LONDON (Alliance News) - Cairn Energy PLC Friday said it has been contacted by the Income Tax Department of India to discuss its fiscal 2007 income tax assessments, becoming the latest in a line of international companies to come under tax scrutiny in India. The oil and gas exploration comp Read More
LONDON (Alliance News) - Bank of England Governor Mark Carney Friday signaled that rising productivity will now be the key factor that decides when the central bank will start to tighten monetary policy, and any tightening will be a slow, gradual process.<br /><br />In a speech at the World Ec Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS Weir Group, up 0.2%. The engineering company said it had won a USD98 million, or GBP59 million, two-year contract to provide Read More
LONDON (Alliance News) - Cairn Energy PLC said Non-Executive Director Alexander Berger bought 2,372 shares in the company at a price of 257.5 pence per share on Friday. The oil and gas exploration company said Berger now holds 13,351 shares in the company. The purchase was made on Ber Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />KEPLER CHEUVREUX STARTS BP WITH 'BUY' - PRICE TARGET 545 PENCE <br />----------<br />KEPLER CHEUVREUX STARTS BG GROUP WITH 'HOLD Read More
LONDON (Alliance News) - Cairn Energy PLC Friday said it has been contacted by the Income Tax Department of India to discuss previous income tax assessments. The oil and gas exploration company said the discussions are regarding tax assessments from the year ending March 31, 2007. The Read More
LONDON (Alliance News) - UK shares have opened higher Friday, as Bank of England Governor Mark Carney backed off of forward guidance and said there is "no immediate need" to raise interest rates.<br /><br /><strong>Royal Mail</strong> has reported a 2% increase in like-for-like revenues for th Read More
(An item published at 1259 GMT misstated the market prices. The correct version follows.) LONDON (Alliance News) - Anglo-Dutch consumer goods and food giant<strong> Unilever</strong> Tuesday kicked off the latest UK earnings season, reporting lower revenues for the fourth quarter and who Read More
LONDON (Alliance News) - Anglo-Dutch consumer goods and food giant<strong> Unilever</strong> Tuesday kicked off the latest UK earnings season, reporting lower revenues for the fourth quarter and whole of 2013, but its earnings beat expectations as margins were supported by price increases and Read More
LONDON (Alliance News) - Cairn Energy PLC Tuesday said it plans to drill nine wells in its 2014 exploration programme across a mix of different areas. The oil and gas exploration company said it plans to continue improving its balance sheet by developing new and already mature drilling site Read More
LONDON (Alliance News) - UK shares have opened higher Tuesday, as <strong>Unilever</strong> and<strong> SABMiller</strong> have released results and trading statements in line with expectations. <br /><br />Peel Hunt has issued ratings on the property sector, cutting <strong>Great Portland Est Read More
LONDON (Alliance News) - UK stocks are called to open slightly higher Tuesday. Prior to the open, Unilever and SABMiller have released earnings and trading statement in line with expectations. Meanwhile, trading volumes are expected to return to normal, after dipping Monday, as Wall Street Read More
LONDON (Alliance News) - Both the FTSE 100 and the FTSE 250 closed slightly higher Monday, despite being weighed upon by banking stocks, which fell in the aftermath of disappointing results from German lender Deutsche Bank. Meanwhile, trading volumes were low as Wall Street is closed for th Read More
LONDON (Alliance News) - UK companies Wednesday started to warn that they are facing a profit hit from the gains sterling has made over the last six months, as revenues they bring back from sales overseas are worth less when translated into pounds. Luxury fashion house Burberry Group, polym Read More
LONDON (Alliance News) - Cairn Energy PLC Wednesday said that operator Wintershall Norge AS has informed it that it is about to complete drilling of two appraisal wells on the 418 production license in the Norwegian North Sea, and they will then be plugged and abandoned. Cairn has a 20% int Read More