London midday: Shell leads advance
22nd Dec 2009 11:50
With two of its five most heavily weighted constituents notching up rises in excess of 2%, the FTSE 100 had a good morning session. Royal Dutch Shell and GlaxoSmithKline are the two heavy hitters boosting the blue-chip index's performance. Oil giant Shell gets a boost from firmer oil prices while d
Read moreHardy Oil strikes for third time
22nd Dec 2009 09:57
Hardy Oil and Gas has bounced off a nine-month low after announcing the third successive gas discovery in the exploration block KG-DWN-2003/1 (D3) of NELP-V in India. The potential commerciality of well KGV-D3-R1 is being assessed through more data gathering and analysis, it said. Hardy holds a 1
Read moreHardy Oil begins drilling at D3 license
3rd Nov 2009 12:31
India-focused Hardy Oil and Gas has sunk to its lowest in five months despite announcing the start of drilling at exploration well KGV-D3-R1 on the KG-DWN-2003/1 (D3) exploration license. The drilling rig, in water depth of about 1,964m, will proceed to a target depth of 4,710m to explore the hydro
Read moreLondon close: Footsie stays strong
23rd Oct 2009 16:31
Footsie shrugged off a surprise fall in GDP to post good gains after rising on the back of well-received US results. The economy shrank by 0.4% in the third quarter, confounding analysts' expectations of a return to growth and suggesting that further stimulus measures may be on the cards. It is t
Read moreLondon afternoon: Big gains for blue chips
23rd Oct 2009 14:36
London's blue chips have roared away despite unexpectedly bad gross domestic product figures, with mining stocks leading the advance. The economy shrank by 0.4% in the third quarter, confounding analysts' expectations of a return to growth and suggesting that further stimulus measures may be on the
Read moreLondon midday: Miners bolster Footsie
23rd Oct 2009 12:20
UK share prices have shrugged off unexpectedly bad gross domestic product figures, with mining stocks leading the advance. The economy shrank by 0.4% in the third quarter, confounding analysts' expectations of a return to growth and suggesting that further stimulus measures may be on the cards. It
Read moreHardy Oil abandons first D9 well
23rd Oct 2009 07:37
Exploration and production energy company Hardy Oil and Gas had a disappointing result with the first of four wells to be drilled in the D9 exploration licence in India. The exploratory well KGD-A1 was drilled to a total depth of 4,875m and encountered some background gas, but the reservoir sands i
Read moreHardy Oil & Gas starts drilling at D9 well
1st Sep 2009 07:55
Hardy Oil and Gas has spudded the first well on the D9 (KG-DWN-2001/1) exploration license located in the Krishna Godavari basin on the East Coast of India. Hardy holds a 10% participating interest in the license which covers an area of about 11,605 km2. 'We are delighted to announce the drillin
Read moreTuesday tips round-up: Fresnillo, Michael Page, Shaftesbury
18th Aug 2009 06:05
Fresnillo argues that the twin drivers ? fundamental demand from industry and speculative investment by hoarders ? will keep silver's price buoyant over the next year. However, a glance at the price shows that it has decoupled from gold and in recent months has been more influenced by base metals. I
Read moreLondon close: Shares plunge as sell-off continues
17th Aug 2009 16:09
The global sell-off triggered by weak consumer confidence figures from the US on Friday continued, sending Footsie deep into the red. US stocks are also trading deep in the red as traders worry that nervous consumers will dampen the economic recovery. Asian markets were down overnight despite Jap
Read moreLondon afternoon: Equities pare losses
17th Aug 2009 14:46
The FTSE 100 had a good lunch-time session, trimming the morning's losses, but it remains firmly in the red, with miners leading the way down. Concerns grow about the health of the US economy are weighing on mining companies. With consumers reticent to play their part in a demand-led recovery inves
Read moreLondon midday: Deep in the red
17th Aug 2009 11:59
London's benchmark index is posting deep losses as miners weigh on the market on worries that the recent gains may have been overdone. Concerns grow about the health of the US economy following Friday's dismal consumer sentiment data. Asian markets were down overnight, while US futures also point l
Read moreLondon open: Miners lead decline
17th Aug 2009 08:22
London's top stocks started the week on a weak note with miners leading the fallers in early trading Monday morning. Xstrata is the worst performer, closely followed by Kazakhmys, Vedanta Resources, Antofagasta, Anglo American, Lonmin and Old Mutual. Fresnillo is also down after the silver miner s
Read moreHardy Oil & Gas posts H1 pre-tax loss
17th Aug 2009 07:30
Oil and gas exploration and production firm Hardy Oil & Gas reported a first half pre-tax loss of $5.4m compared with a profit of $9.7m the year before. Revenue at the India-focused firm fell to $5.8m for the six months ended 30 June 2009 from $9.9m the year before. Hardy posted a net loss of $4.3m
Read moreSunday tips round-up: Petrofac, Hardy Underwriting, BP
14th Jun 2009 10:33
Things just seem to be getting better and better for oil services group Petrofac says the Telegraph. The group designs, builds and operates oil and gas facilities as well as trains personnel and develops exploration and production projects. The company has more than doubled its backlog this year t
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