Top-flight shares in London finished the day in the red on Tuesday, but losses were pared by a dip in the value of the pound.
The FTSE 100 ended the day higher on Wednesday while the pound was held back by Brexit worries following Theresa May's desperate plea to Jeremy Corbyn to help end deadlock in Westminster.
The FTSE 100 racked up its highest points tally of the year on Tuesday as the pound came under selling pressure off the back of renewed Brexit fears.
The pound gained ground on Monday as traders pinned their hopes on a fresh Brexit deal being presented to Parliament this week.
Ophir Energy Plc’s takeover by Medco Energi Internasional Tbk could be blocked by a contingent of the U.K. company’s shareholders who want a higher offer, according to some of the investors.
The FTSE 100 edged higher on Monday as investors grew sanguine on the progress of US-China trade relations.
Inflation fell below the Bank of England's target for the first time in two years in January thanks to the new cap on energy prices.
The FTSE 100 rallied on Tuesday led by oil giant BP as the pound weakened and investors shrugged off concerns about eurozone economic growth.
The FTSE 100 ended the day in positive territory on Thursday as strong results from Royal Dutch Shell and Diageo helped investors look past wider economic headwinds.
Ophir Energy has agreed to a takeover by Indonesia's Medco in a deal that values the London-listed company at £390 million.
Oil extended its retreat as investor appetite for risk assets shrank and uncertainty persisted over how much OPEC will need to cut output to counter booming U.S. shale supplies.
The board at London-listed oil firm Ophir Energy has rejected a takeover offer from Indonesian company Medco.
London's blue-chip index and oil prices traded higher on Tuesday as investors were bullish over a possible breakthrough in trade talks between the US and China.
Norwegian oil firm DNO said today that it had snapped up more equity in takeover target Faroe Petroleum.
Brent crude oil averaged $72 per barrel (b) in 2018, and West Texas Intermediate (WTI) averaged $65/b in 2018.
Shares in Ophir Energy climbed rapidly after the London-based exploration and production firm confirmed talks with a potential new owner.
Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of a surplus.
Shares in Cabot Energy capitulated on Monday after the firm said it is fighting for survival and has commenced crunch talks with investors to raise emergency cash that will allow it to stay afloat.
China is the latest victim of the wild swings in oil prices that have roiled trading firms across the globe this year.
Weakness in the commodities markets weighed on London's blue-chip index on Tuesday, while a stable pound put further pressure on top-flight shares.
After 30 days of its stock trading below $1 per share, oil field service giant Weatherford International is facing getting delisted from the New York Stock Exchange.
Oil traded below $52 a barrel after U.S. crude inventories slid less than expected and added to concerns that the OPEC+ coalition’s output cuts won’t be enough to avert a supply glut.
Advanced plans to create a Scottish stock exchange have taken a significant step forward after the company behind the idea agreed a partnership with an established European market operator.
Oil’s gains risk being quelled by uncertainty over how the OPEC+ coalition will implement its deal to cut output, according to Goldman Sachs Group Inc. and Morgan Stanley.
Top-flight stocks in London were boosted by rising oil prices in Friday trading, but observers said a recovery could not make up for the "dreadful" week on the markets.