FTSE 100 movers: Bid speculation propels BP
12th Jul 2010 15:50
Bid speculation continues to push the BP share price higher. Exxon Mobil and Chevron have been told by the White House that it will not block a bid for BP. There is also speculation that BP is in talks with US independent oil company Apache over the sale of some of its assets in a deal that could
Read moreLondon afternoon: Resource stocks hog the action
12th Jul 2010 14:24
Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains. BP said the cost of the clean-up in the Gulf of Mexico has risen t
Read moreLondon midday: BP a bright spot in lacklustre Footsie
12th Jul 2010 12:01
Shares in BP have jumped on takeover talk and hopes that it is making progress as it caps the oil leak in the Gulf of Mexico, but Footsie is little changed overall. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, alt
Read moreLondon open: A struggle after bright start
12th Jul 2010 08:45
London is struggling to hold onto its bright start despite a good morning for shares in beleaguered oil giant BP. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, although some say that figure could eventually hit $70
Read moreLondon pre-open: Winning streak to continue
12th Jul 2010 07:49
It looks like London could extend its winning streak to five sessions after Wall Street rallied Friday afternoon, with futures prices indicating an early 11-point gain. BP will be in focus again. It said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and
Read morePetrofac secures lucrative Romanian contract
12th Jul 2010 07:15
Oil industry services giant Petrofac has won its first production enhancement services contract in Romania after tying up a deal with Petrom, which owns the Ticleni oilfield and its eight satellite fields. Petrofac will provide production enhancement services to Petrom, Romania's biggest oil and ga
Read morePetrofac Gets Production Enhancement Pact By Petrom In Romania
12th Jul 2010 07:06
LONDON (Dow Jones)--Petrofac Limited (PFC.LN), an international oil and gas facilities service provider, said Monday it has been awarded a Production Enhancement services contract by Petrom in Romania. MAIN FACTS: -Petrofac's Production Solutions business will provide production enhancement
Read moreShell To Award Deals To Develop Iraq's Oil Field
7th Jul 2010 04:53
(This item was originally published Tuesday.) By Hassan Hafidh Of DOW JONES NEWSWIRES Royal Dutch Shell PLC (RDSA) and its Iraqi state partner are in the process of awarding a deal to drill new oil wells at Iraq's super giant Majnoon oil field in southern Iraq, the head of Iraq's state-r
Read moreUPDATE: Shell To Award Deals To Develop Iraq's Oil Field
6th Jul 2010 09:45
(Adds details and background) By Hassan Hafidh Of DOW JONES NEWSWIRES Royal Dutch Shell PLC (RDSA) and its Iraqi state partner are in the process of awarding a deal to drill new oil wells at Iraq's super giant Majnoon oil field in southern Iraq, the head of Iraq's state-run South Oil Co.
Read moreShell To Award Deals To Develop Iraq's Oil Field - Official
6th Jul 2010 07:53
By Hassan Hafidh Of DOW JONES NEWSWIRES Royal Dutch Shell PLC (RDSA) and its Iraqi state partner are in the process of awarding a deal to drill new oil wells at Iraq's supergiant Majnoon oil field in southern Iraq, the head of Iraq's state-run South Oil Co. Dhiaa Jaafar said Tuesday. Sh
Read moreLondon close: Flat finish
30th Jun 2010 15:56
A jumpy start on Wall Street did nothing to steady a volatile Footsie, but despite all the fluctuations the leading index finished hardly changed on the day. London lost 272 points in June, the third monthly decline in a row, and traded a range of well over 400 points. Miners ENRC, Kazakhmys and A
Read moreLondon afternoon: Miners spoil the party
30th Jun 2010 14:15
The Footsie turned south over the lunch time session as traders took note of the US stock futures market which indicates US markets will open mixed and miners took a turn for the worse. Anglo-Swedish drugs giant AstraZeneca is still the best performer after it received a favourable US ruling in it
Read moreLondon midday: Respectable gains for Footsie
30th Jun 2010 11:58
Gains in London are now approaching respectable, buoyed by strong demand for heavy hitters in the pharmaceuticals and energy sectors. Anglo-Swedish drugs giant AstraZeneca is the best performer after it received a favourable US ruling in its battle to keep control of the patents to its best-selling
Read moreLondon close: Footsie dives on economic concerns
29th Jun 2010 16:31
London's leading shares ended with heavy losses as concerns about the global economy resurfaced again. Traders were nervy in Europe about bank payments that need to be made to the European Central Bank this week, while triple-digit falls on Wall Street added to London's woes. As in London, US in
Read moreFTSE 100 movers: China knocks miners
29th Jun 2010 15:26
Disappointing economic figures in China have knocked markets around the world and the Footsie's high concentration of mining companies has made the drop worse. China's April growth rate has been downgraded by US based research group the Conference Board. There are no risers in the Footsie. Nine out
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