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US close: Stocks eke out small gain ahead of start of reporting season
Wall Street's most-followed equity gauge, the S&P 500, managed to trim its worst weekly loss in two months on Friday, as crude oil futures snapped higher and following upbeat remarks overnight from Fed chair Janet Yellen, ahead of the start of the corporate earnings season on 11 April.
Sunday newspaper round-up: North Sea, China devaluation, Farmland returns
A new entrant to the North Sea sector is set to join existing small-cap explorers in snapping up low-cost oil assets in the aftermath of the global oil market collapse. Mayfield Energy has emerged as one of a handful of independent players in a position to benefit from the oil price crash by cherry-picking oil assets from the heavily indebted incumbent groups which are under pressure to shore up their battered balance sheets. The new firm is backed by a board of North Sea industry veterans who have already begun talks to pick up oil fields, and stakes in existing projects, up to $400m in value.
Sunday share tips: BT Group, Burberry
Three’s acquisition of Telefonica’s O2 is on the skids after the owner of the former, Hutchinson Whampoa, failed to turn the heads of the European competition authorities, with potential ill consequences for BT Group, the Financial Times’s Lex column said.