Chemicals Sector News

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  • The United States and Europe lifted sanctions in January under a deal with Tehran to limit its nuclear programme, but U.S. sanctions unrelated to the nuclear issue remain, banning dollar transactions with Iran and making it harder for companies to access finance for business in the Islamic Republic. Jarrett Blanc, the …

  • Royston Wild explains why Avon Rubber plc (LON: AVON), Trifast plc (LON: TRI), Carclo plc (LON: CAR) and Hill & Smith Holdings plc (LON: HILS) are white-hot investment destinations.

  • Director dealings: Tesco chairman shows support Sharecast - Tue, May 3, 2016 18:01 BST

    (ShareCast News) - Tesco chairman John Allan dipped into the market to show his confidence in the turnaround as shown in the grocer's final results, although with the shares on the slide he would have ...

  • Airbus spared 1 bln euro tax bill in Safran space tie-up Reuters - UK Focus - Tue, May 3, 2016 16:28 BST

    Airbus Group (Swiss: AIR.SW - news) has been spared a 1 billion euro ($1.15 billion) tax bill thanks to a deal with the French government over the company's plans to set up a new space launcher venture, a person familiar with the discussions said. The company was facing the hefty tax charge over plans to combine space …

  • German shares help European equities edge ahead; Italy banks drop Reuters - UK Focus - Mon, May 2, 2016 17:09 BST

    European shares edged up on Monday after sharp declines in the previous session, with German shares outperforming the broader market after a positive manufacturing survey. However, Italian banks fell after ...

  • Airbus, Safran finalise space launcher deal Reuters - UK Focus - Mon, May 2, 2016 15:40 BST

    Airbus Group (Swiss: AIR.SW - news) and fellow France-based company Safran (LSE: 0IU8.L - news) said on Monday they had signed an agreement for the second phase of a merger of their space launcher activities. Under the deal, engine maker Safran will, as expected, pay 800 million euros ($920 million) to Airbus Group …

  • U.S. FAA approves longer diversion time for Airbus A350 Reuters - UK Focus - Mon, May 2, 2016 13:53 BST

    U.S. regulators have agreed to let the Airbus A350 fly further on one engine in the event of a breakdown, freeing the new European jet to fly more direct routes over oceans and other deserted places, its ...

  • European equities led higher by German shares, Italy banks lower Reuters - UK Focus - Mon, May 2, 2016 13:46 BST

    Trading volumes were thin as the UK market and other bourses in Europe were closed for a public holiday. The euro zone's blue-chip Euro STOXX 50 index was up 0.4 percent by 1239 GMT. Germany's DAX rose 0.9 percent after data showed factory activity in Europe's biggest economy rose to a three-month high in April, buoyed …

  • Airbus, Safran sign new deal on space launcher venture Reuters - UK Focus - Mon, May 2, 2016 13:11 BST

    Airbus Group and Safran said on Monday that they had signed an agreement for the second phase of a merger of their space launcher activities. The long-awaited agreement will close in the second quarter, ...

  • German shares lead Europe higher after factory data Reuters - UK Focus - Mon, May 2, 2016 09:56 BST

    European equities bounced back on Monday after sharp declines in the previous session, with German shares outperforming the broader market after a positive manufacturing survey report. However, trading ...

  • Oil rig helicopter crashes off Norway coast, 13 presumed dead Reuters - UK Focus - Sat, Apr 30, 2016 00:49 BST

    A helicopter ferrying passengers from a Norwegian oil platform crashed in the North Sea on Friday, apparently killing all 13 people on board, rescue officials said. The 11 passengers and two crew on the flight from the Gullfaks B oil platform, operated by Norway's Statoil, were all Norwegian except for one British and …

  • UK regulator suspends flights of Super Puma model that crashed in Norway Reuters - UK Focus - Fri, Apr 29, 2016 18:36 BST

    The British civil aviation authority said it was suspending flights of Airbus Super Puma helicopters of the same type that crashed off the west coast of Norway on Friday. "Following the accident, ...

