Cairn Energy has found gas in unexplored shores on its first drill after agreeing to sell its assets in western Rajasthan for $9.6 bn to Vedanta Resources earlier this year. The resulting shift in focus from oil in Rajasthan to hydrocarbon off Greenland is hoped to develop new strategies for the company that made $76.1 million net loss in first half of 2009.
Shares in Cairn Energy were down on the FTSE 100 in morning trading after the group posted its results for the first half of the year.
Housebuilder Persimmon sees no double dip in the UK's economy after posting a £101.4 million return to profits up 1000 percent from last year.
Flyglobespan was Scotland's biggest airline. Based in Edinburgh, it entered into administration all too suddenly on 16 December 2009 in rather curious circumstances involving several million pounds owed to it by its receipts-handling company. Flyglobespan's advice notice to customers, posted on its website at the time of its collapse, can be used as a typical and now all too familiar example for the 13 or so travel firms that have gone bust since:
Shares in British banks were down on the FTSE 100 in morning trading as investors continued to fret about the prospects of economic recovery.
Shares in WPP were down on the FTSE 100 in morning trading despite the company reporting a rise in pre-tax profit of 36 per cent in the first half of the year.
Robert Swannell a Citigroup banker, former vice-chairman in Europe, is to take over from Sir Stuart Rose as M&S' next Chairman from next year when Sir Stuart steps down.
Potash (Potassium Carbonate) and phosphate company PotashCorp is fending off a bid from BHP today driving stocks and shares on the FTSE higher after Marius Kloppers, the chief executive of the mining company said that he would take his bid for the fertiliser maker to its shareholders.
Shares in WPP were up on the FTSE 100 in afternoon trading ahead of the advertising firm's half year results, due out tomorrow.
Shares in British banks were up on the FTSE 100 in morning trading following reports that HSBC is considering buying a majority stake in South African company Nedbank.
Shares in Bovis Homes were up on the FTSE 250 in morning trading after the housebuilder reported a return to profit in the half year ended 30 June.
Dana Petroleum, the company in the midst of a hostile takeover from Korea National Oil Corp (KNOC) will release its interim results on Friday including a full disclosure on its plans to develop North Sea oil assets bought from Suncor recently that will see pressure placed on KNOC to up its bid.
Koreans are going hostile after Dana Petroleum, a British FTSE 250 company that has refused a bid for its oil and gas exploration in the North Sea and Africa.
Shares in Lloyds Banking Group were up on the FTSE 100 in morning trading after it said yesterday that it would be closing down Bank of Scotland (Ireland) Ltd and transferring its assets to Bank of Scotland PLC on 31 December.
Shares in Mitchells & Butlers were down on the FTSE 250 in morning trading after the company announced that it would be selling 333 of its non-core pubs to Stonegate Pub Company Limited for £373 million. Stonegate itself is controlled by TDR Capital LLP.
Shares in British banks were mixed in morning trading on the FTSE 100 after sharp drops caused by uncertainty about the state of the global recovery.
Newspaper distributor John Menzies has seen a trebling of profits recently after a good first half performance.Revenue for the six months to June 2010 was £924.0 million from £821.3 million and pre-tax profits was up to £20.6 million on aviation growth in its Cargo division.
Shares in Essar were up on the FTSE 100 in morning trading after the company reported a drop in it's a pre-tax profit in the half year period ended 30 June, despite a significant rise in revenue in the period.
Shares in British banks were mixed in morning trading on the FTSE 100 as investors continued to act cautiously in the face of an uncertain global economic recovery.
Shares in Eurasian Natural Resources were down on the FTSE 100 in morning trading after the miner reported a rise in pre-tax profit for the first half of 2010.
Unite the union has said that it will be recommending an improved pay offer from airport operator BAA, following talks yesterday which saw the threat of strike action withdrawn.
Shares in British banks were down on the FTSE 100 in morning trading, helping to drag the index down after a positive start caused by some merger activity in the mining sector sparked some optimism.
Shares in Michael Page International were down on the FTSE 250 in morning trading after the recruitment firm reported a surge in pre-tax profit for the half year ended 30 June.
Aviva - sponsors of the UK Athletics - has rejected a £5bn bid for its general insurance business after RSA - it's FTSE 100 rival bid for a slice of its sprawling 'composite' business.
Shares in Michael Page International were down on the FTSE 250 in afternoon trading ahead of the recruitment firm's half year results, due out on Monday morning.
Sir Philip Green is to lead a team of civil servants in a Government spending review as the 'enterprise tzar' - owner of Arcadia Group - will examine spending over the last five years.
The conciliation service Acas has said that talks between BAA and Unite union will be held as soon as possible in a bid to avert a strike action at BAA airports, such as those at Heathrow, Stanstead and Edinburgh.
Around 1,200 British holidaymakers have been left stranded in uncertainty, mostly in Spain, after travel company Sun4U announced that it had collapsed.
UK Retail sales for July and inflation data is set to go in differing directions next week as retail sales slow despite recent gains due to World Cup and inflation falls.
Shares in British banks were broadly up on the FTSE 100 in morning trading, following gains on the stock market yesterday afternoon.
