Basic Resources Sector News

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  • Banking stocks such as Barclays and RBS topped the risers as share prices rebounded after a weak outing last week following some poorly-received annual results. 2014 figures from Barclays, the last UK ...

  • The word oil is pictured on an oil bank at a recycling yard in London

    Brent crude oil fell more than 2 percent to around $61 (39 pounds)a barrel on Monday after Iran said a deal on its nuclear programme could be agreed this week if the West lifts sanctions, which could boost the country's oil exports. International benchmark Brent was also depressed by a stronger dollar and reports of a …

  • Oil falls to $61 on dollar, Iran, supply concerns Reuters - 2 hours 15 minutes ago
    An oil well is seen near Denver

    Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear program could be agreed this week if the West lifts sanctions, which could boost the country's oil exports. Oil prices were also depressed by a stronger dollar and reports of a rise in Libyan crude output, traders …

  • ** Tullow Oil easily top FTSE 100 faller, down 7.3 pct & poised for biggest one-day drop since late Nov ** Worries that an ongoing maritime dispute between Ghana and Cote d'Ivoire could result in suspension ...

  • Keller Group has reported a decline in pretax profit for 2014 after experiencing a contract dispute. At the same time, adjusted pretax profit and revenue each recorded a rise despite the strengthening ...

  • Britain's top equity index climbed on Monday to set a new record high, breaking through last month's peak, as a rise in mining stocks and Intertek lifted the market. The blue-chip FTSE 100 equity index ...

  • Keller Group Plc (LSE: KLR.L - news) , a British ground engineering contractor, posted a 15 percent rise in full-year pretax profit, helped by a recovery in the U.S. construction industry. Keller, which laid the foundation for London's Olympic stadium, said recovery in the United States, its largest market, as well as …

  • UK stocks were expected to open broadly flat on Monday ahead of a raft of economic data, with investors continuing to act cautiously with markets near all-time highs.

  • Keller Group Plc, a British ground engineering contractor, posted a 15 percent rise in full-year pretax profit, helped by a gradual recovery in the United States, its largest market by revenue. The company, ...

  • Pump Jacks are seen at sunrise near Bakersfield

    Oil stayed in the red on Monday on supply concerns despite partly recovering from earlier losses after a private business survey showed an improvement in China's manufacturing sector in February. "The key drivers over the next few months are going to come from supply dynamics more than demand dynamics," said Ric Spooner, …

  • Australian shares rose to a fresh seven-year high on Monday as a Chinese rate cut pushed up resources stocks while growing expectations of a domestic rate cut prompted investors to buy banks. On Saturday, ...

  • After a bright start, UK stocks dropped into the red by Monday lunchtime as investors assessed a raft of economic data and took profits after markets reached new record highs.

  • Australian nickel explorer Sirius Resources will supply BHP Billiton's Nickel West division in Australia with much-needed nickel-in-concentrate under a three-year supply agreement, Sirius said on Monday. ...

  • MELBOURNE/LONDON, Feb 27 (Reuters) - In its latest effort to slash costs as commodity prices fall, Rio Tinto (Xetra: 855018 - news) is letting go its energy chief and rolling its coal and uranium businesses into two other units, a move that could signal its intention to divest its coal assets. The world's second-largest …

  • A shift in policy towards cleaner energy has seen a dramatic slowdown in china's demand for coal

  • Iraq minister sees oil at $64 to $65 per barrel Reuters - Sun, Mar 1, 2015 15:41 GMT
    Iraq's Oil Minister Mehdi speaks with Kirkuk Governor Karim on the outskirts of Kirkuk

    Iraq's Oil Minister Adel Abdel Mehdi said on Sunday world oil prices were gradually rebounding and he expected to see a barrel of crude selling at around $65. I can see that oil will be sold at $64 to $65 a barrel," he told a news conference in Baghdad. OPEC producer Iraq has been hit by the slump, with revenues falling …

  • NY regulator puts 3 European banks in FX probe AFP - Sat, Feb 28, 2015 00:05 GMT
    NY regulator puts 3 European banks in FX probe

    Sources, speaking on condition of anonymity, said NY state financial regulator Benjamin Lawsky has sought information about currency practices from French banks BNP Paribas and Societe Generale

  • Oil up sharply, posts first monthly gain since June Reuters - Fri, Feb 27, 2015 22:11 GMT
    Pump Jacks are seen at sunrise near Bakersfield

    By Robert Gibbons NEW YORK (Reuters) - Crude oil rose sharply on Friday as Brent and U.S. futures posted their first monthly gains since June, supported by an improving demand outlook and supply outages. ...

  • High-grade market wraps up record February Reuters - UK Focus - Fri, Feb 27, 2015 20:56 GMT

    By Mike Gambale NEW YORK, Feb 27 - US syndicate desks sold nearly US$40bn in new debt this week, clearing the pipeline for an anticipated US$22bn jumbo deal on Monday from Actavis - the second-largest ...

