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29 Dec
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Europe close: Shares dip below the line at end of quiet Wednesday

European shares dipped into negative territory by the close after a solid first half to the day on Wednesday, amid thin between-the-holidays trade with little corporate news and economic data to drive sentiment.

29 Dec
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London close: FTSE hits 22-month as Omicron worries fade

London stocks ended firmly in the black on Wednesday, having hit their highest level since February 2020 amid hopes that Omicron will be less severe than previous Covid variants.

29 Dec
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Director dealings: Fulham Shore MD effects transfer, Chaarat chair's firm widens stake

Fulham Shore managing director Nabil Mankarious was at the top of both the buying and selling sides of the ledger on Wednesday.

29 Dec
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US pending home sales drop in November

US pending home sales unexpectedly fell in November, according to data released on Wednesday by the National Association of Realtors.

29 Dec
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Apple sends independent inspectors to iPhone factory in India

Apple supplier Hon Hai Precision Industry was put on notice by the consumer technology giant on Wednesday, amid growing concerns over working conditions at its plant in southern India.

29 Dec
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US open: Shares higher in thin trade as goods deficit widens

US stocks were higher at the opening on Wednesday as investors digested data showing America’s trade deficit widened to a record high, while Omicron Covid variant cases continued to surge.

29 Dec
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Fresnillo Juanicipio mill commissioning delayed by six months

Mill commissioning at Fresnillo's Juanicipio joint venture in Mexico has been delayed by six months after the state electricity company said it could not give the go-ahead for connection to the national power grid due to the Covid-19 pandemic.

29 Dec
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Pharos Energy upbeat as Egypt Parliament approves amendment

Oil and gas exploration and production company Pharos Energy announced on Wednesday that the Egyptian Parliament has approved the third amendment to its El Fayum Concession Agreement.

29 Dec
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British Honey Company confirms end of List Distillery partnership

Honey and craft spirits producer British Honey Company confirmed on Wednesday that the extended collaboration agreement with Florida-based List Distillery, first announced in June last year, ended on 28 December.

29 Dec
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Round Hill Music Fund acquires 'significant share' in Niko Moon catalogue

Round Hill Music Royalty Fund has acquired a “significant share” of the publishing rights of American country singer-songwriter Niko Moon, it announced on Wednesday.

29 Dec
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Octopus Renewables invests £2.5m in new wind farm development firms

Octopus Renewables Infrastructure Trust has invested £2. 5m and agreed to provide up to a further £7. 5m in development funding for nine newly-formed joint venture onshore wind farm development companies, it announced on Wednesday, with specialist UK onshore wind developer Wind 2.

29 Dec
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Lukoil agrees Meretoyakhaneftegaz joint venture with Gazprom Neft

Lukoil announced on Wednesday that it had concluded a sale and purchase agreement with Gazprom Neft for a 50% equity share of Gazprom Neft’s wholly-owned subsidiary Meretoyakhaneftegaz.

29 Dec
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Europe midday: Shares hold gains as retailers lead the way

European shares were still holding onto gains within view of record highs at midday on Wednesday despite thin trade with little corporate news and economic date to drive sentiment.

29 Dec
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London midday: FTSE hits 22-month high as Omicron fears recede

London stocks were still in the black by midday on Wednesday amid hopes that Omicron will be less severe than previous Covid variants, although volumes were thin as many traders remained away from their desks until after the new year.

29 Dec
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United Oil reports commercial net pay in latest Abu Sennan well

United Oil & Gas updated the market on the drilling of the Al Jahraa-13 development well in the Abu Sennan licence, onshore Egypt on Wednesday.

29 Dec
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IOG still facing technical delays in spudding first Southwark well

UK gas and infrastructure operator IOG updated the market on Southwark drilling operations on Wednesday, having expected the first Southwark development well to spud by the weekend of 19 December, following the repair of the Noble Hans Deul rig.

29 Dec
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Sound Energy enters loan agreements to advance Tendrara

Sound Energy has entered binding conditional agreements over $18m of phase one Tendrara LNG development loan note financing, it announced on Wednesday.

29 Dec
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James Fisher receives funds for suspended LNG project, shares surge

Marine service provider James Fisher and Sons reiterated its full-year profit guidance on Wednesday as it said it has received all outstanding funds relating to its suspended liquefied natural gas project in Mozambique.

29 Dec
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Cadence Minerals enters binding deal to advance Amapa venture

Cadence Minerals has entered into a binding settlement agreement with the secured bank creditors of DEV Mineração, the owner of the Amapa iron ore project in Brazil, it announced on Wednesday.

29 Dec
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US pre-open: Futures edge ahead before opening bell in thin trade

US stock futures edged ahead ahead of Wednesday's opening bell in quiet trading over the holiday period, as investors remained optimistic that the Omicron Covid variant would not harm the economy despite surging case numbers.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.