Sector movers: Oil firms fall back
30th Nov 2009 12:41
Oil and gas firms have fallen back in spite of a rise in crude prices after the United Arab Emirates' central bank said it would take measures to protect its lenders against any potential default by Dubai World. Crude climbed above $76 in New York, but oil stocks are lower, including giants BP and
Read moreLondon midday: Share prices steady down
30th Nov 2009 12:09
UK share prices are stabilising at lower levels after hopes of a continued rebound from the Dubai-inspired shake-out on Thursday were quashed by disappointing UK consumer confidence figures. Figures from market research firm Gfk NOP showed consumer sentiment fell to -17 from -13 in October. Middle
Read moreLondon open: Footsie wobbles on Dubai slump
30th Nov 2009 08:36
News of heavy selling in the Middle East, which began trading for the first time today following the four-day Muslim holiday of Eid, had markets in retreat Monday. Futures prices had indicated an early 30-point gain for London after Asian markets rallied on expectations the potential fallout from t
Read moreCairn takes full control of exploration subsidiary
30th Nov 2009 07:15
Oil and gas firm Cairn Energy is to make Capricorn a wholly owned subsidiary by buying out minority shareholder Dyas BV. Cairn is acquiring Dyas’s 9.99% stake in the exploration focused Capricorn for$95m, to be satisfied through a mixture of newly issued shares and cash. Cairn will also hand over
Read moreLondon pre-open: Rally to continue
30th Nov 2009 06:56
The recovery from Thursday's Dubai drubbing looks set to continue, with dealers predicting the FTSE 100 will open around 30 points higher. Pre-tax profits were ahead of expectations in the year to September 30 at travel operator Thomas Cook, as the increased ticket prices to cope with falling custo
Read moreFriday tips round-up: AstraZeneca, Kazakhmys, Standard Life
30th Oct 2009 06:11
AstraZeneca posted a sparkling set of third-quarter results on Thursday, sending analysts scurrying away to upgrade their numbers. Pre-tax profits rocketed by 24pc, on revenues up 5pc. On closer inspection, however, the results were flattered by a series of ?one-off gains. The Telegraph recommended
Read moreLondon close: Shares end near session high
29th Oct 2009 16:23
London's top stocks closed near its session high on news that the US economy grew faster than expected in the third quarter. Traders loved news that the US economy grew 3.5% annually in the last quarter, more than expected and the fastest rate of increase in two years. Part-nationalised bank Lloyd
Read moreLondon afternoon: Blue chips track US advance
29th Oct 2009 14:55
America's return to growth in the third quarter, stronger UK banks and a better mining sector have propelled London far into the blue Thursday. Traders loved news that the US economy grew 3.5% annually in the last quarter, more than expected and the fastest rate of increase in two years. Part-nati
Read moreLondon midday: Banks shine but Footsie falls
29th Oct 2009 12:05
Shareholders in Royal Dutch Shell are grateful to Lloyds Banking Group for wresting investor attention away from the Anglo-Dutch company's poorly received results, as the part-nationalised bank confirmed it is contemplating digging an escape tunnel from the government's asset protection scheme. Llo
Read moreCairn Energy lifts Indian production
29th Oct 2009 11:13
Oil and gas group Cairn Energy continued lifting production at its Indian operations in the third quarter and said the average realised price per barrel of oil was $51.48p. The firm produced its first oil from the Mangala field in Rajasthan on 29 August and said it is now producing about 10,0000 ba
Read moreLondon close: Blue chips slip lower
16th Oct 2009 16:50
London's blue chips closed lower as investors used a 100 point plus fall for the Dow as an excuse to take profits. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning. Oil plays BP, Royal Dutc
Read moreLondon afternoon: Stocks remain lower
16th Oct 2009 14:54
London's blue chips are still in the red in midday dealings after the Dow dropped more than 100 points in the US. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning. Oil plays BP, Royal Dutch
Read moreLondon midday: Footsie gains evaporate
16th Oct 2009 12:07
London is back where it finished yesterday's session as a sell-off in the mining sector on weaker metal prices gathered pace near lunchtime. Many of the major commodity plays, including Xstrata, Rio Tinto and Anglo American had enjoyed gains in early deals, but investors lost interest late morning.
Read moreLondon open: Oil spike lifts Footsie
16th Oct 2009 08:45
Footsie has opened stronger helped by an improvement on Wall Street last night and strong demand for oil stocks after a spike in crude prices. National Express, though, is the main talking point. The price has crashed by more than a quarter as investors face the prospect of a hefty rights issue af
Read moreCairn agrees Petronas farm-out, India stake sale
14th Oct 2009 14:27
Cairn Energy has agreed to farm out a 10% interest in its existing six operated blocks offshore Greenland and sell a stake in its Indian business to Malaysia's Petronas. The Edinburgh-based oil and gas exploration and production company said Petronas has upped its stake in Cairn India (CIL) by 2.3%
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