News

BP in talks to buy Devon assets for $6bn
BP is set to make its first move into the deep waters off the coast of Brazil, one of the world's most exciting areas for oil exploration, with a $6bn deal to buy international oil and gas assets put up for sale by Devon Energy of the US

South Korea eyes nuclear push in Turkey
Seoul's plans to become a global player in the nuclear industry have been boosted by the signing of a co-operation agreement between the two countries' state power companies

Lone path to growth for African Barrick
The spin-off grouping of four mines, a 'safe way to play gold with the backing of a tier 1 gold company', aims to produce 1m ounces a year by 2014

Glencore forecasts bumpy year as profits fall
World's largest commodities trader unveils a 42% per cent fall in its profits last year, but said rising commodities prices has lifted its profitability in the second half

Tullow names investors for Ugandan assets
FTSE 100 oil group upgrades forecasts for Ghana project as it reports sharp fall in pre-tax profits due to lower production volumes and falling commodity prices

Eon tones down outlook for 2010
World's largest utility by sales gives a muted outlook for 2010 earnings as the economic crisis hits energy prices and demand

Laird shares slide as dividend slashed
The electronic components maker cut its annual pay-out more than 40 per cent as it reported a sharp fall in 2009 pre-tax profits

Ferrous considers $3bn-$4bn London flotation
Ferrous Resources, the emerging Brazilian iron ore producer, has revived plans for a London flotation that could be worth $3bn-$4bn

IP's GDF deal 'fell on valuations'
The UK-based electricity group said merger talks with GDF Suez foundered because the companies were unable to agree terms

Hargreaves and UK Coal in deep mines talks
UK Coal is investigating an approach that could address the group's exposure to the volatile performance of its deep mines through a merger