|Bid||0.00 x 0|
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|Day's range||28.40 - 29.00|
|52-week range||28.40 - 29.00|
|PE ratio (TTM)||N/A|
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Premier Oil (LSE: PMO.L - news) is seeking buyers for a 25 percent stake in the Tuna field development in Indonesia after reaching a gas sale deal with Vietnam, Chief (Taiwan OTC: 3345.TWO - news) Executive Tony Durrant said on Thursday. Premier and SKK Migas signed on Nov. 10 an agreement to sell gas to Vietnam from the Tuna development, Premier said in a trading update. The offtake agreement "represents a significant step forward in the potential development of the field envisaging using a new cross-border pipeline to connect the Tuna area to the existing Nam Con Son Pipeline system in Vietnam," Premier said.
Premier Oil (LSE: PMO.L - news) expects its $2.8 billion debt pile to start falling, with its flagship Catcher oilfield in the North Sea set to begin production on time in December, it said on Thursday. The company also cut its 2017 capital expenditure plan for the third time, and said debt reduction would accelerate through 2018 as its investment commitments fall. The start-up of Catcher is key to increasing Premier (BSE: 500540.BO - news) 's revenue to pay down net debt, which rose to $2.8 billion at the end of September from $2.7 billion at the end of June.
Premier Oil cut its full-year capital expenditure for a third time this year, after reporting an 11 percent rise in production so far in 2017. The company cut its development, exploration and abandonment ...
Mr Kipling and Bisto maker Premier Foods (Frankfurt: A1JWNB - news) has narrowed half-year losses as it grapples with the impact of a weak pound pushing up import costs - partly through increasing prices. Its interim results come a day after official figures show a surge in food inflation to 5.7% last month. Premier said this process had taken longer than expected and affected results in the first quarter, but that margins had later returned to "more normal" levels as it concluded.
The competition regulator has provisionally cleared Tesco (Frankfurt: 852647 - news) 's £3.7bn deal to buy wholesaler Booker. The Competition and Markets Authority (CMA) said its in-depth investigation into the proposed tie-up, first announced in January, had raised no competition concerns - with shares in both firms surging on the news. Tesco is the UK's largest grocery retailer by some margin, while Booker is the largest wholesaler - supplying many of Tesco's competitors.
** Premier Oil shares up 2.4 percent at 0725 GMT after company announces start-up of Catcher oilfield in North Sea on schedule for year-end ** Premier Oil says BW Catcher Floating Production Storage and ...
While President Xi Jinping has cast himself as a champion of globalisation as the United States retreats behind President Donald Trump's 'America First' policy, foreign firms complain his words have not ...
Premier Oil (LSE: PMO.L - news) is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters, as it tries to pay down a heavy debt pile it accrued during the oil market downturn. Premier holds a 47 percent stake in the Babbage field which it also operates and is seeking to sell a 23.5 percent non-operating interest, according to Premier's sale prospectus, which invites indicative offers by end-September.
British supermarket group Tesco (Frankfurt: 852647 - news) and wholesaler Booker have rejected suggestions their planned 3.7 billion pound ($4.8 billion) tie-up will hurt suppliers, saying they should benefit from growth and lower costs as a result of the deal. Tesco, Britain's biggest retailer, agreed a buy food supplier Booker in January to tap into the fast growing catering sector. "We believe that suppliers will support the proposed merger – and the opportunities it brings for them, in terms of growth and additional revenue and/or in terms of efficiency and reduced cost," Tesco Chief Executive Dave Lewis and Booker counterpart Charles Wilson said in a joint letter to the CMA's merger inquiry group.
Britain's Premier Oil (LSE: PMO.L - news) on Thursday lifted its full-year production guidance as well as estimated resources at a huge oilfield it discovered off the coast of Mexico. Premier Oil, the operations of which stretch from Indonesia to the Falkland Islands, now expects 2017 production in the range of 75,000-80,000 barrels of oil equivalent per day (boepd), up from the previous forecast of 75,000 boepd, thanks to its strongly performing North Sea fields. The oil producer, turning a corner after concluding a refinancing deal to survive the oil market downturn, also upgraded its oil-in-place estimates at the Mexican Zama field to 1.2-1.8 billion barrels, compared with a less specific previous forecast of more than 1 billion barrels.
Premier Foods Plc, owner of Mr Kipling cakes, Bisto gravy and other British brands, reported a drop in first-quarter sales on Thursday, due to lower sales volumes in the grocery category, an outcome it ...
Premier Oil (LSE: PMO.L - news) 's shares rocketed as much as 38 percent on Wednesday on news it discovered potentially more than 1 billion barrels of oil off the coast of Mexico, a major victory for Latin America's No. 2 economy since the historic opening of its energy sector. Premier (BSE: 500540.BO - news) , which holds a 25 percent interest in the block alongside Talos Energy and Sierra Oil and Gas, said estimates for the Zama-1 well were in excess of 1 billion barrels, which could extend into a neighbouring block. The news of the discovery, in the first shallow-water offshore exploration well drilled by the private sector in Mexico since the country's 2014 energy sector opening, sent Premier's shares rocketing as much as 38 percent on the London Stock Exchange and helped the peso strengthen 0.70 percent to 17.785 per dollar.
