London open: Flat start for Footsie
8th Jun 2010 08:41
Footsie is moving sideways this morning with investors unsettled by the late fall on Wall Street last night. Tesco is the big story. Chief executive Sir Terry Leahy is to retire next March with Philip Clarke moving up to take his place as CEO at the UK's top supermarket chain. Leahy steps down af
Read moreLondon pre-open: Footsie to edge higher
8th Jun 2010 07:42
Footsie is expected to edge up in early dealings after closing in the red yesterday. Demand at the World Cup and a pick-up in business elsewhere means temporary power and temperature control services firm Aggreko expects performance this year will be significantly better than previously anticipate
Read moreRockhopper raises £48.5m through placing
8th Jun 2010 07:10
Falkland Basin oil explorer Rockhopper has wasted little time in tapping shareholders after its recent discoveries in the South Atlantic. The firm is to raise £48.5m through a placing of 17.3m new shares at 280p apiece, a small discount to last night's close of 290p. Last Friday, Rockhopper upgrad
Read moreFalkland Oil & Gas non-exec sells shares
24th May 2010 17:07
The wife of Falkland Oil and Gas Ltd's non-executive finance director has sold shares at near to an all-time high for the share price. The FOGL share price has been boosted by Rockhopper Exploration's oil discovery in the North Falkland Basin. FOGL is exploring to the south of the Falkland Islands
Read moreLondon close: Eurozone worries batter Footsie
19th May 2010 16:36
European concerns were behind sharp falls in shares today as plans by Germany to slap a ban on short-selling of European bonds, credit default swaps and ten of Germany's biggest financial groups spooked investors. German chancellor Angela Merkel's warning that Europe is facing its greatest crisis i
Read moreLondon afternoon: Experian provides isolated cheer
19th May 2010 14:13
Leading shares trimmed their losses over the lunchtime session but the predominant colour on the Footsie leaderboard remains red. Mining companies lead the retreat on fears that Germany's decision to impose an immediate ban on "naked short selling" of euro-denominated government bonds and also cred
Read moreRockhopper faces short wait for Falklands estimate
19th May 2010 12:53
Oil explorer Rockhopper will know in 10-15 days exactly how big its discovery in the North Falkland Basin is. The firm drilled well 14/10-2 on the Sea Lion prospect down 2,744m during the 35 days it had hired the rig for. It's now been suspended for future testing. "Based on that timetable, the co
Read moreLondon close: Shares roar ahead after euro deal
10th May 2010 16:37
Markets were focused on the European debt crisis situation rather than the continuing political uncertainty here and, with European ministers having agreed a €720bn deal to prop up the euro, shares soared more than 200 points. Banks Barclays, Lloyds and Royal Bank of Scotland (RBS) all racked up do
Read moreLondon afternoon: BP misses out
10th May 2010 14:18
It's almost a clean sweep among FTSE 100 constituents for stocks on the rise, with the notable exception of BP, which continues to be dragged down by mounting expenses for its oil spill clean-up. Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at
Read moreLondon midday: Surge continues
10th May 2010 12:43
Footsie has continued its upward surge on the back of a €720bn deal to prop up the euro agreed by ministers at the weekend. The three-year plan includes €60bn (£52bn) from all EU members, €440bn (£381bn) from the 16-nation eurozone and €220bn from the IMF. Footsie has bounded forward by over 5%.
Read moreRockhopper tests show Falklands strike is oil
10th May 2010 08:16
Rockhopper Exploration has found that samples recovered from a test well in waters off the Falkland Islands have all shown to be oil, indicated a good quality reservoir and a mobile crude oil. Wireline fluid and pressure testing of 14/10-2 well on the Sea Lion prospect in the North Falkland Basin a
Read moreLondon close: Greece pulls Footsie down again
6th May 2010 16:43
Footsie ended the day sharply lower as Greece's problems reared up again and investors fretted about the outcome of today's election. Banks were hit hard as ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, HSBC and even Asia-foc
Read moreLondon afternoon: Banks throw a Moody
6th May 2010 14:16
Footsie's morning gains evaporated over the lunch time session as fears over the debt crisis spreading from Greece reared up again. Banks were hit hard as ratings agency Moody's warned that the UK lenders are "at risk of Greek contagion". Barclays, Royal Bank of Scotland, HSBC and even Asia-focus
Read moreRockhopper takes off after Falklands find
6th May 2010 14:06
Rockhopper Exploration has generated huge excitement after claiming the first oil find in the potentially lucrative waters off the Falkland Islands. Well 14/10-2 on the Sea Lion prospect in the North Falklands Basin drilled down 2,744 metres, and initial data indicates the well is an oil discovery,
Read moreDesire still hopeful despite Falklands disappointment
20th Apr 2010 07:58
Oil and gas explorer Desire Petroleum, which faced disappointment last month as early drilling results in its campaign around the Falkland Islands failed to meet expectations, said it remains upbeat about the area's potential and will start drilling again later this year. The firm, which has been
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