pre-tax profits


BP and Shell shares both fall

London's blue chip share index made further gains today as it continued its return to form after Monday's 100-point slump.


Tullow Oil shares bounce back

The FTSE 100 Index closed at its highest level since March today as traders bet on more stimulus measures to help the US economy.


SSE shares among risers, Xcite and Cairn fall

The FTSE 100 Index continued its poor performance today and closed down 24.1 points at 5,719.5 as hopes the US Federal Reserve would signal more stimulus measures tomorrow continued to fade.

Oil & Gas

Rig operator in profit

Awilco Drilling made pre-tax profits of £3.64million during the three months to June 30, the Aberdeenshire-based rig operator's latest accounts show, against losses of £12.36million a year earlier.


Faroe bosses’ pay boost

Faroe Petroleum chief executive Graham Stewart earned pay, bonus and other benefits worth £628,000 in 2011, up from £571,000 the year before, the Aberdeen oil company's latest annual report shows.