Gulfsands Petroleum Share News (GPX)
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GlaxoSmithKline's first-quarter results showed strategic progress in the group's mission to move away from "white pill/western markets" to emerging economies and consumer products. The results were ahead of market expectations and showed good progress in its strategic plan. Trading on a December 2
Read moreA poor start in the US added to Footsie's woes, sending the leading share index deep into the red by the trade of closing going into the weekend. Mining stocks were a drag on the index with BHP Billiton and Rio Tinto lower ahead of the release over the week-end of the Australian government's review
Read moreAn attempt at a rally midway through the lunch time session had fizzled out before traders had finished digesting their midday repast, despite expectations of a firmer start on Wall Street. Mining stocks are proving a drag on the index with BHP Billiton and Rio Tinto lower ahead of the release ove
Read moreFootsie's morning has moved from lacklustre to disappointing, with the blue-chip index now firmly in the red. Banking giant Barclays is dragging the index lower, despite the group reporting a 47% increase in first quarter profits. Concern over the retail business has offset bumper profits from Barc
Read moreLondon's top stocks have made only modest gains so far despite the big rise on Wall St overnight. BP and Barclays are weighing on the index. The oil spilling out of the damaged rig in the Gulf of Mexico is now starting to come ashore in Louisiana and the scale of disaster has sent BP shares lower a
Read moreGulfsands Petroleum has again rejected the 315p a share bid proposal from Oil India Limited and Indian Oil Corporation, first made last month and reiterated again earlier this week. The Syria-focused explorer turned down the £381m approach and saw no reason why it should consider the latest unchang
Read moreForget all the fuss about what you can or can't see through an airport full-body scanner ? a clear picture was provided yesterday by a company that makes these devices, as Smiths Group released first-half results. Chief executive Philip Bowman's overhaul of Smiths through the creation of a series
Read moreRising commodity prices, US strength and some well-received company updates sent London to a fresh 21-month closing high Tuesday. The leading index hasn't finished up at this level since 19 June 2008 and is just one decent session away from breaking through 5,700. Cairn Energy was easily the most
Read moreLondon's leading shares consolidated gains over the lunch-time trading session after notching up solid gains in the morning. Cairn Energy remains the stand-out performer among blue-chips by some distance. The oil group raised its forecast for peak production from its Indian assets by over a third t
Read moreGulfsands Petroleum has confirmed that bid approach it rejected last week was pitched at price of 315p per share, which would value the whole company at about £381m. The board of Gulfsands, which Syria-focused, reiterated again today it considered the offer to be too low. "As stated on 19 March
Read moreLondon has pulled back from last week's 21-month high after Wall Street's eight-day winning streak ended Friday. Royal Dutch Shell is in the news, after Australian coal bed methane producer Arrow Energy agreed to a raised bid worth A3.4bn (£2.06bn) bid from the UK oil giant and partner PetroChina.
Read moreGulfsands Petroleum has agreed to acquire working interest positions in two exploration permits in Tunisia (Chorbane and Kerkouane Permits) and one exploration permit in Southern Italy from AuDAX Resources. The group, which rejected a bid approach from an unnamed consortium on Friday, says the fo
Read moreFootsie reached levels not seen since 2008 in afternoon dealings, but the gains dwindled after a poor start in the US and the leading share index finished just a few points in the blue. Banks led the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combin
Read moreFootsie marked time over the lunch time session after hitting levels in the morning session not seen since June 2008. Banks continue to lead the way after an upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Danie
Read moreRisers outnumber fallers by around four to one among FTSE 100 constituents as the market continues to enjoy a sentiment boost from an impromptu and upbeat trading update from Lloyds Banking Group. Lloyds will be profitable on a combined businesses basis in 2010, chief executive Eric Daniels claimed
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