UPDATE: Faroe Petroleum Soars On Norway Discovery
22nd Jul 2010 13:42
(Adds detail, executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Faroe Petroleum PLC (FPM.LN) Thursday said it struck oil at an exploration well in the Norwegian North Sea, sending its shares sharply higher. Faroe said an
Read moreFaroe Petroleum Makes Discovery In Norwegian North Sea
22nd Jul 2010 07:42
LONDON (Dow Jones)--Oil and gas explorer Faroe Petroleum PLC (FPM.LN) Thursday said it struck oil at an exploration well in the Norwegian North Sea. Faroe said an initial analysis of the Maria prospect indicates between 75 million and 155 million barrels of oil equivalent could be recovered.
Read moreCentrica Hires Former Morgan Stanley Trader Banned By FSA - FT
10th Jul 2010 11:35
LONDON (Dow Jones)--Centrica PLC (CNA.LN), an integrated energy company and owner of British Gas, has hired David Redmond, the former Morgan Stanley trader banned by the Financial Services Authority last year after placing alcohol-fueled rogue bets in the oil market, the Financial Times reported Sat
Read moreCentrica: Test Well At Cygnus Gas Field Successful
7th Jul 2010 10:57
LONDON (Dow Jones)--U.K.-based energy company Centrica PLC (CNA.LN) Wednesday said the second appraisal well at the U.K. North Sea's Cygnus gas field confirms good characteristics of the reservoir. "This is potentially one of the most significant undeveloped gas fields in the U.K. continental sh
Read moreMARKET TALK: ABB, Credit Suisse Among Top Execution Nobel Picks
6th Jul 2010 11:18
1018 GMT [Dow Jones] Execution Nobel's top European picks going into the third quarter are ABB (ABB), Aviva (AV.LN), Cable & Wireless (CWC.LN), Centrica (CNA.LN), Credit Suisse (CS), Finmeccanica (FNC.MI), H&M (HM-B.SK), Lloyds (LYG), Mitchell & Butlers (MAB.LN), Prysmian (PRY.MI), Reed Elsevier (EN
Read moreUPDATE: Ceres Power's Boiler Trials Meet Another Delay
2nd Jul 2010 11:23
(Adds detail, analysts' comments, share price) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Fuel cell company Ceres Power Holdings PLC (CWR.LN) Friday announced another delay to the trial of its combined heat-and-power boilers in people's homes, which will stall the unit
Read moreCeres Power Holdings To End year With GBP40M Cash, Investments
2nd Jul 2010 07:37
LONDON (Dow Jones)--Ceres Power Holdings PLC (CWR.LN), an AIM-quoted alternative energy company, said Friday it expects to end its financial year on June 30, in a robust financial position with net cash and short-term investments of not less than GBP40 million, in line with previous guidance. MA
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Monday
29th Jun 2010 15:22
LONDON (Dow Jones) --U.K. natural gas grid operator National Grid PLC (NGG) said Tuesday the Gaselys liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, southeast England, Monday. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG a
Read moreSiemens Wins GBP101 Mln Deal To Link UK Offshore Wind Farm To Grid
28th Jun 2010 13:17
LONDON (Dow Jones)--Germany's Siemens AG (SI) said Monday it has been awarded a GBP101 million contract to connect the Lincs U.K. offshore wind farm to the electricity grid, as companies in the U.K. start to ramp up offshore wind power. Siemens Energy is also supplying 75 of its 3.6 megawatt win
Read moreLondon close: Footsie sinks to two-week low
24th Jun 2010 16:42
An afternoon rally fizzled as Wall St opened lower sending Footsie close to its low for the day. Miners were a poor market all day and ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrata were the big losers on fears of a double-dip recession. Elsewhere in the resource sector oil giant BP said the low
Read moreFTSE 100 movers: Miners decline on double-dip fear
24th Jun 2010 15:17
Recession fears have knocked miners today. Concerns about demand mean that seven out of the top ten fallers are miners. Kazakhmys and ENRC top the fallers. BP continues to decline after further problems with the Deepwater Horizon. However, the lower marine riser package (LMRP) cap containment sy
Read moreLondon afternoon: Utilities in demand
24th Jun 2010 14:23
Leading shares continued to pare losses over the lunch time session and though the Footsie remains in negative territory, much of that us due to the weakness of mining stocks. ENRC, Kazakhmys, Lonmin, Fresnillo and Xstrataare the big losers in the sector as concerns about Europe's debt crisis resu
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Thursday
24th Jun 2010 13:37
LONDON (Dow Jones)--U.K. natural gas grid operator National Grid PLC (NGG) Thursday said the Al Oraiq liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, England, Thursday. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG a year.
Read moreMARKET TALK: JPMorgan Lifts Centrica Price Target
24th Jun 2010 07:17
0617 GMT [Dow Jones] JPMorgan Cazenove lifts Centrica (CNA.LN) price target to 385p from 365p. This takes account of the recent rally in UK gas prices, the changes to corporation tax announced in Tuesday's budget and the company's May 10 interim statement. The updated target price implies 29% upside
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
24th Jun 2010 07:17
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0617 GMT [Dow Jones] JPMorgan Cazenove lifts Centrica (CNA.LN) price target to 385p from 365p. This takes account of the rece
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