A slump in oil prices is forcing the oil and gas services industry for the first time in 15 years to trim costs in a way that executives say will create a lasting change away from their usual lavish way of doing business.
High-profile oil and gas executives are teaming up with private equity funds seeking to invest billions in British North Sea assets and maximise profits by cutting costs, offering the ageing basin a badly needed lifeline.
BP will heap more pain on the UK oil industry when it reveals plans for billions of pounds of spending cuts due to the collapse in oil prices.
Uncertainty caused by tonight's US fiscal cliff deadline quashed any celebrations over a near 6% jump for the FTSE 100 Index over 2012.
The London market made nervous gains today as hopes that the US would announce more stimulus measures were countered by more weak economic data.
London’s blue chip market broke through the 6,000 mark for the first time in more than a month today as its run of gains continued despite falls in the banking sector.
The London market sunk deeper into the red today after further falls in commodity prices hit traders' confidence.
Strong earnings figures from Apple and investment bank Morgan Stanley whetted investors' appetite for risk today but failed to keep the London market out of the red.
The FTSE 100 Index today rallied past the 6,000 mark for the first time in nearly a month after a report revealed the US unemployment rate fell to a two-year low in March.
Barclays gave bank shares a boost today as it unveiled better-than-expected profits of £6.1bn (€7.3bn) in a strong start to the sector’s annual results season.
The London market struggled to make progress today as eurozone debt concerns weighed on the minds of investors.
The London market struggled to make headway today as a poor session for mining stocks dragged on blue-chip shares.
The FTSE 100 Index finished the session just 1% lower today after a bail-out of the US car industry helped Wall Street markets open on the front foot.
The London market was under pressure today as lower oil prices and concerns over the global economy weighed on sentiment.
Early optimism surrounding America’s hefty interest rate cut faded fast today as stock market attentions turned to the mounting economic gloom.
The FTSE 100 Index finished lower today as worries over the impact of dire Christmas trading conditions continued to hammer shares in the sector.
Stock markets rallied strongly today as investors looked to a fresh set of measures to help the ailing global economy.
Heavyweight commodity stocks helped the FTSE 100 Index gain some ground today after China unveiled a multi-billion plan to help its economy.
The FTSE 100 Index surged ahead today as traders were buoyed by news of a multi-billion plan to boost the Chinese economy.
The FTSE 100 Index’s six-day winning streak came to an end today as investors took profits after recent gains.
The London market surged more than 4% today as investors banked on an aggressive cut in interest rates later in the week.
London’s FTSE 100 Index staged a fight-back from fresh five-year lows today in a see-saw session for the UK’s leading shares.
Travel companies including Thomas Cook and British Airways were flying high today as oil prices dived to a four-month low.
Strong gains for oil and banking stocks saw the FTSE 100 Index make good progress today and close at another two-month high.
Losses for consumer-facing firms failed to stop the London market making strong gains today as oil and metal stocks traded higher.
Commodity stocks put the FTSE 100 Index back on the front foot today as buyers returned to the market following yesterday’s sell off.
Fears the global financial crisis could get worse in the coming months saw widespread losses in London today as the FTSE 100 Index slumped more than 2%.
Higher commodity prices helped the London market recover some early losses today but HBOS remained in the red after the poor take up of its £4bn (€5bn) rights issue.
The London market closed in the red today after a volatile session amid concerns over the housing market and political tension between Israel and Iran.
A punishing session for the banking and homebuilders sectors helped drag the FTSE 100 Index into negative territory today.
Weaker oil and energy stocks after falling crude prices saw the FTSE 100 Index end a volatile session in the red today.
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