London close: Footsie edges higher
16th Jun 2010 16:47
Footsie closed slightly higher on a fairly lacklustre day for the leading share index. Part-nationalised lender Royal Bank of Scotland went well on a day which saw it shed two parts of its sprawling empire. It has reached agreement for the sale of its 99.37% holding in RBS Pakistan to Faysal Bank L
Read moreLondon afternoon: Footsie flat
16th Jun 2010 14:41
Footsie dropped into the red over the lunchtime session before crawling back into positive territory. Little seems capable of getting investors excited, with even the highly volatile BP having a relatively quiet day. Part-nationalised lender Royal Bank of Scotland is the best performing blue chip.
Read moreLondon midday: RBS leads sedate advance
16th Jun 2010 12:18
Leading equities sleepwalked their way through the morning session, with little in the way of corporate news to perk interest. Economic news has been mixed today with the number of people claiming unemployment benefit falling more than expected in May, but the wider unemployment rate continuing to
Read moreLondon open: Early gains for Footsie
16th Jun 2010 08:46
London has made a strong start following last night's 200-point rally on Wall Street. In company news this morning, Sainsbury's has outdone arch rival Tesco in the growth stakes with a 4.6% increase in like for like sales during the first quarter and is apparently doing a roaring trade in Vuvuzela
Read moreCairn gets green light for Disko
16th Jun 2010 07:56
Cairn Energy has received formal approval from the Government of Greenland to start drilling the first two wells of a planned four well exploration programme in the Disko West area, offshore Western Greenland. The Edinburgh-based oil company, which struck big in Rajasthan in the north west of India
Read moreCairn Energy Gets Greenland Approval For First Two Disko Wells
16th Jun 2010 07:15
LONDON (Dow Jones)--Cairn Energy PLC (CNE.LN), an Edinburgh-based oil and gas exploration and production company, said Wednesday it has been notified that the Government of Greenland Cabinet has announced the formal approval for the first two wells of Cairn's 2010 planned four well exploration progr
Read moreUPDATE: Cairn India Commissions Crude Oil Pipeline; Expects Costs To Fall
15th Jun 2010 12:38
(Adds comments from analyst, Essar executive, details) By Rakesh Sharma Of DOW JONES NEWSWIRES NEW DELHI (Dow Jones)--Cairn India Ltd. (532792.BY) Tuesday said it has started selling crude oil from its Mangala field in the western state of Rajasthan to refineries in Gujarat via pipelin
Read moreCairn India Commissions Pipeline For Crude Oil Supply
15th Jun 2010 11:31
NEW DELHI (Dow Jones)--Cairn India Ltd. (532792.BY) said Tuesday it has started supplying crude oil via pipeline from its field in the state of Rajasthan as the first phase of the line is now operational. The first phase of the pipeline that runs between Rajasthan's Barmer and Gujarat's Salaya i
Read moreLondon open: BP revival lifts Footsie
11th Jun 2010 08:58
A revival by BP has started Footsie off on the front foot this morning after a surge by oil stocks on Wall Street overnight. BP is the best performer. The company yesterday reported the amount of oil is capturing from the Gulf of Mexico leak has risen to 15,800 barrels per day, though an upward rev
Read moreFTSE 100 movers: BP continues to suffer
24th May 2010 15:02
BP's woes in the Gulf of Mexico are dragging down its peers and the Footsie. The oil disaster in the Gulf of Mexico has cost BP about $760m (£525m) so far and the under-fire oil giant faces being "pushed out of the way" if its clean-up operation doesn't do better. A week ago, the cost was estimate
Read moreLondon afternoon: Back to square one
24th May 2010 13:42
Footsie has limped back into positive territory, helped by an about turn by the mining stocks. After spending the morning down in the dumps Rio Tinto is now the best performing mining stock as metal prices head northwards. Fellow mining stocks Xstrata and Anglo American join Rio on the rise but S
Read moreLondon midday: Resource stocks under the weather
24th May 2010 12:35
Resource stocks have driven the Footsie into the red after a bright start. The oil disaster in the Gulf of Mexico has cost BP about $760m (£525m) so far and the under-fire oil giant faces being "pushed out of the way" if its clean-up operation doesn't do better. So far 23,000 claims have been fi
Read moreLondon close: Shares limp higher
24th May 2010 10:50
On an largely directionless day for Footsie, the leading share index was just a few points higher at trading's close. Shares in BP were under pressure again. The oil giant followed what has become a daily update on the oil leak situation in the Gulf of Mexico with an announcement that it will pay
Read moreLondon close: Footsie slides again on euro woes
20th May 2010 16:34
London took its place in line on another miserable day for European stock markets as concern about the health of Europe sparked a switch into bonds. US shares also slumped as German chancellor Angela Merkel issued more controversial comments, including advocating a hands-on global response to marke
Read moreLondon afternoon: Footsie lower on weak US
20th May 2010 14:24
Futures pointing to a sharp dip in US markets early on knocked blue chips in London as the afternoon session got underway. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy". The broker sa
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