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LONDON (Alliance News) - UK shares have opened higher Thursday amid holidays across Asia and Europe. The US Federal Reserve late Wednesday continued to taper its bond-buying programme, showing confidence in the US economic recovery despite a weak GDP reading earlier in the day.
LONDON (Alliance News) - Leni Gas & Oil PLC Monday said it had successfully started the first new development well at its Goudron field in Trinidad and was now pressing ahead with drilling. In a statement, the company said the well has been officially designated as GY-664. Last week,
Read moreLONDON (Alliance News) - Leni Gas & Oil PLC Friday said it has raised GBP1.4 million by way of a placing of 144.7 million shares at a placing price of 0.95 pence per share. The oil and gas exploration and development company said it plans to use the funds to assess a number of producing fie
Read moreLONDON (Alliance News) - AstraZeneca shares jumped Thursday after the pharmaceutical giant maintained its full-year guidance for 2014, even as its pretax profit dropped in the first quarter to end-March, hit by write-downs on the sale of its Alderley Park site and its acquisit
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Leni Gas & Oil (LGO) has decided to not appeal against the verdict in its legal action against fellow AIM explorer Mediterranean Oil & Gas (MOG). A High Court judge had dismissed the accusations and ruled that LGO should pay the group's legal costs on an 'indemnity basis' which means that MOG shoul
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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FTSE 100 - WINNERS
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Anglo American, up 3.2%. The mining company said production has broadly incr
LONDON (Alliance News) - Leni Gas & Oil PLC Thursday said it has decided not to appeal the recent UK court ruling against it in the case it brought against Mediterranean Oil and Gas PLC. The oil and gas exploration and development company said it will now remain focused on its core oil pro
Read moreLONDON (Alliance News) - RSA Insurance Group Chief Executive Stephen Hester Thursday went a long way to meeting his asset disposal target, selling the insurer's Polish and Baltic operations as part of its efforts to shore up its balance sheet in the wake of big losses in Irela
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS ------- RSA Insurance Group, up 2.3%. The insurer said it has sold its operations in the Baltics and Poland for GBP30
Read moreLONDON (Alliance News) - Leni Gas & Oil PLC Thursday said it has received approval to start drilling at the Goudron Field in Trinidad and its drilling rig is being moved to the field in preparation. The oil and gas exploration and development company said the Ministry of Energy and Energy A
Read moreLONDON (Alliance News) - Spirits and alcoholic beverage giant Diageo Thursday reported another dip in sales in the third quarter due to further volume declines and weaker Emerging Markets. The world's largest spirits producer, and a major producer of beer and wine, said that organic net sal
Read moreLONDON (Alliance News) - Mediterranean Oil & Gas PLC said Friday it has received the first payment from Leni Gas & Oil PLC for litigation costs after Leni's dispute over the July 2012 sale of its 10% interest in Malta Area 4 was not upheld. In March, Leni's fraudulent misrepresentation acti
Read moreLeni Gas & Oil said it had secured more time to complete a deal with Toronto-listed Maxim Resources to develop oilfields in Trinidad & Tobago. Leni and Maxim have agreed to extend the deadline for completing their heads of agreement pact until May 31st to allow Maxim to conclude a court case linked
Read moreLONDON (Alliance News) - Leni Gas And Oil PLC Thursday said it has further agreed to extend the deadline for the completion of its Maxim Resources Inc transaction by an additional 60 days. The oil and gas exploration and development company said the companies came to an agreement to extend
Read moreLeni Gas & Oil (LGO) has said it may appeal a High Court decision after it was ordered to pay costs after its bid to sue Mediterranean Oil & Gas (MOG) failed. LGO was ordered to pay MOG's legal costs on an indemnity basis and agreed to pay an initial £600,000 as an interim payment by April 10th. Th
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