Soco International has long been a favourite of the market gossips, but the mid-tier oil explorer slipped 1.9p to 343.2p as hopes of an imminent approach were dashed... more
Market round-up: The miserable GDP figures leave gloomy expressions on many faces in the City, but it wasn't enough to stop gossip in the Square Mile... more
Market round-up: Rumours of interest in Lookers are revived, with the City’s big mouths claiming that a private equity firm is mulling a bid worth 95p per share... more
Shares in Soco International plunged by 9% as the oil explorer prepares to plug and abandon a well in the Democratic Republic of Congo after hitting water... more
London's best-performing blue-chip was Tui Travel on renewed talk that its biggest shareholder is weighing up a bid for the rest of the package holidays group... more
Market Round-up: Crisis-hit BP climbs to a five-week high after finally stopping crude gushing out into the Gulf of Mexico — at least temporarily... more
Is the board of British Airways about to buy a one-way ticket to Madrid? That was the story doing the rounds in the Square Mile this morning amid claims that the proposed merger with Spanish carrier Iberia could be completed by the second quarter of next year ... more
Is the board of British Airways about to buy a one-way ticket to Madrid? That was the story doing the rounds in the Square Mile this morning amid claims that the proposed merger with Spanish carrier Iberia could be completed by the second quarter of next year ... more
The banks faced another harrowing sell-off session following weekend moves by the Government to start hiving off bits and pieces of Lloyds Banking Group, Northern Rock and Royal Bank of Scotland in order to appease the EU regulators ... more
Stock market investors whose confidence shows signs of wobbling following a strong performance by shares during the third quarter, were offered some reassurance... more
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 UK's well-run supermarket chains have also often been admired for their defensive qualities in times of trouble. But perhaps not for much longer.... more
Soco International is avoiding the insolvency fears spreading through the exploration sector by reporting cash balances of $303 million (£219 million)... more
Taylor Wimpey's fall from grace among stock-market investors will be completed by the close of business tonight when its shares drop out of the Footsie 250 index ... more
Analysis: Roughneck has acquired the sort of reputation at the racier end of the oil and gas industry that is enjoyed by Guido Fawkes, the notorious Westminster blogger... more
The price of oil was today falling back toward $100 a barrel for the first time in five months after the Opec cartel signalled there would be no need to make cuts in production in order to underpin the price... more
Premier Oil’s net profits soared almost 250% to £38.9 million in the first half and it says all four of its major developments have made strong progress... more
Afternoon:
8°c
