CNE.L - Cairn Energy PLC

LSE - LSE Delayed price. Currency in GBp
264.20
+2.80 (+1.07%)
At close: 4:35PM BST
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Previous close261.40
Open262.40
Bid0.00 x 12300
Ask450.00 x 20000
Day's range258.80 - 264.80
52-week range164.28 - 267.00
Volume1,567,614
Avg. volume2,113,384
Market cap1.53B
Beta0.93
PE ratio (TTM)5.94
EPS (TTM)44.50
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date2012-02-06
1y target est3.45
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  • Reuters24 days ago

    Ex-HSBC executive sentenced to two years for foreign exchange scheme

    A former HSBC Holdings Plc (HSBA.L) executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc (CNE.L) in a $3.5 billion currency trade in 2011. Mark Johnson, formerly head of HSBC's global foreign exchange cash trading desk, was sentenced by U.S. District judge Nicholas Garaufis in Brooklyn, according to John Marzulli, a spokesman for U.S. Attorney Richard Donoghue. According to court filings, Cairn hired HSBC in 2011 to convert $3.5 billion into British pounds sterling in connection with the sale of an Indian subsidiary.

  • Ex-HSBC executive sentenced to two years for foreign exchange scheme
    Reuters24 days ago

    Ex-HSBC executive sentenced to two years for foreign exchange scheme

    A former HSBC Holdings Plc (HSBA.L) executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc (CNE.L) in a $3.5 billion currency trade in 2011. Mark Johnson, formerly head of HSBC's global foreign exchange cash trading desk, was sentenced by U.S. District judge Nicholas Garaufis in Brooklyn, according to John Marzulli, a spokesman for U.S. Attorney Richard Donoghue. According to court filings, Cairn hired HSBC in 2011 to convert $3.5 billion into British pounds sterling in connection with the sale of an Indian subsidiary.

  • Reuters - UK Focus24 days ago

    Ex-HSBC executive sentenced to two years for foreign exchange scheme

    A former HSBC Holdings Plc (Frankfurt: 923893 - news) executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011. Mark Johnson, formerly head of HSBC's global foreign exchange cash trading desk, was sentenced by U.S. District judge Nicholas Garaufis in Brooklyn, according to John Marzulli, a spokesman for U.S. Attorney Richard Donoghue. According to court filings, Cairn hired HSBC in 2011 to convert $3.5 billion into British pounds sterling in connection with the sale of an Indian subsidiary.

  • Ex-HSBC FX Trader Sentenced to 2 Years, Sent Directly to Prison
    Bloomberg24 days ago

    Ex-HSBC FX Trader Sentenced to 2 Years, Sent Directly to Prison

    Former HSBC Holdings Plc trader Mark Johnson, the first person to be convicted in a global crackdown on currency rigging, was sentenced to two years in prison and immediately taken into custody.

  • Bloomberg24 days ago

    Ex-HSBC Currency Trader Is Sentenced to Two Years in Prison

    Former HSBC Holdings Plc currency trader Mark Johnson, the first person to be convicted in a global crackdown of currency rigging, was sentenced to two years in a U.S. prison as a judge turned aside his request for home detention in the U.K. A federal jury found Johnson, 52, the bank’s former global head of foreign exchange, guilty of nine counts of wire fraud and one count of conspiracy for front-running a $3.5 billion client order in December 2011. U.S. District Judge Nicholas Garaufis said that U.S sentencing guidelines indicated Johnson should face up to nine years in prison.

  • Ex-HSBC Currency Trader Deserves Decade in Prison, U.S. Says
    Bloomberg2 months ago

    Ex-HSBC Currency Trader Deserves Decade in Prison, U.S. Says

    U.S. prosecutors say former HSBC Holdings Plc currency trader Mark Johnson deserves a decade or more in prison based on his fraud conviction for front-running a $3.5 billion client order and lying on the ...

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  • HSBC to Pay $100 Million to End U.S. Currency-Rigging Probe
    Bloomberg4 months ago

    HSBC to Pay $100 Million to End U.S. Currency-Rigging Probe

    HSBC Holdings Plc has agreed to pay about $100 million in penalties to resolve a U.S. Justice Department investigation into the rigging of currency rates, part of a probe that has already led to the conviction ...

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  • BP to Acquire Cairn Energy's Oil Assets Offshore Senegal
    Zacks6 months ago

    BP to Acquire Cairn Energy's Oil Assets Offshore Senegal

    BP is reportedly planning to acquire a stake in Cairn Energy's oil assets for about $600 million.

  • Reuters6 months ago

    BP seeks stake in Cairn Energy Senegal assets - sources

    SYDNEY/LONDON (Reuters) - Oil exploration company Cairn Energy (CNE.L) is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said. "We are aware that BP wants to acquire a stake in Cairn Energy, but they are awaiting validation by the state (of Senegal)," an adviser to Senegal's oil minister, who declined to be named, told Reuters by telephone.

  • Reuters - UK Focus6 months ago

    BP seeks stake in Cairn Energy Senegal assets - sources

    SYDNEY/LONDON, Nov 21 (Reuters) - Oil exploration company Cairn Energy is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said. "We are aware that BP wants to acquire a stake in Cairn Energy, but they are awaiting validation by the state (of Senegal)," an adviser to Senegal's oil minister, who declined to be named, told Reuters by telephone.

  • Reuters6 months ago

    BP seeks stake in Cairn Energy Senegal assets

    SYDNEY/DAKAR (Reuters) - Oil exploration company Cairn Energy (CNE.L) is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said on Monday. "We are aware that BP wants to acquire a stake in Cairn Energy, but they are awaiting validation by the state (of Senegal)," an adviser to Senegal's oil minister, who declined to be named, told Reuters by telephone.

