(Alliance News) - Stock prices in London closed lower on Tuesday, as Bank of England Governor Andrew Bailey warned of upside inflation risks amid elevated energy prices, while Computacenter reversed an early rally to finish at the bottom of the FTSE 100. Read More
(Alliance News) - European equities struggled heading into Tuesday afternoon, with spiking bond yields remaining in focus, as another surge in the oil price intensified inflation fear. Read More
(Alliance News) - Stock prices in London closed slightly lower on Monday, as rising oil prices fuelled inflation concerns, while investors also digested UK Chancellor John Healey's pledge to control public spending ahead of next month's budget. Read More
(Alliance News) - The Jackdaw gas field off the coast of Aberdeen will be approved by the UK Government, reports have suggested. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
Shell PLC - London-based oil and gas company - Completes acquisition of Arc Resources Ltd. ARC shareholders receive CAD8.20 in cash and 0.40247 Shell shares for each Arc share. Based on Shell's closing share price of 3,443.00 pence on Wednesday and the latest foreign exchange rates, the deal values Arc's equity at about USD13.9 billion. Shell assumes about USD2.5 billion in net debt and leases, giving the acquisition an enterprise value of about USD16.5 billion. The equity consideration comprises USD3.3 billion in cash and USD10.6 billion in new Shell shares. The acquisition adds about 370,000 barrels of oil equivalent per day of liquids and gas production and is expected to support Shell's production compound annual growth rate of about 4% through 2030. "The transaction is expected to generate double-digit returns, bolster long-term cash flows and be accretive to free cash flow share from 2027 onwards," Shell says. Read More
BP PLC - London-headquartered oil and gas company and Shell PLC - London-based oil major - Agree to terms for Shell to acquire a 50% stake Tupinamba exploration block in the Santos Basin, offshore Brazil. The agreement also covers a 30% stake in five leases containing the Conifer exploration prospect. "The transactions support BP's disciplined approach to capital allocation in service of becoming a simpler, stronger, more valuable company," says the company. The deal remains subject to regulatory approval. Read More
(Alliance News) - Shell PLC on Tuesday said it has agreed to increase its stake in Tri Star Energy LLC, a US convenience store operator and fuel distributor, to 100% from 33%. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Stock prices in London closed lower on Tuesday as government bond yields soared on the back of rising oil prices, reigniting worries over inflation. Read More
(Alliance News) - Stock prices in London were sharply lower at midday on Tuesday, as a global bond sell-off pushed long-term UK borrowing costs to a 28-year high, while rising oil prices and concerns over inflation added to investor unease. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Tuesday. Read More
(Alliance News) - Stock prices in London opened lower on Tuesday, despite gains for oil majors and Reckitt Benckiser, as renewed US-Iran tensions and rising Treasury yields weighed on sentiment. Read More
(Alliance News) - London's FTSE 100 faded into the close on Wednesday, posting modest losses, as a strong US inflation print knocked sentiment ahead of Nvidia earnings. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Wednesday. Read More
(Alliance News) - Stock prices in London were mostly higher early on Wednesday, ahead of key US economic data and interim results from Nvidia, and with metals miners gaining in light of strong earnings from Hochschild. Read More
(Alliance News) - Stock prices in London were mostly higher at midday on Tuesday, with oil falling as the US' latest economic sanctions against Iran proved less harsh than anticipated, and appeared to signal a move away from further military escalation. Read More
(Alliance News) - Exxon Mobil Corp is interested in Shell PLC's US chemical assets sale which could be worth USD8 billion, the Financial Times reported on Monday. Read More
(Alliance News) - SkinBioTherapeutics PLC on Monday named its new interim finance chief, whilst it continues to recruit new board members. Read More
(Alliance News) - Stock prices in London were higher at around midday on Monday, despite oil shares weighing as Iran responded defiantly to Washington's threats of the "single greatest financial offensive ever", and ahead of a busy week for US economic data. Read More