Ithaca and Petrofac shares among fallers
London's leading shares index closed higher today despite borrowing costs in Spain hitting euro-era highs and doubts over EU plans to save the country's banking sector.
Markets
Xcite strikes new Bentley deal with BP
Heavy oil explorer Xcite Energy said today it had stuck a new deal with BP over sales of oil from its North Sea Bentley field.
Cosalt shares removed
Shares in engineering firm Cosalt will be removed from FTSE's fledgling index on Thursday after being suspended since last month.
BP shares up 5.9p as Footsie takes stock
The London market slipped into the red today as investors lost enthusiasm for plans to rescue Spain's beleaguered banking sector with a potential £81billion bailout.
New E&P firm Fastnet launches on AIM
A new independent oil and gas explorer focused on the Celtic Sea and Africa has been admitted to London's Alternative Investment Market.
Centrica shares to power ahead
Shares in British Gas owner Centrica have outperformed the stock market after falling last year following a profits warning, said the Sunday Telegraph.
Share slump for rig engineering firm Lamprell
The FTSE 100 Index fell 12.7 points to 5,435.1 today as frustration continued to simmer after central banks in Europe and the US failed to commit to further stimulus measures.
Second profit warning at Lamprell
Rig and ship builder Lamprell has issued its second profits warning in a month, predicting half-year losses of £9.6million-£12.8million.
Contrasting fortunes for Faroe and Parkmead
The rebound for London shares continued today after China's first cut in interest rates in four years triggered a surge for mining stocks.
Trapoil raising £4.3million to fund growth and opportunities
Independent oil and gas exploration firm Trapoil said today it is looking for opportunities to become an operator and grow its exploration portfolio after announcing a £4.3million share placing.
Cairn Energy on the up on a better day for shares
The FTSE 100 Index rose more than 2%, or 123.9 points to 5384.1 today after the European Central Bank left interest rates on hold at 1% but hinted that a cut could still be on the cards if needed.
Weak oil prices ‘won’t hit projects’
The lowest oil prices in more than a year will have no impact on current projects in the North Sea, an industry expert said yesterday.
Sale of BP’s Russian stake could see shareholders celebrating
BP's beleaguered shareholders are reportedly in line for a £10billion windfall if the oil giant exits its Russian joint venture TNK-BP.
Biggest yet for Dutch yard
Heerema Fabrication has designed and built its largest offshore platform jacket for Statoil's Valemon field in the Norwegian North Sea, The 9,150-tonne jacket departed the Vlissingen yard on May 26. Heerema said the 160m tall jacket for the Valemon process platform was completed in less than two years following award.
BP shares rise on potential Russian JV sale
Bleak US jobs figures and worrying manufacturing data from the UK and overseas saw London's leading shares index continue its miserable run today.
BP looking to exit TNK-BP venture
BP has this morning said it is looking into a sale of its share of the Russian oil venture TNK-BP.
BG Group among biggest Footsie fallers on bad day for markets
Increased speculation that Spain will be forced to take an EU bailout and fresh worries over China's growth saw the London market close deep in the red today.
Tullow and Petrofac among biggest Footsie risers
Hopes for economic recovery in the US today offset the damage caused to banking stocks hit by fears over Spain's struggling economy.
Tullow Oil among stock market winners
London's leading index was broadly flat today as fears over Europe's banks were offset by a strong consumer confidence survey on the other side of the Atlantic.
Oil giant BP benefits from Footsie bounce
The FTSE 100 Index bounced back today, rising 83.6 points to 5,350 as shares recovered some of the heavy losses seen on Wednesday.
Parkmead defies the London market gloom London
Doubts over the ability of European Union leaders to deliver measures to ease the region's debt crisis triggered a 2.5% slump for London's leading shares index today.
Hunting shares gain ground in market bounce
A flurry of buying interest helped London's top flight shares close nearly 2%, or 98.8 points higher at 5,403.3 today.
Cairn nudges ahead as FTSE 100 stages recovery
Investors paused for breath today after the almost relentless sell-off that knocked £80billion from London's leading shares last week.
Shareholder vote backlash at £9.4m pay for Shell boss
Oil giant Royal Dutch Shell is set to suffer a backlash from shareholders over executive pay, including a £9.4million package for its boss.
Cairn Energy and BP among market fallers
A downgrade of Spanish banks fuelled eurozone debt fears today and capped the worst week for London's leading shares index for nine months.