Market Pulse - Commodities
Commodities: Grain prices jump after latest DoA forecasts for soybeans and corn
Commodities finished the quarter on a positive note amid gains in grains and in the energy complex.
Petrofac lands $265m contract with Omani petroleum developer
Oil field services provider Petrofac Limited was awarded a contract worth $265m on Monday for the development of a project in Southern Oman.
ITM Power joins Canadian power-to-gas project with government grant
Clean energy company ITM Power has been awarded a grant to undertake a power-to-gas feasibility study from the British Columbia (BC) government ministries of energy, mines and petroleum resources and jobs, trade and technology.
Market buzz: Conviviality to call in administrators, Amazon feels Trump wrath
1758:Close Reports of Conviviality's demise were somewhat exaggerated, it seems, with the Bargain Booze owner saying it's still in talks with its lenders after failing to drum up the full amount of its attempted emergency cash call.
Director dealings: Petrofac's finance chief buys-in
Petrofac's finance chief picked-up some shares in the oilfield services firm on Wednesday.
Petrofac profits rise as CEO returns to full duties
Oil services outfit Petrofac on Thursday said full-year earnings before interest, tax, depreciation and amortisation rose 3. 7% to $730m as it announced chief executive Ayman Asfari would resume full duties “with immediate effect”.
Glencore stands out for Credit Suisse analysts
Glencore stands out in a UK mining sector that is cheaper than the wider market and mid-cap sector peers, Credit Suisse analysts said.
Strategic Minerals' survey identifies favourable conditions for nickel at Australian project
Mineral operation and development company Strategic Minerals announced on Tuesday that it has identified potential nickel sulphides at its Hanns Camp project in Western Australia.
Gulf Marine Services swings to loss in 'challenging market environment'
Self-propelled self-elevating support vessel (SESV) provider Gulf Marine Services saw significant drops in both revenue and profits over its last trading year, swinging the group to a loss.
Commodities: Gold and cocoa higher, Chinese crude oil futures jump in market debut
Commodities drifted slightly lower at the start of the holiday-shortened week, despite ongoing weakness in the Greenback, although gold and cocoa extended their recent gains.
Broker tips: Rolls Royce, Fresnillo, Centamin, Randgold, Royal Bank of Scotland
Analysts at Credit Suisse have marked-up their target price on shares of Rolls Royce on expectations for operating profits to almost triple over the next four years.
Nostra Terra gains permit Permain Basin well
Oil and gas exploration and development company Nostra Terra announced on Monday that it has gained drilling approval for one of its locations in the Permain Basin, Texas.
SDX Energy spuds Egyptian well
North Africa-focused oil and gas company SDX Energy has spud its Ibn Yunus-1X exploration well at South Disouq, Egypt.
SolGold drilling programme discovers mineralised extensions in Ecuador
Copper and gold exploration company SolGold announced on Monday that its Alpala drilling programme has discovered strongly mineralised extensions.
Commodities: WTI jumps as traders price-in geopolitical premium after Bolton appointment
Brent crude oil futures pushed towards a fresh 52-week high on Friday alongside a fall in the Greenback back towards its own 52-week lows.
Serabi Gold shines as shares leap 30% following Greenstone's Investment
Gold exploration and production company Serabi Gold saw its shares leap by over 30% on Friday as news surfaced of a $15m investment from a private equity firm.
Beowulf wraps up drilling at Finnish asset
Mineral exploration and development company Beowulf Mining has completed ten holes and 1,577. 6 metres of diamond drilling at its Aitolampi graphite project in Finland, with a maiden resource estimate set to follow after the receipt of the drilling programme's assay results.
Trans-Siberian warns on profits after 'operational challenges'
Despite seeing total gold production for the year exceed its guidance, AIM-quoted miner Trans-Siberian Gold warned investors on Friday that profits would fall as a result of "operational challenges" experienced throughout the period.
Nighthawk Energy shares hit as workovers continue to hamper production
Nighthawk Energy shares dropped by over 5% on Friday after the company confirmed that it saw a 27% year-on-year fall in January output as maintenance work on wells interfered with schedules.
Europe close: Stocks take heavy hit from trade frictions
Stocks on the Continent got dinged on Thursday, weighed down by a slate of weaker-than-expected economic data ahead of the expected announcement of US trade tariffs against China later in the day.