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LONDON (Alliance News) - The following is a summary of top news stories Tuesday.
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COMPANIES
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Marks and Spencer Group PLC reported its third consecutive annual drop in a closely-watched profit measure, as the retailer con
LONDON (Alliance News) - Company acquisitions and disposals have roared back to the fore Tuesday, with RSA Insurance, London Stock Exchange, Wolseley, RPS, Cobham and others all making pre-market announcements
Read moreLONDON (Alliance News) - BP PLC has suffered a decisive setback in its court battle to limit the cost of its settlement for victims of the 2010 Deepwater Horizon disaster, leaving it with the option only of going to the US Supreme Court as a last chance to avoid billions of dollars of additional
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(Adds BP statement, paragraph 4) By Dan Levine May 19 (Reuters) - A U.S. appeals court will not revisit a decision to reject BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if those businesses could not trace their economic losses to
Read moreMay 19 (Reuters) - A U.S. appeals court on Monday rejected BP Plc's request to revisit an adverse ruling in the company's settlement over the 2010 oil spill in the Gulf of Mexico, according to a court filing. The March decision, from the 5th U.S. Circuit Court of Appeals in New Orleans, had
Read moreBAKU, May 19 (Reuters) - Azeri state energy company SOCAR's exports of natural gas are set to fall to 2.6 billion cubic metres (bcm) in 2014 from 2.84 bcm last year on lower volumes to Russia, a SOCAR official said on Monday. There will be lower exports from gas fields where SOCAR operates
Read moreBAKU, May 19 (Reuters) - Azerbaijan's oil exports dropped by 0.9 percent year-on-year in the first four months of 2014 due to a decline in oil production at its main fields, where BP has a major interest, a source at the State Customs Committee said. The source said Azerbaijan exported 11.
Read moreLONDON (Alliance News) - The following UK shares received analyst recommendations Monday morning:
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FTSE 100
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GOLDMAN RAISES INTERCONTINENTAL HOTELS PRICE TARGET TO 2410 (2180) PENCE - 'BUY'
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BERENBERG RAISES RSA INSU
LONDON (Alliance News) - UK stocks are set to open flat to fractionally higher Monday, following a modestly higher close on Wall Street Friday, but with a dearth of macro-economic data scheduled to be released, investors may focus on an early-morning flurry of UK corporate news. US stocks e
Read moreMOSCOW, May 17 (Reuters) - Russia could reduce its stake in oil producer Rosneft this year, bringing forward a privatisation that had been scheduled for 2016, the economy minister was quoted as saying on Saturday. Vedomosti newspaper reported last week, citing two government sources, that R
Read moreLONDON (Alliance News) - BP PLC Friday said Chief Executive Robert Dudley was allotted 115,766 American Depositary shares at a price of USD50.665 each Thursday under the Executive Directors' Incentive Plan for 2011 to 2013. Following this transaction, Dudley now holds 61,355 ADSs. The
Read more* Oil output at ACG falls to 7.9 mln T in Q1 * Oil exports from ACG rise to 75 mln barrels * Gas output at Shah Deniz falls to 2.32 bcm from 2.42 bcm (Adds more info, background) By Margarita Antidze TBILISI, May 15 (Reuters) - Oil output at BP-led fields in Azerbaijan
Read moreTBILISI, May 15 (Reuters) - Oil output at BP-led fields in Azerbaijan fell 1.99 percent in the first quarter of 2014 and gas output from the Shah Deniz field declined 4.1 percent, BP-Azerbaijan said on Thursday. Falling output at Azeri, Chirag and Guneshli (ACG) oilfields, the biggest oil
Read more(Corrects paragraph 15 to up to 15 percent, not up to 20 pct) * Industry pays little or no tax on 2 bln stg annual revenues * Tax change to cap intra-group deductions for rig leasing * MPs criticise tax authority for leniency to business * Tax authority accepts transfer pr
Read moreCAIRO, May 14 (Reuters) - Egypt's debt to foreign oil companies operating in the Arab country was $5.9 billion by the end of April, the head of the state-run oil company said in remarks published on Wednesday. Money owed to foreign oil majors including BP and BG Group totalled $4.9 billion
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