London close: Stocks turn red on return from Easter break
2nd Apr 2024 15:22
(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.
Read moreLondon close: Stocks finish firmer ahead of Easter break
28th Mar 2024 16:08
(Sharecast News) - London's equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.
Read moreIthaca profits slump on UK tax levy; Sees lower output in 2024
27th Mar 2024 07:29
(Sharecast News) - North Sea oil and gas producer Ithaca Energy on Wednesday said it was looking at a potential tie-up with Italy's largest energy firm Eni covering its UK assets and reported a slump in annual profits blaming the British government's energy tax and project impairments.
Read moreLondon close: Stocks manage gains despite UK recession news
15th Feb 2024 14:55
(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.
Read moreIthaca Energy sees FY results, production in line with guidance
15th Feb 2024 07:49
(Sharecast News) - Independent North Sea oil and gas explorer Ithaca Energy said full year earnings would be in line with guidance.
Read moreLondon close: Stocks finish red after US payrolls beat
5th Jan 2024 17:38
(Sharecast News) - London stocks ended the trading day in negative territory on Friday as investors considered the latest UK construction data and a fresh non-farm payrolls report out of the US.
Read moreIthaca Energy CEO Alan Bruce steps down
5th Jan 2024 07:10
(Sharecast News) - Ithaca Energy chief executive Alan Bruce has stepped down with immediate effect "to pursue new opportunities", the North Sea oil and gas producer said on Friday.
Read moreLondon close: Stocks finish choppy session in the red
27th Sep 2023 14:13
(Sharecast News) - London's stock markets presented a downbeat picture at the close of Wednesday's trading session.
Read moreIthaca Energy to buy out Shell stake in Cambo field
12th Sep 2023 07:33
(Sharecast News) - UK oil and gas producer Ithaca Energy on Tuesday said it was buying the remaining 30% stake in the West Shetland Cambo field from Shell UK.
Read moreIthaca H1 profits rise on higher production
23rd Aug 2023 07:03
(Sharecast News) - Ithaca Energy said it expected lower production levels next year in response to the UK government's windfall tax, despite reporting a strong rise in first half profits as higher production and falling costs offset lower oil and gas prices.
Read moreIthaca Energy to buy remaining stake in Fotla discovery
12th Jul 2023 07:05
(Sharecast News) - Ithaca Energy announced the signing of a sale and purchase agreement on Wednesday to acquire the remaining 40% stake in the Fotla discovery, along with three exploration licenses, from Spirit Energy Resources.
Read moreIthaca Energy reports solid first-quarter production growth
31st May 2023 07:10
(Sharecast News) - Ithaca Energy reported a 9% increase in group adjusted EBITDAX in its first quarter on Wednesday, reaching $518.1m.
Read moreIthaca, Shell strike deal on Cambo stake sale
5th May 2023 07:04
(Sharecast News) - Ithaca Energy on Friday said it had struck a deal with Shell to market the latter's 30% stake in the giant Cambo North Sea oil and gas prospect.
Read moreIthaca Energy completes restart of Pierce field to allow gas transport
18th Apr 2023 08:03
(Sharecast News) - Ithaca Energy said it had completed the restart of its Pierce field in the UK Central North Sea, after an upgrade to allow gas to be produced after years of the field producing only oil.
Read moreIthaca Energy cuts output guidance, cites UK windfall tax as profits soar 193%
30th Mar 2023 07:04
(Sharecast News) - North Sea oil and gas producer Ithaca Energy on Thursday lowered annual production and capital expenditure guidance, citing the UK government's windfall tax, operational delays and lower volumes despite almost trebling profits in 2022.
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