"Bottom fishing and pharmaceuticals." That's how traders described their activities this morning. Luckily they meant nothing more than looking for the cheapest possible stocks... more
UK oil explorer Heritage Oil announces a $100 million share buyback, after a halving in its share price since January and as the explorer faces a $313 million lawsuit from former partner Tullow Oil... more
Market round-up: You might have thought that discovering the biggest gas field in Iraq in more than 30 years would be a fillip to any energy explorer's shares. Not, alas, for Heritage Oil... more
The Ugandan government is will “imminently” approve the sale of oilfields in the country which are owned by Canada’s Heritage Oil to Britain’s Tullow Oil... more
As investors spent a second day panicking over the impact on financial stocks of President Obama’s War on Wall Street, oil shares did their best to claim a little of the limelight... more
The Deal is back. Kraft’s unsolicited £10 billion bid for Cadbury. The merger of T-Mobile and Orange to form Britain’s largest mobile phone operator. Investment bankers are slavering after 18 months of what former senior Tory Alan Duncan might term “living on rations”
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Shares of Heritage Oil hit a low for the day of 510p before rebounding with a rise of 26½p to 532p after announcing plans to raise up to £137 million to help finance the proposed acquisition of Genel Energy International... more
The big High Street banks took another tonking, leaving investors who this summer took up or underwrote £16 billion of rights issues from HBOS and Royal Bank of Scotland nursing hefty losses... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
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