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Falling oil prices meant BP’s update today was never going to produce fireworks. The company has entered a phase of oil prices below $90 that are eroding margins and denting cash generation. The impact was evident in the oil major’s Q3 update with replacement profit falling to $1.1bn compared to $3.6bn in the same quarter […]
Yesterday’s Q3 Trading Update from Gulf Marine Services (LON:GMS) showed continuing growth in turnover and profitability. Following on from recent contract wins the group, which is a leading provider of advanced self-propelled, self-elevating support vessels serving the offshore oil, gas and renewables industries, has inspired broking analysts to increase their Price Objectives for the group’s […]
Energy supplier and energy efficiency service provider Good Energy (LON: GOOD) has revealed that it has “received an unsolicited indicative, non-binding proposal”, which the board and the company’s advisers are currently considering. There was no indication of the level of the bid, but the shares jumped 19.7% to 353p/share. The share price went over 400p […]
The blue-chip FTSE 100 added 0.43%, while the midcap FTSE 250 was 0.14% higher The UK's benchmark FTSE 100 gained on Monday in a broader rally led by travel and leisure shares, as well as aerospace and defence stocks, though losses in commodity-linked companies capped overall gains. The blue-chip FTSE 100 added 0.43% by 1601
The Nikkei share average gained 1.45% to 38,463.50 by midday, and was earlier up almost 2% Japanese stocks gained strongly on Monday as the yen dipped to a three-month low after Prime Minister Shigeru Ishiba's coalition lost its parliamentary majority in Sunday's election, raising uncertainty over the path for policy and the economy. Ishiba's Liberal