  • Crashed helicopter had maintenance delayed twice in 2015-report Reuters - UK Focus - Fri, Apr 29, 2016 17:34 BST

    An Airbus Super Puma helicopter that crashed off the Norwegian coast on Friday, killing at least 11 of the 13 people on board, had maintenance servicing delayed twice last year, an official at the Norwegian Civil Aviation Authority told Norwegian daily VG. "I can confirm that this specific helicopter had seen its maintenance …

  • Output at N.Sea Gullfaks B platform shut after helicopter crash-Statoil Reuters - UK Focus - Fri, Apr 29, 2016 17:16 BST

    Production at the Statoil-operated Gullfaks B platform in the North Sea is shut for an undetermined period following a helicopter crash in which 13 platform staff are presumed dead, a senior company official ...

  • All 13 people preseumed dead in Norway helicopter crash-reports Reuters - UK Focus - Fri, Apr 29, 2016 16:04 BST

    All 13 people onboard a helicopter that crashed off the west coast Norway on Friday are presumed dead, local police told Norwegian dailies Aftenposten and VG. "All those on board are presumed dead," ...

  • 11 people found dead in Norway helicopter crash Reuters - UK Focus - Fri, Apr 29, 2016 14:30 BST

    Emergency services have found 11 bodies after a helicopter crashed off the west coast off Norway on Friday, a rescue official told broadcaster NRK. A search for the remaining two passengers was ongoing, a spokesman from the Rescue Coordination Centre for Southern Norway told NRK, adding that among the 13 passengers were …

  • Designated Bayer CEO pledges no fundamental change of strategy Reuters - UK Focus - Fri, Apr 29, 2016 13:22 BST

    Designated Bayer Chief Executive Werner Baumann said he plans no "fundamental change of strategy" when he takes the pharmaceutical and chemical company's helm from May 1. Baumann told shareholders ...

  • China Eastern Airlines orders 20 Airbus A350 aircraft Reuters - UK Focus - Fri, Apr 29, 2016 10:10 BST

    China Eastern Airlines has ordered 20 A350-900 planes from Airbus worth $6.1 billion at list prices, taking total firm orders for the widebody jetliner to 803, the European planemaker said in a statement ...

  • London close: FTSE ends lower as US economic growth slows Sharecast - Thu, Apr 28, 2016 17:55 BST

    (ShareCast News) - The FTSE 100 ended lower on Thursday as US economic growth slowed in the first quarter and as investors continued to weigh central bank policy decisions in the US and Japan.

  • Airbus tackles A400M woes at start of "challenging year" Reuters - UK Focus - Thu, Apr 28, 2016 17:47 BST

    Airbus Group (Swiss: AIR.SW - news) prepared investors for a charge on its troubled A400M military aircraft programme and reported a heavy cash impact from delays in civil jet deliveries, sending its shares lower despite a pledge to meet full-year targets. Europe's largest aerospace company gained a 3.5 billion euro …

  • FTSE 250 movers: Tullow and Weir limit losses Sharecast - Thu, Apr 28, 2016 16:52 BST

    (ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day.

  • EU mergers and takeovers (April 28) Reuters - UK Focus - Thu, Apr 28, 2016 14:17 BST

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- British drugmaker Shire to acquire U.S. peer Baxalta -- Denmark ...

