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Aug 31 (Reuters) - Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast.
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(Alliance News) - Stocks in London reopened from a long weekend in a buoyant mood, dodging start-of-week losses as higher oil prices supported the FTSE 100's heavyweight energy majors.
Read moreAug 26 (Reuters) - UK stock indexes fell on Friday to log their biggest weekly decline since mid-June as concern mounted about a cost-of-living crisis and Federal Reserve Chair Jerome Powell said the U.S. central bank will raise rates further to try to tame inflation.
Read moreLONDON, Aug 25 (Reuters) - Centrica-owned British Gas said it would increase support for customers ahead of a rise in a price cap on default tariffs by contributing 12 million pounds ($14 million) of its 98 million first-half pre-tax profit to an energy support fund.
Read moreAug 24 (Reuters) - Commodity and financial stocks dragged the UK's FTSE 100 lower on Wednesday on worries about a slowdown in global economic growth, although a jump in AVEVA Group on buyout news and a weaker pound helped limit losses on the exporter-heavy index.
Read more(Alliance News) - Stocks in London closed in the red on Tuesday after another day of poor economic data from across the globe.
Read more(Alliance News) - Stocks in London closed in the red on Tuesday after another day of poor economic data from across the globe.
Read more(Alliance News) - A mixed bag of UK PMI readings weighed on stocks in London on Tuesday, offsetting gains from oil majors as concerns over Russian energy supply lifted commodity prices.
Read moreBP PLC - London-based oil major - On Monday notes its subsidiary Castrol Ltd signs a three-year strategic collaboration agreement with Shenzhen-based manufacturer BYD China. Goal is to "enhance the supply and promotion of Castrol ON advanced electric vehicle fluids for BYD’s zero-emissions vehicles", and it builds on the existing first-fill agreement, it says. Castrol says BYD sold 600,000 electric vehicles last year.
Read more(Alliance News) - Stock prices in London were lower at midday as markets priced in continued interest hikes by the US Federal Reserve and other major central banks.
Read more(Alliance News) - Stock prices in London opened lower on Monday on concerns about US Federal Reserve plans to keep hiking interest rates to tackle rampant inflation.
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(Sharecast News) - Interest rate sensitive segments of the FTSE 3500 dragged the index lower at the end of the week, as investors digested a flurry of Fed speakers overnight whose overarching message appeared to be that interest rates would remain higher for longer, although there were slight variations as to just how high.
Read moreAug 18 (Reuters) - The UK's FTSE 100 index rose on Thursday boosted by commodity shares, although gains were limited by a number of stocks trading ex-dividend and fears that rapid policy tightening by the Bank of England to tame inflation will trigger a recession.
Read more(Alliance News) - The FTSE 100 crept into the green on Thursday, with solid buying pressure in the afternoon aiding London's oil majors.
Read more(Alliance News) - Stocks in London struggled on Monday, but managed to end higher, even as China's central bank slashed key interest rates as a raft of data showed weakness in the world's second-largest economy.
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