Search

PERSONAL GOODS Burberry, the luxury goods brand, has been swept up in the steep deterioration in US retail sales after recording six months of solid growth. US department stores, including [...]

REAL ESTATE JPMorgan lifted spirits in London's Docklands yesterday Canary Wharf after announcing a [pounds sterling]237m deal with Canary Wharf Group to develop a building in the district. The US [...]

MINING Production for year to fall below 2007 Profits likely to be lower than forecasts Eurasian Natural Resources Corp yesterday joined the rising number of mining companies cutting output and [...]

mining London-listed Eurasian Natural Resources yesterday joined the growing number of mining companies cutting output and slashing expansion plans in response to the slowing world economy. The company, whose operations [...]

Real Estate Residential land market moribund Developer's priority is cost control St Modwen Properties, the land regeneration company, has warned that it cannot offset worse-than-expected falls in commercial property prices [...]

OIL & GAS Deal expected by end of the year Group has delayed main market move Royal Dutch Shell is poised to take a large stake in Sibir Energy, the [...]

LEISURE GOODS Enterprise Inns sought to reassure investors over its financial health yesterday, saying it had shelved plans to convert to real estate investment trust status and would step up [...]

News Analysis Sibir Energy has managed to keep the state, Russian investors and its western executives happy, writes Toby Shelley Royal Dutch Shell's interest in Sibir Energyis an acknowledgment of [...]

OIL & GAS Salamander Energy yesterday moved to become a consolidator of UK-listed oil groups operating in south-east Asia with a hostile all-share proposal for Serica Energy, valuing it at [...]

MINING Move hints figures will disappoint Doubts producer can hold off bid Lonmin replaced its chief executive yesterday, just three days before the deadline for Xstrata to make good its [...]

MINING Vedanta Resources surprised the market yesterday by rescinding a radical restructuring plan announced just days ago, citing 'changes in global financial markets and investor feedback'. The FTSE 100 mining [...]

Indago Petroleum will focus on asset or corporate transactions after its drilling campaign hit operational problems with two wells being abandoned. The only assets of the company, whose chairman is [...]

GENERAL FINANCIAL US business drags down results Investment bank in cost-cutting move Panmure Gordon fell into the red in the six months to the end of June as the investment [...]

OIL & GAS Production focus fails to halt slide Expected rerating fails to materialise Roc Oil has declared itself a takeover target after its share price fell last week to [...]

SUPPORT SERVICES Cape said its full-year profits were on course to beat expectations and that it planned to return to the main board of the London Stock Exchange in the [...]

Centrica is to pay Warwick Energy [pounds sterling]70m for a gas storage facility in Yorkshire. The acquisition comes amid growing corporate interest in UK gas storage as the country's dependence [...]

SUPPORT SERVICES Future of US arm to be reviewed Further job cuts and disposals likely Wolseley has moved to reassure investors it will remain within its banking covenants by promising [...]

CONSTRUCTION Wolseley has moved to reassure investors that it will remain within its banking covenants by promising a review of its lossmaking US building supplies business, further job cuts, more [...]

TRAVEL & LEISURE EasyJet has warned that the strength of the euro and a worsening consumer environment in the UK would slow the strong gains in revenue per seat it [...]

Tullow Oil said an exploration well in Rajasthan in India had been abandoned after it failed to find oil or gas. The rig will now move to a different site [...]

OIL & GAS Mikhail Ivanov, chief executive of Volga Gas, yesterday insisted the company's development plans were on track and funded in spite of the legal challenge to its ownership [...]

MINING Aim is to be global aluminium miner Focus on India and emerging markets Vedanta Resources yesterday detailed a $9.8bn ([pounds sterling]5.6bn) plan to make it a leading global producer [...]

OIL & GAS News Analysis In an increasingly volatile market, control over supply will be critical, writes Toby Shelley As UK gas production slows and concern increases over the cost [...]

MINING Vedanta Resources said yesterday it would spend $9.8bn in a plan to become one of the world's biggest aluminium producers.Vedanta Resources The FTSE 100 miner hopes to benefit from [...]

