Trading of Max Petroleum ordinary shares are due to be cancelled from the London Stock Exchange amid uncertainty over the company’s financial future.
Engineering group Costain has been awarded a £605million contract for the East works package of the Thames Tideway Tunnel "super-sewer" in London.
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.
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.