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easyJet narrowed its half-year losses as the low-cost airline took initiatives to boost revenues and cut costs. Loss before tax for the six months to March 31st 2013 came to £61m, a 45.5% drop from the prior year's loss of £112m. The LSE also made strong gains after posting a seven per cent rise
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MILAN, May 15 (Reuters) - Russian oil company Rosneft and Italian refiner Saras could be interested in buying the Italian petrol distribution network Royal Dutch Shell is thinking of selling, Saras managing director said on Wednesday. "I think they (Rosneft) are probably going to take a lo
Read moreLONDON, May 15 (Reuters) - Oil firms will face "the full force of the law" if they are found guilty under a European Commission probe of manipulating energy prices, Energy Secretary Ed Davey said on Wednesday. "If it turns out to be the case that hard-pressed motorists and consumers have be
Read moreAn improved outlook from the Bank of England (BoE) lifted UK markets into the blue by Wednesday lunchtime as investors shrugged off disappointing growth figures from the Eurozone and rising unemployment at home. The FTSE 100 was extending its recent winning streak to its 10th day after finishing Tu
Read moreLONDON, May 15 (Reuters) - The British government expects oil firms to fully comply with a European Commission's probe into energy pricing as it would be deeply concerned if prices have been driven up, a spokesman for Prime Minister David Cameron said. European authorities have raided offic
Read moreBP and Shell are being investigated into allegations they colluded to rig oil prices for more than a decade. The European Commission raided offices of several oil companies in London, the Netherlands and Norway in an unannounced inspection to look to claims they conspired to "distorted prices to a
Read moreWorse-than-expected growth figures from Eurozone powerhouses Germany and France dampened market sentiment in London on Wednesday morning, as stocks pulled back after hitting fresh multiyear highs the day before. The FTSE 100 finished Tuesday's session at 6,686 after nine straight days in positive t
Read moreBP, Shell and a number of other oil majors are under investigation by European regulators into whether they rigged the price of oil for over a decade, writes The Telegraph. Authorities raided offices of the companies yesterday after MPs and officials suggested that the oil price could be vulnerable
Read more* Comes as govt intervention mounts, global supply seen up * Petrobras, Galp, OGX win blocks in early bidding * Areas on offer believed to hold 35 bln barrels of oil By Jeb Blount and Sabrina Lorenzi RIO DE JANEIRO, May 14 (Reuters) - Brazil on Tuesday kicked off its first
Read more(Corrects number of blocks to which OGX had secured rights up to that point to 8, not 78, paragraph 7) * Comes as govt intervention mounts, global supply seen up * Petrobras, Galp, OGX, Total, BP, BG win blocksmk * Areas offered believed to hold at least 35 bln barrels By
Read more* BP, Shell, Statoil say cooperating with investigation * Involves price assessment by reporting agency Platts * Statoil says may involve pricing since 2002 By Peg Mackey and Nerijus Adomaitis LONDON/OSLO, May 14 (Reuters) - European authorities have raided offices of oil
Read more* Forties trades at dated Brent plus 15 cents * Possible Suezmax shipment to Chile spied * European authorities raid oil majors LONDON, May 14 (Reuters) - North Sea Forties crude differentials firmed on Tuesday as Glencore bid up the market to secure a cargo, with fixtures linking it
Read moreRIO DE JANEIRO, May 14 (Reuters) - Brazil's OGX and Britain's BG Plc won offshore oil and gas exploration blocks in a frontier region of Brazil's Barreirinhas offshore basin at an auction on Tuesday conducted by oil regulator ANP. The companies won the rights to blocks off the Brazilian st
Read moreLONDON, May 14 (Reuters) - BP said on Tuesday it is one of the companies being investigated by the European Commission. Major oil companies are being investigated over suspected anti-competitive agreements related to submission of prices to reporting agency Platts. "We are cooperating
Read moreRIO DE JANEIRO, May 14 (Reuters) - Brazil's Petrobras and OGX, Britain's BP Plc and France's Total were some of the winners of Brazilian deepwater offshore oil and natural gas exploration blocks in the frontier region of Brazil's Foz do Amazonas offshore basin at an auction on Tuesday. The
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