Lloyds Banking Group is facing a legal attack over its calamitous takeover of HBOS in 2008. A class action lawsuit, bringing together more than 6,000 investors that owned shares at the time, has been planned to force the company to release emails and other documents dating back to the deal, "to find
Read moreShell's £47bn takeover offer for BG Group not only sent shares in the natural gas outfit soaring on Wednesday, but gave other stocks in the sector a big boost. The deal sparked speculation that it may mark the start of a new round of industry consolidation, not seen since the late 1990s, as business
Read moreOil explorer and producer Afren confirmed on Tuesday the appointment of Alan Linn as its new chief executive. The company said the board has agreed in principle with Linn's appointment, who is expected to take up the position after the $300m bailout agreement has been completed. Afren anticipated th
Read moreNatural resources shares led the London market with mining companies reversing pre-Easter declines in the first day of trading after the festive period. At 15:55 BST on Tuesday, the FTSE 100 was trading up 1.93% or 131.79 points at 6965.25. Mining companies lifted the market, being among the best pe
Read moreStruggling oil production company Afren has reportedly selected its new chief executive and will unveil the appointment this week. According to the Sunday Times, former head of Roc Oil Alan Linn has been selected for the position. The once hugely successful business saw its share price tumble 99% a
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