandra Sweet Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)--BP PLC (BP, BP.LN) said late Monday that it was still working to place a new cap over a leaking oil well in the Gulf of Mexico, with hopes that it would complete the task by the end of the day. Agence France-Presse repo
Read moreBP: Collects 4,090 Barrels Of Oil, Flares 3,885 Barrels In Gulf Tue
13th Jul 2010 00:48
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said late Tuesday that it has not yet started testing a sealing cap the company placed over a leaking well in the Gulf of Mexico, but that the company collected 4,090 barrels of oil and flared, or burned, 3,885 barrels of oil earlier in the day. The U.
Read more2nd UPDATE:Interior Department Issues New Deepwater-Drilling Moratorium
12th Jul 2010 23:18
(Updates with reaction; more details on ban.) By Siobhan Hughes and Stephen Power WASHINGTON (Dow Jones)--The Obama administration on Monday issued a new moratorium on most deepwater-drilling activities, trying again with a policy that has already been invalidated by federal courts and deal
Read moreUPDATE:Interior Department Issues New Deepwater-Drilling Moratorium
12th Jul 2010 23:02
(Updates with reaction; more details on ban.) By Siobhan Hughes and Stephen Power WASHINGTON (Dow Jones)--The Obama administration on Monday issued a new moratorium on most deepwater-drilling activities, trying again with a policy that has already been invalidated by federal courts and dea
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