  • GLOBAL MARKETS-Japanese stimulus inaction sends yen soaring Reuters - UK Focus - Thu, Apr 28, 2016 13:28 BST

    A lack of fresh stimulus from the Bank of Japan sent the yen soaring and world stocks into the red on Thursday, half a day after the U.S (Other OTC: UBGXF - news) . Federal Reserve signalled it too was hitting the policy pause button. The yen surged almost 3 percent against the dollar, the euro and sterling in a sharp …

  • F35 fighter jets recommended to Danish government by expert group - radio Reuters - UK Focus - Thu, Apr 28, 2016 12:35 BST

    Denmark should buy 28 of Lockheed Martin (Swiss: LMT.SW - news) 's F35 Lightning fighter jets to replace its present F16 jets, an expert group formed by the Danish Ministry of Defence has recommended to the government, according to local radio. The group found that the Lightning was better than Eurofighter's Typhoon and …

  • Roland Head asks whether bumper yields at Aberdeen Asset Management plc (LON:ADN), Victrex plc (LON:VCT) and Redde plc (LON:REDD) are a buy signal for investors.

  • London open: Stocks fall after FOMC and BoJ policy decisions Sharecast - Thu, Apr 28, 2016 10:17 BST

    (ShareCast News) - London stocks dropped on Thursday after the Federal Reserve left the door open to an interest rate hike in June and the Bank of Japan decided against fresh stimulus.

  • Airbus Group says A350 delivery target unchanged Reuters - UK Focus - Thu, Apr 28, 2016 07:39 BST

    Airbus is maintaining its target for more than 50 A350 deliveries in 2016 despite a slow start to the year due to problems in the supply chain, Finance Director Harald Wilhelm said on Thursday. For 2016, he said deliveries would be similar to the 27 recorded in 2015. Wilhelm said Airbus had carried out some sales financing …

  • Airbus Group Q1 core earnings fall 23 pct Reuters - UK Focus - Thu, Apr 28, 2016 06:11 BST

    Airbus Group on Thursday posted slightly higher-than-expected core profit and reaffirmed targets for the year, while warning of serious challenges for its A400M military plane and reporting a heavy drain ...

  • (ShareCast News) - UK stocks were in the red on Thursday as investors continued to weigh policy decisions from the Federal Reserve and the Bank of Japan.

  • Medical manufacturer settles charges it illegally kept high market share Reuters - UK Focus - Wed, Apr 27, 2016 19:07 BST

    Invibio, a division of Victrex PLC that makes a key polymer used in spinal and other medical implants, agreed to settle allegations that it demanded exclusive contracts to illegally maintain its high market ...

  • Qatar Airways urges Airbus to resolve A350 'issues' Reuters - UK Focus - Wed, Apr 27, 2016 18:22 BST

    Qatar Airways increased pressure on Europe's Airbus over aircraft reliability on Wednesday, saying it had some "issues" with the A350 passenger jet, barely a year after it entered service. "We have some issues with the A350, which was expected because it's a new programme. When asked what issues Qatar Airways had with …

  • Thursday preview: Lloyds reports first quarter interims Sharecast - Wed, Apr 27, 2016 16:30 BST

    (ShareCast News) - Lloyds Banking Group will be in focus on Thursday as it reports its first quarter interims following results from fellow lenders Barclays and Standard Chartered this week.

  • Elementis Q1 sales hit by currencies, lower oilfield sales Sharecast - Wed, Apr 27, 2016 10:51 BST

    (ShareCast News) - Speciality chemicals outfit Elementis said it was "proactively" managing its margins and cost base to make sure full year results stay in line with management expectations ...

  • Qatar Airways says putting pressure on Airbus over A350 issues Reuters - UK Focus - Wed, Apr 27, 2016 10:45 BST

    Gulf carrier Qatar Airways said it has seen some issues with the A350 and that it was putting pressure on planemaker Airbus to resolve the problems. "We have some issues with the A350, which was expected because it's a new programme. When asked what issues Qatar Airways had with the A350, Al Baker declined to comment, …

  • Gloves come off in fight to win Denmark's combat jet order Reuters - UK Focus - Tue, Apr 26, 2016 18:06 BST

    The result of the Danish government's lengthy deliberations is expected to make waves around the global defence market, as several other nations also have to decide whether to replace their aged warplanes with Lockheed Martin Corp's brand new F-35 Lightnings or play safe with cheaper, older-generation planes such as Boeing's …

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