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’Snap news
Breaking pre-market news on Wednesday,
- Man Group says clients pulled out $2.6bn of cash in Q2 – statement.
- Tullow Oil says Enyenra-3A appraisal well a success — statement.
- Norlisk Nickel announces share buyback — statement.
Snap news
Breaking pre-market news on Thursday,
- Secretary of State for Culture, Olympics, Media and Sport says he intends to approve News Corp bid for BSkyB — statement.
- Glencore announces 39% rise in full-year net income before exceptionals – statement.
Snap news
Breaking pre-market news on Monday,
- Tullow Oil confirms major oil find off Ghana – statement.
- Unicredit says has received potential offer for MCC unit – statement.
- BAE Systems mulls platform solutions sale – statement.
Snap news
Breaking pre-market news on Wednesday,
- BHP Billiton posts full-year operating profit of $20.03bn — statement.
- Tullow Oil says 1bn barrels discovered in Uganda; deal for Heritage assets hinges on tax dispute — statement.
Snap news
Breaking pre-market news on Tuesday,
- BP reveals $17bn loss; $32.2bn pre-tax charge — statement and statement.
- Dudley takes BP helm; Hayward nominated for TNK-BP post — statement.
- Tomkins valued at £2.89bn in Pinafore acquisition — statement.
Snap news
Breaking pre-market news on Monday,
- Connaught breaks bank covenants, identifies urgent need for cash – statement.
- Pearson upgrades full-year outlook – statement.
- Tullow Oil makes excellent quality discovery offshore Ghana – statement.
Snap news
Breaking pre-market news on Thursday,
- Dimension Data recommends £2.1bn/120p a share cash offer from Nippon Telegraph — statement.
- Fairfield Energy postpones IPO “in light of market conditions”
Snap news
Breaking pre-market news on Wednesday,
- Heritage Oil gets approval for Ugandan asset sale but tax row rumbles on — statement.
- Marks & Spencer reports good start to the year; like-for-like sales up 3.6 per cent — statement.
Snap news
Breaking pre-market news on Wednesday,
- Allianz Q1 net profit €1.6bn – statement.
- Maersk says raises 2010 profit outlook – statement.
- RWE says Q1 operating profit up 14 per cent – statement.
Snap news
Breaking pre-market news on Tuesday,
- Fortis to liquidate sub-holding to simplify structure – statement.
- Tullow Oil makes new Uganda finds – statement.
- Telecom Italia cuts growth target – Bloomberg.
Snap news
Breaking pre-market news on Thursday,
- China grows 10.7 per cent in fourth quarter, inflation up 1.9 per cent in December – FT.
- Frank Timis’s African Minerals raises £80m via underwritten equity issue at 400p – statement.
Snap news
Breaking pre-market news on Thursday,
- Balfour Beatty confirm it is in advanced discussions regarding a “significant and complementary” acquisition – statement.
- Tullow Oil finds oil in its Ugandan Ngassa-2 well;
Oil groups confirm big find
Anadarko, the US oil group, and partners Woodside of Australia, Repsol of Spain and Tullow Oil of the UK, on Wednesday confirmed the discovery of an offshore oil region from Sierra Leone to Ghana, in which they expect to find more huge oil fields in the next five years.
Snap news
Breaking pre-market news on Wednesday,
- Natixis parent BCPE will guarantee €35bn of toxic assets as the struggling investment bank – Reuters.
- Gazprom said its oil arm had accumulated a 55 per cent stake in Sibir Energy between April and June 2009,
Snap news
Breaking pre-market news on Monday,
- Resolution under investigation by the FSA – statement
- Tullow Oil finalises $2bn debt facility (at Libor +375bps) – statement
- Hiscox reports £105.2m profits (2007:
Tullow placing raises concerns
Tullow Oil’s successful £400m share placing in London on Wednesday raised concerns about bankers’ increasing use of capital-raising structures that some shareholders say circumvent the rules protecting their rights.
Snap news
Breaking pre-market news on Wednesday,
- Britannia and Co-operative recommend £70bn super-mutual merger – statement.
- RAB capital reports results: assets under management at $1.9bn (2007: $7.2bn) – statement.
UK’s Tullow Oil poised for FTSE100
Tullow Oil is set to complete a rags-to-riches story and join the FTSE 100 index next week after revealing on Tuesday it is sitting on a potential 1.3bn barrels of crude in Ghana, reports The Times. Shares in Tullow rose 6.6 per cent to a high of 547p,