Sunday newspaper round-up: RBS, Shell, Cobham, BT, banks
15th May 2016 17:01
(ShareCast News) - Royal Bank of Scotland is examining a range of radical options to help speed the long-delayed separation and flotation of its Williams & Glyn subsidiary, including a potential divestment of its NatWest brand. Banking sources have indicated to the Sunday Telegraph that RBS and its
Read morePetroceltic advises shareholders to take no action on Worldview bid
3rd Mar 2016 14:22
(ShareCast News) - AIM-listed oil and gas company Petroceltic International has told its shareholders to take no action as regards Worldview's 3p per share offer, which it believes undervalues the group. Worldview, which has a 29.6% stake in Petroceltic, made the offer on Friday through its subsidia
Read morePetroceltic completes exit from Egyptian licences
18th Feb 2016 15:56
(ShareCast News) - Petroceltic continued its refocus on Algeria on Thursday, announcing the completion of the sale of certain exploration licences in Egypt to its joint venture partner Edison International. The AIM-traded oil and gas exploration and production company had initially announced the sal
Read morePetroceltic rockets as Worldview considers full takeover
22nd Jan 2016 12:33
(ShareCast News) - Shares in Dublin-based oil and gas explorartion company Petroceltic International rocketed after major shareholder Worldview Capital Management said it was considering making a full takeover approach for the group. Cayman Islands-based Worldview, which has a 29.6% stake in Petroce
Read morePetroceltic adds recruitment firm director to board
25th Aug 2015 13:34
(ShareCast News) - Petroceltic International has appointed Progility executive Hugh Cawley to its board. Cawley, who has been finance director at the recruitment and training company since 2015, was to become a non-executive director at Petroceltic with immediate effect, the oil and gas explorer sai
Read morePetroceltic's director accused of fraud by Worldview Capital
20th Aug 2015 09:02
(ShareCast News) - The ongoing row between Petroceltic International and Worldview Capital Management has taken a new turn, after the latter has published an open letter alleging the company has committed "fraud and corruption". Worldview Capital, Petroceltic's largest shareholder with a 29% stake,
Read morePetroceltic jumps after drawing shortlist for Algeria project
19th Aug 2015 08:51
(ShareCast News) - Shares in Petroceltic International rose almost 6% early on Wednesday, after the oil and gas explorer said it had shortlisted four potential contractors for its flagship Ain Tsila gas field in Algeria. Along with its joint venture partners, the group carried out a preliminary proc
Read morePetroceltic and Worldview renew feud over bond issue
16th Jul 2015 10:49
(ShareCast News) - Upstream oil and gas explorer Petroceltic said it has received a letter from its largest shareholder Worldview Capital Management Ltd. demanding an extraordinary general meeting. Earlier this month, Worldview claimed that the London-listed group had run out of money, jeopardised a
Read morePetroceltic shares dip as full year losses widen
29th Jun 2015 08:42
Oil and gas explorer Petroceltic posted a $271.9m pre-tax loss on Monday, sending its share price lower. Petroceltic shares were at 104p at 8:51 on Monday, falling by 4.15% off their opening price after the company posted its full-year result. The company, which last year posted a pre-tax loss of $
Read morePetroceltic International pulls out of Dinarta licence on falling crude prices
25th Mar 2015 11:04
Oil explorer Petroceltic International has confirmed it will pull out of the Dinarta licence in Iraqi Kurdistan because of the decline in oil prices and disappointing well results. The Irish group, which owns 16% of the joint venture alongside oil and gas producer Hess Corp, said it had agreed to wi
Read morePetroceltic International raises 2014 guidance and reassures about gas prices
15th Jan 2015 16:38
Europe- and North Africa-focused oil and gas group Petroceltic International has raised its production guidance for 2014 and reassured that most of its output is tied to fixed-price gas contracts. On of AIM's largest exploration, development and production companies, Dublin-headquartered Petroceltic
Read moreSunday newspaper round-up: BP, Sainsbury, Premier Foods
7th Dec 2014 17:59
BP will shed middle managers and put projects on hold as it deals with the falling price of oil, the Sunday Times reported. Finance Director Brian Gilvary told the paper headcounts were falling across all operations and that it would cut the estimated price of oil it uses for budgeting. Gilvary said
Read morePetroceltic chief increases holding after Dragon Oil walks away from potential bid
1st Dec 2014 16:05
Brian O'Cathain, the chief executive officer of Petroceltic, made a show of faith in the oil group on Monday after learning that Dragon Oil was no longer planning to make an offer for the company. O'Cathain, who took up his role in 2007, spent £123,512 purchasing 106,660 shares at 115.8p, taking his
Read moreDragon Oil pulls the plug on Petroceltic takeover
1st Dec 2014 07:35
Ireland-based oil producer Dragon Oil has decided not to proceed with its proposed takeover of sector peer Petroceltic due to weak market conditions. "Dragon Oil now confirms that, in the light of prevailing market conditions, it no longer intends to make an offer for Petroceltic," the company said
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
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