Falkland Oil and Gas reveals gas discovery at Loligo well September 18, 2012 OIL and gas exploration company Falkland Oil and Gas (FOGL) yesterday announced it had found gas at its Loligo exploration well in the Falkland Islands. The junior stock market-listed firm said yesterday it could not be sure if the gas was commercially viable, as it was unable to determine whether the gas had any liquid [...]
Analyst Views | What are your thoughts on Falkland Oil and Gas’s discovery? September 18, 2012 MIKE VAN DULKEN | ACCENDO MARKETS The Falklands region remains politically sensitive. While the well results show potential, gas is not what explorers in the area want to find. But the Scotia drilling could provide another share price rally. MALCOLM GRAHAM-WOOD | VSA CAPITAL The results don’t look that good as FOGL has no pressure [...]
China hits back at US complaint over trade laws September 17, 2012 CHINA filed a trade complaint yesterday to challenge a new US law allowing duties on subsidised goods from China. The move is seen as a tit-for-tat exchange with the US after Washington said it would launch a complaint against Beijing’s support for car exports. The two cases could shift the focus to President Barack Obama’s [...]
City Views | Have you seen any signs of green shoots in the UK economy? September 17, 2012 COLIN HALL | OUR IT DEPARTMENT LIMITED Things have got slightly better, and business has improved slightly over the last six to eight weeks, but it’s too early to say if there are any signs of green shoots. The construction figures are pretty worrying but it’s still early days in terms of the recovery. IAN [...]
Dollar slips on New York data September 17, 2012 THE DOLLAR slipped further against the yen yesterday after a measure of manufacturing activity in New York State came in much lower than expected. The Empire State manufacturing index fell to minus 10.41 in September from minus 5.85 last month. Economists had expected an improvement to minus two, according to a Reuters poll. The dollar [...]
Women losing out on UK jobs September 17, 2012 WOMEN are losing out on jobs being created in Britain, the Trades Union Congress (TUC) claimed today, as they move from full-time employment to part-time jobs and self-employment. Since the recession 170,000 fewer women are working as full-time employees, while 200,000 more describe themselves as self-employed. But the TUC says that selfemployment often pays very [...]
Groupon’s woes go on as growth drop predicted September 17, 2012 ONLINE daily deals websites are seeing growth bottom out as businesses lose interest in offering heavy discounts on websites such as Groupon, data revealed yesterday. Research from American marketing firm BIA/Kelsey showed that growth in consumer spending on daily discount deals in the US will drop from 87 per cent this year to 23 per [...]
BT hires new chief executive of struggling global services arm September 17, 2012 BT’S troubled global services division has appointed a fourth chief executive in as many years after current head Jeff Kelly, who returned the department to a degree of stability, chose to leave. Kelly will be replaced by BT veteran Luis Alvarez at the start of next month, the company said yesterday. Alvarez has been with [...]
Vodafone shares dip on fears of Indian government tax charge September 17, 2012 SHARES in Vodafone were hit yesterday on renewed speculation that the group will have to set aside $2.2bn (£1.4bn) to cover a tax bill in India over the telecoms firm’s 2007 purchase of China’s Hutchison Whampoa. Vodafone is considering making a provision for the charge in its next round of company accounts in November, chief [...]
Desire Petroleum slashes losses September 17, 2012 ■ North Falkland basin-focused Desire Petroleum yesterday slashed full-year losses from $39.3m (£24m) to $2m, largely due to a decrease in exploration and evaluation expenses. Desire said that last year’s loss was mainly due to unsuccessful well costs and seismic expenditure during the year. It added that it was looking for a farm-in partner for [...]
