Market Pulse - Commodities
APC Technology surges as profits jump
APC Technology's shares leapt on Tuesday after the company recorded a jump in interim revenue and profit, while net debt was reduced.
BP chairman warns 'world is on an unsustainable path'
BP’s chairman acknowledged in the Financial Times on Tuesday that the world’s energy consumption is on “an unsustainable path”.
Trump threatens to 'end Iran' as tensions escalate
Trump warned Iran to stop threatening the US and not to contemplate instigating a conflict or it would “end” the Islamic Republic.
Greenpeace blockades BP's global HQ
The global headquarters of BP has been shut down by Greenpeace, after the campaigning charity blockaded the oil giant’s west London office.
Rose Petroleum names new chairman following subscription issues
Natural resources business Rose Petroleum tapped Colin Harrington to take over as executive chairman on Monday after chairman designate Robert Bensh was unable to meet the full terms of his irrevocable subscription commitment to the company.
Broker tips: Thomas Cook, Rio Tinto, Anglo American, BHP
Thomas Cook was under the cosh again on Friday a day after its shares tumbled on the back of a profit warning, as Citi downgraded it to 'sell' from 'neutral', arguing that the stock is basically worthless.
Liberum double-upgrades miners after 'stark change' in iron ore price forecasts
Analysts at Liberum took a fresh look at the mining sector on Friday, double-upgrading the likes of Rio Tinto, Anglo American and BHP to 'buy' as they outlined a "stark change" in their near-term forecasts for iron ore prices.
Applied Graphene secures tenth manufacturing process patent
Applied Graphene Materials (AGM) on Friday received patent approval for its unique manufacturing process in a "strategic territory" which constitutes the tenth out of eleven territorial applications the company made in 2010.
Morgan Stanley reiterates 'buy' for shares of Hurricane Energy
Analysts at Morgan Stanley reiterated their 'buy' recommendation for shares of Hurricane Energy, telling clients they continued to see a "realistic bull case" for the company under which its shares would trade over five times higher by the end of 2020.
Premier Oil gains after upgrading production guidance
Premier Oil's shares jumped on Thursday after the oiler upgraded its full-year production guidance as a strong improvement from operations in the UK drove expectations higher.
Anglo Asian raises production target as profits surge
Anglo Asian Mining set a higher production target for 2018 after booming production drove profit sharply higher in 2018.
Genel chairman Whyte to stand down, says outfit poised for organic growth
Genel Energy chairman Stephen Whyte announced plans to step down as he reported a successful start to 2019 for the oil producer.
US industrial production extends slide in April, led by factories and utilities
Industrial output growth in the States missed forecasts by a wide margin last month as manufacturing added to a growing list of monthly declines.
Jury orders Bayer to pay couple in excess of $2bn over cancer claims
A jury in California ordered Monsanto-owner, Bayer, to pay over $2bn to a couple who got cancer after using the Roundup weedkiller, in the third and largest verdict against the company over diseases claims.
Trump wages war of words after Beijing ups tariffs
Donald Trump continued his war of words with China on Tuesday, with a series of tweets claiming tariffs had rebuilt America’s steel industry and criticising Beijing for walking away from a deal.
Brent futures jump after drone attack against Saudi pipeline
Crude oil futures popped higher on Tuesday after the Saudi energy minister said that oil installations in the east of the country had been attacked by armed drones and reiterated a call to action against Iranian-backed Houthi rebels in Yemen.
Rio Tinto boss says miners must respond to pressure for change
Rio Tinto's boss has warned the mining industry needs to adapt or have change forced on it as pressures intensify.
Asian stock markets fall as Trump hardens stance against China
US President Donald Trump defended his decision to raise tariffs on China putting, keeping investors on edge and contributing to losses for Asian stocks on Tuesday.
China approves $60bn-worth of retaliatory tariffs on US goods
China will raise tariffs on $60bn-worth of US exports in retaliation for the latest decision from Washington to increase levies on $200bn of Chinese goods from 10% to 25%.
HSBC upgrades Shell to 'buy', sees extended share buybacks
Analysts at HSBC revised their recommendations for Royal Dutch Shell's A and B shares from 'hold' to 'buy' following the oil major's latest quarterly figures, telling clients that they saw "little in general to give us concerns on the outlook. ".