The energy sector was dominating the risers list on Thursday as oil prices began to rebound slightly. Afren, Premier Oil, Soco International and Cairn Energy were all on the incline. Savills was also increasing after the estate agency said revenues and profits in December had "significantly exceed[e
Read moreWeakness in the resource sectors limited gains in London on Monday, though equity markets still managed to register their fifth straight day of gains as investors readied themselves for the Christmas break. The FTSE 100 finished 0.5% higher at 6,577, but pulled back after reaching a high of 6,620.95
Read moreSoco International, Afren and EnQuest all rose on Monday after a slight rebound early on in crude futures. That came after Libya declared "force majeure" at two key ports over the weekend, shutting down export capacity equivalent to 560,000 barrels per day. That seemed to give the energy sector a bo
Read moreTelecom firm Spirent Communications was rising on Thursday after being given a hold consensus recommendation by the 12 ratings firms currently covering the company. Liberum Capital upgraded the group to a 'buy' rating. The broker claimed: "Spirent is cheaper than its peers on all EV metrics and is a
Read moreUK stocks dropped sharply for the second straight session on Tuesday as plummeting oil prices, macro concerns and a profit warning from retail giant Tesco hammered market sentiment. After losing 1% of its value the previous session, London's FTSE 100 was down a further 1.3% at 6,584 in early deals.
Read moreLONDON, Dec 9 (Reuters) - Oil explorer Soco International said on Tuesday its Te Giac Trang field offshore Vietnam contained up to 949 million barrels of oil, with up to 319 million barrels recoverable. An evaluation of the field also showed it could produce more than 100,000 barrels of oi
Read moreEnergy companies rebounded on to the risers list on Tuesday after dropping substantially in the fallout from OPEC's decision to maintain the rate of oil production last week, which caused the price of crude to drop to its lowest in more than four and a half years. Afren rose after declining on Monda
Read moreSoco International has lowered its full-year production guidance due to higher-than-anticipated shutdowns to move its drilling rigs. The group cut its full-year production guidance to 13,300-13,800 barrels of oil equivalent per day (boepd) from its previous target of 14,000-15,000 boepd. Production
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