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Independent oil and gas exploration and production company Max Petroleum saw its shares surge on Tuesday after it revealed positive results at the ZMA-E7 development well in the Zhana Makat Field. After reaching a depth of 997 metres, the well encountered hydrocarbons in line with its expectations
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LONDON (Alliance News) - Brokerage ICAP could now be hit by fines from the European Commission over the manipulation of yen Libor rates, after it said Tuesday it has received a so-called statement of objections from the EU's executive body, which it said it intends to fight vi
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
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Imperial Tobacco Group, up 0.5%. The cigarettes and tobacco company said it w
LONDON (Alliance News) - UK shares have opened mixed Tuesday, with AIM marginally outperforming larger stocks.
Goldman Sachs joined other brokers in issuing positive notes about AIM giant ASOS following its recent share price decline. Goldman added ASOS to its Convi
LONDON (Alliance News) - Max Petroleum PLC Tuesday said its ZMA-E7 development well in Kazakhstan's Zhana Makat Field has reached total depth and has successfully found an expected region of hydrocarbons. The Kazakhstan-focused oil and gas company said the well reached a depth of 997 metres
Read moreMax Petroleum's shares tumbled after saying it has completed drilling the KZIE-3 appraisal well without encountering sufficient hydrocarbons to be commercial. The oil company has plugged and abandoned the well, located in the East Kyzlzhar I field in Kazakhstan. The Zhanros ZJ-30 rig will move to
Read moreLONDON (Alliance News) - Max Petroleum PLC said Tuesday that it will plug and abandon the KZIE-3 appraisal well in the East Kyzylzhar I Field as it did not encounter sufficient hydrocarbons after drilling. The Kazakhstan-focused oil and gas company said it completed drilling the KZIE-3 appr
Read moreLONDON (Alliance News) - UK shares have opened higher Tuesday, catching up with gains made during the bank holiday Monday in Asia and Europe.
The mid-cap FTSE 250 is outperforming once again, led by AVEVA Group, which raised its total dividend and expressed confiden
The boss of Kazakhstan-focused oil & gas explorer Max Petroleum is leaving as part of a 4m US dollars cost-cutting drive. Max said Michael Young would step down immediately as President and Chief Financial Officer and would be replaced in the latter role by the group's Chief Accounting Officer and
Read moreLONDON (Alliance News) - Max Petroleum PLC Monday said cost-cutting measures, both completed and soon to be completed, will result in yearly ongoing cost reductions of around USD4 million. The oil and gas company focused on Kazakhstan said the USD4 million in costs savings, represent more t
Read moreLONDON (Alliance News) - British gas parent Centrica has issued a profit warning Thursday, blaming the extreme winter weather in the US but mild conditions in the UK, as well as the intense pressure that's been put on energy providers in the UK in recent months by politicians
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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Barclays, up 4.9%. Barclays has detailed plans to shrink its investment bank with a new round
LONDON (Alliance News) - Max Petroleum PLC Thursday said it had achieved further successful drilling results from its East Kyzylzhar I Field, finding two high quality reservoirs in its KZIE-4 appraisal well. The oil and gas company with operations in Kazakhstan said the KZIE-4 appraisal wel
Read moreLONDON (Alliance News) - Max Petroleum PLC Wednesday said it has successfully found a region of oil in an appraisal well at its East Kyzylzhar I Field. The oil and gas company with operations in Kazakhstan said the KZIE-5 appraisal well reached a depth of 1,295 metres and logs indicated a s
Read moreLONDON (Alliance News) - UK shares are flat to higher Wednesday following a firm close in the US.
Several UK blue-chips and mid-caps - including Reed Elsevier, ARM Holdings and MoneySupermarket.com - sought to provide reassurance a
