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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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US pharmaceutical company Allergan is preparing to approach Shire PLC about a potential takeover bid, according to people famil
* Ups dividend to 9.75 cents from 9.5 cents per share * Q1 profit $3.2 bln vs $3.1 bln consensus forecast * Rosneft contribution down 75 pct vs. Q4 2013 * Shares up 0.8 pct (Adds analyst comment, share price) By Sarah Young and Karolin Schaps LONDON, April 29 (Reut
Read more* FTSE 100 index rises 0.4 percent * Shire surges on report of new takeover bid * St. James's Place gains on positive update By Atul Prakash LONDON, April 29 (Reuters) - Britain's top share index climbed to a seven-week high on Tuesday, boosted by merger and acquisition ne
Read moreLONDON (Alliance News) - BP PLC Tuesday announced an increased quarterly dividend despite pretax profit falling significantly in its first quarter, as lower revenues and a fall in other income hit the oil and gas major. BP said pretax profit fell 73% to USD5.27 billion for the three months
Read more* Australia expected to become top net importer of diesel in Asia * South Korean refiners most aggressive targeting Australia * Refiners such as GS Caltex and S-Oil have spare capacity * Also able to make the clean-burning fuel Australia wants By Jane Chung and Meeyoung Ch
Read moreLONDON (Alliance News) - Shares have opened higher Tuesday following positive leads from US and Asian markets and amid a slew of FTSE 100 and FTSE 250 company trading updates.
St. James's Place has reported a surge in funds under management in the first quarter and
- Q1 production down 8.5 per cent - Q1 underlying profit down 23 per cent YOY - Profit up 14.3 per cent on Q4 2013 - Dividend of 9.75 cents, up 8.3 per cent - Q2 production to be lower due to maintenance Profits for the first quarter at BP fell 23 per cent year-on-year, slightly ahead of consensus
Read moreLONDON (Alliance News) - UK stocks are set to open slightly higher Tuesday, adding to the modest gains posted on Monday, as investors await the latest reading of UK gross domestic product. The FTSE 100 closed modestly higher on Monday after it received a boost from pharmaceutical companies,
Read moreLONDON, April 29 (Reuters) - British oil firm BP posted quarterly profit slightly above forecasts and upped its dividend for the second time in six months, in line with a pledge made earlier this year to focus on returning more cash to shareholders. The company on Tuesday posted underlying
Read more(The author is a Reuters columnist and the opinions expressed are his own. For more from John Wasik see http://link.reuters.com/syk97s) By John Wasik CHICAGO, April 28 (Reuters) - Although it's easy to get distracted by the turmoil in Ukraine, the trickle of economic growth in Western
Read more* Federal Circuit revives claim by BP, Chevron, Shell * Oil companies dumped toxic sludge near Los Angeles * Litigation began in 1991 By Jonathan Stempel April 28 (Reuters) - A divided U.S. appeals court on Monday revived efforts by oil companies to force the federal gover
Read moreThe Tuesday session will see a raft of corporate results hit the tape in London, including finals from the likes of Petropavlovsk and Whitbread, alongside interim management statements from Jardine Lloyd Thompson Group, National Express Group, Redrow and SEGRO. For its part, St.James's Place will up
Read moreLONDON (Alliance News) - The UK's blue-chip index closed modestly higher Monday, outperforming its smaller peers, after its sixth-largest constituent by market capitalisation, AstraZeneca, rose sharply after US drugs giant Pfizer Inc confirmed that it has now twice approached
Read moreKiev/Washington (Alliance News) - The US and the EU on Monday imposed a new round of sanctions against Russia as eastern Ukraine slipped further into chaos. The US Treasury Department blacklisted seven Russian officials and 17 companies who it linked to Russian President Vladimir Putin's in
Read more(Repeats to remove extraneous text) LONDON, April 28 (Reuters) - British oil major BP said it intends to remain a long-term investor in Russia's Rosneft following a decision by the United States government to impose sanctions against the head of the Russian energy company. "We are co
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