(Alliance News) - Major indices in Europe edged higher going into Friday afternoon, as investors look ahead of another inflation data reading from the US and some earnings from banking stocks. Read More
Saipem Spa - Milan-based oilfield services company - A consortium consisting of Saipem Contracting Netherlands BV, BOS Shelf LLC and BOS Shelf International FZCO has signed a framework agreement with BP Exploration (Caspian Sea) Ltd, part of BP PLC. The deal entails the execution of offshore activities in the Azerbaijani waters of the Caspian Sea. Saipem will operate the SCV Khankendi vessel and provide the crew for marine activities concerning the Shah Deniz and Azeri-Chirag-Gunashli fields. The consortium will take responsibility for the installation, construction, procurement and installation of subsea infrastructures and life-of-field services. Saipem estimates the overall value of the services to be approximately USD300 million. Of this, USD250 million relates to Saipem's share. Initial agreement has a three-year duration, but may be extended for two more years. Read More
(Alliance News) - Shell PLC on Wednesday said it will invest in a liquefied natural gas project in Abu Dhabi alongside BP PLC, TotalEnergies SE and Mitsui & Co Ltd. Read More
(Alliance News) - European equities declined on Tuesday, with markets uneasy due to fears of a French political impasse, while trade in New York was mixed as investors digested comments from Federal Reserve Chair Jerome Powell. Read More
(Alliance News) - BP PLC shares fell after the oil major said it will book an up to USD2 billion impairment in its second-quarter, and flagged lower refining margins. Read More
(Alliance News) - Stock prices in London opened mixed on Tuesday, with investors awaiting US Federal Reserve Chair Jerome Powell testimony. Read More
(Alliance News) - BP PLC on Tuesday said it expects to take an impairment charge of up to USD2 billion in the second quarter, partly because of the review of refining activities in Germany that it announced in March. Read More
(Alliance News) - Stock prices in London had a muted reaction to France's latest election round, which has seen the country tipped into political deadlock. Read More
(Alliance News) - London's FTSE 100 was on the back foot in early dealings, with barely a handful of its heavyweights in the green, in nervy trade ahead of eurozone inflation and US labour market data. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - BP' PLC's new Chief Executive Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects, Reuters reported, citing sources at the company. Read More
(Alliance News) - The FTSE 100 is called to open higher on Friday, following some confident trade in Asia and a rise for US stocks overnight, and some better UK economic data. Read More
(Alliance News) - BP PLC on Thursday said it has agreed to buy Bunge's 50% stake in the BP Bioenergia SA joint venture for USD1.4 billion. Read More
(Alliance News) - Stock prices in London closed lower on Tuesday, with New York tracking down, amid some disappointing economic data from the US. Read More
(Alliance News) - Stock prices in London were lower at midday Tuesday, with oil majors BP and Shell dragging the index lower as oil prices took a hit. Read More
(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher following Wednesday's softer US inflation data. Read More
(Alliance News) - Costain Group PLC on Thursday said trading in the year to date is in line with expectations, underpinned by a number of contract wins. Read More
IP Group PLC - invests in companies pursuing breakthrough science - Portfolio company Hysata Pty Ltd completes USD111.3 million series B funding round. Hysata is developing electrolysers to produce green hydrogen efficiently. It will use the fresh cash to advance product development and expand production capacity at its manufacturing facility in Wollongong, New South Wales, Australia, as it focuses on "reaching gigawatt scale manufacturing". The funding round, which Hysata calls "the largest series B in Australian clean tech history", is led by bp Ventures, part of oil major BP PLC, and private equity firm Templewater Ltd, a spin-off from Investec PLC. Read More