Tag: London Stock Exchange

SSE and Npower merger scrapped

SSE and Npower merger scrapped

A proposed merger between two of the UK’s largest energy companies has been scrapped after SSE and Npower failed to agree on terms to ensure financial support for the new firm. The merger would have seen the UK’s “Big Six” energy providers reduced to five, although it came under a […]

Kuwait Energy in talks with London listed company

Kuwait Energy in talks with London listed company

Kuwait Energy is in talks with a London listed company over a possible merger that would allow the Middle Eastern firm access to the London Stock Exchange. After failing to gain a listing on the London Stock Exchange last year, Kuwait Energy entered talks with SOCO International for an equal […]

Trump pushes for Aramco listing in New York

Trump pushes for Aramco listing in New York

US President Donald Trump has encouraged Saudi Arabia to list its state energy giant, Saudi Aramco, on the New York Stock Exchange in what is expected to be the largest initial public offering in history. The kingdom will float just 5% of the company in a stock market floatation as […]

Market ebb ends for FTSE 100

Market ebb ends for FTSE 100

The FTSE 100 has ended a run of loses as it has risen by 21 points or 0.29% to 7,171.41 points after lunch. The London-based index benefited from upward momentum in the United States overnight. Miners led the early rises as copper prices rose by 3% overnight and Rio Tinto […]

FTSE and oil prices fall following inauguration

FTSE and oil prices fall following inauguration

The FTSE 100 is lower today by 63.57 points by 0.9 per cent as investors react to the inauguration of President Donald Trump which has led the US dollar to fall. The largest rise amongst mining and energy firms on the London Stock Exchange is Tanzanian firm Edenville Energy (LON: […]