London pre-open: No decision made on Hayward yet
26th Jul 2010 00:19
Relief at the relatively benign results of the European banking system stress test looks set to encourage buyers into the market at the outset, with the FTSE 100 expected to open around 30 points higher. Tony Hayward, the embattled BP chief executive, will collect a pay and pension package worth £1
Read moreUPDATE: Uganda Won't Approve Deal Until Heritage Oil Pays Tax
25th Jul 2010 12:22
(Adds comments from President's office) By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Uganda's government won't approve the sale of London-listed Heritage Oil PLC's (HOIL.LN) stakes in two exploration blocks in the Lake Albert basin to Tullow Oil PLC (TLW
Read moreUganda Won't Approve Deal Until Heritage Oil Pays Tax -Minister
25th Jul 2010 10:42
KAMPALA, Uganda (Dow Jones)--Uganda's government won't approve the sale of London-listed Heritage Oil PLC's (HOIL.LN) stakes in two exploration blocks in the Lake Albert basin to Tullow Oil PLC (TLW.LN) until Heritage first pays capital gains tax in full, the Minister of Energy and Minerals Developm
Read moreUganda Tax Official Advises Against Arbitration In Heritage Row
22nd Jul 2010 14:20
By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--The head of Uganda's tax body has advised the country's president against arbitration in a tax dispute with Heritage Oil PLC (HOIL.LN), according to a person familiar with the matter, though it isn't clear how the
Read moreMARKET TALK: Fortum 2Q 'Disappointing', Shares Seen Down
16th Jul 2010 08:18
0718 GMT [Dow Jones] Fortum Oyj (FUM1V.HE) 2Q earnings reporting a 9% fall in net profit are "disappointing" and weaker than expected with share prices likely to react negatively, says Kepler Capital Markets analyst Ingo Becker. "I still see the full-year down anyway, but I thought the pace would be
Read moreLondon close: Footsie slips after US slide
15th Jul 2010 16:37
Company news was generally well received today, but the leading share index took a downward turn after a poor opening on Wall Street. Mining stocks were out of favour as metals prices slipped. ENRC and Rio Tinto were among the strugglers. Global information services company Experian went well afte
Read moreLondon afternoon: Stocks perk up slightly
15th Jul 2010 13:06
London's leading shares are posting minimal gains in afternoon deals with Wall Street expected to start higher. Metal prices have recovered and mining stocks are not such a drag on the index as they were in the first few hours of trading, though Kazakhmys and Rio Tinto are amongst the major fallers
Read moreLondon midday: Footsie recovers equilibrium
15th Jul 2010 12:05
Leading shares are mixed, with laggards marginally in the majority among FTSE 100 constituents although the index itself ended the morning in positive territory. Metal prices have recovered and mining stocks are not such a drag on the index as they were in the first two hours of trading. Global in
Read moreLondon open: Miners offset positive company news
15th Jul 2010 08:20
London's blue chips have opened lower as weak miners overshadow a number of positive company statements. Kazakhmys is leading the fallers, closely followed by Xstrata, Eurasian Natural Resources, Antofagasta, Vedanta Resources, Lonmin and Rio Tinto. On the positive side, global information service
Read moreLondon pre-open: Dull start foreseen despite Glaxo verdict
15th Jul 2010 07:38
After London put in a strong finish yesterday there were hopes that the market would resume its advance today but last night's middling performance by US stock markets appears to have put paid to those hopes. Traders are expecting the FTSE 100 to open lower, probably by around 16 points. A cloud
Read moreTullow Oil makes oil find in Uganda
15th Jul 2010 07:15
Tullow Oil has found oil at its Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2. The group said the well has successfully encountered 10 metres of net oil pay after it was drilled to a total depth of 587 metres. The well has since been suspended for future re-entr
Read moreTullow Oil Nsoga-5 Well Encounters 10 Meters Of Net Oil Pay
15th Jul 2010 07:08
LONDON (Dow Jones)--Tullow Oil Plc (TLW.LN), an oil and gas company, announced Thursday that the Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2, has successfully encountered 10 meters of net oil pay. MAIN FACTS: -The Nsoga-5 appraisal well was drilled to a t
Read moreMARKET TALK: Royal Bank Of Scotland Cuts Tullow Oil Target
14th Jul 2010 14:40
1340 GMT [Dow Jones] Royal Bank of Scotland lowers Tullow Oil (TLW.LN) target price to 1475p from 1500p. It says Tullow's relative year-to-date underperformance against peers is likely to reverse in 2H10. "The Uganda farm-out process is an important hurdle, after which we expect the focus to fall on
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 14:40
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1340 GMT [Dow Jones] Royal Bank of Scotland lowers Tullow Oil (TLW.LN) target price to 1475p from 1500p. It says Tullow's
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 09:37
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0837 GMT [Dow Jones] Deutsche Bank cuts Tullow Oil (TLW.LN) price target to 1255p from 1295p. It describes FY '10 as a "p
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