London close: Footsie dives as miners reverse course
8th Jul 2009 17:04
The decline of the Footsie gathered pace in the final hour as miners, which had provided some measure of support for the blue-chip index for most of the day, turned lower. As global equity markets continue to retreat life assurance stocks were the main losers. Aviva, Legal & General and Prudential
Read moreLondon afternoon: Downward drift continues
8th Jul 2009 15:36
The majority of blue-chip stocks remain lower on the day, though heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its clients to take advantage of recent share price weakne
Read moreLondon midday: Footsie still flat
8th Jul 2009 12:02
On another directionless day with little in the way of company news to guide sentiment, Footsie sits just in the blue. Heavily weighted miners are limiting the extent of the fall on Footsie after positive broker comment this morning. Investec has upgraded Rio Tinto and BHP Billiton, advising its c
Read moreLondon open: Down as banks await fate
8th Jul 2009 09:00
Footsie has slipped in early dealings after a three-digit fall on Wall Street last night. Miners are going well despite the fall on Wall St overnight led by Rio Tinto, BHP Billiton and Antofagasta. Banks will be in focus later on when Chancellor Alistair Darling unveils the government's White Pape
Read moreMelrose on target at half-way point
8th Jul 2009 07:19
Oil and gas firm Melrose Resources is proceeding as expected at its oil and gas fields in Egypt, although recent government elections have held things up in Bulgaria. Production averaged approximately 16,000 barrels of oil equivalent per day (boepd) on a net entitlement basis versus current full ye
Read moreMelrose Resources ramping up production
19th May 2009 08:15
Oil and gas firm Melrose Resources has raised its production forecast for 2009 by around 5%, reflecting continued strong performance of its Egyptian assets and the earlier than expected start of production at its South Zarqa and North East Abu Zahra projects. The net entitlement production forecast
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