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Jersey Oil & Gas in farm-out with Statoil (UK) on licence P.2170
Jersey Oil & Gas has, alongside its co-venturer CIECO Exploration and Production (UK) Ltd, entered into a sale and purchase agreement for the farm-out of a 70% working interest in UK Seaward Licence P. 2170, Blocks 20/5b and 21/1d, to Statoil (UK) Ltd.
Circle Property makes solid progress since listing on AIM
Property management company Circle Property said it had made solid progress in its maiden results for the first quarter, while it secured a significant line of debt funding.
Europe midday: Stocks push higher despite weaker oil prices
European stocks rose on Tuesday, bouncing back from the previous session’s losses despite weak oil prices, as investors continued to eye this week’s speech by Federal Reserve Chair Janet Yellen at Jackson Hole.
London midday: Stocks climb as traders assess Eurozone PMI
London stocks climbed on Tuesday as the Eurozone composite purchasing managers’ index unexpectedly nudged up to a seven-month high in August.
UK manufacturers' export orders hit two-year high in August, CBI says
Sterling's fall in value drove UK manufacturers' export order books to multi-year highs, the results of a widely-followed survey revealed, even as they prepared to raise prices in a bid to pass-on their own now higher costs.
Rating outlook for UK life insurers is stable, Fitch says
The outlook for UK life insurers' long-term credit ratings was stable despite the impact of lower interest rates, a reflection of their strong capital positions, Fitch Ratings said.
US pre-open: Stocks seen slightly higher despite weak oil prices
US futures pointed to a slightly firmer open on Wall Street despite declining oil prices, as investors looked ahead to Federal Reserve Chair Janet Yellen’s speech at Jackson Hole at the end of the week.
Eurocell interim profit and revenue up, confident on FY
Eurocell reported a jump in pre-tax profit for the first half as revenue grew.
Vast Resources reports higher costs at Manaila, delays at second Romanian licence
Vast Resources encountered technical difficulties at its Manaila polymetalic mine in Romania, leading to setbacks in production, while the process for securing a sub-licence for another project in the same east European country continued to face delays.
Millions of low-income households in debt, say TUC, UNISON
Unsecured debt has increased for UK households, in part due to wage stagnation, according to two trade unions.
Canaccord reiterates 'buy' rating on Petra Diamonds, raises target price
Petra Diamonds shares edged higher on Tuesday as Canaccord Genuity reiterated a ‘buy’ rating and raised its target price to 165p from 150p.
Tlou Energy renews agreement with General Electric
AIM-listed Tlou Energy has renewed a cooperation agreement with General Electric and Australia’s IK Holdings for the delivery of a proposed gas to power solution for Botswana.
Electric Word interim losses widen, revenue flat
AIM-listed specialist information business Electric Word reported a widening of its losses in the first half as revenue remained flat.
Gender pay gap has not changed in 20 years for higher educated women
The hourly pay gap between higher-educated women and men has not closed in the last 20 years and it widens after women have children.
Asia: Stocks mostly lower ahead of Yellen speech
Asia stocks were mostly in the red on Tuesday as traders exercised caution ahead of Federal Reserve chair Janet Yellen’s speech later in the week.
ITM Power inks hydrogen supply agreement with Commercial Group
ITM Power inked another deal to supply hydrogen fuel as it continued to roll-out its refuelling network.
Oil price recovery 'fragile', says Goldman Sachs
The oil price recovery remains fragile, Goldman Sachs said in a note, as three remaining large sources of oil supply disruptions – Nigeria, Iraq and Libya – have all shown signs of increasing output since last Wednesday.
Eurozone flash composite PMI unexpectedly nudges up in August
Markit’s flash eurozone composite purchasing managers’ index unexpectedly nudged up to a seven-month high in August.
Tuesday broker round-up
Ithaca Energy: Barclays reiterates underweight with a target price of 70p.
EU leaders call for more Europe despite populist backlash
The leaders of the euro area's three largest economies vowed to push ahead with the European project despite the populist backlash against Brussels.