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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: -5.40 (-1.05%)
Spread: 0.10 (0.02%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
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Monday newspaper round-up: Hong Kong, Royal Dutch Shell, BP

Mon, 29th Sep 2014 07:10

Hong Kong's leader made a dramatic appeal for calm last night, seeking to quash rumours that China's army was preparing to intervene in the pro-democracy protests that brought chaos to the former British colony. With tens of thousands of people blockading the centre of the city last night, several leading banks operating in Asia's financial hub urged staff to stay at home today. The protesters have vowed to occupy the centre of Hong Kong for the rest of the week, or until their demands are met. – The TimesRoyal Dutch Shell and BP are in the final running for a fiercely fought-over deal to operate some of the biggest onshore oil fields in the Persian Gulf, in what would be potentially a major triumph for British business in the region. Suhail Al-Mazrouei, minister of energy for the United Arab Emirates and a member of the Gulf state's powerful Supreme Petroleum Council, told The Telegraph that both British oil majors remained under consideration for the renewal of expired contracts to produce oil from Abu Dhabi's onshore fields. – The Daily TelegraphGeorge Osborne will scrap "punitive" levies on pensions today as he puts workers and savers at the heart of the Conservatives' tax-cutting election campaign. The chancellor will aim to steady the Tories with a string of promises to do more to reward employment after a disastrous start to the party's annual conference in Birmingham. – The TimesVirgin Money, the banking arm of Sir Richard Branson's corporate empire, is set to announce its IPO within days, making it the fourth bank this year to capitalise on solid demand for fresh shares. The financial services firm, which is 47%-owned by Sir Richard, was expected to float at a £2bn valuation next year, but according to reports its directors have been tempted to bring the date forward following a strong earnings report and a Scottish "no" vote. – The Daily TelegraphTesco chief executive David Lewis has ordered staff not to shred or delete documents as lawyers and accountants probing the huge profit shortfall at the supermarket giant conduct dozens of interviews. The investigation into the accounting scandal is likely to reach back into historic accounts and fears are mounting that the group could be forced to restate its results from last year.- Daily MailScotland's construction industry is "cautiously optimistic" about its prospects with more than four in ten employers expected to take on extra staff, a survey out today suggests. The findings of the latest Scottish Construction Monitor will provide a boost for a sector laid low by the economic downturn, when thousands of workers lost their jobs and a string of building firms went bust. However, bosses continue to express concern over skills shortages within the industry. – The Scotsman
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18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

Jan 18 (Reuters) - Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.

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18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

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17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

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16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

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16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

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16 Jan 2024 13:13

Shell in Nigeria

LONDON, Jan 16 (Reuters) - Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.

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12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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8 Jan 2024 19:48

Shell signs 20-year purchase deal with Canadian Ksi Lisims LNG project

Jan 8 (Reuters) - Global gas giant Shell has agreed to buy two million metric tons of liquefied natural gas (LNG) per year from Ksi Lisims LNG, partners in the proposed Canadian project said on Monday.

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8 Jan 2024 16:59

LONDON MARKET CLOSE: Stocks mixed as eyes on US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, with oil majors holding down higher gains in the FTSE 100 index.

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8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

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