Granite City growth ‘a decent bet’
Scottish businessman Dave Bruce has two burning ambitions.
Markets
Xcite Energy gains as wider market struggles
London's main market struggled to make headway today after a credit rating downgrade in France sparked further uncertainty in Europe.
BP shares up 15% on talk of buy-back scheme
The FTSE 100 Index climbed more than 2%, or 132.1 points to 5737.7 today amid optimism that the US can duck automatic tax increases and spending cuts.
BP in £3.7bn plan to boost share price
Oil giant BP is weighing up whether to commit up to £3.7billion on a plan to revive its flagging share price, it was claimed yesterday.
Explorer cancels share placing as price not right
Oil and gas explorer Sterling Resources has abandoned plans to sell more than £28million of new shares less than 48 hours after launching the fundraising effort.
Amec shares rise, Parkmead among fallers
World markets remained in the red today on fears over the global economy as President Barack Obama pledged to tackle the US's looming fiscal cliff as "urgent business".
Founder mulling Valiant buyout
Valiant Petroleum's chief executive is considering a takeover bid of the stock market-listed firm, it was revealed yesterday.
Premier to miss target
Oil and gas firm Premier Oil said yesterday first output on two North Sea projects had slipped, delaying a production target.
Wood Group and Amec among biggest Footsie fallers
Continued uncertainty over economic prospects in Europe and the US kept the FTSE 100 Index under pressure today as the blue-chip index closed down 44.3 points at 5,677.8.
Gazprom takes stake in North Sea
Russian oil firm Gazprom has agreed a deal which will see it take a 50% stake in a German North Sea exploration and production firm.
Shell ups stake in BP field
Oil supermajor Shell said yesterday a deal taking its stake in the BP-operated Schiehallion field to 55% would give it access to extra reserves in its North Sea heartland.
Amec, Centrica and SSE biggest Footsie risers
London's leading shares index lost more than 1% today as a series of protests against austerity measures across Europe rattled investor confidence.
Faroe Petroleum shares among fallers
The FTSE 100 Index staged a late turnaround today after early session gains on Wall Street helped offset uncertainty over a deal to rescue the Greek economy.
Energy firms investigated for distorting gas market
The City watchdog said yesterday it was investigating claims that the wholesale gas market has been manipulated by some energy firms.
‘Undervalued’ Ithaca seen as ripe for takeover
North Sea focused oil and gas firm Ithaca Energy is undervalued and likely to face more takeover bids, industry analysts said yesterday.
Xcite upbeat over prospects
Heavy oil explorer Xcite Energy said yesterday that 2013 was shaping up to be an important year as it looks to find a partner for its northern North Sea Bentley field.
Eland shares rise again, Xcite fall
London's blue chip share index remained in the red today on persistent fears over how President Barack Obama will tackle America's looming fiscal cliff.
Eland shares dip amid City fears of US cuts
The FTSE 100 Index struggled to find direction today as fears of a potential gridlock over budget measures in the US continued to plague investors.
BG Group shares among biggest Footsie fallers
Euphoria surrounding President Barack Obama's reelection fizzled out today as investors' focus switched to the approaching "fiscal cliff" in the US.
More drilling for Ioana says Sterling
Sterling Resources said today it had found gas in a Black Sea exploration well.
US uncertainty shakes London’s main market
The prospect of a knife-edge US presidential election shook investors' confidence and sent the FTSE 100 Index lower today.
Premier Oil and Cairn Energy both make gains
The FTSE 100 Index struggled for direction today, closing 6.6 points higher at 5,868.6.
Apache hits production record
US oil firm Apache said yesterday it had hit record production thanks to high rig counts and new facilities in its North American business.
BG Group suffers another hefty shares fall
The FTSE 100 Index surged 1.4%, or 79.2 points to 5861.9 today as confirmation that Comet was going into administration provided a boost for consumer electronics rivals.
Faroe Petroleum shares up despite falls in wider London market
The FTSE 100 Index sank more than 1% into the red today after banking giant Barclays spooked investors with news of two fresh investigations that threaten to further damage its reputation.