Friday newspaper round-up: BP, Dixons, Megafon...
16th Nov 2012 06:51
The US Government yesterday warned BP that its troubles were far from over as it levied a record fine of $4.5 billion on the company for criminal failures arising from the Deepwater Horizon oil disaster. BP pleaded guilty to 14 criminal charges ? including manslaughter, environmental violations and
Read moreLondon close: Footsie at two-month low on global uncertainty
15th Nov 2012 16:31
- FTSE 100 at lowest level since early September - US, Eurozone and UK data disappoints - BP reaches settlement with US DoJ Political uncertainty and disappointing economic figures the world over weighed heavily on UK stock markets today, pushing the FTSE 100 close to its lowest levels since early
Read moreBP close to agreeing costly Macondo settlement
15th Nov 2012 14:25
Integrated oil giant BP has confirmed it is close to a deal with the US Department of Justice (DoJ) and the Securities & Exchange Commission over the Macondo oil well tragedy in the Gulf of Mexico. Media reports suggest that BP has agreed to plead guilty to obstruction for lying to Congress about h
Read moreLondon midday: Stocks slump on global economic concerns
15th Nov 2012 11:49
US budget talks, Eurozone debt concerns and violence in the Middle East combined to pressure stocks lower on Thursday, pushing the Footsie to levels not seen since early September. The FTSE 100 hit an intraday low of 5,687 early on, before recovering to around the 5,700 mark by lunchtime. The last
Read moreLondon open: Footsie drops to 10-week low on US and Eurozone fears
15th Nov 2012 08:50
The FTSE 100 sunk to a 10-week low in intraday trade on Thursday morning as worries about the US budget and uncertainty in the Eurozone continues to dampen stocks. The last time the Footsie closed lower was on September 5th when it finished at 5,658. Market chatter still abounds on the danger of t
Read moreLondon pre-open: FTSE set to track US stocks lower, again
15th Nov 2012 07:27
City sources predict the FTSE 100 will open down 40 points from yesterday's close of 5,722, tracking losses in the US overnight. The Dow Jones tumbled 185 points as disappointing economic data, worries about the impending 'fiscal cliff' and the prospect of heightened tensions in the Middle East al
Read moreBP close to settlement with US over Macondo oil disaster
15th Nov 2012 07:08
BP is one step closer to drawing a line under the Deepwater Horizon incident two years ago and is said to be in 'advanced discussions' with US regulators regarding resolutions of all claims against the oil and gas company. The incident, known as the Macondo blowout or the Gulf of Mexico oil spill,
Read moreThursday newspaper round-up: BP, John Lewis, UK bank bonuses...
15th Nov 2012 06:51
BP is expected to pay the largest criminal penalty in US history to resolve the investigation arising from the 2010 Deepwater Horizon disaster in the Gulf of Mexico. Details of a settlement with the US Department of Justice were still being finalised on Wednesday night but an agreement could be anno
Read moreWednesday newspaper round-up: BRICS, Anglo American, British American
14th Nov 2012 07:58
The catch-up boom in China, India, Brazil is largely over and will be followed by a drastic slowdown over the next decade, according to a grim report by America's top forecasting body. Europe's prognosis is even worse, with France trapped in depression with near zero growth as far as 2025 and Britai
Read moreMonday broker round-up
5th Nov 2012 08:19
Aggreko: Goldman Sachs cuts target from 3,692p to 3,460p, conviction buy rating kept. Asian Citrus: Seymour Pierce keeps buy rating and 50p target; BG Group: Nomura keeps buy rating and 1,600p target. BP: HSBC cuts target from 550p to 530p, overweight rating kept. Brewin Dophin: RBC Capital Mark
Read moreTwo BP Executive VPs slim down shareholdings
2nd Nov 2012 16:39
Making the most of a strong week, two of BP's divisional Executive Vice Presidents have between them sold 130,000 shares in the same week oil giant delivered a better-than-expected performance in the third quarter. Mike Daly, the company's Executive Vice President of exploration, traded in 24,473 s
Read moreThursday newspaper round-up: Barclays, Britain, TNK-BP
1st Nov 2012 07:01
Barclays has been ordered to pay a 470m dollars (293m pounds) in fines and other penalties by the US energy regulatory after being found to have manipulated the American electricity market. The US Federal Energy Regulatory Commission (FERC) has provisionally fined Barclays a total of 435m dollars an
Read moreWednesday broker round-up - UDPATE
31st Oct 2012 09:09
AMEC: Seymour Pierce keeps buy rating and 1,250p target; Investec keeps buy rating and 1,300p target. Babcock: Panmure Gordon keeps hold rating and 940p target. Barclays: Nomura keeps reduce rating and 210p target. BP: Jefferies keeps hold rating and 450p target. Chariot Oil & Gas: Seymour Pierc
Read moreLondon close: Markets rebound on low volumes
30th Oct 2012 16:59
With US stock markets remaining closed for a second straight day as Hurricane Sandy continues to batter the shores of America's East Coast, equities across the Pond rebounded as investors celebrated decent results from a number of heavy hitters across Europe. "Trading remained thin today as the NYS
Read moreFTSE 100 movers: BP beats forecasts
30th Oct 2012 15:28
Oil giant BP gained ground after profits came in well ahead of forecasts in the third quarter and the company moved early on a dividend increase to nine cents per share (up 12.5%). In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on
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