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Investec kept a 'hold' stance on oil major BP, but said that the company's first-quarter trading update showed a 'solid start to the year'. "We do not expect any major changes to either our forecasts or consensus. BP is trading broadly in line with the sector which, given current Russian risk, look
Read moreInvestec kept a 'hold' stance on oil major BP, but said that the company's first-quarter trading update showed a 'solid start to the year'. The broker said that results from BP were broadly in line with forecasts, "with a strong oil and gas trading performance offsetting a weaker rouble and a $0.5b
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* FTSE 100 index rises 0.6 percent * Shire advances on report of new takeover bid * BP up; raises dividend, promises more share buybacks * St. James's Place gains on positive update By Tricia Wright LONDON, April 29 (Reuters) - Britain's top shares hit a seven-week h
Read more(Corrected to show Cairn Energy has started drilling, paragraph 8) By Aziz El Yaakoubi MARRAKESH, Morocco, April 29 (Reuters) - Morocco will drill 30 oil and gas wells in 2014 as part of the North African kingdom's planned expansion of exploration, its energy minister said on Tuesday
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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
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