London open: Banking stocks buoy markets early on
13th Jan 2014 08:21
- Markets still digesting US jobs data - Banks rise as Basel eases leverage-ratio rules - AMEC offers 1.9bn pounds for Foster Wheeler techMARK 2,799.90 -0.07% FTSE 100 6,753.20 +0.20% FTSE 250 16,223.65 +0.20% UK markets opened higher on Monday morning though gains were only slight as investors co
Read morePetrofac's IES chief to leave for US-listed Kosmos Energy
13th Jan 2014 08:03
Andy Inglis, the Chief Executive Officer (CEO) of Petrofac's Integrated Energy Services (IES) division, is to step down from the company at the end of February. Inglis, who joined the oilfield services firm in January 2011 after having spent 30 years at BP, is to leave for Dallas, Texas, where he h
Read moreSunday newspaper roundup: Morrisons, BP, Premier Foods
12th Jan 2014 16:05
Morrisons aims to return up to 800m pounds to investors by selling real estate, the Sunday Times said. The supermarket chain's property holdings are worth 9bn pounds and it owns 90 per cent of the portfolio. Big shareholders think Morrisons could cut its freehold ratio to 80 per cent and stay overwh
Read moreLondon midday: Stocks gain strongly as investors await US data, Tullow jumps
10th Jan 2014 11:21
- Tullow lifted by Statoil speculation - UK data misses forecasts - Focus on Fed ahead of non-farm payrolls techMARK 2,794.53 +0.72% FTSE 100 6,750.46 +0.88% FTSE 250 16,088.05 +0.87% UK investors were in a confident mood on Friday morning with markets gaining strongly ahead of the all-important D
Read moreLondon open: Tullow leads gains ahead of US jobs report
10th Jan 2014 08:26
- Tullow rises on Statoil speculation - Broker rating changes move stocks early on - Taper in focus as US jobs report due this afternoon techMARK 2,785.01 +0.37% FTSE 100 6,725.63 +0.51% FTSE 250 16,016.63 +0.42% UK stocks gained strongly on Friday morning as investors prepared themselves for the
Read moreLondon midday: Mixed manufacturing figures dampen UK markets
2nd Jan 2014 11:40
- Markets pull back after strong end to 2013 - China, UK manufacturing PMIs disappoint - Resources stocks provide a drag on the FTSE 100 - Retailers in focus after mixed corporate updates techMARK 2,780.21 -0.04% FTSE 100 6,720.85 -0.42% FTSE 250 15,925.41 -0.06% Mixed global manufacturing figures
Read moreLondon midday: Stocks at three-week high after UK GDP data
20th Dec 2013 12:00
- FTSE 100 at three-week high - UK GDP revised higher - UK deficit jumps, consumer confidence weakens - BAE drops, Carnival sails higher techMARK 2,728.33 -0.24% FTSE 100 6,593.31 +0.13% FTSE 250 15,616.15 +0.17% UK markets held on to gains on Friday morning as stocks continue to trade at levels
Read moreLondon open: Markets edge higher despite growing UK concerns
20th Dec 2013 08:27
- UK consumer confidence falls - BoE admits to poor economic estimates - S&P downgrades EU to 'AA+' - BAE tumbles after UAE walks away from Eurofighter deal techMARK 2,732.19 -0.10% FTSE 100 6,595.40 +0.16% FTSE 250 15,592.04 +0.01% UK stocks edged higher on Friday morning with markets hitting the
Read moreLondon close: Markets flat as investors turn cautious ahead of Fed
18th Dec 2013 16:41
- Stocks trading within narrow range ahead of Fed - Fed decision due at 19:00 London time - BoE votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low techMARK 2,697.26 +0.47% FTSE 100 6,492.08 +0.09% FTSE 250 15,366.70 +0.12% Markets finished b
Read moreBP completes upgrade of Whiting facility in US
18th Dec 2013 16:22
Oil major BP announced on Wednesday afternoon that it has completed the upgrade of the Whiting facility in Northwest Indiana, designed to create one billion dollars per annum of additional future operating cash flow for the group. Whiting is BP's largest US refinery, processing 413,000 barrels per
Read moreRussia offers Ukraine 20bn-dollar support as BP does gas deal
18th Dec 2013 12:06
Russia offered Ukraine a 20bn-dollar package to try to limit EU influence over the former Soviet republic, as oil giants BP and Statoil completed a big Azerbaijani gas deal that may cut EU reliance on Russian gas. Moscow has agreed to buy $15bn of Ukrainian debt and to reduce the price of Russian g
Read moreLondon midday: Markets await Fed as data turns heat up on MPC
18th Dec 2013 11:16
- Taper speculation picks up ahead of Fed decision - MPC votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low - Retailers under the weather techMARK 2,693.27 +0.32% FTSE 100 6,500.40 +0.22% FTSE 250 15,391.16 +0.28% UK markets held on to gains
Read moreLondon open: Markets edge higher despite taper uncertainty
18th Dec 2013 08:21
- Fed meeting in focus, decision due out after close - BoE minutes to be released this morning - M&S downgraded by UBS to 'neutral' - Oil stocks in focus after exploration updates techMARK 2,701.33 +0.62% FTSE 100 6,512.99 +0.41% FTSE 250 15,387.21 +0.25% Markets opened slightly higher on Wednesda
Read moreWednesday newspaper round-up: Lloyds, BP, Debenhams...
18th Dec 2013 08:19
George Osborne will today receive a veiled rebuke from the National Audit Office for claiming that he sold a substantial stake in Lloyds Banking Group at a profit for taxpayers when the transaction crystallised a loss of at least 230m pounds. The September sale of a 3.2bn-pound stake was managed eff
Read moreBP makes significant oil discovery in Gulf of Mexico
18th Dec 2013 07:14
Oil giant BP has made its first significant oil discovery in the Gulf of Mexico since 2009, in the Gila deepwater prospect 300 miles off New Orleans. The prospect is majority owned by BP, with ConocoPhillips a minority partner, but the companies' drilling in the region has been set back since the
Read more