Energy stocks surge helps FTSE 100 reach record mid-session high
The London market climbed to a record mid-session high, with investors snapping up energy stocks on the back of the rising oil price.
stock
Exports rise ‘will support economy as growing inflation hits consumer spending’
Rising exports will help prop up the UK economy as soaring inflation takes a bite out of consumer spending, a report has said.
These are all the ways a Saudi Aramco IPO could impact markets
The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets.
Craig International signs global agreement with Shell
Craig International has signed a global agreement with Anglo-Dutch supermajor Shell to resell unused equipment.
Croatian engineering firm condemned for reclaiming wages from migrant workers
A Croatian engineering firm has been condemned by a Labour MP for bringing in cheap foreign labour to work on British power stations - and reclaiming wages from migrant workers “under duress”.
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.
GE reports 36% jump in Q4 earnings
General Electric reported a 36% jump in fourth quarter earnings for 2016.
UMW Oil & Gas to buy Icon Offshore in $132mln deal
Malaysian offshore drilling services firm UMW Oil & Gas will buy Icon Offshore Berhad in a deal worth $132million.
Greece’s Energean to spend up to $1.5bln on Israeli offshore gas project
Energean Oil & Gas plans to build its own production system in the Eastern Mediterranean at a cost of up to $1.5billion to tap two offshore Israeli gas fields.
UK economic growth ‘to be slowest since 2009 recession’
The economy will grow at its slowest pace since the 2009 recession this year as soaring inflation and lacklustre wage growth bring an end to Britain’s consumer spending boom, a report has warned.
Sterling falls to 13-week low following Brexit comments from May and Merkel
Sterling fell to a 13-week low against the US dollar on Tuesday as Brexit comments from Prime Minister Theresa May and German Chancellor Angela Merkel continued to weigh on currency markets.
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”.
Icahn sees doubts about ethanol mandate among Trump’s advisers
Billionaire Carl Icahn, a special adviser to Donald Trump and a skeptic of the U.S. ethanol mandate, said there are others on the president-elect’s team who have even deeper criticisms of the program.
Exxon Norway oil assets said to lure Aker BP, Hitec interest
Billionaire Kjell Inge Rokke’s Aker BP Plc and two private equity-backed companies are in talks to buy stakes in oil fields off Norway from Exxon Mobil Corp. that are valued at about $1 billion, according to people with knowledge of the matter.
Russian output of oil products to fall in 2017
Russia's output of oil products is expected to fall by about 2.5 percent in 2017 due to further work on a massive refinery modernisation programme aimed at boosting fuel quality, a deputy energy minister said.
World Bank Group to provide $517m for Ghana oil and gas project
The World Bank Group has said it would provide $517million to Ghana in debt and guarantees to support the $7.7billion Sankofa oil and gas project.
World’s most reliable stock trade sparks race for 360% gains
To have a shot at the global stock market’s closest thing to a guaranteed windfall, you’re going to need a really accurate clock.
Swift Energy strikes purchase and sale agreement for Lake Washington field
Swift Energy said it has struck a purchase and sale agreement to sell its Lake Washington field in South East Louisiana.
Elliot Management says Marathon Petroleum should split business into three
The hedge fund Elliot Management has called on Marathon Petroleum to conduct a strategic review and consider splitting into three businesses.
Wildhorse Resource Development to raise up to $650m from IPO
Wildhorse Resource Development has filed with securities regulators to raise up to $650million in an initial public offering.
Saudi markets are in recovery mode as bond debut sparks euphoria
Stocks just chalked up their longest rally since 2014, default risk is tumbling and the cash squeeze in the nation’s banking system is suddenly dissipating.
EIA says low tanker rates enabled more long-distance oil and petroleum product trade
The US Energy Information Administration (EIA) said the recent expansion of the global crude oil and petroleum product tanker fleet has results in falling rates for much of this year.
Oil price drops on global supply glut concern
London’s top flight index swung into the red after investors soured to Lloyds Banking Group’s plans to hive off another £1 billion for the mis-selling of payment protection insurance (PPI).
Oil rises as OPEC chief Barkindo seeks to resolve output plan
Oil climbed with OPEC’s secretary-general set to visit Baghdad on Tuesday for talks aimed at resolving a deal on output after Iraq said it should be exempt from planned cuts.
Profits dip at Ledingham Chalmers after oil and gas impact
Profits dipped at Ledingham Chalmers as the Scottish law firm admitted it was "not immune" to economic difficulties including the oil and gas downturn.