UK MARKET TALK ROUNDUP: SHARES GAINING
7th Jul 2010 13:15
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1215 GMT [Dow Jones] There's considerable potential for resource rich countries, with vast sovereign wealth, like Libya, K
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
7th Jul 2010 12:46
1022 GMT [Dow Jones] 2H'10 is likely to be a bumper six months for the E&P sector, given the relative dearth in 1H, says UBS. All European E&Ps in its coverage universe are drilling important prospects in 2H, UBS notes. It says M&A is showing signs of returning with vigour, noting Afren's (AFR.LN) a
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 12:46
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] 1145 GMT [Dow Jones] Exane BNP Paribas cuts its BP (BP.LN) price target by 35% to 450p as it incorporates Macondo spill costs
Read moreMARKET TALK: Exane BNP Cuts BP Price Target
7th Jul 2010 12:45
1145 GMT [Dow Jones] Exane BNP Paribas cuts its BP (BP.LN) price target by 35% to 450p as it incorporates Macondo spill costs into its forecasts. The most likely of its forecasts to be realized leads to EPS downgrades of 47% for '10 and 24% by '13, cumulating in $46.7B of Macondo-related costs. Exan
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like for like sal
Read moreBP: Has Not Agreed To Inform US Of Major Transactions
7th Jul 2010 11:57
LONDON (Dow Jones)--BP PLC (BP) hasn't agreed to demands that it notify the U.S. Department of Justice at least 30 days ahead of any significant financial or asset transactions, a spokesman said Wednesday. The oil giant has received letter from the Department of Justice making this demand, but h
Read moreJapan Government: Mitsui Oil Exploration Got BP Bill For Spill
7th Jul 2010 11:53
TOKYO (Dow Jones)---A senior Japanese government official confirmed Wednesday that Mitsui Oil Exploration Co. received an invoice in early June from BP PLC (BP) asking it to pay about Y10 billion as part of the cost to deal with the oil spill in the U.S. Gulf of Mexico. Mitsui Oil Exploration, a
Read moreN AMERICAN MORNING BRIEFING: Stocks Seen Down, Sentiment Poor
7th Jul 2010 11:35
DJIA Futures 9630.5 -53.5 -0.6% S&P 500 Futures 1018.0 -6.2 -0.6% Nasdaq Futures 1725.1 -9.4 -0.5% Above are as of 0615 ET FTSE 100 4908.8 -56.2 -1.1% Xetra DAX 5866.0 -75.0 -1.3% CAC40 3370.2 -53.2 -1.6% Above are as of 0
Read more2ndUPDATE:BP CEO Happy To See Abu Dhabi Buy 10% Stake - Source
7th Jul 2010 11:28
(Recasts lede, adds share price.) By Nour Malas Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--BP PLC's (BP.LN) chief executive Tony Hayward met this week with Abu Dhabi's powerful Crown Prince Mohammed bin Zayed Al Nahyan and would be happy to see the oil-rich sheikdom buy a stake of up
Read moreUPDATE:BP CEO Meets Abu Dhabi Crown Prince;Willing To Sell 10%-Source
7th Jul 2010 10:54
(Adds background, share price move.) By Nour Malas Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--BP PLC's (BP.LN) chief executive Tony Hayward met this week with Abu Dhabi's powerful Crown Prince Mohammed bin Zayed Al Nahyan and would be happy to sell the oil-rich sheikdom a 10% stake in
Read moreBP CEO Meets Abu Dhabi Crown Prince; Willing To Sell 10% -Source
7th Jul 2010 10:37
DUBAI (Zawya Dow Jones)--BP PLC's (BP.LN) chief executive Tony Hayward met this week with Abu Dhabi's powerful Crown Prince Mohammed bin Zayed Al Nahyan and would be happy to sell the oil-rich sheikdom a 10% stake in the U.K. oil giant that's struggling to cap an oil spill disaster in the Gulf of Me
Read moreINTERVIEW: Aveva: Gulf Spill Safety Concerns To Boost Demand
7th Jul 2010 10:05
By Tommy Stubbington Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Engineering software company Aveva Group PLC (AVV.LN) said Wednesday that safety concerns following the Gulf of Mexico oil spill will likely increase demand for its products in the oil and gas sector, particularly its Aveva Net
Read moreUPDATE: BP CEO Tony Hayward In Abu Dhabi On Private Visit
7th Jul 2010 09:28
(Adds more details, updates share price.) DUBAI (Zawya Dow Jones)--BP PLC's (BP.LN) embattled chief executive Tony Hayward is in Abu Dhabi on July 7 amid ongoing speculation that the U.K. oil major is seeking the support of a Middle East investor to prevent a hostile takeover. A person fami
Read moreBP in Abu Dhabi talks
7th Jul 2010 09:20
BP chief executive Tony Hayward has met with Abu Dhabi crown prince Mohammed bin Zayed Al Nahyan and he is reported as saying that he would be comfortable with Abu Dhabi taking a stake of up to 10% in the oil giant. BP needs to find a way to finance its liabilities following the Deepwater Horizon
Read moreLondon open: Blue chips head lower
7th Jul 2010 08:45
London's blue chips have retreated after the surge yesterday with a cautious update from Marks & Spencer dampening the mood. The High Street bellwether reported a 3.6% rise in UK like-for-like sales in the first quarter but is cautious about the outlook for consumer confidence and spending. Like fo
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