FTSE 100 News

Britain’s largest retailer, Tesco (LSE:TSCO) watched its share price drop by 1.34% today after announcing a third consecutive quarter of declining sales. Despite acknowledging that Tesco has lost an average of nearly one million customers per week, CEO, Philip Clarke, has been trying about as hard as I have ever seen anyone try to cover […]

Ophir Energy (LSE:OPHR) said Wednesday it has made a new gas discovery in Tanzania. In a statement, the FTSE 250 oil and gas explorer said the Taachui well encoutered 155 metres of net gas pay equivalent to an estimate of about 1 trillion cubic feet (tcf) of gas. “The size of the gas column is […]

Phizer (NYSE:PFE) has officially withdrawn it’s £69 billion offer to acquire British pharmaceutical giant, AstaZeneca (LSE:AZN). According to a statement from Pfizer on 26 May, the deal has been withdrawn and, therefore, will not happen at any time in the near future, if ever. The text of Pfizer’s announcement read: On 18 May 2014, Pfizer announced […]

The latest offer from Pfizer (NYSE:PFE) for AstraZeneca (LSE:AZN) (NYSE:AZN) has turned into a Phizaster. No matter how loudly one shouts “No,” it usually causes other voices to cry out in protest. Whilst the original “No” was directed at Pfizer, now the AZN board is saying “No” to its own shareholders. That’s probably not a […]

The biggest financial news of the day, for me at least, is that the new company, formerly known as Glencore Xstrata (LSE:GLEN), and known before that as two companies, i.e., Glencore and Xtrata, shall now henceforth officially be called Glencore. Its EPIC ID will still be GLEN. The impact of the announcement at the company’s […]

Nostrum Oil & Gas wants to have a premium listing on the London Stock Exchange and a place at the FTSE index, the Kazakhstan-focused oil and gas producer said on Tuesday. In a statement, the directors of Nostrum plans to admit a newly established holding company on the LSE’s main market as well as on […]

It took less than 24 hours, most of which, I assume, AstraZeneca’s (LSE:AZN) chairman, Leif Johansson spent getting a good night’s sleep, to resoundingly reject Pfizer’s (NYSE:PFE) latest and final takeover offer of £55.00 per share. AZN share price has dropped by more than 11% to £42.75. Pfizer made it abundantly clear yesterday, 18 May, that £55.00 per […]

I have avoided writing about the on-again, off-again takeover of AstraZeneca (LSE:AZN) by Pfizer (NYSE:PFE) simply because it has been on-gain, off-again. As of just a few minutes ago Pfizer released news and details of what it says is its final offer to AstraZeneca. In short, if this deal happens, it will be one of […]

Independent oil and gas exploration and production firm Tullow Oil (LSE:TLW) said two wells being drilled in Kenya have encountered oil. In a statement today, the FTSE100 constituent said the Twiga-2 appraisal well found 62 metres of net oil pay after sidetracking the well from its original drill. Before sidetracking, the well only encountered 18 […]

I used to live in Kansas. It is, for the most part, a very large, flat plain. I used to say that “It’s not the end of the world, but you can see it from here.” (Did I mention that I now live on the east coast of the US, just a few minutes from […]