UK stocks were off their highest levels of the day by the close on Thursday as mining shares erased earlier gains, though strong performances from pharma and beverage groups provided some support, as well as M&A in the banking sector. The FTSE 100 finished the session up 39.56 points (+0.6%) at 6,76
Read moreStrong gains from mining and oil stocks and M&A activity in the banking sector gave UK markets a big lift on Thursday morning, with the FTSE 100 trading nearly 1% higher by lunchtime. Resource shares were on the rise as commodity prices rebounded after recent falls, while positive Chinese bank lendi
Read moreA rebound in the mining sector pushed UK markets higher for a second day on Thursday as stocks continue to recover after a steep sell-off earlier in the week. London's FTSE 100 was up 0.75% at 6,771.66 in early deals with metal producers rising strongly after stronger-than-expected Chinese lending d
Read more(Adds details, share price, company comment) LONDON, March 12 (Reuters) - Oil producer Soco International reported a 54 percent decline in annual profit after it was hit by the slump in oil prices, sending its shares spiralling more than 25 percent lower. Disappointing drilling resul
Read moreAs it waits for an independent legal review into allegations of wrondoing in the Democratic Republic of the Congo, SOCO International warned that it had reclassified a large portion of its reserves due to the oil price slump. Soco has reclassified 38.9m barrels of oil equivalent (mmboe) reserves as
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