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London Stock Exchange profits jump boosts FTSE 100 index

Top flight shares looked like ending the week on the up, as takeover target the London Stock Exchange (LSE) saw its full-year profits surge. The British bourse said adjusted pre-tax profits climbed 31% to £643.4 million, up from £491.7 million in 2014, adding that its £20 billion merger talks with Germany’s Deutsche Borse were making “excellent progress”.


London stocks down amid worry over weak world growth

European stock markets opened lower following steep overnight losses in Asia, amid concerns over sliding oil prices and slowing world growth. In London, the FTSE 100 Index fell just under 1%, or 52.3 points to 5826.2, after China’s Shanghai Composite tumbled more than 6% as traders also worried over easing growth in the world’s second largest economy.


Seplat Petroleum boosts production for 2015

Seplat Petroleum has seen its working interest production for last year boosted by more than 40%. The Nigeria and London Stock exchanged firm said its current daily production interest was sitting at around 55,000boepd (barrels of oil equivalent per day) with both its oil and gas rates strong.


Markets continue revival as oil prices rise

Markets were up strongly for the second day in a row, as oil prices rose at the end of a turbulent week. The FTSE 100 Index was up 140.5 points to 5914.5, following positive overnight trading in Asian markets.


FTSE 100 index falls as oil price slumps

The Footsie closed down as falling oil prices kept global markets under pressure, but Tesco shares surged after it revealed better-than-expected Christmas trading.

Renewables/Energy Transition

Aberdeen Asset Management boosts its power from solar energy

Aberdeen Asset Management has completed the installation of 1,000 solar panels on an investment property it owns in North London. The Aberdeen investment firm said the installation at the materials recycling facility (MRF) will provide an estimated 225,000 kilowatt hours (kWh) of electricity to tenant Biffa Waste Services, saving around 20 tonnes of carbon dioxide (CO2) annually.

Other News

Afren administrators sell African artwork for more than £300,000

Administrators of UK oil explorer Afren have raised more than £300,000 from the sale of African artwork owned by the company. The array of Nigerian artwork was put up for auction at Bonhams after the company began experiencing trouble earlier this year. Two months ago the Financial Conduct Authority (FCA) said it had cancelled trading shares from the company on the London Stock Exchange.