BP's Mad Dog rivals Thunder Horse
7th Sep 2011 15:10
Drilling in the previously untested northern segment of the Mad Dog field in the Gulf of Mexico has resulted in a "significant resource extension", according to the oil giant BP. BP now estimates (pending confirmation through future drilling) that the total hydrocarbons now in place in the Mad Dog
Read moreFTSE 100 Movers: Oil stocks lead the rise
7th Sep 2011 12:51
The oil companies were leading the rise on Wednesday afternoon, with Tullow Oil, Essar Energy and BP among the better performers on the blue chip index, helped by a rising oil price. BP rose after drilling results confirmed a significant resource extension of The Mad Dog Field complex in the Gulf o
Read moreFriday newspaper round-up: LSE, central banks, BP
2nd Sep 2011 06:24
The London Stock Exchange has re-opened talks to buy the Anglo-French clearing house LCH Clearnet in an attempt to protect itself against predators. The exchange, which was forced to abandon a transatlantic takeover of Toronto's TMX in June, has made a non-binding offer to buy a majority stake in L
Read moreBP's Moscow office raided
31st Aug 2011 11:13
Bailiffs have raided BP's Moscow offices in the second blow for the oil company in Russia in two days. The raid comes the day after US oil giant ExxonMobil signed an agreement with Russia's Rosneft to develop oil prospects in the Arctic region. Rosneft had previously been in talks with BP about cr
Read moreBP commences alliance with Reliance
30th Aug 2011 14:26
Oil giant BP is to pay Indian energy firm Reliance Industries $7.2bn (£4.42bn) after its acquisition of a 30% interest in several Indian production blocks was completed on Tuesday. The FTSE 100 company will have an interest in 21 oil and gas production sharing contracts that Reliance operates in In
Read moreSunday newspaper round-up: Easyjet, Bank of England, BP
28th Aug 2011 17:51
Directors at Easyjet are weighing the payment of a one-off special dividend in November to cool a row with Sir Stelios Haji-Ioannou, the airline's founder and biggest shareholder.The budget airline has never paid a dividend in its 11-year history as a quoted company. Last year The Sunday Times revea
Read moreLondon close: Autonomy movement helps limit losses
19th Aug 2011 16:38
Stocks finished in the red heading into the weekend but off their daily lows, having bounced back into the blue from heavy losses earlier on. Today's standout stock was Autonomy rocketed by over 75% in early trading after US computing giant Hewlett-Packard made a recommended offer for the Cambridge
Read moreLondon midday: Lloyds and RBS fall again as FTSE 100 slides
19th Aug 2011 12:03
The leading share index is stuck below the 5,000 point mark amid continuing worries over the global economic situation. Banks Lloyds and RBS are suffering hefty losses again as is IAG, the owner of British Airways. But shares in Autonomy rocketed by over 75% in early trading after US computing gi
Read moreLondon open: Autonomy bucks trend as Footsie tumbles
19th Aug 2011 08:27
The Footsie tumbled over 1% in the opening minutes on Friday, despite a surge by software giant Autonomy. However, Autonomy was just one of the four lone stocks making gains, as the blue chip index looks set to fall below the 5,000 mark. Shares in Autonomy rocketed by over 75% in early trading afte
Read moreLondon close: Calmer start to the week, Footsie edges 31 higher
15th Aug 2011 16:35
A strong start on Wall Street and large gains from the miners helped London's blue chip index finish 0.57% higher on Monday. Meanwhile the banks limited gains on the Footsie over concerns over their level of exposure to Eurozone debt. Fluctuations in trading on Monday were not as severe as in recen
Read moreMonday newspaper round-up: Manufacturing, BP, Sports Direct
15th Aug 2011 06:36
Sinking manufacturing confidence is driving a sharp slowdown in the labour market recovery and exacerbating the North-South divide over jobs, according to a new study which reveals more employers are set to cut headcount this year. The research from KPMG and the Chartered Institute of Personnel and
Read moreSunday newspaper round-up: United Biscuits, riot fallout, petrol price cuts
14th Aug 2011 19:09
United Biscuits could be broken up as its owners plan to revive attempts to sell the company. The move could see its biscuits business, including the McVitie's brand, separated from its crisps and nuts division, which includes the KP label. The private equity groups Blackstone and PAI Partners have
Read moreWednesday preview: Standard Chartered, GKN, L&G ...
2nd Aug 2011 17:17
Banks results season continues with emerging markets-focused Standard Chartered shuffling into the spotlight on Wednesday at the unholy time of 5:30am (London time). Japanese broker Nomura - quite possibly the only broker likely to be awake when the figures come out - predicts first half profit bef
Read moreTuesday newspaper round-up: Osborne, US vote, HSBC, Italy
2nd Aug 2011 06:03
George Osborne and Vince Cable last night issued a double warning to Britain's banks to start lending to business - as they prepare to announce astonishing profits of more than £8bn.The Chancellor said the banks had an 'economic obligation' to lend to cash-strapped businesses and warned them that th
Read moreFriday newspaper round-up: Vodafone, global slump risk, BP
29th Jul 2011 06:05
Vodafone will pay a £2bn special dividend next year after its patience in hanging on to a minority stake in America's biggest mobile network paid off. The British company, which owns a 45 per cent stake in Verizon Wireless, will receive £2.8bn in dividend payments after Verizon Communications, the m
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