Hurricane Energy has revealed its Lancaster field is set to outperform “conservative” estimates February 7, 2017 Hurricane Energy's said its 300m barrel estimate from its Lancaster field is now thought to be too conservative. The oil company said it expects a "material uplift" in anticipated reserves ahead of a competent persons report (CPR) which will quantify the resources at the end of the first quarter. Shares increased more than three per cent at the [...]
The big winners of the housing white paper: Housebuilders’ and estate agents’ shares are climbing February 7, 2017 If you work in residential property, today is a good day – share prices went up across the board after the government published its long-awaited housing whitepaper. On the FTSE 100, Persimmon was the big winner, with shares rising 2.3 per cent to 1,983p in mid-afternoon trading. That was followed by Barratt, which rose 1.7 per [...]
Tata Steel has returned to profit in its fourth quarter results February 7, 2017 India's Tata Steel reported its first profit in five quarters, beating analyst expectations for its fourth quarter. The figures The steel giant said it had a consolidated net profit of 2.32bn rupees (£27.8m) for the three months to 31 December compared with a loss of 27.48bn rupees the previous year. Analysts were estimating 1.74bn rupees [...]
Parliament offered “deal or no deal” Brexit vote before terms are considered by the European Parliament February 7, 2017 Parliament will be able to vote "deal or no deal" on the final terms of the Brexit negotiation before it is presented to members of the European Parliament, the government has conceded. MPs had been pushing for a "meaningful" ballot on the deal ever since Prime Minister Theresa May announced a vote will take place [...]
Aslef says there are “serious misunderstandings” about its deal with Southern rail February 7, 2017 Aslef has said there are "serious misunderstandings" around the deal it has agreed with Southern rail to resolve the long-running row over changes to guards' roles. Details of the deal were given to drivers over the weekend and the agreement has been described as a "shocking betrayal" by the Rail, Maritime and Transport (RMT) union. The deal [...]
“Really, is that it?” – reactions to the government’s housing white paper February 7, 2017 In the year that the US President signed an executive order to build a wall, UK politicians got together to write a housing paper that was lacking in concrete ideas. There were some general indicators of where the government is going on housing, however. Here's how the property industry reacted: On the lack of content [...]
Speedy Hire on the mend: Tool rental company making “concrete progress” February 7, 2017 Tool rental company Speedy Hire demonstrated some “concrete progress” in a trading update today. The company’s shares lifted by more than six per cent when the market opened, before drifting slightly later in the day. But the update, which reported a like-for-like revenue lift of 10.6 per cent in its third quarter, to 31 December, [...]
Ramped up political and financial risks sends gold investing demand surging to its best January in five years February 7, 2017 Last month, gold investing demand had its strongest January since 2012 as financial and political risks "become reality". Gold investing demand, net of client selling, totaled 0.4 tonnes last month, data from precious metals platform BullionVault showed. This was the metal's best January in five years. Last year's full-year gold demand was also its strongest since 2012, [...]
Berenberg reports highest earnings in its 427-year history, as the bank cements its place on the investment scene February 7, 2017 Berenberg began today on a high, announcing its highest annual earnings to date in its 427-year history. The figures The world's second-oldest bank reported net profits had risen to €161m (£139m), up 56 per cent compared with €104m the year before and marking the second year in a row its bottom line has set a new record. Meanwhile, gross income grew [...]