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15:13
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FTSE 100 movers: BP and Shell rally on oil price spike; Carnival cruises lower

London's FTSE 100 was down 0. 3% at 7,343. 87 in afternoon trade on Monday, with energy shares bucking the trend.

15:05
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Drone attacks more than halve Saudi crude oil output

Oil prices are expected to surge higher at the start of the week following an attack by armed drones against the largest crude oil crude-processing installation in the world, at Abqaiq, in Saudi Arabia, at the weekend.

14:53
ep petroleo portada
Saudi-led coalition says Iranian weapons used in attack against oil installations

The spokesman of the Saudi-led coalition in Yemen, Turki Al-Maliki, said Iranian weapons were used in the strikes against the Kingdom's oil infrastructure at the weekend.

14:31
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EQTEC taps David Palumbo to replace CEO Ian Price

Bioscience firm Eqtec named David Palumbo as chief executive officer on Monday after current CEO Ian Price stepped down from the board after just over a year.

14:29
ep petroleo portada
Europe midday: Stocks dip as crude futures surge after attack on Saudi

Stocks are holding modestly lower as investors try and assess the scope for further mischief in the Middle East following drone attacks at the weekend that more than halved oil output from Saudi Arabia's, one of the world's largest producers.

14:28
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Empire State index dips unexpectedly in September

Factory sector activity in the jurisdiction of the Federal Reserve bank of New York was little changed in September.

13:28
nyse port
US pre-open: Futures point to losses following attack on Saudi Arabian oilfield

Wall Street futures had stocks opening weaker on Monday after an attack on a Saudi Arabian oilfield and the country's key processing facility sparked fears that a surge in crude prices could trigger a slowdown in the global economy.

13:24
schroders building
Monday broker round-up

Schroders: Jefferies downgrades to hold with a target price of 3,100p.

13:23
London Stock Exchange, markets, traders, trading, City, shares
Vaalco Energy to list in London

Texan oil company Vaalco Energy is seeking a secondary listing on the London Stock Exchange.

13:21
Fish Fishing sea sunset
Angling Direct opens 30th UK store; summer trading solid

Fishing retailer Angling Direct said on Monday that trading over the summer was solid as it announced the opening of its 30th UK store in Milton Keynes.

13:19
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46,000 UAW workers go on strike against General Motors

Members of America's United Auto Workers union went on strike against General Motors, marking the first industrial action in the sector in 12 years.

13:13
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Cobham shareholders back $5bn US takeover

Shareholders in British aerospace and defence company Cobham have backed a $5. 0bn takeover by an American private equity firm.

13:01
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Jefferies skeptical Yemen rebels responsible for attack on Saudi oil

Analysts at Jefferies sounded a skeptical note on Yemeni Houthi Rebels' claim of responsibility for the drone attack at the weekend against key Saudi oil installations.

12:57
gleeson
MJ Gleeson profits rise amid 'extremely strong' demand

Urban regeneration and land development group MJ Gleeson reported a jump in annual profit and revenue and lifted its dividend on Monday thanks to "extremely strong" demand for its homes.

12:34
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Jefferies 'bullish' on energy after US Treasury curve steepening

Equity strategists at Jefferies upgraded their recommendation for Energy stocks to 'bullish' on the back of the shift higher in the US Treasury yield curve over the preceding week.

12:12
london skyline thames
London midday: Stocks drop but energy gains cap losses after Saudi attacks

London stocks were still a little weaker by midday on Monday amid heightened geopolitical tensions in the Middle East and following the release of disappointing Chinese data, although strength in the energy sector kept a cap on losses.

11:46
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Ovoca Bio narrows losses as BP-101 trials continue

Biopharmaceutical firm Ovoca Bio narrowed losses slightly in the first half of its trading year, while focus remained firmly on its continued development of a treatment for female sexual dysfunction.

11:45
Finsbury Food cake
Finsbury Food 'confident' of continued momentum, raises dividend

UK baker Finsbury Food upped its dividend on Monday as it told investors that the strong growth seen in the tail end of its last trading year looked set to continue over the next twelve months.

11:44
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OxyContin maker Purdue files for bankruptcy

Under-fire American drugs company Purdue Pharma has filed for bankruptcy as it looks to settle thousands of opioid-related lawsuits.

11:40
Location Sciences agrees contract with Vicinity Media

Mobile location data specialist Location Sciences has agreed a 12-month contract with Vicinity Media, Africa's first premium location-based ad network.