Energean shares jump as drilling starts on offshore Israeli wells March 4, 2019 Energean Oil and Gas bounded on the stock exchange today as it started drilling in Israel. The company said it was drilling three development wells, and will spud its Karish North well on schedule. Read more: Energean shares put foot on the gas after Israeli supply deal The four-well development sent shares up by around [...]
Nasdaq improves offer for Norwegian stock exchange Oslo Bors as bidding battle intensifies March 4, 2019 Nasdaq has boosted its offer for Norwegian stock exchange Oslo Bors as it seeks to outbid rival Euronext. The US exchange said today it had increased its offer from 152 Norwegian kroner to 158 Norwegian kroner, valuing the business at roughly 6.8bn Norwegian krone (£600m). The move matches an offer from European rival Euronext which [...]
Anglo American chief executive doubles pay in successful year March 4, 2019 The chief executive of Anglo American sparkled last year, winning himself a hefty package which more than doubled his pay for the year, the company revealed today. Mark Cutifani took home £14.7m, £8m more than 2017, as the miner’s stock price jumped. Read more: Anglo American to resume operations in Brazil after fixing pipeline leak “Mark Cutifani’s [...]
Newmont hits back at Barrick management as it rejects hostile bid March 4, 2019 Newmont chief executive Gary Goldberg has hit out at Barrick’s management for lacking global experience as his company rejected the miner’s hostile $18bn (£14bn) offer. Read more: Barrick and Newmont bosses exchange insults after hostile bid The offer came just months after Barrick completed its $6bn acquisition of Randgold Resources, installing the target’s chief executive Mark [...]
What Anthony Scaramucci did next March 4, 2019 | City Talk After a brief and calamitous stint in the White House catapulted him to international fame, Anthony Scaramucci is back at SkyBridge Capital, the hedge fund he founded in 2005, he has revealed in an interview with Opto magazine. For a brief period in July 2017, Anthony Scaramucci found himself at the centre of American politics. [...]
Oil prices end the week down on global demand worries March 2, 2019 Oil prices ended Friday 2 per cent down, finishing the week around 3 per cent lower on concerns over global demand following weak US manufacturing data that overshadowed supply cuts and sanctions on Venezuela and Iran. After a promising start to the session to over a three-month high, crude fell sharply on demand worries, while [...]
Parliament gets Brexit votes: Pound hits $1.33, FTSE 100 comes off 7,200 March 1, 2019 | City Talk Just as it seemed Theresa May was on track to appease the hard-line Brexiters in her party, it’s now the Remainers causing problems. Last week three MPs, Anna Soubry, Sarah Wollaston and Heidi Allen, quit to join the new Independent Party formed by eight breakaway Labour MPs a few days before. More Conservatives have threatened [...]
Higher oil prices help Repsol beat expectations with surging profits February 28, 2019 Repsol beat expectations today as production increased and oil prices ticked upwards. The Spanish oil and gas firm said it is on track to meet its objectives until 2020, including a €15bn (£13bn) investment drive, and debt reduction. Net profit, adjusted for one-off gains and inventory effects, increased 7.5 per cent to €632m last year, compared to [...]
Oil and gas firm Diversified could benefit from Brexit, boss says as earnings soar February 28, 2019 Diversified Gas and Oil could benefit from Brexit, its chief executive said today, as the company posted a leap in earnings of 912 per cent as production rocketed. Rusty Hutson said his US-based company, which is denominated in dollars, will see little negative impact of Britain’s exit from the European Union, and might even see an upside. [...]
Mining giant Rio Tinto rewards investors with $4bn special dividend after better-than-expected results for 2018 February 27, 2019 Rio Tinto announced a $4bn (£3bn) special dividend to shareholders yesterday in the light of positive results for 2018, which were ahead of market expectations. The news brings Rio’s total shareholder payout for 2018 to a record $13.5bn. Underlying profits rose two per cent year on year to $8.8bn. The Anglo-Australian mining giant also announced [...]
