Soco International Share News (SIA)

MARKET COMMENT: London Stocks Down As Shell Slashes Spending

Sector movers: Shell dampens energy stocks, gold miners track bullion lower

Worse-than-expected results from one of the biggest oil companies in the world hit stocks in the energy sector on Thursday. Royal Dutch Shell delivered a 12% year-on-year increase in adjusted profits in the fourth quarter to $3.3bn, well below the consensus forecast of $4.2bn. The company also anno

FTSE 250 movers: Kaz Minerals surges after hitting annual targets, energy stocks fall

Kaz Minerals topped the risers after revealing it met its annual production target for 2014 with an output of 83,500 tonnes. Kaz's new gold and copper mine at Bozymchak, Kazakhstan, made its first shipment of concentrate at the end of 2014. Dairy Crest was also trading higher after signing a thre

UK MIDDAY BRIEFING: Shell To Cut Spending By USD15 Billion

UK WINNERS & LOSERS: Shell Stutters As Diageo Gains

TOP NEWS: Shell To Cut Spending By USD15 Billion Over Three Years

Soco International slashes 2015 expenditure budget, shares drop

Oil firm Soco International revealed on Thursday that it has slashed its investment budget by more than 60% from 2014 to 2015 and will be re-assessing its asset portfolio. The company's expenditure budget in 2014 was $161m and for 2015 this has been reduced to $90m, according to a trading statement.

SOCO International Production In Line, But 2015 Guidance Lower

UPDATE 1-Soco cuts 2015 investment budget, reviews all assets

(Adds details, background, share price) LONDON, Jan 29 (Reuters) - Oil producer Soco International , which came under fire for wanting to drill for oil in a national park in Congo, has reduced its 2015 investment budget by more than 60 percent from 2014 and is reviewing its entire asset por

Soco cuts 2015 investment budget to focus on Vietnam, Africa

LONDON, Jan 29 (Reuters) - Oil producer Soco International has reduced its 2015 capital expenditure budget by more than 60 percent versus last year and will focus on projects in Vietnam and Africa, the company said. It also cut its production guidance for this year to reflect weaker output

UK BROKER RATINGS: Citigroup Cuts Reed And WPP To Neutral From Buy

UK BROKER RATINGS: Barclays Cuts Evraz And Raises Croda

FTSE 250 movers: Afren sweating on Seplat deadline, Chinese stocks hit

Takeover target Afren was weaker as the deadline for suitor Seplat to return to the table with a possible offer was extended. The Nigerian group approached its FTSE 250 peer last month about a potential tie-up and has until 17:00 on Friday 30 January to 'put up or shut up', according to takeover rul

UK BROKER RATINGS: Morgan Stanley Adds Tesco To 'Best Ideas'

BUZZ-Afren: JP Morgan downgrade compounds woes

** The oil explorer's shares down as much as 7.2 pct after JP Morgan Cazenove slashed price target on stock by more than half ** The brokerage also cut price targets on nine other European oil explorers and producers to reflect bearish oil price forecasts ** Sees potential for deeper