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Share Price: 460.00
Bid: 459.60
Ask: 459.80
Change: 0.00 (0.00%)
Spread: 0.20 (0.044%)
Open: 460.30
High: 463.35
Low: 458.30
Prev. Close: 460.00
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Monday newspaper round-up: Storms, RBS, Green levies

Mon, 28th Oct 2013 06:53

Millions were facing travel misery today as one of the worst storms in a decade swept over Britain - leaving more than 7,000 homes without power. Rail companies said that rush hour services have been delayed or cancelled and 50 short-haul flights from Heathrow had been cancelled by midnight. The tempest, dubbed St Jude after the patron saint of lost causes whose feast day falls today, is due to reach its peak in southern England and Wales during the morning rush hour. The Met Office said that hurricane-force winds would arrive at "the worst possible time" for commuters, The Times reports. Pressure is mounting on George Osborne to split Royal Bank of Scotland into 'good' and 'bad' banks. The Chancellor looks set to decide the future of the taxpayer-backed lender this week following a Government-commissioned review of the business. A decision could come on Friday when the bank publishes results for the third quarter of the year with analysts expecting profits of £440m. Former Tory Chancellor Lord Lawson, a member of the Parliamentary Commission on Banking Standards, yesterday urged Osborne to break up RBS, The Daily Mail says. Lady Susan Rice, the senior independent director at electricity and gas supplier SSE, has called for energy companies to be more "transparent" about the charges that their customers face. Rice, who is also managing director of Lloyds Banking Group's Scottish operations, said that greater transparency would help utility companies to regain the public's trust. Tomorrow the House of Commons' energy and climate change committee will question senior executives from the "Big Six" energy companies over the flurry of recent price rises, The Scotsman writes.David Cameron will lead Britain's attempt to become a global centre of Islamic finance and open the taps for fresh investment. The Prime Minister will speak tomorrow at the first World Islamic Economic Forum, at ExCeL London, where managers and ministers are hoping to drum up billions in Anglo-Muslim trade. The prize for Britain is attracting some of the world's $1.5trn (£928bn) of Islamic investment funds, potentially to fund large capital projects in energy and transport, according to The Times. Ed Davey, the Liberal Democrat energy secretary, has promised to "fight like a tiger" against Conservative attempts to cut green levies on gas and electricity bills. The senior coalition minister said he would not let the Tories touch subsidies for renewable energy or the fuel poor, describing it as a "red line", and pledged to beat the target of getting 30% of Britain's electricity from green sources by 2020. He spoke out after David Cameron said he wanted to roll back green charges on fuel bills that account for about £112 of the average £1,267 household bill for gas and electricity, The Guardian reports. British oil giants BP and Royal Dutch Shell are set to report plunging third-quarter profits this week, with both expected to say that they have been hit by weak refining margins and production outages, according to City analysts. Aside from tougher market conditions, analysts believe BP's Gulf of Mexico oil spill legal battles will weigh on its results expected on Tuesday. They predict increased US legal provisions will contribute to profits falling 37% to £4.9bn, The Daily Express writes. AB
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28 Dec 2023 09:02

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(Alliance News) - Stock prices in London opened slightly higher on Thursday, with investors feeling quietly optimistic on the penultimate day of trading for 2023.

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23 Dec 2023 12:30

Poland's Orlen files Venture Global LNG arbitration case -Bloomberg News

Dec 23 (Reuters) - Polish oil and gas firm Orlen has lodged an arbitration case against Venture Global LNG which alleges that the U.S. exporter of liquefied natural gas was not honouring a long-term contract, Bloomberg News reported on Saturday.

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22 Dec 2023 19:54

More ships carrying oil avoid Red Sea route

HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:29

More ships carrying oil avoid Red Sea route

HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:24

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday.

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22 Dec 2023 19:20

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday. (Reporting by Terje Solsvik, editing by Essi Lehto)

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22 Dec 2023 11:00

US offshore wind poised for success next year after turbulent 2023

NEW YORK, Dec 22 (Reuters) - The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.

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20 Dec 2023 18:16

US Gulf of Mexico oil auction is largest since 2015

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.

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20 Dec 2023 17:37

US Gulf of Mexico oil auction raises $382 million in high bids

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised more than $382 million on Wednesday, the highest total for a federal offshore oil and gas auction since 2015.

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20 Dec 2023 17:00

Sustainable Finance Newsletter - This time it's different for US SEC climate rules

Dec 20 (Reuters) -

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20 Dec 2023 15:36

Shipping container price surge to reverse due to overcapacity -logistics platform

MUMBAI, Dec 20 (Reuters) - Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back in three to nine months to levels seen in early December due to market overcapacity, the head of an online container logistics platform said on Wednesday.

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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

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19 Dec 2023 20:11

Norwegian Johan Sverdrup crude prices soar on Red Sea shipping issues

LONDON, Dec 19 (Reuters) - Prices for Norway's Johan Sverdrup crude soared on Tuesday, a move traders said could be linked to mounting concerns around the security of crude flows into Europe following maritime attacks by Yemen's Houthis in the Red Sea.

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19 Dec 2023 19:10

US launches Red Sea force as ships reroute to avoid attacks

Crisis is spillover from Israel-Hamas war

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19 Dec 2023 17:14

Shippers mask positions, weigh options amid Red Sea attacks

Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

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