Pound climbs to one-month high as Trump inauguration speech shakes dollar
The FTSE 100 slumped and pound climbed to a one-month high, as Donald Trump’s inauguration speech and protests over his presidency took a bite out of the US dollar.
London
FTSE 100 soars to new record high after May’s ‘hard Brexit’ hint
London’s top-flight index pushed to an all-time high after sterling collapsed following hints from Prime Minister Theresa May that Britain may opt for a so-called “hard Brexit”.
Sound Energy to make its mark on London Stock Exchange
Sound Energy will be included in the London Stock Exchange for the first time later this month.
Ineos boss says Brexit will not impact London HQ move
Brexit will not affect plans for Ineos to set up UK headquarters once again, according to one of the company's bosses.
Allies of Energy Minister defend ‘stellar’ city career
Allies of Andrea Leadsom have defended her following reports that her “stellar” career in the City had been exaggerated.
Brexit may be Scotland’s chance to steal London finance crown
For all the uncertainty Scotland faces with the cloud of Britain’s exit from the European Union, there could yet be a silver lining, according to U.K. lawmaker Mark Garnier.
FTSE 100 dips as falling oil prices hit London market
The FTSE 100 Index has slipped back after hitting four-month highs on Tuesday as falling oil prices once more weighed on the London market.
London Stock Exchange profits jump boosts FTSE 100 index
Top flight shares looked like ending the week on the up, as takeover target the London Stock Exchange (LSE) saw its full-year profits surge. The British bourse said adjusted pre-tax profits climbed 31% to £643.4 million, up from £491.7 million in 2014, adding that its £20 billion merger talks with Germany’s Deutsche Borse were making “excellent progress”.
Premier Oil’s shares to resume on London Stock Exchange
Premier Oil’s shares will resume trading on the London Stock Exchange after reaching a deal with E.ON for its North Sea assets.
Oil prices continue to make gains on FTSE
Oil prices continued to make gains, signalling brighter prospects for world trade. Brent Crude rose more than half a US dollar to stand at over $35 a barrel.
London shares struggle despite rise in oil prices
The London market struggled for direction this morning, despite oil prices continuing to gain ground and brightening prospects for world trade.
London stocks down amid worry over weak world growth
European stock markets opened lower following steep overnight losses in Asia, amid concerns over sliding oil prices and slowing world growth. In London, the FTSE 100 Index fell just under 1%, or 52.3 points to 5826.2, after China’s Shanghai Composite tumbled more than 6% as traders also worried over easing growth in the world’s second largest economy.
Seplat Petroleum boosts production for 2015
Seplat Petroleum has seen its working interest production for last year boosted by more than 40%. The Nigeria and London Stock exchanged firm said its current daily production interest was sitting at around 55,000boepd (barrels of oil equivalent per day) with both its oil and gas rates strong.
Markets continue revival as oil prices rise
Markets were up strongly for the second day in a row, as oil prices rose at the end of a turbulent week. The FTSE 100 Index was up 140.5 points to 5914.5, following positive overnight trading in Asian markets.
FTSE 100 index falls as oil price slumps
The Footsie closed down as falling oil prices kept global markets under pressure, but Tesco shares surged after it revealed better-than-expected Christmas trading.
Next London mayor challenged to create ‘100% clean energy city’ by 2050
London could run on 100% clean energy by mid-century, with electric cars, solar power and energy efficient homes, it has been claimed.
Aberdeen Asset Management boosts its power from solar energy
Aberdeen Asset Management has completed the installation of 1,000 solar panels on an investment property it owns in North London. The Aberdeen investment firm said the installation at the materials recycling facility (MRF) will provide an estimated 225,000 kilowatt hours (kWh) of electricity to tenant Biffa Waste Services, saving around 20 tonnes of carbon dioxide (CO2) annually.
Afren administrators sell African artwork for more than £300,000
Administrators of UK oil explorer Afren have raised more than £300,000 from the sale of African artwork owned by the company. The array of Nigerian artwork was put up for auction at Bonhams after the company began experiencing trouble earlier this year. Two months ago the Financial Conduct Authority (FCA) said it had cancelled trading shares from the company on the London Stock Exchange.
Oil and gas industry favours international arbitration to solve disputes says university
International arbitration is the most preferred form of dispute resolution for cross-border disputes, including in the oil and gas industry a new study has revealed.
Max Petroleum suspends trading of ordinary shares on the LSE
Trading of Max Petroleum ordinary shares are due to be cancelled from the London Stock Exchange amid uncertainty over the company’s financial future.
Costain wins £605million Thames super-sewer contract
Engineering group Costain has been awarded a £605million contract for the East works package of the Thames Tideway Tunnel "super-sewer" in London.
Miners and oil stocks put brakes on FTSE
London’s top-flight was held back by another difficult session for its big oil and commodities stocks today amid a recovery in shares elsewhere. The FTSE 100 Index was 20.9 points lower at 6529.9 while Germany’s Dax and France’s Cac 40 were ahead, bouncing back from a tough few days for world markets in the previous week. Asian stocks were mixed overnight after figures showing the Japanese economy shrank in the second quarter - with Tokyo’s Nikkei ahead on hopes that it would mean more stimulus for the region’s second biggest economy.
Nostrum eyes Tethys Petroleum in further shares battle
Nostrum Oil & Gas has made a further approach to the board of Tethys in a takeover offer for the company’s entire share capital. The move comes after Tethys made a recent announcement regarding a strategic collaboration with and financing by AGR Energy. Nostrum said it was prepared to provide interim funding to Tethys in connection with the potential offer.