Genel Energy Share News (GENL)

IN BRIEF: Genel Energy promotes interim CEO Paul Weir to permanent CEO

Genel Energy PLC - London-based oil company focused on the Kurdistan region - On Monday promoted interim Chief Executive Officer Paul Weir to CEO role on permanent basis. He became interim CEO in June 2022, after former CEO Bill Higgs stepped down. At the firm's annual general meeting in May, Higgs did not receive the required 50% majority of votes in favour of re-election as a director of the board.

UK dividends calendar - next 7 days

IN BRIEF: Genel receives USD56.3 million from Kurdistan for May oil

Genel Energy PLC - London-based oil company focused on the Kurdistan region - Receives a total payment of USD56.3 million from the Kurdistan regional government relating to oil sales during May. Notes that it is now owed USD46 million by Kurdistan for oil sales from November 2019 to February 2020 and a suspended override from March to December 2020, reduced by 21% from USD58 million owed in late July.

Genel Energy ups full-year production guidance at Tawke field

(Alliance News) - Genel Energy PLC on Thursday reported the first quarterly increase in production at the its Tawke field since 2015.

LONDON BROKER RATINGS: Macquarie ups Virgin Money; Citi cuts Centrica

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

IN BRIEF: Genel Energy ups interim revenue on higher average oil price

Genel Energy PLC - London-based oil company focused on the Kurdistan region - In the first half of 2022, sees pretax profit surge to USD126.1 million from USD25.6 million the previous year. Revenue jumps to USD245.6 million from USD151.5 million despite production falling to 30,420 barrels of oil per day from 32,760 bopd year-on-year. This is due to significantly higher brent oil prices which averaged at USD108 per barrel in the half, up from USD65 per barrel a year prior. Interim dividend maintained at USD0.06 per share.

Genel Energy profits grow amid oil price surge

(Sharecast News) - Genel Energy posted a rise in first-half profits and revenue on Tuesday as oil prices surged.

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

SMALL-CAP WINNERS & LOSERS: ProCook sinks after serving profit warning

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Genel Energy CEO steps down after vote against board re-election

(Alliance News) - Genel Energy PLC on Friday said Chief Executive Officer Bill Higgs has stepped down from the role with immediate effect.

Genel Energy CEO steps down after failing to secure re-election votes

(Sharecast News) - Oil production company Genel Energy revealed on Friday that chief executive Bill Higgs failed to receive the required 50% majority of votes in favour of re-election at the group's annual general meeting and has now agreed to step down from the role with immediate effect.

LONDON MARKET PRE-OPEN: GSK get positive RSV vaccine trial results

(Alliance News) - Equities in London are seen opening lower on Friday with investors cautious ahead of key US inflation data at 1330 BST.

Genel appoints interim CFO Clement to role on permanent basis

(Alliance News) - Genel Energy PLC on Friday said that interim Chief Financial Officer Luke Clement has been appointed to the role on a permanent basis.

LONDON BROKER RATINGS: BofA cuts Aviva to neutral but ups Rightmove

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

LONDON BRIEFING: Sage looks to Business Cloud for sales silver lining

(Alliance News) - Accounting software firm Sage Group on Friday left its full-year outlook unchanged, after what it called a strong first-half performance, with its Business Cloud offering leading a rise in recurring revenue.