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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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Thursday newspaper round-up: Europe banks, SSE, BP

Thu, 13th Oct 2011 06:04

Europe's banks may be asked to accept losses of up to 50% of their holdings in Greek sovereign debt, it emerged yesterday. The call could come after EU leaders gather for a summit on October 23 to forge a once-and-for-all solution to the crisis that has engulfed the eurozone, according to officials in Brussels, the Times reports.Weak European lenders should be barred from paying dividends and bonuses until they move to strengthen their capital buffers, the European Commission's president said yesterday, as he stepped up pressure for co-ordinated action to shore up the banking system ahead of a summit of eurozone leaders this month. Jose Manuel Barroso told the European Parliament that despite "billions of euros in aid and guarantees" since the financial crisis, lenders remained under pressure because of the sovereign debt crisis, the Independent reports.The chief executive of Scottish and Southern has turned on the other 'Big Six' energy suppliers, accusing some rivals of "predatory pricing" that keeps out small competitors. Ian Marchant, who runs the £12.5bn utility company, pledged to stay away from loss-leading tariffs that mean long-term customers are subsidising new ones, says the Telegraph.BP, Transocean and Halliburton, the three companies at the heart of the Deepwater Horizon disaster last year, have been formally charged by the US government with breaches of offshore regulations, in a move that could lead to the first official penalties arising from the accident. The Interior Department's Bureau of Safety and Environmental Enforcement, the new regulator formed at the start of the month from what had been the old Minerals Management Service, said the three companies had between them breached regulations 15 times, the Financial Times reports.When you next book a ticket with Ryanair, you might want to consider how much liquid you drink before you step on board - because there could be quite a queue for the toilets. Or 'toilet', to be more precise. Ever keen to cut costs and raise revenues, the budget airline has announced plans to remove two of the three lavatories from its planes - a move that it believes will allow space for up to six extra seats, the Daily Mail reports.Angry MPs have accused Britain's top Revenue official of misleading parliament following a deal with Goldman Sachs that allowed the US investment bank to avoid more than £10m in tax penalties. Margaret Hodge, chair of the public accounts committee, claimed someone at HM Revenue & Customs had lied to parliament after leaked documents appeared to show that the refusal by Dave Hartnett, permanent secretary for tax at HMRC, to disclose details of the deal was contradicted by advice from his own officials, according to the Guardian.
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12 Apr 2024 07:56

UAE's ADNOC said to have recently considered BP takeover

(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

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11 Apr 2024 14:41

Senegal says oil, gas and mine contracts will be reworked if needed

DAKAR, April 11 (Reuters) - Senegal's new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed.

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10 Apr 2024 08:41

Johnson Matthey and BP win deal for US sustainable aviation fuel plant

(Alliance News) - Johnson Matthey PLC and BP PLC on Wednesday said their technology offering has been selected for use in a sustainable aviation fuel plant being built in the US state of Louisiana.

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10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

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9 Apr 2024 17:26

Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

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9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

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9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

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9 Apr 2024 10:21

PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

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9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

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9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

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