(Alliance News) - Abu Dhabi National Oil Co on Tuesday confirmed it is buying Shell PLC's South African fuel operations at an enterprise value of USD1 billion. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
EnSilica PLC - Oxford, England-based computer microchip maker for space and communications, industrial, and automotive markets - Raises GBP14 million from the sale of 15.4 million new shares at 91 pence each, with EnSilica planning to use the cash to capitalise on the growing satellite communications market. The company hopes to raise a further GBP1 million from a retail share offer via the BookBuild Platform. Both offers were first announced after the London market close on Monday. Read More
(Alliance News) - Stock prices in London opened mostly higher on Tuesday, with gains for oil majors and upbeat corporate updates offsetting weakness across Asian markets after stronger-than-expected UK house price data. Read More
(Alliance News) - Victrex PLC on Tuesday maintained its full-year guidance after reporting double-digit growth in revenue and volumes in the third quarter of its financial year. Read More
(Alliance News) - Shares in Beauty Tech Group PLC got a boost on Tuesday after the seller of at-home beauty treatment technology said its annual results will beat market expectations. Read More
BP PLC - London-based oil major - On Monday, says has agreed to sell its non-operated interest in the Bay du Nord project offshore Newfoundland & Labrador in Canada, to Equinor ASA. BP says the transaction is consistent with its focus on portfolio simplification and disciplined capital allocation. BP holds interests across 10 licences associated with the Bay du Nord project, representing an average working interest of around 37%, with Equinor being the operator. Gordon Birrell, executive vice president at BP's Upstream, says: "We're proud of our partnership with Equinor and the work we’ve done together to develop the Bay du Nord project. However, bp is exercising strict capital discipline, allocating it to the opportunities that create the most value for bp." BP says it will continue to hold its 100% interest in two exploration licenses offshore Newfoundland & Labrador. Read More
(Alliance News) - Keller Group PLC on Tuesday upgraded its full-year outlook, citing stronger-than-expected trading, as it noted a sharp rise in customer demand for infrastructure projects in North America. Read More
(Alliance News) - Halma PLC on Tuesday said it has agreed to acquire Strasbourg, France-based Dreampath Diagnostics. Read More
(Alliance News) - Shell PLC on Tuesday nudged up second quarter guidance for integrated gas production, and said gas trading results were "significantly higher" than the first quarter amid the volatility caused by the Middle East war. Read More
(Alliance News) - UK house prices edge higher in June, Halma buys French diagnostics firm Dreampath for an initial EUR154 million, while Shell expects lower second-quarter oil production. Read More
(Alliance News) - UK house prices rose for the first time in four months in June, as easing mortgage rates offered some support to buyers despite ongoing affordability pressures, according to the Lloyds house price index. Read More
(Alliance News) - Stocks in London are set to open marginally higher on Tuesday, as investors monitor the start of the Nato summit and await UK house price data. Read More
(Alliance News) - BHP Group Ltd has received its first environmental approval for the expansion of the Escondida copper mine in Chile, Bloomberg reported Tuesday. Read More
(Alliance News) - South32 Ltd is set to receive US authorisation on Tuesday for its planned USD2 billion zinc and manganese mine within its Hermosa project in Arizona, according to a Bloomberg report citing a statement from the US Forest Service. Read More