Financial News · Live Terminal

Page 61 of 71

Royal Vopak Shareholders Approve FY25 Dividend

Koninklijke Vopak (VPK.AS) said Wednesday its shareholders approved the proposed dividend of 1.80 euros per share for 2025 at the annual general meeting held the same day.The dividend is payable on April 30. The tank storage company previously paid a dividend of 1.60 euros per share.

$VPK.AS

Equities62d ago

EU Moves to End Fossil Fuel Reliance with New AccelerateEU Plan

The European Commission on Wednesday introduced a comprehensive strategic package designed to shield the bloc's citizens from volatile fossil fuel markets while accelerating the transition to a "clean, homegrown energy."The AccelerateEU strategy outlines immediate relief measures, including the establishment of a new Fuel Observatory to monitor stocks and prevent shortages, along with targeted financial support, including energy vouchers and tax breaks for vulnerable households. Addressing long-term independence, the commission plans to present an Electrification Action Plan by the summer of 2026, aiming to replace oil and gas with renewables across the industrial, building and transport segments.To fund the transition, which requires an estimated 660 billion euros in annual investment through 2030, the commission intends to leverage existing resources, such as the Recovery and Resilience Facility, alongside private financing.The proposal follows calls from European Union leaders as oil prices surged due to the conflict in the Middle East. The measures are expected to be discussed at the Informal European Council in Cyprus from Thursday to Friday.

^SXXP

Equities62d ago

Market Chatter: Exxon Mobil Weighs Divestment of Hong Kong Fuel Retail Business

Exxon Mobil (XOM) is considering a sale of its Esso-branded gas station network in Hong Kong, with the assets valued at about $500 million to $600 million, Bloomberg reported Wednesday, citing people familiar with the matter.The move is part of Exxon's broader effort to streamline its global retail footprint as it reviews downstream assets in markets including France, New Zealand, and Hong Kong, the report said.Exxon Mobil didn't immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$XOM

Equities62d ago

Scotiabank Adjusts Price Target on Chevron to $187 From $168, Maintains Sector Perform Rating

Chevron (CVX) has an average rating of overweight and mean price target of $211.17, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CVX

Equities62d ago

Scotiabank Adjusts Price Target on Exxon Mobil to $163 From $128, Maintains Sector Outperform Rating

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $165.35, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$XOM

Equities62d ago

Prospex Energy Wins Second Onshore License in Poland

Prospex Energy (PXEN.L) said Wednesday its unit PXEN Tatra secured the Dunajec onshore license area in southern Poland, marking its second license award in the country.The gas and power-focused investor intends to deploy modern imaging, evaluation and development techniques to support resource discovery and development at the site, which sits within one of the most prolific gas regions in Poland.The license area also includes a shallow undeveloped oil discovery with potential for near-term commercialization.

$PXEN.L

Equities62d ago

Dana Gas Resumes Trading on Abu Dhabi Bourse

Dana Gas (ADX:DANA) recommenced trading on the Abu Dhabi bourse on Wednesday, according to a same-day notice.The trading suspension started Tuesday and was lifted after the natural gas company disclosed its meeting results.

ADX:DANA

Equities62d ago

EnQuest Prices $675 Million Notes Due 2031

EnQuest (ENQ.L) priced its offering of $675 million worth of 9.875% senior notes due 2031 at an issue price of 99.038%, according to a Wednesday filing.The British energy transition company will use the proceeds to redeem $465 million of its senior notes due 2027, while strengthening liquidity and supporting general corporate purposes.A portion of the proceeds will also be allocated to fees and costs related to the offering.

$ENQ.L

Equities62d ago

AkzoNobel Kept at Buy as Berenberg Notes 'Good Way' to Invest in Potential Iran War De-escalation

Berenberg maintained its buy rating on AkzoNobel (AKZA.AS), saying the paint and coatings company's shares present a "good way to invest" in the potential de-escalation of the conflict in Iran."Paint and coatings names usually benefit when oil prices are lower, owing to the ability to expand margins with lower raw material costs. Every USD10/barrel share decline in oil price has historically been associated with a EUR3/share increase in AkzoNobel's share price. Oil futures curves foresee a USD20/barrel decline over the next two years to cUSD75/barrel. We remain Buy-rated, but trim our price target to EUR66 (from EUR75)," analysts said in a Tuesday note.The research firm also highlighted the ongoing progress in the Dutch company's merger with US-based paint manufacturer Axalta Coating Systems, with analysts expecting the latter to help AkzoNobel with its cost management, an area the company has "struggled" with at times.On the financials side, analysts reduced their EPS estimates for 2026 through 2028 to account for "modestly lower" volumes, particularly in Europe. Conversely, Berenberg raised its sales forecast for AkzoNobel over the same three-year period.

