The UK Economy

Europa Oil & Gas (Holdings) (LSE:EOG), an AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, have announced that after a successful High Court challenge on 25 July 2013 in relation to the drilling of a temporary exploratory well at the Holmwood prospect (‘Holmwood’) in […]

Empyrean Energy (LSE:EME), an AIM-listed profitable US onshore oil, gas and condensate exploration, development and production company with assets in Texas and California, is pleased to announce its participation in two new wells in the Eagle Ford Shale, Texas. This participation is a part of its interest in ‘Sugarloaf Block A’ operated by Burlington Resources […]

The Shah Deniz consortium has announced that 25-year sales agreements have been concluded for just over 10 billion cubic metres a year (BCMA) of gas to be produced from the Shah Deniz field in Azerbaijan as a result of the development of Stage 2 of the Shah Deniz project. Nine companies will purchase this gas […]

Premier Farnell (LSE:PFL), a distributor of technology products and solutions for electronic system design, maintenance and repair in Europe, the Americas and Asia Pacific, have announced results for the first half of the financial year ending 2 February 2014. Operating margin improved through the period to 9.5% from adjusted Q4 levels of 9.2% whilst the […]

If you see a parade of brightly colored Austin Minis driving in circles around Piccadilly Circus later today, it will be Foxtons (LSE:FOXT) celebrating the company’s extraordinary IPO on the London Exchange today. My perspective on IPOs in general is that anything goes.  With Foxtons’ IPO everything went! The company floated 169.4 million shares.  It […]

Pound Sterling While the Pound began the week trading in the region of multi-month highs against both the US Dollar and Euro, the British asset broadly softened on Thursday as an unexpected decline in UK retail sales dented investor confidence in the nation’s economic recovery. To ask a currency expert a question direct, click HERE […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients; So the Fed didn’t move. A no-show for T-day. Markets surprised, with few expecting nothing at all, most seeing at least some reduction in order to maintain credibility after all that build up to Sep-taper (last time I use […]

The share price of Lloyds Banking Group (LSE:LLOY) declined by 2.88% at midday from its closing price yesterday of 77.36.  The shares are currently trading at 75.13.  This is not a bad thing, considering that the price is holding slightly above the 75 pence that institutional investors spent per share yesterday as the government sold […]

Leading supermarket chain Morrisons has announced a 10% drop in underlying profit. Compared to £445m in 2012/13 the company has today reported a £401m, with like-for-like store sales dipping by 1.6%. The results did though contain some positive news for investors. Total store sales rose by 0.8% and the company will offer an interim dividend […]

The share price of Morrison (WM) Supermarkets (LSE:MRW) led the FTSE this morning, rising from 294.oo at yesterday’s close to to 312.00 minutes after 9:00 am.  The MRW share price remains up 3.06% at 13:20 today, an increase of 9.10 pence to 306.30. The investor response followed the release of Morrison’s first half results and […]