London

Markets

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”.

Markets

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.

Africa

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

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.

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.

Markets

Miners and oil stocks put brakes on FTSE

London’s top-flight was held back by another difficult session for its big oil and commodities stocks today amid a recovery in shares elsewhere. The FTSE 100 Index was 20.9 points lower at 6529.9 while Germany’s Dax and France’s Cac 40 were ahead, bouncing back from a tough few days for world markets in the previous week. Asian stocks were mixed overnight after figures showing the Japanese economy shrank in the second quarter - with Tokyo’s Nikkei ahead on hopes that it would mean more stimulus for the region’s second biggest economy.

Markets

Nostrum eyes Tethys Petroleum in further shares battle

Nostrum Oil & Gas has made a further approach to the board of Tethys in a takeover offer for the company’s entire share capital. The move comes after Tethys made a recent announcement regarding a strategic collaboration with and financing by AGR Energy. Nostrum said it was prepared to provide interim funding to Tethys in connection with the potential offer.