London open: Blue chips head lower
7th Jul 2010 08:45
London's blue chips have retreated after the surge yesterday with a cautious update from Marks & Spencer dampening the mood. The High Street bellwether reported a 3.6% rise in UK like-for-like sales in the first quarter but is cautious about the outlook for consumer confidence and spending. Like fo
Read moreLondon pre-open: Shares to retreat
7th Jul 2010 07:39
London's blue chips look set to drop once again as investors mull a mixed bag of company results. City experts expects Footsie to give up 45 points after finishing just three points shy of its high point yesterday. High Street bellwether stock Marks and Spencer reported a 3.6% rise in UK like for l
Read moreHeritage Oil Advised That Asset Disposal Not Taxable In Uganda
7th Jul 2010 07:18
LONDON (Dow Jones)--Heritage Oil PLC (HOIL.LN), an independent upstream exploration and production company, said Wednesday the Government of the Republic of Uganda has provided conditional consent for the disposal of its assets in Uganda, and has received advice that the disposal of the assets is no
Read moreTullow gets approval for Heritage buy
7th Jul 2010 07:11
Tullow Oil can proceed with the $1.5bn acquisition of a 50% stake in two big oil fields in Uganda from Heritage Oil after the government gave approval after months of wrangling. Tullow exercised its first refusal rights over blocks 1 and 3A in the Albert Basin in Uganda after Heritage agreed to sel
Read moreLondon close: Footsie ends on a high
6th Jul 2010 17:01
The FTSE 100 finished just three points shy of its high point for the day as miners, particularly copper miners, drove the market higher. Copper producers Antofagasta and Kazakhmys were the two best performers as the price of copper rose the most in a week on the back of declining stockpiles. Mini
Read moreUPDATE:Heritage To Pay 30% Of Tax On Tullow Deal Now-Uganda Min
6th Jul 2010 15:56
(Adds comments from permanent secretary.) By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Heritage Oil Ltd. (HOIL.LN) has agreed to pay up front 30% of the disputed $404 million capital gains tax bill on the sale of its Uganda assets to Tullow Oil
Read more2nd UPDATE: Uganda Govt OKs Heritage Oil Asset Sale To Tullow
6th Jul 2010 15:18
(Adds Uganda Energy Minister comment) By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in Heritage Oil Ltd. (HOIL.LN) rose sharply Tuesday as the Ugandan government gave its long-delayed approval to the sale of its Uganda assets to Tullow Oil PLC (TLW
Read moreHeritage To Pay 30% Of $404M Tax On Tullow Deal Now-Uganda Min
6th Jul 2010 14:42
By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Heritage Oil Ltd. (HOIL.LN) has agreed to pay upfront 30% of the disputed $404 million capital gains tax bill on the sale of its Uganda assets to Tullow Oil PLC (TLW.LN), Ugandan Energy and Minerals Minis
Read moreUPDATE: Uganda Govt OKs Heritage Oil Asset Sale To Tullow
6th Jul 2010 14:19
(Adds share price move, background.) By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Uganda's government has approved Heritage Oil Ltd.'s (HOIL.LN) sale of its Uganda assets to Tullow Oil PLC (TLW.LN) and the entrance of Total SA (TOT) and China National
Read moreLondon afternoon: Rally continues
6th Jul 2010 14:03
London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold
Read moreUganda Govt: Approves Heritage Oil Asset Sale To Tullow
6th Jul 2010 13:55
LONDON (Dow Jones)--Uganda's government has approved Heritage Oil Ltd.'s (HOIL.LN) sale of its Uganda assets to Tullow Oil PLC (TLW.LN) and the entrance of Total SA (TOT) and China National Offshore Oil Company (CEO) into a partnership with Tullow to develop oil discoveries, officials at Tullow and
Read moreLondon midday: Equities advance on broad front
6th Jul 2010 12:14
Footsie ended the morning sporting a triple digit gain with just a couple of index constituents failing to participate in the advance. Banks and miners are vying to drive the market higher with miners winning through weight of numbers. Antofagasta, Kazakhmys, Xstrata, ENRC and Rio Tinto are the s
Read moreMARKET TALK: Tullow 1H Very Successful - Charles Stanley
6th Jul 2010 12:12
1112 GMT [Dow Jones] Tullow Oil's (TLW.LN) update shows the company has had a very successful 1H, with 73% drilling success, says Charles Stanley. Also notes some exciting prospects for 2H, in particular Owo-1 in Ghana. Says '10 will be a landmark year for the group as its Jubilee field comes on str
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
6th Jul 2010 12:12
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1112 GMT [Dow Jones] Tullow Oil's (TLW.LN) update shows the company has had a very successful 1H, with 73% drilling succes
Read more3rd UPDATE:Heritage Up 6% As Tullow Expects OK For Uganda Deal
6th Jul 2010 11:26
(Adds analyst comment.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in Heritage Oil Ltd. (HOIL.LN) rose 6% after Tullow Oil PLC (TLW.LN) said it believes it will receive approval from the Ugandan government Tuesday to purchase Heritage's Lake Albert oil licenses for
Read more