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The wife of Carl-Henric Svanberg, who has been the Chairman of oil giant BP for almost four years, sold 750,495 pounds-worth of shares in the group on Friday. In an announcement issued at the start of this week, it was revealed the director's wife sold a total of 154,821 shares at 484.75p a piece,
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By John Kemp LONDON, Nov 4 (Reuters) - In the decade to 2013, shale gas and oil transformed the U.S. and global energy markets. The next revolutionary development over the decade to 2023 is likely to be the widespread use of gas as a transport fuel, starting in the United States. Frei
Read morePRAGUE, Nov 4 (Reuters) - Unipetrol's Czech unit Ceska Rafinerska has ended a planned eight-week shutdown at its Kralupy refinery, the Czech unit said on Monday. The company operates refineries in Kralupy and Litvinov, and is majority owned by downstream oil company Unipetrol, along with Ro
Read moreAggreko: Cantor Fitzgerald reduces target price from 2200p to 1700p downgrading to hold. Anglo American: Alphavalue upgrades from add to buy with a target price of 1801.3p. APR Energy: Cantor Fitzgerald raises target price from 670p to 1000p, but still recommends selling. Astra Zeneca: UBS reduce
Read moreMUMBAI, Nov 2 (Reuters) - Indian tax authorities have asked IBM's Indian unit to pay 53.57 billion rupees ($866.20 million) in outstanding income tax on fiscal 2009 revenue, media reported on Saturday. In an emailed statement, an IBM India spokeswoman confirmed the company had received a ta
Read moreNov 1 (Reuters) - Royal Dutch Shell Plc reported it was restarting a unit at its Scotford facility near Edmonton, Alberta, according to a message posted on a community information line on Friday. There could be intermittent flaring over the next 48 hours, but there is no material impact on
Read more* Supply tight as buyers firm up bids * Angola LNG enters maintenance, resumes in Dec * South Korea dodges spot market with Bontang supply * Singapore's Pavillion locks in 0.5 mln tonne supply deal By Oleg Vukmanovic and Rebekah Kebede LONDON/PERTH, Nov 1 (Reuters)
Read more- FTSE inches higher by close - Barlcays suspends six FX traders - Fed officials reveal their divided opinions - PO staff call off Monday's strike at bigger branches techMARK 2,657.61 -0.17% FTSE 100 6,734.74 +0.05% FTSE 250 15,455.69 -0.16% The FTSE ultimately settled marginally higher after sma
Read more* Minister welcomes LNG exports to markets without Gazprom piped supply * Novatek has signed its first European LNG deal with Spain * Novatek, Rosneft expected to be allowed to export from 2014 * Russia liberalising LNG exports, targets bigger market share By Katya Golubko
Read moreMeggitt had a double dose of bad news for investors as it told them trading had been "slightly" below expectations and a supply hiccup could cost 20m pounds. The FTSE 100 aerospace and defence manufacturer warned it now expected 2013 revenue growth rates to be in the "low single digits". It had give
Read moreVodafone led the telecoms sector higher on the back of growing speculation that US giant AT&T is plotting a takeover of the UK mobile company. Executives at AT&T were putting together plans for a possible takeover of the company next year, reported Bloomberg, citing people familiar with the situat
Read moreBy John Kemp LONDON, Nov 1 (Reuters) - Warren Buffett's Burlington Northern-Santa Fe (BNSF) railroad captured headlines earlier this year when it announced it would start trialling trains powered by liquefied natural gas (LNG). But even a pilot programme is still some way off. BNSF mu
Read moreInvestec has recommended a 'sell' rating for Royal Bank of Scotland (RBS) after reporting a third quarter loss. "Another results day, another grim wake-up call," Investec said. "The Q3 2013 numbers reveal a plunge back into the red: Attributable Loss -£826m (Q1: +£393m, Q2: +£142m) and Q4 will be
Read more- Shares trading modestly higher by lunchtime - Manufacturing PMI comes in below expectations - Vodafone leaps on takeover chatter, Meggitt slumps techMARK 2,653.51 -0.32% FTSE 100 6,732.87 +0.02% FTSE 250 15,468.65 -0.07% The FTSE was slightly higher by the midday point, as investors weighed up
Read moreInvestec, quoting Oscar Wilde, downgraded Royal Dutch Shell from buy to hold and lowered its target price by 10 per cent. Analyst Neill Morton trimmed his earnings per share forecasts 2-3% but slashed his target price by 10% as he no longer sees Shell achieving a sector price-to-earnings ratio pre
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