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(Makes clear that figure in paragraph 2 refers to extra output) By Karolin Schaps LONDON, Feb 24 (Reuters) - Britain urgently needs its oil and gas companies to pay for a new regulatory body to encourage industry collaboration and counter plunging North Sea production rates, a governm
Read moreLONDON, Feb 24 (Reuters) - Britain's oil and gas industry should pay for the creation of a new regulator which would help companies extract as much oil and gas as possible from North Sea fields, a government-commissioned report said on Monday. The Wood Review, the first strategy assessment
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Shire's Chairman, Matthew Emmens, has sold 36,100 shares in the biopharmaceutical company following its 'excellent' results for 2013. Emmens disposed of the shares at 3,314.85p each for a total of just under £1.2m shares. After a pick-up in earnings growth in the fourth quarter, the group beat f
Read moreIan Marchant, a Senior Independent Director on the board of oil services company Wood Group, marked Tuesday's in-line results with the purchase of 15,000 shares. The 714p-a-share deal, which set the non-exec back £107,100, significantly increased his stake to 22,777 shares. The transaction was m
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LONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning:
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FTSE 100
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GOLDMAN RAISES HAMMERSON PRICE TARGET TO 590 (569) PENCE - 'NEUTRAL'
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SOCGEN RAISES BHP BILLITON PRICE T
Investing in internet content providers at the moment is a difficult art to master. A case in point is King Digital Entertainment, which has filed for a 500m-dollar initial public offering on the NYSE. Mobile devices continue to proliferate and content is needed. However, barriers to entry are low a
Read moreBy William James LONDON, Feb 18 (Reuters) - British ministers will next week back plans for a new regulator to ensure North Sea oil and gas firms squeeze the maximum economic benefit from Britain's finite natural resources, a government source said on Tuesday. The North Sea is thought
Read moreLONDON (Alliance News) - UK stocks closed higher Tuesday, shaking off early weakness to extend their recent gains, with the FTSE 100 now above the level it started the year for the first time since January 23.
The FTSE 100 and FTSE 250 both closed up for the third day in a row, whi
Oil services outfit Wood Group's latest full year results were largely in-line, although revenues were about one per cent softer than consensus expectations. At unchanged guidance for modest growth in earnings per share next year might not seem much to write home about. Yet coming as it did on the
Read moreBwin.party Digital Entertainment rose strongly after Numis Securities reiterated its 'buy' rating on the stock. Oil services company Wood Group jumped after it reported a 14% increase in pre-tax profits to $412.8m for the year to December 31st 2013. Revenues rose 3% to $7.1bn, while profits before
Read moreLONDON (Alliance News) - The UK's inflation rate has fallen below the Bank of England's 2% target for the first time in more than four years Tuesday, a decrease that will support governor Mark Carney's recent prediction that the bank's interest rate won't rise for some time to come.
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Oil services outfit Wood Group's latest full year results were largely in-line, although revenues were about one per cent softer than consensus expectations. At unchanged guidance for modest growth in earnings per share next year might not seem much to write home about. Yet coming as it did on the
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday. ------- FTSE 100 - WINNERS BHP Billiton, up 1.2%. The Anglo-Australian mining giant has reported an 83% increase in profit for the first half of fiscal
Read moreLONDON (Alliance News) - Despite a positive open Tuesday, UK stock indices are mixed mid-morning, while the pound is lower against other major currencies after official data showed UK inflation fell below the 2.0% target for this first time since 2009 in January. By mid-morning January, the
Read moreLONDON, Feb 18 (Reuters) - British energy services company Wood Group said on Tuesday it expected strong demand for services in U.S. shale to drive overall growth despite a weaker outlook for its core engineering division. Wood Group recently increased its exposure to the onshore oil and ga
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