Tuesday tips round-up: Low & Bonar, Nanoco, BP
18th Oct 2011 06:30
Low & Bonar makes specialist meshes and other coverings for use in civil engineering projects such as coastal defences, and also the artificial grass used in sports grounds. As such, it cannot expect to be immune to macro-economic trends. But, for now, overall demand is "robust" and the group is con
Read moreTuesday newspaper round-up: Euro crisis, inflation, Evraz
18th Oct 2011 06:05
Plans to increase the firepower of Europe's bail-out machinery with extra leverage threaten France's AAA rating and risk setting off a dangerous chain of events, a top German institute has warned. Berlin's DIW institute, one of Chancellor Angela Merkel's five official advisers, said attempts to boos
Read moreLondon close: German party poopers bash shares
17th Oct 2011 16:44
It was an another topsy-turvy dominated by changing perceptions of the Eurozone situation, with shares finishing firmly in the red after Steffen Seibert, spokesman for German Chancellor Angela Merkel, suggested that markets were getting carried away with the optimism. Referring to the hopes being
Read moreSector movers: Oil gushes higher, no support for support services
17th Oct 2011 16:20
Company updates from the oil sector have been well-received today. Integrated oil giant BP and US counterpart Anadarko have reached a settlement over the Deepwater Horizon rig explosion at the Macondo asset in the Gulf of Mexico. Anadarko will pay BP $4bn in a single cash payment, which will go i
Read moreFTSE 100 Movers: BP rises on settlement
17th Oct 2011 12:47
BP was rising high after reaching a settlement with its US counterpart Anadarko over the Deepwater Horizon rig explosion at the Macondo asset in the Gulf of Mexico. Anadarko will pay BP $4bn in a single cash payment, which will go into the $20bn trust fund BP set up to meet individual, business and
Read moreLondon midday: Euro boost for stocks again
17th Oct 2011 12:08
Stocks are buoyant this morning with attention once again focused on the Eurozone. STOCKS UP ON EUROZONE HOPES Following the weekend meeting of G20 leaders in Paris, the markets will now be looking ahead to a crucial EU summit on 23 October, with Chancellor of the Exchequer George Osborne calling
Read moreLondon open: BP leads the rise, Footsie above 5,500
17th Oct 2011 08:34
The Footsie jumped above the 5,500 mark in the opening minutes, a level not seen since early August, on the back of hopes that Eurozone leaders are working hard to solve the region's debt crisis. STOCKS UP ON EUROZONE HOPES Following the weekend meeting of G20 leaders in Paris, the markets will no
Read moreBP and Anadarko settle ... now for Halliburton and Transocean
17th Oct 2011 07:23
Integrated oil giant BP and US counterpart Anadarko have reached a settlement over the Deepwater Horizon rig explosion at the Macondo asset in the Gulf of Mexico. Anadarko will pay BP $4bn in a single cash payment, which will go into the $20bn trust fund BP set up to meet individual, business and g
Read moreLondon pre-open: BP and Anadarko reach agreement
17th Oct 2011 07:19
London looks set to start the week on the front foot, with City sources predicting a near 50 point rise at the outset. Integrated oil giant BP has reached agreement with Anadarko Petroleum to settle all claims between the companies related to the Deepwater Horizon accident. Anadarko, which had a 25
Read moreAMEC wins £150m contract at BP's Clair oil field
17th Oct 2011 07:05
Engineering and project management services (EPMS) firm AMEC has been awarded a £150m contract to provide EPMS for a "giant" Shetland oil field, operated by oil titan BP. The work, which is already underway, is for the main platform design for Clair Ridge, the second phase of the Clair oil field, w
Read moreSunday newspapers round-up: Murdoch, UK GDP has 'stalled', BP ...
16th Oct 2011 13:35
America's two largest public pension funds have increased the pressure on Rupert and James Murdoch to step down from the board of News Corporation just days before the billionaire family faces a showdown with shareholders at the company's annual meeting, informs the Sunday Telegraph. The call to act
Read moreBP wins approval on new project in North Sea
13th Oct 2011 07:36
The UK government has granted oil titan BP and its partners approval to proceed with a £4.5bn project in the North Sea, one of four new oil and gas projects worth nearly £10bn over the next five years planned by the oil syndicate. This significant investment will also help to maintain BP's product
Read moreThursday newspaper round-up: Europe banks, SSE, BP
13th Oct 2011 06:04
Europe's banks may be asked to accept losses of up to 50% of their holdings in Greek sovereign debt, it emerged yesterday. The call could come after EU leaders gather for a summit on October 23 to forge a once-and-for-all solution to the crisis that has engulfed the eurozone, according to officials
Read moreLondon close: Strong finish for FTSE 100
10th Oct 2011 16:32
Stocks were posting big gains at the close of play, with a strong start on Wall Street supporting earlier gains in London. With stocks news thin on the ground, it was the Eurozone saga that was once again the centre of attention. Global stocks rose moderately on Monday on hopes that an agreement be
Read moreLondon midday: Eurozone hopes lift stocks
10th Oct 2011 12:09
Hopes that Eurozone heavyweights France and Germany will be able to sort out the crisis in the single currency zone have sent shares higher. German chancellor Angela Merkel and French prime minister Nicolas Sarkozy have agreed on a "long-lasting, complete package" to battle the region's ongoing deb
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