FTSE 100 News

Tullow Oil Abandons Mauritanian Well

Apr 25 2014 @ 04:51
Tullow Oil (LSE:TLW) has decided to plug and abandon its second exploration well offshore of Mauritania after tit failed to show hydrocarbon, the independent oil and gas explorer said Friday. In a statement, the FTSE 100 oil producer said the Tapendar-1 well, which was drilled to test two targets, encountered water-bearing sands in one and […]

Footsie Pharmaceutical Day

Apr 22 2014 @ 09:19
The usual, quiet, long Easter weekend has passed and the markets have opened to a roar from the pharmaceutical sector that one would expect to accompany the announcement of a new drug that both cures cancer and encourages erections that last more than four hours. Let’s identify the companies first, then try to sort it […]

Shell Drills New Gas Discovery in Malaysia

Apr 17 2014 @ 04:10
Royal Dutch Shell (LSE:RDSA) (LSE:RDSB) successfully drilled a new gas discovery off the coast of Malaysia, the petroleum giant announced today. In a statement, Shell reported it encountered 450 metres of gas column after drilling Rosmari-1 to a depth of 2,123 metres, 135 kilometres off the coast of Sarawak state, in the island of Borneo. […]

Quindell Still on Course

Apr 16 2014 @ 14:37
The share price of AIM-listed and Main Market-bound Quindell (LSE:QPP) gained 1.35% to close at 37.62 pence today, regaining some of the ground that it had lost since nearly breaking the 44.00 mark on April 7th for the second time this year. The release of Quindell’s Q1 Trading Statement was an obvious factor on the day. […]

BHP Billiton Raises Outlook for Iron Ore and Coal Outputs

Apr 16 2014 @ 04:04
Anglo-Australian oil and mining firm BHP Billiton (LSE:BLT) is raising its outlook for its iron ore and coal outputs for the 2014 fiscal year, BHP Billiton’s Chief Executive, Andrew Mackenzie said, Wednesday. In a statement, Mackenzie, who will be in his first year as CEO of BHP Billiton on May 10th, said the company is […]

Christine Hits Rio Tinto’s Iron Ore Business

Apr 15 2014 @ 03:57
Global mining giant Rio Tinto (LSE:RIO) revealed Tuesday morning its iron ore production fell on account of “seasonal weather patterns” affecting its Australian mines. In its first quarter report for 2014, the London-listed firm produced 66.4 million tonnes (Mt) of iron ore, six per cent lower than its output in the last quarter of 2013. […]

Quindell Headed for Main Market

Mar 31 2014 @ 10:38
Quindell (LSE:QPP), the #1 insurance technology business in Europe, watched its share price decline this morning despite an impressive report for the year ending 31 December 2013. The report also reaffirmed the company’s continuing strategy to become listed on the Main Market. Founder and Executive Chairman, Rob Terry, indicated that “2013 was a year to […]

Balfour Beatty Builds in Dubai

Mar 21 2014 @ 11:37
Let’s face it. The construction business has been in the the crapper for about six years now. Residential and commercial building has is still trying to recover from the devastation of the 2008 economic collapse. It’s hard to build when you can’t get the funding to do it. Some infrastructure giants like Balfour Beatty (LSE:BBY) […]

Imagination Introduces Ray Tracing- Shares Up 12%

Mar 19 2014 @ 10:52
I remember Ray Tracing back when we were in university together, so I was anxious to see what he is doing at Imagination Technologies (LSE:IMG). The first news that I heard was that IMG’s share price was up 12% this morning. So I thought he must be doing something great. Then I heard that he […]

Gulf Keystone at the Crossroads

Mar 17 2014 @ 11:09
We are only a week away from GKP’s exit from the AIM and its entrance into the Main Market. The share price of Gulf Keystone Petroleum (LSE:GKP) closed last Monday, 10 March 2014, at 149.00. But something dramatic happened during the week. GKP’s share priced plunged to 120.25 on Thursday, 13 March, and again on Friday […]
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