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London equities added to the previous day's gains although a late pull-back ensured that rises were not as extensive as yesterday. Oil stocks and pharmaceuticals led the way higher. Cairn Energy enjoyed another strong day after it announced yesterday that it would start its drilling programme in G
Read moreLeading shares came off the top over the lunch time period but most are still sporting reasonable gains, leaving the Footsie still within striking distance of its high for the year. Oil stocks are driving the index higher, particularly Cairn Energy and Royal Dutch Shell. Cairn Energy is enjoying
Read moreWith two of its five most heavily weighted constituents notching up rises in excess of 2%, the FTSE 100 had a good morning session. Royal Dutch Shell and GlaxoSmithKline are the two heavy hitters boosting the blue-chip index's performance. Oil giant Shell gets a boost from firmer oil prices while d
Read moreHardy Oil and Gas has bounced off a nine-month low after announcing the third successive gas discovery in the exploration block KG-DWN-2003/1 (D3) of NELP-V in India. The potential commerciality of well KGV-D3-R1 is being assessed through more data gathering and analysis, it said. Hardy holds a 1
Read moreIndia-focused Hardy Oil and Gas has sunk to its lowest in five months despite announcing the start of drilling at exploration well KGV-D3-R1 on the KG-DWN-2003/1 (D3) exploration license. The drilling rig, in water depth of about 1,964m, will proceed to a target depth of 4,710m to explore the hydro
Read moreFootsie shrugged off a surprise fall in GDP to post good gains after rising on the back of well-received US results. The economy shrank by 0.4% in the third quarter, confounding analysts' expectations of a return to growth and suggesting that further stimulus measures may be on the cards. It is t
Read moreLondon's blue chips have roared away despite unexpectedly bad gross domestic product figures, with mining stocks leading the advance. The economy shrank by 0.4% in the third quarter, confounding analysts' expectations of a return to growth and suggesting that further stimulus measures may be on the
Read moreUK share prices have shrugged off unexpectedly bad gross domestic product figures, with mining stocks leading the advance. The economy shrank by 0.4% in the third quarter, confounding analysts' expectations of a return to growth and suggesting that further stimulus measures may be on the cards. It
Read moreExploration and production energy company Hardy Oil and Gas had a disappointing result with the first of four wells to be drilled in the D9 exploration licence in India. The exploratory well KGD-A1 was drilled to a total depth of 4,875m and encountered some background gas, but the reservoir sands i
Read moreHardy Oil and Gas has spudded the first well on the D9 (KG-DWN-2001/1) exploration license located in the Krishna Godavari basin on the East Coast of India. Hardy holds a 10% participating interest in the license which covers an area of about 11,605 km2. 'We are delighted to announce the drillin
Read moreFresnillo argues that the twin drivers ? fundamental demand from industry and speculative investment by hoarders ? will keep silver's price buoyant over the next year. However, a glance at the price shows that it has decoupled from gold and in recent months has been more influenced by base metals. I
Read moreThe global sell-off triggered by weak consumer confidence figures from the US on Friday continued, sending Footsie deep into the red. US stocks are also trading deep in the red as traders worry that nervous consumers will dampen the economic recovery. Asian markets were down overnight despite Jap
Read moreThe FTSE 100 had a good lunch-time session, trimming the morning's losses, but it remains firmly in the red, with miners leading the way down. Concerns grow about the health of the US economy are weighing on mining companies. With consumers reticent to play their part in a demand-led recovery inves
Read moreLondon's benchmark index is posting deep losses as miners weigh on the market on worries that the recent gains may have been overdone. Concerns grow about the health of the US economy following Friday's dismal consumer sentiment data. Asian markets were down overnight, while US futures also point l
Read moreLondon's top stocks started the week on a weak note with miners leading the fallers in early trading Monday morning. Xstrata is the worst performer, closely followed by Kazakhmys, Vedanta Resources, Antofagasta, Anglo American, Lonmin and Old Mutual. Fresnillo is also down after the silver miner s
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