London midday: Travel stocks lift markets higher after Iran deal
25th Nov 2013 11:18
- Markets hail Iran accord over nuclear programme - Oil, gold prices drop after Iran deal - US markets set to extend record highs techMARK 2,654.27 +0.46% FTSE 100 6,695.66 +0.32% FTSE 250 15,292.96 +0.69% News of a deal constraining Iran's nuclear programme gave equity markets a lift on Monday mo
Read moreLondon open: Markets welcome Iran deal, travel stocks jump
25th Nov 2013 08:25
- Markets hail Iran accord over nuclear programme - Oil companies slumps, travel stocks surge - Oil, gold prices drop after Iran deal techMARK 2,661.69 +0.74% FTSE 100 6,702.01 +0.42% FTSE 250 15,314.64 +0.84% UK markets headed higher on Monday morning as investors welcomed the deal over the weeke
Read moreBP's change of legal strategy encounters resistance
25th Nov 2013 08:02
Late on Friday the US judge overseeing both the settlement with BP as well as the entire civil liability trial arising from the Gulf of Mexico oil spill, Judge Barbier, criticised what he termed as the company's "deeply disappointing" actions. This follows the oil major's decision to act on observ
Read moreMonday newspaper round-up: BP, easyJet, Royal Mail
25th Nov 2013 07:31
The judge hearing the civil case over the 2010 Deepwater Horizon disaster in the Gulf of Mexico has strongly criticised BP, accusing the company's lawyers of "deeply disappointing" actions. In an order released late on Friday, Judge Carl Barbier said BP had made a "startling" reversal of its previou
Read moreLondon open: Stocks sink ahead of Inflation Report
13th Nov 2013 08:36
- Inflation Report in focus after CPI data yesterday - Markets give mixed reaction to corporate earnings - UK unemployment rate expected to hold steady techMARK 2,636.08 -0.44% FTSE 100 6,684.38 -0.63% FTSE 250 15,327.34 -0.27% Stocks sank sharply on Wednesday morning as investors scaled back thei
Read moreLondon open: Upside limited as markets await 'risk events'
6th Nov 2013 08:43
- Investors cautious ahead of busy end to the week - Barrage of economic data on tap for Wednesday - Experian drops after acquisition, H1 report techMARK 2,655.82 +0.32% FTSE 100 6,749.23 +0.04% FTSE 250 15,427.39 +0.39% UK markets edged higher on Wednesday morning though the upside was limited as
Read moreBP Chairman's wife sells shares in wake of strong share price rise
4th Nov 2013 16:26
The wife of Carl-Henric Svanberg, who has been the Chairman of oil giant BP for almost four years, sold 750,495 pounds-worth of shares in the group on Friday. In an announcement issued at the start of this week, it was revealed the director's wife sold a total of 154,821 shares at 484.75p a piece,
Read moreBP will try and overturn previous settlement in the US today
4th Nov 2013 11:39
BP was on Monday to head back to the US Fifth Circuit appeal court, in New Orleans, to try and overturn a previous legal settlement used by the claims administrator that led to much higher compensation payments than originally envisaged. That came after BP´s payments for business economic losses fo
Read moreLondon pre-open: FTSE to move higher ahead of HSBC Q3 results
4th Nov 2013 07:24
City sources predict the FTSE 100 will open around 18 points higher than Friday's close of 6,735, tracking gains seen in the US at the end of last week and ignoring losses across parts of Asia this morning. The rise comes ahead of HSBC's results later today, which are widely expected to show a 10%
Read moreSunday newspaper round up: M&S, CBI Europe warning, Morrisons
3rd Nov 2013 13:29
The founder of Dunelm, who is Marks & Spencer's biggest private investor, has backed Chief Executive Marc Bolland, the Sunday Telegraph reported. Bill Adderley said Bolland is a "hard worker" and that "too big a deal" has been made of disappointing results at M&S's non-food business. The billionaire
Read moreThursday tips round-up: ACS, BP, Standard Life
31st Oct 2013 07:28
Advanced Computer Software's Chief Executive Officer, VinMurria, is on the war path. After a big investor forced her into a sale of Computer Software Holding (CSH), her previous company at which she managed to engineer a growth spurt, she vowed never to make the same mistake. Now, as Chief of Advanc
Read moreBroker snap: BP results good but not that good, Investec says
30th Oct 2013 10:13
"The stock market seems to be gradually bringing these unruly oil majors to heel", begins Wednesday's research note from Investec on BP's third quarter results out the previous day which, it adds, "where good - but not that good". The broker highlights how the company's quarterly net profits, whic
Read moreWednesday tips round-up: BP, Standard Chartered, Regus
30th Oct 2013 07:11
Improved returns on capital and returning more cash to shareholders. That, in essence, is the strategy turn-around announced by British Petroleum (BP) on Tuesday, and the markets approved it. The oil major will focus on its best assets and hold capital spending flat next year. That comes as returns
Read moreLondon close: FTSE hits five-month high
29th Oct 2013 16:30
- FTSE hits five-month high - BP drives index higher after impressing with Q3 - Gold price drags miners lower techMARK 2,656.00 +0.58% FTSE 100 6,774.73 +0.73% FTSE 250 15,535.51 +0.69% The FTSE made strong gains throughout today's session, ending the day 49 points higher, driven by BP's performan
Read moreSector Movers: Oil and gas producers rides BP wave
29th Oct 2013 15:21
The Oil & Gas Producers sector spurted highest on Tuesday on the back of the gushing reception for BP's third quarter results, rising 2.3 per cent. Investors appreciated that the oil giant said, after selling $38bn of assets so far to pay for the Gulf of Mexico oil spill, it will sell a further $10
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