LONDON (Alliance News) - Caracal Energy Inc Friday said it had swung into a pretax profit in the first quarter of 2014, as it saw its first oil revenues from its Badila Field in Chad. The company, which is set to be acquired by GlencoreXstrata PLC, posted a pretax profit of USD8.7 million i Read More
LONDON (Alliance News) - British gas parent <strong>Centrica</strong> has issued a profit warning Thursday, blaming the extreme winter weather in the US but mild conditions in the UK, as well as the intense pressure that's been put on energy providers in the UK in recent months by politicians Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.<br />-------<br />FTSE 100 - WINNERS<br />-------<br /><strong>Barclays</strong>, up 4.9%. Barclays has detailed plans to shrink its investment bank with a new round Read More
LONDON (Alliance News) - Zanaga Iron Ore Co Thursday said the feasibility study it conducted at the Zanaga Iron Ore Project had shown that a staged development process at the site would be better than a single-stage development, and it has now applied for a mining licence and environmental permit Read More
LONDON (Alliance News) - The following is a summary of top news stories Thursday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>Barclays</strong> PLC detailed plans to shrink its investment bank with a new round of job cuts, while shifting billions of pounds' wor Read More
LONDON (Alliance News) - Glencore Xstrata PLC said Thursday it has appointed Tony Hayward as permanent Chairman of the company with immediate effect. Hayward was appointed to the board in April 2011, prior to Glencore's IPO. He served from the IPO as the Senior Independent Director until Ma Read More
LONDON (Alliance News) - UK shares have opened mostly higher Thursday ahead of interest-rate decisions by the Bank of England and European Central Bank and amid tentative signs of reduced tensions in Ukraine.<br /><br /><strong>BT</strong> and <strong>Barclays</strong> lead the FTSE 100 at the Read More
LONDON (Alliance News) - Glencore Xstrata PLC is set to name Tony Hayward as Chairman following a year long search for Sir John Bond's replacement, according to a report in The Telegraph late Wednesday. The former BP PLC Chief has been serving as interim Chairman since last May, and is expe Read More
LONDON (Alliance News) - <strong>AstraZeneca</strong> Tuesday set out its defence against a GBP63 billion takeover offer from US rival Pfizer Inc, urging its investors to be patient because it is set to grow quickly after it invests in its pipeline and transforms the company over the next few Read More
LONDON (Alliance News) - The following is a summary of top news stories Tuesday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br />British drugs company<strong> AstraZeneca</strong> PLC set out its defence against a GBP63 billion takeover offer from US rival Pfizer Inc, urgi Read More
LONDON (Alliance News) - UK shares have opened marginally higher Tuesday despite growing tensions in Ukraine but following a modestly positive lead from Wall Street on Monday.<br /><br />Several major UK companies have provided quarterly updates early Tuesday.<br /><br /><strong>Barclays</stro Read More
LONDON (Alliance News) - Glencore Xstrata PLC Tuesday said it raised production across a range of metals during its first quarter compared to the previous year but suffered a fall in zinc production year-on-year and in copper, zinc and gold production sequentially from the quarter just prior. Read More
LONDON (Alliance News) - UK stocks are expected to open marginally higher Tuesday as UK market participants return from the Bank Holiday weekend ahead of a raft of services purchasing managers' index data from the UK and across the euro area. However, focus also will be on Ukraine, where te Read More
LONDON (Alliance News) - The FTSE 100 ended modestly higher Friday ahead of a holiday weekend, having closed in positive territory every day this week. Throughout the week, the blue-chip index has been boosted by strong performances in turn by some of its key individual constituents, and Fr Read More