DCC to acquire BP assets in Netherlands
21st Sep 2012 11:52
Dublin-based business services firm DCC has reached conditional agreement with BP to acquire BP Gas Nederland, the company's liquefied petroleum gas (LPG) distribution business in the Netherlands, together with the trade and assets of BP's smaller LPG distribution business in north Belgium, which ar
Read moreThursday newspaper round-up: BP, BAE, China
20th Sep 2012 06:50
BP is close to ditching its troublesome Russian joint venture and resurrecting a controversial Arctic exploration alliance after holding "positive" talks with Vladimir Putin. Bob Dudley, BP's chief executive, Carl-Henric Svanberg, its chairman, and Igor Sechin, the boss of Rosneft, the Kremlin-backe
Read moreWednesday newspaper round-up: Pensions, Tesco, BP
19th Sep 2012 06:41
Pension funds were put on alert yesterday as government statisticians paved the way for an overhaul of inflation measures that could shave billions of pounds from interest payments on holdings of gilts. Jil Matheson, the National Statistician, will consult on options for "improving" the retail price
Read moreBP sells Norwegian asset to Shell
13th Sep 2012 14:07
BP has announced yet another asset sale, this time in the Norwegian Sea, as it continues to raise funds to pay off costs relating to the 'Deepwater Horizon' oil disaster in 2010. The company said it had agreed to sell its 18.36% non-operated interest in the Draugen field in the Norwegian Sea to Sh
Read moreBP sells more assets in Gulf of Mexico
10th Sep 2012 15:54
Oil titan BP is to sell off 5.55bn dollars-worth of assets in the deepwater US Gulf of Mexico, marking further progress in its divestment programme as it continues to raise funds to pay off costs relating to the 'Deepwater Horizon' oil spill in 2010. The group has agreed to offload a number of oil
Read moreFTSE 100 movers: Miners up on improved outlook
10th Sep 2012 15:39
UBS said that the outlook for the UK mining sector is improving with quantitative easing (QE) measures now expected. Pushing the likes of Kazakhymys, Vedanta and Antofagasta higher, the broker said: "QE triggers a return of capital flows to emerging markets, incentivising companies to stop running
Read moreLondon midday: Stocks flat ahead of another busy week
10th Sep 2012 11:51
- Markets await German ruling on ESM and FOMC meeting - Trade data in China disappoints - Miners gain on hopes for QE The FTSE 100 was trading within a narrow range on Monday morning, with just 20 points between the intraday high and low, as investors continued to show caution ahead of what's likel
Read moreLondon open: Stocks flat early on despite mining strength
10th Sep 2012 08:28
- Stocks pause after last week's ECB rally - Markets await FOMC meeting - Miners up early on, UBS sees QE boost for sector London's blue-chip index opened broadly flat in early trading on Monday as investors remained nervous ahead of another pivotal week for the global economy. Stocks were given a
Read moreBP in talks to sell non-strategic Gulf of Mexico oil fields
10th Sep 2012 08:18
Oil major BP is in advanced talks to sell a group of oilfields in the Gulf of Mexico to US outfit Plains Exploration&Production, said two people with knowledge of the matter, according to reports in The Wall Street Journal and Bloomberg. According to one of those sources Plains is discussing a pric
Read moreSunday share tips: BP, Vp, Tullow Oil
9th Sep 2012 16:42
Last week, the US Department of Justice (DoJ) talked tough in relation to BP's Gulf of Mexico oil spill. Any final settlement now looks further away. In a statement during the civil case in a Louisiana court, the DoJ accused BP of gross negligence or wilful misconduct. Credit Suisse has calculated t
Read moreLondon close: Footsie at five-week low ahead of ECB decision
5th Sep 2012 16:17
- FTSE 100 closes at lowest level since late July - Eurozone newsflow mixed ahead of ECB meeting - Global slowdown fears weigh on sentiment Mixed remarks from Eurozone officials prompted a volatile day of trade on London's stock market on Wednesday as eyes remain fixed on tomorrow's policy rate dec
Read moreLondon midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreFTSE 100 movers: Macondo still haunting BP
5th Sep 2012 10:43
More than one-tenth of the top-share index's constituents are trading in ex-dividend format this morning, which is acting as a millstone around the benchmark's neck. Integrated oil giant BP, which has the fourth highest weighting in the index's constituent list, is adding to the Footsie's woes, as
Read moreWednesday broker round-up
5th Sep 2012 09:20
AMEC: Nomura retains buy rating and 1,240p target. Ashtead: UBS ups target from 340p to 375p, buy rating unchanged. ASOS: Oriel Securities upgrades to buy; BarCap upgrades to overweight, target lifted rom 1,800p to 2,400p. BP: Investec keeps buy rating and 460p target. BT Group: JPMorgan Cazenov
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
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