(Alliance News) - Stock prices in London closed lower on Monday, in a tepid final full trading day of the year, while equities in New York tumbled as a retreat from tech shares continued. Read More
(Alliance News) - London's FTSE 100 underperformed against European peers in a quiet final Friday of the year, as eyes were on fashion retailers in the wake of the Christmas period. Read More
(Alliance News) - BP PLC and Abu Dhabi National Oil Co's international investments arm XRG on Monday said they have closed a deal for a new natural gas joint venture in Egypt. Read More
(Alliance News) - The FTSE 100 was called to open lower on Monday as markets digest the latest sales and production data from China, kicking off the last full week of trading this year. Read More
(Alliance News) - Stock prices in London closed lower on Friday, with US import and export prices showing sharp increases and the UK government planning new measures to support onshore wind farm projects. Read More
BP PLC - London-based oil major - Tells holders of its American depositary shares that they should reject an offer for their shares from TRC Capital Corp, citing a below-market offer price and "disadvantageous" terms. BP says it is "in no way associated with TRC" and the mini-tender offer is unrelated to its own share buyback programme. TRC is offering to buy 4.0 million ADSs of BP at USD27.95 per ADS, according to BP, saying the offer was launched back on November 19 but it was only informed this week. The price offered by TRC represented a 5.0% discount to the ADS price the day before of USD29.42. They closed on Tuesday in New York at USD30.10. Each ADS represents six BP shares, so 4.0 million ADSs would represent 24.0 million shares, a 0.1% stake. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - Miners and oil majors gave London's FTSE 100 a lift on Monday on optimism a stimulus package in China would revive the fortunes of the world's second-largest economy. Read More
(Alliance News) - BP PLC announced Monday it will "significantly reduce" investment in renewable energy through to 2030, as it combines its offshore wind business with that of Tokyo-based power company Jera Co Inc. Read More
(Alliance News) - BP PLC on Monday announced it is teaming up with Tokyo-based JERA Co Inc to combine their offshore wind businesses to form a new joint venture. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
John Wood Group PLC - Aberdeen, Scotland-based oilfield and engineering services provider - Signs three "major agreements" with oil major BP PLC for engineering and project delivery services. Does not give any financial details of the contracts but says they consist of one new three-year deal and three-year extensions of two others. They cover a new master services agreement for engineering, procurement and construction management services and the extension of contracts for conceptual engineering and front end engineering and design services. Read More
(Alliance News) - Stocks in London closed higher on Tuesday with blue-chips taking heart from stimulus hopes in China and mid-caps lifted by a number of well received earnings. Read More
(Alliance News) - Stock prices in London opened higher on Tuesday, supported by travel stocks, oil majors and miners, and for now shaking off worries about possible tariffs during the Trump-era and any nerves ahead of US jobs data. Read More
(Alliance News) - London's FTSE 100 went into Monday afternoon higher, supported by China-exposed stocks after promising data there, but housebuilders struggled. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - The FTSE 100 closed higher on Monday as markets gave a nod of approval to Donald Trump's choice of Scott Bessent as his US Treasury pick, and hopes grew of a ceasefire between Israel and Lebanon’s Hezbollah. Read More
(Alliance News) - London's FTSE 100 was higher around midday on Friday, outperforming European peers, as a batch of weak economic data saw traders add to rate cut bets. Read More
(Alliance News) - Mitsui & Co Ltd on Friday said a consortium in which it participates has reached a final investment decision regarding the Tangguh Ubadari joint venture gas project. Read More