Business leaders today warned that changing rules to let sovereign-controlled companies list their shares in London threatened to diminish the UK’s track record for strong corporate governance.
London Stock Exchange
London Stock Exchange (LSE)’s new 1,000 Companies to Inspire Britain report celebrates the achievements of 25 Scottish firms and more than half of them are in the north and north-east.
Local politicians have urged north-east companies to attend an event presenting funding opportunities for oil and gas companies set on expansion.
During my time as an MP, the oil and gas market has been incredibly challenging for service companies and operators working in the industry. When I was first elected in May 2015 the oil price was around $62 a barrel, then dropped to around $30 before rising back up to $52. The quick and sudden decline from the $100-a-barrel 2014 rates has really dented confidence and I know it has left some companies struggling to find capital finance.
Fledgling Italian gas producer Saffron Energy is aiming to make a splash when it enters the London Stock Exchange in the coming weeks.
London’s top-flight index remained in the red as investor jitters over the Italian referendum and Wednesday’s crunch meeting on global oil supply continued to dog the market.
EnQuest said new shares have been issued on the London Stock Exchange after its restructuring deal was completed earlier this month.
Energy stocks shot to the top of the FTSE 100 as oil prices jumped on hopes that Opec was one step closer to reaching a supply cut deal that would buoy floundering prices.
Diversified Oil & Gas (DGO) said it plans to seek admission of its shares to the London Stock Exchange.
Scotland is lagging behind the rest of the UK in the number of companies represented on the Alternative Investment Market (AIM) it was claimed at an event yesterday.
Madagascar Oil is considering delisting from the London Stock Exchange after entering into a framework agreement with its lenders to secure new financing.
Fort William's Underwater Centre has been identified as one of the UK's most inspirational companies.
Bahamas Petroleum Company shares jumped after the islands' senate passed the Petroleum Bill that allows a framework for exploration operations.
Premier Oil this morning confirmed its shares had been suspended from the London Stock Exchange ahead of a potential takeover.
Operational delays affecting activity in the Democratic Republic of Congo have contributed to Sacoil issuing an earnings warning to investors.
The London market climbed higher, buoyed by takeover speculation at commodity giant Glencore. The FTSE 100 Index was 133.6 points higher at 6263.2, as the global equity volatility seen in recent weeks shows little sign of abating. France’s Cac 40 was up more than 3%, while Germany’s DAX lifted by around 2%.