Comment: More data needed on Getech
27th Oct 2009 17:47
In normal times, a sharp rally in the oil price would bode well for companies that provide services to big oil firms, but unfortunately for Getech these are not normal times. Getech, which provides oil and gas companies with geophysical data to help them track down the black gold, fell into losses
Read moreLondon close: Footsie clings on
27th Oct 2009 16:47
Footsie managed to close with gains despite spending some of the day in the red, with oil giant BP leading the risers. BP climbed after it kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreLondon afternoon: London jolted by US consumer confidence data
27th Oct 2009 14:35
An unexpected fall in US consumer confidence in October has had a knock-on effect back in Blighty, with the FTSE 100 relinquishing most of the gains amassed during the morning. Household goods group Reckitt Benckiser shrugged off the recession during the third quarter, reporting a big jump in profi
Read moreLondon midday: Oil fuelled advance
27th Oct 2009 12:14
Better than expected results from BP have given the market a lift but banking shares have declined to join the party. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreLondon open: BP heads advance
27th Oct 2009 08:35
BP has helped investors get over last night's three-figure dive on Wall Street, leading London higher in early deals. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shareholders came
Read moreLondon pre-open: Modest rise seen for Footsie
27th Oct 2009 07:40
London is refusing to dance to Wall Street's tune and looks set to open higher, despite the triple digit fall on the Dow yesterday. Index heavyweight BP kicked off the oil majors results season with third quarter figures that showed a smaller than feared drop in profits. Profit attributable to shar
Read moreGetech swings to loss
27th Oct 2009 07:25
Getech swung to a full-year loss and scrapped its final dividend as the fall in crude prices hurt the oil data analysis specialist. The group reported a loss before tax of £627,901 in the 12 month ended 31 July compared with a profit of £900,000. Revenue was down 20% at £3.31m. In view of the trad
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