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5 Nov 2014 14:40

Shell pushes S.Africa to end four-year shale gas licence delay

* Karoo believed to hold vast shale gas reserves * Shell licence application nearly four years old * Firm has committed $200 million to exploration By Ed Cropley JOHANNESBURG, Nov 5 (Reuters) - Royal Dutch Shell pushed South Africa on Wednesday to decide on its applicatio

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4 Nov 2014 16:23

FTSE 100 movers: Associated British Foods climbs after cheering 'magnificent' year for Primark

Full-year earnings and dividends from Associated British Foods were up 6% on the prior year despite revenues falling 3%. Shares were higher after the company reported a "magnificent" year for its Primark clothing chain, where operating profits jumped 30%. Cigarette maker Imperial Tobacco gained as i

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4 Nov 2014 16:13

London close: Markets spring leak as oil prices tumble

The falling price of crude oil and precious metals left markets struggling to get a grip on Tuesday. The price of a barrel of US light crude fell nearly 3% to about $76.5 a barrel and Brent crude dipped below the $83 mark, dragging the FTSE 100 Index down 34 points at 6453.97. World gold prices are

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4 Nov 2014 13:26

Sector movers: Oil stocks tank as crude prices drop to three-year low

Sinking crude prices were pressuring oil producers and oil services stocks lower on Tuesday, with West Texas Intermediate (WTI) dropping to a three-year low. Oil dropped sharply after the world's largest exporter, Saudi Arabia, lowered prices for crude exports to US customers in an attempt to suppor

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4 Nov 2014 11:25

London midday: Stocks erase gains after UK construction data, Eurozone growth forecasts

A slowdown in UK construction expansion and downgrades to Eurozone growth forecasts hit UK stocks on Tuesday morning, with the FTSE 100 having erased early gains by lunchtime. Well-received results from Imperial Tobacco, Associated British Foods and Legal & General weren't enough to prop up the benc

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4 Nov 2014 08:31

London open: FTSE rises as earnings impress, but oil stocks fall

The UK stock market opened tentatively on Tuesday, with declines in the energy sector offsetting some well-received results from blue chips Legal & General, Associated British Foods and Imperial Tobacco. The FTSE 100 was up 0.2% at 6,503 in early deals. However, upside was being limited by falls fr

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3 Nov 2014 15:47

UPDATE 1-Croatia gets six bids for Adriatic oil and gas exploration -minister

(Adds detail, quote) By Igor Ilic ZAGREB, Nov 3 (Reuters) - Croatia has received six bids in an international tender for oil and gas exploration areas in the Adriatic Sea and will choose the best ones by the end of the year, Economy Minister Ivan Vrdoljak said on Monday. "We are

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3 Nov 2014 15:16

Croatia gets six bids for Adriatic oil and gas exploration -minister

ZAGREB, Nov 3 (Reuters) - Croatia has received six bids in an international tender for oil and gas exploration areas in the Adriatic Sea, Economy Minister Ivan Vrdoljak said on Monday. He told reporters the government would choose the best bids by the end of the year and sign concession agr

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3 Nov 2014 11:27

Shell to invest £1m in Tomorrow's Engineers programme

Oil giant Shell has invested more than £1m in the Tomorrow's Engineers programme, it announced on Monday. The three-year funding has been made to help address the UK's critical shortage of scientists and engineers and will enable the programme to expand into over 500 new schools across the UK. Shel

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31 Oct 2014 18:39

REFILE-BUZZ-IPOs: Recovery in equities tailwind for new issuance

(Fixes story link) ** Equity snapback invigorates new issuance, 17 deals priced, double last week's total, and more than a dozen companies are on the road marketing IPOs over next two weeks. ** Record-setting Shell Midstream Partners IPO was week's most impressive debut. Shares of Roy

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31 Oct 2014 13:30

European oil majors' Q3 refining boost to be short lived

* BP, Shell see refining profit double in Q3 * Falling oil price and maintenance boost refining margins * Refining overcapacity to continue weighing on sector By Ron Bousso LONDON, Oct 31 (Reuters) - Refining was a unusual bright spot for European oil majors in the third q

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30 Oct 2014 19:16

CORRECTED-Low oil prices threaten Norway's Arctic, UK's mature fields

(Corrects story published on Oct 28 to say that Chevron's Rosebank project has been delayed, not called off, paragraph 29) * Over 1 bln barrels could stay in the ground * Arctic Norway, mature British fields most vulnerable * British, Norwegian oil investments set for sharp fall

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30 Oct 2014 13:24

Sector movers: Mining, oil stocks track commodities lower as dollar gains

Mining and oil stocks took a hit on Thursday as a hawkish statement by the Federal Reserve and better-than-expected US growth bolstered the dollar and dampened commodity prices. Gold dropped to its lowest in three weeks, while silver, platinum and crude prices all declined, as the dollar rose to a t

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30 Oct 2014 13:18

REFILE-UPDATE 3-Shell outpaces peers with profit growth, keeps spending

(Corrects spelling of Permian Basin in paragraph 10) * Anglo-Dutch oil major posts 31 pct rise in headline earnings * Decline in oil prices offset by strong refining, oil production * Appoints Charles Holliday as new chairman By Ron Bousso and Dmitry Zhdannikov LONDO

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30 Oct 2014 12:28

Broker tips: Shell, Barclays, British Land, St James's Place

Broker Charles Stanley has lifted its recommendation for Royal Dutch Shell from 'accumulate' to 'buy', saying that the company should be resilient to the recent slump in oil prices. The broker said Shell was "well-placed to improve its returns and deliver its objectives" over the medium term in spit

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