The UK Economy

Termination of Yorkville equity swap and issue of equity Alecto Minerals plc (AIM:ALO), the AIM quoted mineral exploration company focussed on West and East Africa, announces that the equity swap agreement, announced on 7 November 2013 between the Company and YA Global Master SPV Ltd has been terminated by mutual consent. Following termination of the […]

Update on Raki / Huajache Wind Power Project, Chile Rame Energy plc, the Independent Power Producer, has provided the following operational update regarding its 15MW Raki / Huajache wind project in Chile, in which it holds a 20% equity interest alongside Santander Investment Chile Limitada. Raki / Huajache are two of the Company’s first six […]

Raises US$5 million in Conjunction with Nairobi Stock Exchange Listing Atlas Development (AIM:ADSS), the African focussed support services and logistics company, has announced that in connection with its previously announced cross listing on the Growth Enterprise Market Segment of the Nairobi Securities Exchange it has successfully raised US$5 million (KES 450 million) through a private...

I had come to have a modicum of admiration (that’s about as much as I can muster for a politician or a banker) over the past few years. But today, either someone slipped him a stupid pill or he is doing his imitation of Barack Obama (moving his lips and expecting people to believe the […]

Located 60 kilometres northeast of Fort McMurray, Alberta, BP confirmed today that operations have started at the Sunrise Phase 1 in-situ oil sands project in Alberta, Canada, with the start of steam generation. Husky Energy is the operator of Sunrise, a 50/50 joint venture with BP. Sunrise is being developed using steam assisted gravity drainage […]

Filed with an “Extended Class Period” Morgan & Morgan reminds investors that a class action lawsuit has been filed against Tesco PLC (TSCDY) for potential violations of the securities laws. A class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of securities […]

Mexican Energy regulator formally launches Mexico’s energy bid round MX Oil plc, the AIM quoted oil and gas investment Company focused on the re-opening Mexican energy sector, has reflected on the, Mexican upstream oil regulator, CNH’s approved rules for the first part of Bid Round 1, specifically the shallow-water exploratory blocks. According to CNH, data […]

Also expects $1 billion in Group-wide restructuring charges over coming year BP will today present to investors its strategy and plans to the end of the decade and beyond for its Upstream oil and gas business. The day-long presentation, led by BP’s Upstream chief executive Lamar McKay, will provide an in-depth and detailed account of […]

Secures Connection Offers for 140 MW at Sites in the South of England Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, has announced that its wholly owned subsidiary, Plutus Energy Ltd, has secured offers to connect to the National Grid […]

Diversifies Sales through Relationship with SIAT DekelOil Public Limited, operator and 51% owner of an established, vertically integrated palm oil project in Côte d’Ivoire, has announced that it is supplying Société d’Investissement pour l’Agriculture Tropicale, an agro-industrial group of companies, with Crude Palm Oil produced from its 60 t/hr extraction Mill. DekelOil is...