  • UPDATE 2-Actavis hormonal contraceptive device wins FDA approval Reuters - UK Focus - Fri, Feb 27, 2015 18:52 GMT

    The U.S. Food and Drug Administration approved a hormonal contraceptive device on Friday that gives American women another reversible contraceptive choice as effective as sterilization. The intrauterine device (IUD) device, Liletta, releases the hormone levonorgestrel to inhibit thickening of the womb lining, preventing …

  • Despite setting a new intraday record just before the close, the FTSE 100 finished just a few points lower on Friday as investors took profits after a batch of mixed economic data from the States.

  • European stocks gained after Germany approved Greece's bailout extension and after a report showed German inflation rose expectedly in February.

  • Premier African Minerals hires mining funding veteran Sharecast - Fri, Feb 27, 2015 17:07 GMT

    The hiring of mining veteran Michael Foster by AIM-listed Premier African Minerals has been hailed by analysts at Shore Capital.

  • Petrofac's financial officer increased his stake in the group two days after releasing a good set of full-year results.

  • Royston Wild explains why investing in Anglo American plc (LON: AAL), J Sainsbury plc (LON: SBRY) and Sky PLC (LON: SKY) could come back to haunt income chasers.

  • UK's FTSE hits new record high as StanChart rises Reuters - UK Focus - Fri, Feb 27, 2015 15:21 GMT

    Britain's top equity index hit a record high on Friday, helped by gains in Asian-focused bank Standard Chartered and International Consolidated Airlines Group. The blue-chip FTSE 100 index was up by 0.2 ...

  • Confident Airbus juggles jet output and pays record dividend Reuters - UK Focus - Fri, Feb 27, 2015 13:12 GMT

    Airbus Group (Swiss: AIR.SW - news) defied warnings of a slowdown in the jetliner market with a steep production boost for its top-selling A320 and announced its biggest ever dividend. For 2015 it forecast higher revenue and a slight increase in core profit.

  • Falls at Intu and RBS nudge UK's FTSE off record peaks Reuters - UK Focus - Fri, Feb 27, 2015 11:39 GMT

    A drop in the share prices of Intu Properties and Royal Bank of Scotland nudged Britain's top equity index down from record highs on Friday. The blue-chip FTSE 100 index - which hit a record intraday peak ...

  • Connect Group PLC (LON: CNCT), Admiral Group plc (LON: ADM), Tate & Lyle PLC (LON: TATE), BHP Billiton plc (LON: BLT) and Hiscox Ltd (LON: HSX) and some of the best dividend stocks around.

  • Airbus CEO says making good progress in A400M customer talks Reuters - UK Focus - Fri, Feb 27, 2015 09:49 GMT

    Airbus Group (Swiss: AIR.SW - news) is making good progress in talks with customers over a new delivery schedule for its A400M military transporter, its chief executive told Reuters on Friday. "There has been good progress on giving customers more visibility on the delivery and status of the military transporter," Tom …

  • Airbus says will cut A330 production rate further if needed Reuters - UK Focus - Fri, Feb 27, 2015 09:42 GMT

    Airbus Group Chief Executive Tom Enders said that if the company has to cut the production rate of its A330 wide-body jet further to lower than six per month, it will do so. "We have quite a few campaigns ongoing, including some that are essential for filling slots in 2016," he told journalists on Friday.

  • Airbus says studying A320 production ramp-up beyond 50/month Reuters - UK Focus - Fri, Feb 27, 2015 09:34 GMT

    Airbus Group (Swiss: AIR.SW - news) is studying whether to increase its production rate for the A320 family single-aisle jet to beyond 50 per month, contemplating rates of 60 or more, its chief executive said on Friday. "The demand is clearly there to move the rates to 60-plus," Tom Enders told journalists. Airbus announced …

  • IAG, Lloyds help FTSE 100 cling on to record peak Reuters - UK Focus - Fri, Feb 27, 2015 09:05 GMT

    Strong results from British Airways-owner International Airlines Group and Lloyds Banking Group helped Britain's top share index cling on to record highs on Friday. Shares (Frankfurt: DI6.F - news) in IAG surged 4.6 percent to the top of the FTSE 100 and set an all-time high after the group upgraded its 2015 profit forecast …

  • BUZZ-Airbus hits year-high on results beat Reuters - UK Focus - Fri, Feb 27, 2015 08:41 GMT

    ** Airbus rises 6.3 pct to a year-high after co reports sales and profit beats for FY 2014 ** EPS 3.36 euros v 2.97 estimate, according to Thomson Reuters data ** Ramps up production of A320 jet, cuts ...

  • Airbus says will do utmost to prevent new A400M charges Reuters - UK Focus - Fri, Feb 27, 2015 07:55 GMT

    Airbus Group (Swiss: AIR.SW - news) will do everything it can to ensure a new 551 million euro ($618 million) charge for delays on its A400M military airlifter is the last, its strategy chief said on Friday. "We are going to do everything necessary so that this means the matter is settled once and for all," Marwan Lahoud …

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