Oil & Gas Move helps secure reserves for Europe Strategy fits with focus on Africa Italy's Eni emerged yesterday as the buyer of First Calgary Petroleums in a move that [...]

Plantic Technologies will today announce plans for a packaging plant in Germany. By manufacturing in Europe, the Australia-based maker of biodegradable and compostable packaging from corn starch will eventually be [...]

OIL EQUIPMENT AaAeAeA[pounds sterling]626m deal boosts service group Browne returns to London market Lord Browne, the former chief executive of BP, returned to the London stock market yesterday as Riverstone, [...]

FOOD PRODUCERS New Britain Palm Oil almost doubled its profits in the first six months of the year on the back of soaring prices for crude palm oil. The Aim-listed [...]

SUPPORT SERVICES Travis Perkins is to cut staffing levels and put acquisitions on hold as it shores up cash for what it expects to be a protracted downturn. The builders' [...]

ELECTRICITY Centrica has fulfilled a long-standing vow to take control of Belgian power company SPE, frustrating Gaz de France's plans to sell its stake to EDF. The British-based utility exercised [...]

Johnson Matthey said that half-year profits to the end of September would be well ahead of the [pounds sterling]120m pre-tax earnings for the same period last year, in spite of [...]

OIL & GAS Shares in Cadogan Petroleum were suspended yesterday, just a month after the company floated in London. The company became the latest victim of perceived legal risks of [...]

London and Toronto-listed Oilexco yesterday said tests proved that its June discovery of gas and condensate in the North Sea could be one of the largest in the area in [...]

Peter Hambro Mining continued to increase production and prices in the first half, with a 9 per cent boost in gold production. In a trading update yesterday, the miner said [...]

Salamander Energy has announced a [pounds sterling]100m fully underwritten placing and open offer to fund field development in Thailand and Indonesia, accelerate exploration work and finance previously announced acquisitions. The [...]

Rio Tinto has more than doubled its first-half exploration and evaluation work to $401m ([pounds sterling]200m) compared with last year. In its quarterly review of operations, the Anglo-Australian miner also [...]

mining Group continues to invest in expansion Rio Tintosaid it had spent $401m on exploration and evaluation work in the first half of the year, more than double the amount [...]

OIL & GAS Company cautions on bid being made Offer could put end to Russian 'threats' Imperial Energy, the Russia-focused oil company, has been approached by ONGC, the government-owned Indian [...]

OIL & GAS Continent accounts for 50% of output Ghana field set to produce in 2010 Tullow Oil has ramped up capital expenditure plans for the second time in recent [...]

Dunelm, the homewares retailer, said like-for-like sales went into reverse in the 13 weeks to June 28, falling 2.4 per cent. However, the company said that full-year like-for-like sales had [...]

electronic equipment First-half turnover advances 13% Company to meet full-year forecasts Morgan Crucible shares bucked their downward slide, rising more than 9 per cent after the British engineering company said [...]

MINING US company hopes to raise $500m Target of 20,000 barrels a day Rock Well Petroleum will today announce its intention to float on the London main board. The US [...]

John Wood Group said it was increasingly confident of delivering another year of strong growth as it benefited from high capital expenditure by oil companies on the back of strong [...]

OIL & GAS News Analysis High prices are making once uncommercial assets appear viable, says Toby Shelley Tony O'Reilly Jr believes Providence Resources has the right model at the right [...]

OIL & GAS Sibir Energy reported a trebling of full-year pre-tax profits to $344m ([pounds sterling]172m) yesterday and hailed the imminent resolution of a dispute with Gazprom, the Russian energy [...]

New passengers offset slowdown Revenue rises 17% in spite of fuel price Stagecoach said that fuel costs and environmental concerns were driving people on to public transport faster than the [...]

OIL & GAS Progress on solo gas development Reduced losses hint at break with past Regal Petroleum took an-other step towards rehabilitation yesterday after it announced reduced losses and progress [...]

ELECTRONIC EQUIPMENT The growing tide of health and safety regulations across the world helped Halma to achieve improved annual revenues and profits. The supplier of safety equipment and medical devices [...]