BP denies new accusations, denounces claimants' fraud
17th Dec 2013 16:41
Embattled oil giant BP faced fresh attacks over the catastrophic Gulf of Mexico oil spill as lawyers for compensation claimants alleged the company had tried to mislead a court hearing its legal battle over the payments. The lawyers claimed BP had omitted key details from filings made as part of it
Read moreTuesday newspaper round-up: RSA, BP, Hiring plans...
17th Dec 2013 08:21
RSA Group, the embattled insurer, suffered a fresh blow last night when its credit rating was downgraded for the second time in a month by one of the main rating agencies, which branded management at the company as weak. Standard & Poor's cut the rating on the insurer, best known for its More Than b
Read moreBP signs agreement to develop Omani Khazzan tight gas project
16th Dec 2013 12:09
BP has signed a 30-year amended exploration and production sharing agreement and a gas sales agreement with the Sultanate of Oman to develop the country´s Khazzan tight gas project, the petrochemicals giant announced on Monday. Construction was scheduled to start in 2014 and first gas is expected
Read moreLondon close: Stocks fall for fourth straight day ahead of Fed meeting
13th Dec 2013 16:47
- Stocks down ahead of Fed meeting next week - FTSE 100 hits fresh two-month low - RSA plummets after profit warning, CEO exit - ARM gains on Google hopes techMARK 2,663.70 +0.42% FTSE 100 6,439.96 -0.08% FTSE 250 15,233.46 +0.14% UK stocks finished broadly flat on Friday after a quiet session as
Read moreLondon midday: Markets edge higher after three straight losses
13th Dec 2013 11:15
- Taper speculation picks up after budget deal - RSA drops on profit warning, CEO exit - FTSE 100 rebounds from two-month low techMARK 2,662.49 +0.37% FTSE 100 6,457.75 +0.19% FTSE 250 15,251.18 +0.26% The FTSE 100 snapped three straight days of losses on Friday morning but was trading within a na
Read moreLondon close: Stocks surge as strong US data offsets taper fears
6th Dec 2013 16:55
- FTSE 100 rebounds strongly on US jobs beat - Taper expectations brought forward - Oil, housing stocks provide a lift techMARK 2,670.64 +0.85% FTSE 100 6,551.99 +0.83% FTSE 250 15,317.05 +1.05% After falling to an eight-week low the previous session, the FTSE 100 rallied on Friday after a much be
Read moreLondon midday: Markets bounce back ahead of US data
6th Dec 2013 11:31
- FTSE 100 rebounds from worst level in eight weeks - Oil, housing stocks provide a lift - Markets focus on non-farm payrolls ahead of Fed meeting techMARK 2,657.20 +0.34% FTSE 100 6,536.26 +0.58% FTSE 250 15,210.58 +0.35% Strong gains in oil and housing sectors were providing a lift in London on
Read moreLondon open: Housing, oil stocks help markets rebound from eight-week low
6th Dec 2013 08:52
- Housing and oil stocks provide a lift - Focus on Fed ahead of non-farm payrolls - Berkeley jumps as strong housing demand boosts H1 results techMARK 2,650.07 +0.07% FTSE 100 6,518.46 +0.31% FTSE 250 15,166.21 +0.06% The FTSE 100 rebounded slightly on Friday from an eight-week low, as bargain hu
Read moreLondon open: FTSE 100 flat at seven-week low ahead of busy day
5th Dec 2013 08:23
- FTSE 100 at lowest level since October 14th - Central bank meetings, Autumn Statement in focus - Investors cautious ahead of jobs report tomorrow techMARK 2,644.71 +0.02% FTSE 100 6,509.08 -0.01% FTSE 250 15,152.45 +0.16% UK stocks opened broadly flat on Thursday morning with the FTSE 100 tradin
Read moreWednesday newspaper round-up: Brussels, BP, GlaxoSmithKline
4th Dec 2013 07:23
Brussels will unveil hefty fines as soon as Wednesday on global banks that allegedly formed cartels to rig two global interest rate benchmarks, in a settlement that is set to break European antitrust enforcement records. The latest crackdown on benchmark manipulation is expected to target up to 10 f
Read moreTuesday newspaper round-up: BP, China, Royal Bank of Scotland
3rd Dec 2013 07:00
BP won a big victory in its battle to limit the cost of compensation for its 2010 oil spill in the Gulf of Mexico after an appeals court called for an injunction to suspend payments to businesses that had not suffered losses as a result of the disaster. A majority on a three-judge panel of the Fifth
Read moreBP scores legal victory in Louisiana
3rd Dec 2013 06:58
BP has won a significant legal victory in the US after an appeals court ordered an injuction to be placed on payments to businesses which the oil major argued had not suffered losses as a result of the disaster. -- More to follow -- AB
Read moreBP warns US appeals court must move to enforce injunction
2nd Dec 2013 11:32
BP revealed last week that payments for businesses' economic losses in the US, as a result of the Deepwater Horizon disaster in the Gulf of Mexico, were about to restart. In a court filing made just before Thanksgiving, the firm said it had been told to expect payments to restart. The payments had
Read moreSector movers: Oil stocks fall, travel companies rise after Iran deal
25th Nov 2013 16:22
A weekend deal to limit Iran's nuclear activity prompted a sharp fall in oil prices on Monday, sending oil and gas stocks into the red whilst sparking gains in the travel sector. Iran and the so-called P5+1 nations of Russia, China, France, Germany, the UK and the US came to an interim agreement ov
Read moreFTSE 100 movers: Airlines climb on Iran deal and broker comments
25th Nov 2013 15:06
Airlines IAG and easyJet were both higher after oil prices went into decline following the deal with Iran which eased export sanctions for the latter and significantly lowered tensions in the Middle East. Iran and the so-called P5+1 nations of Russia, China, France, Germany, the UK and the US came
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