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FTSE up on mixed bag despite gold, mining weakness

FTSE indices ended on a positive note, albeit off earlier highs, as a platter of retail, property, pharma and financial stocks outmuscled a bunch of falls among miners, which suffered alongside gold prices. Traders continue to embrace Greece’s negotiated bailout. FTSE 100 closed up 13.61 points, or 0.2%, to 6788.69. FTSE 250 was up 25.51, […]

IOG update on short term funding

Independent Oil and Gas did not receive the short-term funding which were due on Friday but it does expect to receive payment within the next few days. The company advised shareholders on 8 July that the delayed subscription of 609,500 shares at a price of 23.79p was expected to be paid by 17 July. Once […]

TLW’s update

Tullow Oil said gas export from the Jubilee Field to the Ghana Gas plant at Atuabo has been suspended since 3 July 2015 due to technical issues with gas compression systems on the FPSO Kwame Nkrumah and is expected to resume by mid-August. Oil production is currently constrained to approximately 65,000 bopd and is under […]

FTSE ends the week lower

FTSE indices closed the week on a somewhat downbeat note, as punters attempted to seek out value deals after the recent Greece-bailout agreement, while the bears more than held their corner. The likelihood of a rate UK interest hike towards the end of the year, as indicated by Bank of England Governor Mark Carney, also […]

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