LONDON (Alliance News) - Cairn Energy PLC Monday said the exploration JM-1 well offshore Morocco has been plugged and abandoned without testing. The major oil and gas exploration company said the well was drilled to a total depth of 3,711 metres and confirmed the presence of heavy oil over Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Monday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />BERNSTEIN CUTS RSA INSURANCE PRICE TARGET TO 115 (130) PENCE - 'OUTPERFORM' <br />----------<br />CITIGROUP CUTS RSA INSURANCE P Read More
LONDON (Alliance News) - Cairn Energy PLC Wednesday said Non-Executive Director Alexander Berger bought 3,147 shares at a price of GBP1.94 per share. Following this transaction, Berger now holds 16,498 shares total. Shares in the energy company were trading up 0.9% at 193.80 pence Wed Read More
LONDON (Alliance News) - The FTSE 100 is set to post its worst January performance for five years after the global equities sell-off resumed Friday amid further concerns about slowing growth in emerging markets and some poor corporate reports in Europe and the US.<br /><br />The main London in Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Friday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />HSBC RAISES NATIONAL GRID TO 'OVERWEIGHT' ('NEUTRAL') - PRICE TARGET 880 (860) PENCE <br />----------<br />JEFFERIES RAISES EASY Read More
LONDON (Alliance News) - Cairn Energy PLC Friday pledged to defend itself in India as it claimed that the recent tax claim it had received from authorities was the result of a law brought in after the year affected by the claim. In a statement, the company said it had re-confirmed with its Read More
LONDON (Alliance News) - A strong earnings report from <strong>BT Group</strong> has helped lift UK shares at the open Friday. The FTSE 100 telecom stock is up 3.7% at 384.60 pence.<br /><br />Brokers are providing their take on Thursday's corporate news makers, with Goldman Sach cutting <stro Read More
LONDON (Alliance News) - The following UK shares received analyst recommendations Monday morning:<br />----------<br /><strong>FTSE 100</strong><br />----------<br />BARCLAYS RAISES LONDON STOCK EXCHANGE PRICE TARGET TO 2200 (1800) PENCE - 'OVERWEIGHT' <br />----------<br />NUMIS RAISES LONDON Read More
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