Petro Matad, a petroleum explorer based in Mongolia, has received government approval for the farm-out to BG Group for a 78% interest in its interests in blocks IV and V in central Mongolia. The firm still requires with one further condition to be satisfied by BG Group, after which it will release a
Read moreShares in BG Group jumped on Tuesday thanks to the oil market recovery and the acquisition of Mongolian assets. Oil market benchmarks recovered following declines in pre-Easter trading as Iranian nuclear talks ended in a settlement. The natural gas company entered into an agreement with Petro Matad
Read moreLONDON (Alliance News) - HSBC Holdings Wednesday reported a 20% drop in first-quarter pretax profit, driven by a weak performance Asia, Latin America and its investment bank, that was only partially offset by lower impairment charges and continued cost cutting.
In a
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Legal & General Group, up 3.2%. The group said it expects to write more