  • Reuters - UK Focus6 months ago

    BP seeks stake in Cairn Energy Senegal assets

    SYDNEY/DAKAR, Nov 20 (Reuters) - Oil exploration company Cairn Energy (LSE: CNE.L - news) is in talks with BP to sell a 30 percent stake in its deepwater SNE field offshore Senegal, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said on Monday. "We are aware that BP wants to acquire a stake in Cairn Energy, but they are awaiting validation by the state (of Senegal)," an adviser to Senegal's oil minister, who declined to be named, told Reuters by telephone. BP and Cairn Energy declined to comment.

  • Reuters7 months ago

    Ex-HSBC currency trader to be extradited from UK to face U.S. fraud charge

    Former senior HSBC currency trader Stuart Scott will be extradited to the United States to face charges that he defrauded Cairn Energy Plc in a $3.5 billion currency trade in 2011, a London court ruled on Thursday. On Monday Scott's former boss Mark Johnson was convicted of fraud in the United States in the same case. "We believe the U.S. government's case to be flawed and materially inaccurate and we also believe that this has led the court to fall into error," a lawyer representing Scott said.

  • Reuters - UK Focus7 months ago

    Ex-HSBC currency trader to be extradited from UK to face U.S. fraud charge

    LONDON, Oct (Shenzhen: 000069.SZ - news) 26 (Reuters) - Former senior HSBC currency trader Stuart Scott will be extradited to the United States to face charges that he defrauded Cairn Energy Plc (LSE: CNE.L - news) in a $3.5 billion currency trade in 2011, a London court ruled on Thursday. On Monday Scott's former boss Mark Johnson was convicted of fraud in the United States in the same case. "We believe the U.S. government's case to be flawed and materially inaccurate and we also believe that this has led the court to fall into error," a lawyer representing Scott said.

  • Christmas Didn't Turn Out So Well for Ex-HSBC Trader
    Bloomberg7 months ago

    Christmas Didn't Turn Out So Well for Ex-HSBC Trader

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  • U.S. jury finds ex-HSBC executive guilty of fraud in $3.5 billion currency trade
    Reuters7 months ago

    U.S. jury finds ex-HSBC executive guilty of fraud in $3.5 billion currency trade

    A U.S. jury on Monday found a former HSBC Holdings Plc(HSBA.L) executive guilty of defrauding Cairn Energy Plc (CNE.L) in a $3.5 billion currency trade in 2011. U.S. prosecutors have said that Mark Johnson, formerly head of HSBC’s global foreign exchange cash trading desk, schemed to ramp up the price of British pounds before executing a trade for Cairn, making millions for HSBC at Cairn's expense. "They've convicted an innocent man," John Wing, a lawyer for Johnson, told reporters as he left the courtroom in Brooklyn federal court, where Johnson was on trial for nearly four weeks.

  • Ex-HSBC Currency Trader Convicted of Fraud for Front-Running
    Bloomberg7 months ago

    Ex-HSBC Currency Trader Convicted of Fraud for Front-Running

    Former HSBC Holdings Plc currency trader Mark Johnson was found guilty of fraud for front-running a $3.5 billion client order, a victory for U.S. prosecutors as they seek to root out misconduct in global ...

  • Reuters - UK Focus7 months ago

    Jurors to weigh fraud charges against ex-HSBC executive

    NEW YORK, Oct (Shenzhen: 000069.SZ - news) 18 (Reuters) - Closing arguments in the U.S. trial of former HSBC Holdings Plc (Frankfurt: 923893 - news) executive Mark Johnson came to an end Wednesday, with a lawyer for the government urging jurors to convict Johnson of defrauding a client. Prosecutors have claimed Johnson, the former head of HSBC’s global foreign exchange cash trading desk, schemed with others at HSBC to ramp up the price of British pounds before executing a $3.5 billion currency trade for Edinburgh-based Cairn Energy (LSE: CNE.L - news) Plc in 2011, making millions at Cairn's expense. Sipperly's argument was a rebuttal to John Wing, a lawyer for Johnson, who spent much of Wednesday arguing that his client was innocent.

  • Ex-HSBC Currency Trader's Personal Defense Is Tested on Stand
    Bloomberg7 months ago

    Ex-HSBC Currency Trader's Personal Defense Is Tested on Stand

    Former HSBC Holdings Plc trader Mark Johnson adamantly denied he “ramped” a $3.5 billion foreign-currency order against a client, insisting he “wasn’t aware” that traders he supervised had already begun ...

  • Ex-HSBC Trader Says Boss Ordered Him to ‘Ramp’ Up Price of Pound
    Bloomberg7 months ago

    Ex-HSBC Trader Says Boss Ordered Him to ‘Ramp’ Up Price of Pound

    "Ramp it," a former head of foreign exchange at HSBC Holdings Plc told one of his traders, Frank Cahill, just before he executed a $3.5 billion currency transaction that the U.S. says was gamed ...

  • Reuters - UK Focus8 months ago

    Ex-HSBC currency chief's motives debated as U.S. fraud trial starts

    A former top HSBC Holdings Plc (Frankfurt: 923893 - news) executive threw his Scottish client "under the bus" by using his knowledge of its large planned currency transaction to do his own trading first, a U.S. prosecutor said on Monday at the start of a closely-watched trial. Johnson, the former head of HSBC's global foreign exchange cash trading desk, is the first banker to be tried in the United (Shenzhen: 000925.SZ - news) States on currency rigging charges, following worldwide investigations into the roughly $5.1 trillion-a-day market. Johnson's trial in Brooklyn, New York, is expected to last four weeks.

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