Cairn rejoices in Greenland strike
21st Sep 2010 07:09
Cairn Energy has discovered oil and gas at its Alpha-1S1 well offshore Greenland. The Edinburgh-based company drilled down almost 4,500 metres and encountered gas shows over "several hundreds of metres" and oil intermittently over a 400m section. Early analysis reveals the presence of two types of
Read moreFTSE 100 movers: Financials move higher
10th Sep 2010 16:05
Financials are pushing the Footsie higher. Interdealer broker ICAP is the best performer with Aviva, 3i, Admiral, Lloyds and Legal & General not far behind. Miner ENRC continues to decline because of its dispute with First Quantum concerning ENRC's acquisition of a majority interest in Camrose Re
Read moreLondon close: Lower finish for FTSE 100
10th Aug 2010 16:42
A poor reception for updates from the holiday-related stocks TUI Travel and InterContinental Hotels helped ensure Footsie closed in the red, while economic worries also weighed on sentiment. China's trade surplus hit an 18-month high as exports surged and imports slowed. Imports increased 22.7% i
Read moreLondon afternoon: Buyers take a holiday
10th Aug 2010 14:14
Leading equities moved further into the red over the lunch time session as investors remained concerned about slowing growth in the Chinese economy and signs closer to home that the Budget spending cuts are starting to have an effect on the mood of UK consumers. China's trade surplus hit an 18-mon
Read moreLondon midday: Consumer spending fears sink Footsie
10th Aug 2010 12:02
Concern about consumer spending has pulled the rug from under Footsie after a profit warning from tour operator TUI and weak retail sales figures. TUI Travel warned profits this year will be at the low end of forecasts after UK bookings faltered. Bookings by Britons are down by 2% over the past 12
Read moreLondon open: Poor start for Footsie
10th Aug 2010 08:54
London shares are lower in early dealings as comments from hotel and travel firms suggest consumers are starting to feel the pinch. Worries over the economy have certainly caught up with travel group TUI Travel, which warned profits this year will be at the low end of forecasts after UK bookings fa
Read moreStar Energy Should Pay Al Fayed GBP1,000 - UK Supreme Court
30th Jul 2010 13:47
LONDON (Dow Jones)--The U.K. Supreme Court this week ruled U.K. onshore oil and gas company Star Energy Group Ltd. should pay GBP1,000 compensation to Mohammed al Fayed, the former proprietor of Harrod's department store in London, for operating oil wells that ran beneath al Fayed's English country
Read moreCORRECT: Hess Sees 'Minimal' Impact From Gulf Drill Moratorium
28th Jul 2010 21:12
("UPDATE: Hess: Sees 'Minimal' Impact From Gulf Drill Moratorium," published at 11:16 a.m. EDT, misspelled the chief financial officer's name. A corrected version follows.) NEW YORK (Dow Jones)--Hess Corp. (HES) Chief Executive John Hess said Wednesday that the company expects to see "relativel
Read moreUPDATE: Hess: Sees 'Minimal' Impact From Gulf Drill Moratorium
28th Jul 2010 16:16
(Updates with additional comments about the drilling moratorium from ongoing conference call; adds stock quote in last paragraph) NEW YORK (Dow Jones)--Hess Corp. (HES) Chief Executive John Hess said Wednesday that the company expects to see "relatively minimal" impact from the drilling morator
Read moreMARKET TALK: Exane Downgrades Cairn Energy, Dana Petroleum
28th Jul 2010 08:52
0752 GMT [Dow Jones] Exane BNP Paribas downgrades Cairn Energy (CNE.LN) and Dana Petroleum (DNX.LN) to neutral from overweight. Notes Dana shares have surged 71% since the brokerage upgraded the stock in February, and reckons the risk/reward is more balanced after Korea National Oil Corp raised its
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jul 2010 08:52
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] 0752 GMT [Dow Jones] Exane BNP Paribas downgrades Cairn Energy (CNE.LN) and Dana Petroleum (DNX.LN) to neutral from overweigh
Read moreUPDATE: Cairn India 1Q Net Profit Surges On Mangala Crude Output
27th Jul 2010 13:50
(Adds earnings details, analyst comments, background.) By Eric Yep Of DOW JONES NEWSWIRES MUMBAI (Dow Jones)--Cairn India Ltd. (532792.BY) Tuesday posted a six-fold rise in its fiscal first-quarter net profit, helped by crude output from its field in western India, but missed market ex
Read moreCairn India 1Q Net Profit INR2.81 Bln Vs INR454.4 Mln
27th Jul 2010 12:00
MUMBAI (Dow Jones)--Cairn India Ltd. (532792.BY) Tuesday said its fiscal first-quarter net profit rose more than six times from a year earlier, helped by crude production at its west India field. Net profit for the three months ended June 30 surged to INR2.81 billion from INR454.4 million a year
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
27th Jul 2010 10:49
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0949 GMT [Dow Jones] Credit Suisse raises Tullow Oil (TLW.LN) price target to 1504p from 1449p following the announcement
Read moreMARKET TALK: Credit Suisse Raises Tullow Oil Price Target
27th Jul 2010 10:49
0949 GMT [Dow Jones] Credit Suisse raises Tullow Oil (TLW.LN) price target to 1504p from 1449p following the announcement of a significant new find offshore Ghana. The two highly-pressurized reservoir zones encountered in the Owo well contain light oil, which is higher in value than the 'gassy' oil
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