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Roxi options exercised

Roxi Petroleum has issued 500,000 new shares following the exercise of options. At 1:16pm: (LON:RXP) Roxi Petroleum PLC share price was +0.13p at 15p Story provided by StockMarketWire.com

The assets to buy now – July 2015

Asset allocation is at least as important as individual share selection. So where should you be putting your money? Here’s July’s take on the major assets to buy now.

Max Petroleum gets 6mth standstill on debt repayments

Max Petroleum said Sberbank has unconditionally granted a six-month standstill on all principal and interest payments due under the Company’s c.$80 million loan through to 14 December 2015. In addition, the Company has accrued US$3.8 million of interest as of 30 June 2015. Interest will continue to accrue during the standstill period. The Company continues […]

SVT completes Water Purification business sale

Severn Trent said, further to the announcement made May 13, it has completed the sale of its Water Purification business to Industrie De Nora on 2 July 2015. At 9:19am: (LON:SVT) Severn Trent PLC share price was +4p at 2104p Story provided by StockMarketWire.com

BP settlement credit positive, says Fitch

BP’s preliminary agreement to settle US federal, state and local Deepwater Horizon claims for US$18.7bn, payable over 18 years, will considerably strengthen the company’s credit profile, which had factored in the potential for a larger settlement that took much longer to agree, Fitch Ratings says. If the deal is finalised on the same terms it […]

Fracking rejected in Blackpool

The nascent UK fracking industry has suffered a major setback following Cuadrilla’s failed bid to drill four exploratory wells.

FTSE mixed as BP surges on $18.7bn spill settlement

FTSE indices closed mixed after a tepid session as traders took stock of the Greece-debt saga ahead of next week’s key referendum there. BP (BP.) was blue-chip story of the day, with a slew of other oilies and utilities nudging north alongside miners and financials. FTSE 100 closed up 21.88 points, or 0.33%, to 6630.47. […]

IOG gets financial boost from its Directors

Independent Oil and Gas (IOG) has confirmed that it has now received binding commitments from the CFO and the COO of the Company to subscribe for 105,087 new Ordinary Shares each at 23.79p per Subscription Share. The aggregate subscription proceeds of £50,000.40 will ensure IOG has sufficient working capital to cover its activities to the […]

BP reaches agreement over Deepwater

Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. BP today announced that its US Upstream subsidiary, BP Exploration and Production Inc (BPXP) has executed the agreements with the US federal government and five Gulf […]

Output halted at Hydrodec’s rebuilt plant

Production at Hydrodec’s rebuilt Canton plant has been halted following ‘equipment integrity issues’ during output ramp-up. The company – which announced on 1 June that the rebuilt plant was fully commissioned – said that during the production ramp-up of trains 1 & 2, equipment integrity issues caused production to be halted while remedial work is […]

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Anatomy of a Grexit: how Greece would go about leaving the euro

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