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26 April 2021 | 09:15am StockMarketWire.com - Oil and gas production and development company EnQuest said it had signed a share purchase agreement with Whalsay Energy to purchase their 100.00% stake in the P1078 licence containing Bentley heavy-oil discovery. 'This discovery is within c.15 kilometres of the group's existing Kraken and Bressay operated interests, offering further long-term potential development opportunities and other synergies,' the company said. Completion of the deal would be depend on the satisfaction of a number of conditions precedent, including the UK Oil and Gas Auth...

14 April 2021 | 08:18am StockMarketWire.com - UK stocks eked out modest gains in early trading on Wednesday after a reasonably tame US inflation reading eased concerns about rising bond yields, offsetting a disappointing earnings release from Tesco. At 0816, the benchmark FTSE 100 index was up 8.28 points, or 0.1%, at 6,898.77. Supermarket group Tesco fell 3.6% to 223.75 as it reported a 20% drop in annual profit after rising grocery sales were offset by lower fuel sales, costs associated with adapting to the pandemic and a writedown at its banking operation. Tesco held its annual dividend st...

14 April 2021 | 07:18am StockMarketWire.com - Defence equipment supplier QinetiQ upgrading its annual guidance, citing stronger orders and margins in the fourth quarter. QinetiQ said it now expected to post an underlying operating profit for the year through March of at least £147 million. 'Full year order intake has been strong, and subject to audit, we expect to deliver high teens percentage revenue growth, high single-digit percentage revenue growth on an organic basis,' it said. Underlying operating profit margin was expected to be modestly ahead of that delivered in the first half. Net ...

FTSE 100 struggles for gains at midday as Tesco drags