Latest Commodities news
A fraternity of top oil executives and city financiers are injecting more than £65 million into Well-Safe Solutions (WSS), a well decommissioning pundit. The new round of investment is meant to solve one of Britain’s most daunting industrial problems. Sky News learnt that the new WSS investors include MW&L Capital Partners and former BP boss Tony Hayward. The newly launched private investment firm, MW&L Capital Partners is bou...
In its latest reports, Australia and New Zealand Banking Group (ANZ) has decided to take on the challenge of determining the “unpredictable” gold prices. Interest rates, inflation, and the USD being key gold price drivers, the Australian multinational bank discovered that the fair price of an ounce of gold averaged at $1,400, a figure that is close to $100 below the current market rate. “We looked at all the traditional factors...
The FTSE 100 has fallen marginally lower in London this Monday, with a surge in BP (LON:BP) and Royal Dutch Shell (LON:RDSA) limiting the index’s losses over geopolitical concerns in the wake of the attacks on two Saudi Arabian facilities. Cruise operator Carnival (LON:CCL) meanwhile is in the doldrums, pressured by prospects for higher fuel prices. FTSE 100 inches lower As of 13:21 BST, the Footsie had given up 12.99 points to stand 0.18 p...
SSE’s (LON:SSE) share price has surged in London this morning as the company inked a deal to sell its Energy Services business. Today’s update comes ahead of the FTSE 100 group’s interim results in November. As of 09:54 BST, SSE’s share price had added 1.80 percent to 1,187.00p, outperforming the broader UK market, with the benchmark FTSE 100 index having slipped into the red and currently standing 0.26 percent lower at 7,325.91 points. The group...
British energy major BP (LON:BP) could offload some oil projects to align its operations with the Paris accord, Bloomberg News has reported. The update comes ahead of the blue-chip company’s third-quarter results and dividend announcement on October 29. BP’s share price has fallen deep into the red in today’s session, having given up 2.15 percent to 501.10p as of 15:00 BST. The stock is underperforming the broader London market,...
Royal Dutch Shell’s (LON:RDSA) share price has taken a hit this morning as the blue-chip oil major revealed a drop in profits, having suffered from lower crude prices. The update follows FTSE 100 peer BP’s (LON:BP) better-than-expected results earlier in the week.As of 09:54 BST, Shell’s share price had given up 4.68 percent to 2,468.00p, pressuring the benchmark FTSE 100 index which currently stands 0.28 percent lower at 7,565....
The UK benchmark index has slipped into the red in today’s session, pressured by a fall in oil prices and worries over China’s stimulus policy. Investors are also digesting FTSE 100 company updates, including results by Primark owner Associated British Foods (LON:ABF). FTSE 100 in negative territory As of 12:23 BST, the Footsie had given up 31.35 points to stand 0.42 percent lower at 7,491.72. Sentiment has been subdued, with oil pric...
The FTSE 100 is seen opening lower this morning, giving up some of the previous session’s gains, as oil retreated. Barclays (LON:BARC) will be in focus today amid prospects for a protest vote at its upcoming annual general meeting (AGM) early next month. FTSE 100 seen lower IG’s opening calls suggest that Britain’s blue-chip index will start trading 0.23 percent lower at 7,506 points. A fall in oil is likely to weigh on the Footsie following a ri...
The FTSE 100 has climbed higher after the long Easter weekend, benefitting from a rise in oil prices. In individual Footsie movers, British Land (LON:BLND) is in the red as it announced a deal to exchange on the sale of 12 superstores from its joint venture with Sainsbury’s (LON:SBRY). FTSE 100 steady after long weekend As of 12:26 BST, the FTSE 100 ha added 32.24 points to stand 0.43 percent higher at 7,492.12. Sentiment has been upb...
The UK benchmark index looks set to open higher this morning, finding support in higher oil prices and a positive lead from Asia. Banks will be in focus on the corporate front, amid news about Royal Bank of Scotland (LON:RBS) and FTSE 100 peer Barclays (LON:BARC). FTSE 100 seen higher IG’s opening calls suggest that the Footsie will start trading 0.44 percent higher at 7,492 points. A rise in oil is set to boost market sentiment today, with crude...
Whitbread (LON:WTB) is expected to cut more than 100 head-office jobs, The Times has revealed. The move will come as a result of its sale of Costa Coffee to The Coca-Cola Company for £3.9 billion which completed earlier this year. The Whitbread share price has climbed higher in London this Monday, having gained 0.93 percent to 4,884.00p as of 10:27 BST. The stock is outperforming the broader UK market, with the benchmark FTSE 100 index curr...
Analysts argue shareholder payout demands could restrict group’s growth
Oil major agrees to acquire sonnen
Analysts keep price target unchanged at 3,250p
easyJet share price under pressure after rival’s results
Interactive Investor reckons results show benefits of streamlining
Anglo-Dutch group delivers rise in cash flow
Move marks BP Ventures first investment in China
Analysts flag capex concerns
Commodities giant held the rights until the end of last year
Premier Inn owner lands £3.9 billion in cash
Company argues price cap has not been calculated fairly
Premier Inn owner closer to completing deal with Coca-Cola
Field discovered in 1977
European shares are lower again Wednesday, as a combination of concerns over economic growth, the oil price fall and Italian budgetary caution, weigh on the stock market.