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Ophir fails to find oil in well offshore Gabon
26 Jun 2014

Ophir fails to find oil in well offshore Gabon

LONDON, June 26 (Reuters) - Oil explorer Ophir Energy said on Thursday it failed to find any significant volumes of oil at its Okala-1 well in the Mb...

MARKET COMMENT: Oil Stocks Buoy FTSE, BoE Rattles Pound, FOMC In Focus
18 Jun 2014

MARKET COMMENT: Oil Stocks Buoy FTSE, BoE Rattles Pound, FOMC In Focus

LONDON (Alliance News) - The major UK stock indices closed higher Wednesday, led by oil stocks as the worsening crisis in Iraq drove up oil prices, wh...

MARKET COMMENT: Oil Stocks Lift UK Market As BoE Rattles Pound
18 Jun 2014

MARKET COMMENT: Oil Stocks Lift UK Market As BoE Rattles Pound

LONDON (Alliance News) - The major UK stock indices are trading higher Wednesday, while the pound jumped to an almost five-year high against the dolla...

FTSE 250 movers: Petra Diamonds sparkles after latest discovery
13 Jun 2014

FTSE 250 movers: Petra Diamonds sparkles after latest discovery

Miner Petra Diamonds has recovered an "exceptional" 122.52-carat blue diamond at its Cullinan mine in South Africa. "The rarity of a blue diamond of t...

UK BROKER RATINGS: Investec Cuts RBS To Sell From Hold
12 Jun 2014

UK BROKER RATINGS: Investec Cuts RBS To Sell From Hold

LONDON (Alliance News) - The following UK shares received analyst recommendations Thursday morning and Wednesday afternoon:----------FTSE 100---------...

UK MORNING BRIEFING: AstraZeneca Signs Asthma Deal With Synairgen
12 Jun 2014

UK MORNING BRIEFING: AstraZeneca Signs Asthma Deal With Synairgen

LONDON (Alliance News) - UK shares have opened flat Thursday, following negative trading in the US and Asia overnight. AstraZeneca is the third bigges...

Smaller firms will lead East Africa's oil and gas development
10 Jun 2014

Smaller firms will lead East Africa's oil and gas development

* East Africa's huge gas reserves a big lure; proximity to Asia attractive * Smaller explorers set to kick start development * Majors cut investments ...

UK MIDDAY BRIEFING: Tesco Sales Slump Continues
4 Jun 2014

UK MIDDAY BRIEFING: Tesco Sales Slump Continues

LONDON (Alliance News) - Tesco Wednesday reported a sharp drop in sales in the first quarter of its financial year, as Britain's biggest supermarket c...