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The FTSE 100 has run out of puff and is now flat despite good gains for BP. BP - more specifically last year's disastrous oil spill - is in focus again, but the oil giant's shares are higher after it said MOEX, part of the Japanese trading house Mitsui and the 10% owner of the Macondo oil well that
20 May 11 12:07Stocks have opened higher on a quiet day on the company news front, consolidating recent gains and moving closer to the psychologically important 6,000 point mark. BP - more specifically last year's disastrous oil spill - is in focus again, but the oil giant's shares are higher after it said MOEX,
20 May 11 08:30MOEX Offshore 2007, which holds a 10% interest in the Macondo oil well at the centre of last year's Gulf of Mexico oil spill disaster, has made peace with BP over the Deepwater Horizon oil rig accident. MOEX and its affiliates, Mitsui Oil Exploration and MOEX USA, have joined BP in accepting the fi
20 May 11 08:12Investors have rounded on the BP chief executive Bob Dudley, architect of the "shambolic" Rosneft deal that finally collapsed yesterday, demanding that he carry out a fundamental strategic rethink. BP insisted yesterday that a deal with the Russian state-controlled company could still be revived and
18 May 11 06:01India-focused energy firm Essar Energy is the best performer after it reported a "solid operating performance" in the first quarter with total generation 10% higher than the same period the year before. Mobile telecommunications giant Vodafone is one of the high risers after strong growth in emerg
17 May 11 15:35BP has confirmed reports that Russian state-controlled oil company Rosneft has opted not to extend the deadline for a share swap transaction but the oil giant said it remains committed to Russia. The swap was part of an agreement that would have given BP an interest in offshore Arctic exploration a
17 May 11 08:16The City will miss out on £1bn of fees if the Government goes ahead with an unusual method of bank privatisation recommended yesterday by Lord Saatchi and other influential Conservatives. The Centre for Policy Studies think-tank, chaired by the Tory peer, has urged the coalition to shun a normal sal
17 May 11 06:24After a calm start following good gains yesterday, shares took a sharp dive into the red as economic worries resurfaced. Despite a strong first start to the year, terrestrial broadcaster ITV, one of today's strugglers, has warned that it is facing tougher comparatives in the current quarter, meanin
11 May 11 16:51Argentinian energy firm Andes Energia is providing a spark in the electricity sector after profits leapt 450% in 2010, due primarily to the performance of its stake in an electricity distributor. The group recorded a profit before tax of $22m on revenue of $171m for the year. This compared to a pr
11 May 11 15:43Terrestrial broadcaster ITV is the worst performing stock after warning that it is facing tougher comparatives in the current quarter, meaning that the firm could underperform the market in the first half. Banking giant HSBC is lower after announcing that it is to cut costs and may abandon some bu
11 May 11 14:44Shares are seeking direction following yesterday's big gains, with stocks moving in both directions on the back of updates. Despite a strong first start to the year, terrestrial broadcaster ITV has warned that it is facing tougher comparatives in the current quarter, meaning that the firm could und
11 May 11 12:13The Footsie has opened up lower, with ITV providing a drag, taking a tumble in early trading. Despite a strong first start to the year, terrestrial broadcaster ITV has warned that it is facing tougher comparatives in the current quarter, meaning that the firm could underperform the market in the fi
11 May 11 08:29City sources predict the FTSE 100 will open 14 points up from yesterday's close of 5,6019, as London looks set to follow in Wall Street's foot steps. Banking giant HSBC has unveiled some details of its new strategic plan in which it will direct investment to fast growing markets while cutting back
11 May 11 07:32It has been a year in waiting, but oil titan BP has finally received approval by regulators to complete the purchase of ten Brazilian exploration and production blocks from Devon Energy. The Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) has been deliberating the $7.2bn deal si
11 May 11 07:15Miner Antofagasta is leading the decline on Wednesday after reporting production figures that missed expectations. Group copper production for the first three months of the year came in at 129,800 tonnes, below forecasts of 158,800 tonnes, reflecting delays and lower-than-budgeted grades at two of i
4 May 11 13:51
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