Britain's competition regulator has referred supermarket Tesco's proposed 3.7 billion pound ($4.75 billion) takeover of wholesaler Booker for a detailed investigation, granting a request from the companies to "fast track" the process. Tesco, Britain's biggest retailer, and Booker announced the cash and shares deal in January and the Competition and Markets Authority (CMA) formally started a phase 1 review in May.
Britain's competition watchdog is launching a full-scale probe into Tesco (Frankfurt: 852647 - news) 's £3.7bn takeover of wholesaler Booker on concerns it could leave some customers worse off. The Competition and Markets Authority (CMA) concerns centre on more than 350 local areas where there is an overlap with Booker-supplied franchises such as Premier (BSE: 500540.BO - news) , Londis, Budgens and Family Shopper. Tesco operates more than 3,000 shops across the UK while wholesaler Booker supplies its services to more than 5,000 so-called "symbol" stores under well-known brand names.
Premier Oil Plc said it had discovered oil off the coast of Mexico at its Zama-1 exploration well in Block 7. Premier, which holds a 25 percent interest in the block, said estimates for the Zama-1 well ...
Britain's Premier Foods said on Tuesday a member of the board of directors representing activist investor Oasis Management had stepped down from the firm's remuneration committee. The maker of Mr Kipling ...
Egyptian winger Mohamed Salah has completed his move to Liverpool from AS Roma (LSE: 105481.L - news) , the Premier (BSE: 500540.BO - news) league club said on Thursday. British media reported that Liverpool paid 34 million euros ($38 million) to sign Salah, who is returning to the Premier League two and a half years after leaving Chelsea following an unproductive 12-month spell in which he scored two goals and started six Premier League games. The 25-year-old flourished in Serie A, rediscovering the form that marked him out as one of Europe's emerging talents at Basel and persuading Chelsea to pay 11 million pounds ($14 million) for him in 2014.
Booker, the British wholesaler that has agreed to a 3.7 billion pound ($4.8 billion) takeover by Tesco (Frankfurt: 852647 - news) , on Thursday reported a 15 percent rise in annual profit, reflecting progress across the catering and retail supply sides of the business. The group supplies the Budgens, Londis, Happy Shopper and Premier (BSE: 500540.BO - news) convenience chains, catering firms such as Wagamama and Carluccio's, and also operates cash and carry business Makro. It said it made a pretax profit of 174 million pounds in the year to March 24.
North Sea focused Premier Oil expects to slash its $2.8 billion debt pile significantly in 2018 by exceeding its 2017 production target and lowering spending, it said on Monday. The oil and natural gas ...
Whitbread (Frankfurt: WHF4.F - news) , the company behind Costa coffee and Premier Inn, has endured a 7% fall in its share price after warning of a "tougher consumer environment". Whitbread reported like-for-like sales growth across its brands, with Costa sales rising 2%. Premier Inn revenue grew 2.3% by the same measure.
Booker, the British wholesaler that in January agreed to be taken over by Tesco (Swiss: TSCO.SW - news) for 3.7 billion pounds ($4.60 billion), said on Thursday sales growth had eased in its fourth quarter, with tobacco sales dented by a display ban and plain packaging restrictions. The firm, which supplies the Budgens, Londis, Happy Shopper and Premier (BSE: 500540.BO - news) convenience chains and also operates cash and carry business Makro, said group sales rose 0.5 percent in the 12 weeks to March 24, while like-for-like sales were up 0.7 percent. Booker also faced tougher year-on-year comparative numbers in the fourth quarter, while Easter also falls later this year.
Tesco (Frankfurt: 852647 - news) boss Dave Lewis says the supermarket remains "completely committed" to its £3.7bn takeover of wholesaler Booker, after two big shareholders opposed the deal. Schroders (Frankfurt: 929969 - news) and Artisan Partners, who together hold 9% of the group, voiced concerns that Tesco was overpaying and that the deal could be a distraction from its turnaround plan. The deal, announced in January, will see Britain's biggest supermarket take over the largest wholesaler, Booker - which also owns the Premier (BSE: 500540.BO - news) , Londis and Budgens franchises operated by thousands of convenience stores.
Two of Tesco (Frankfurt: 852647 - news) 's biggest shareholders have called on the supermarket to scrap its planned £3.7bn takeover of wholesaler Booker. Schroders Investment Management and Artisan Partners are the retailer's third and fourth largest investors, each with stakes of around 4.5%. Tesco, Britain's biggest supermarket, said it had been listening closely to its shareholders.