$AKZA.AS

Equities62d ago

Helium Exploration Group Rift Helium Kicks off Trading on London Bourse

Helium exploration and development company Rift Helium (RIFT.L) started trading on the London stock exchanges' AIM segment on Wednesday, according to a same-day filing.Rift Helium also raised 8.1 million pounds sterling through a share placement and subscription of 80,855,000 new shares. The company has 134,142,041 shares in issue and a market cap of 13.4 million pounds.

$RIFT.L

Equities62d ago

Haffner Energy to Participate in Two Indian Infrastructure, Clean Technology Projects

Haffner Energy (ALHAF.PA) said Tuesday it will supply its proprietary technology for two large-scale infrastructure and clean technology projects in India.The Indian Maharashtra state government signed a 15 billion-euro deal with JW Global Group and The Seed Consortium Partners to invest in four infrastructure and clean technology projects. The French clean energy company will be a green-hydrogen technology partner for two of the projects.For a 1.4-gigawatt AI-focused campus and data center, representing 10.4 billion euros in investment, Haffner Energy will support the production of renewable hydrogen and energy from local residual biomass resources. It will also supply its Synoca biomass gasification technology for a 280 million-euro green-hydrogen production plant.

$ALHAF.PA

Equities62d ago

UK Strengthens Energy Regulator's Powers to Protect Consumers

The UK government implemented a comprehensive overhaul of the Office of Gas and Electricity Markets, or Ofgem, to boost the regulator's capabilities to protect consumers.According to a Wednesday public notice, the reforms marked the first major update in the energy regulator's mandate since it was established in the year 2000.The overhaul gave the regulator new powers, including the capability to directly enforce consumer law, measures to ban energy company bonuses if they break the rules, and streamline its remit to increase focus on economic and consumer protection.

FTSE 100

Equities63d ago

EQT Q1 Adjusted Earnings, Revenue Rise

EQT (EQT) reported Q1 adjusted earnings late Tuesday of $2.33 per diluted share, up from $1.18 a year earlier.Analysts surveyed by FactSet expected $2.08.Total operating revenue for the three months ended March 31 was $3.38 billion, up from $1.74 billion a year earlier.Analysts polled by FactSet expected $3.22 billion.

$EQT

Equities63d ago

US Extends Ceasefire With Iran, Trump Says

US President Donald Trump said in a Truth Social post that the US will extend its ceasefire with Iran at Pakistan's request.Trump also said Tuesday he has ordered the US to continue the blockade on the Strait of Hormuz.Plans for diplomatic talks had been scrapped.

Equities63d ago

Magnora Proposes Successor to Outgoing Chairman

Magnora (MGN.OL) said Tuesday that Chairman Torstein Sanness will step down but remain an adviser to the company.The renewable energy group's nomination committee proposed the appointment of board member John Hamilton as the new chairman, subject to shareholder approval at the annual general meeting on May 12.Magnora noted that Hamilton is also the chief executive officer of oil and gas company Panoro Energy (PEN.OL).

$MGN.OL$PEN.OL

Equities63d ago

Sunoco Boosts Quarterly Dividend by $0.0582 to $0.9899 per Unit, Payable May 20 to Holders of Record as of May 8

$SUN$SUNC

Equities63d ago

Susquehanna Adjusts Price Target on Diamondback Energy to $231 From $199, Maintains Positive Rating

Diamondback Energy (FANG) has an average rating of overweight and mean price target of $221.41, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$FANG

Equities63d ago

Susquehanna Adjusts Price Target on EOG Resources to $162 From $144, Maintains Positive Rating

EOG Resources (EOG) has an average rating of overweight and mean price target of $154.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$EOG

Equities63d ago

Susquehanna Adjusts Price Target on Coterra Energy to $40 From $34, Maintains Positive Rating

Coterra Energy (CTRA) has an average rating of overweight and mean price target of $36.91, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CTRA

Equities63d ago

Dana Gas OKs Higher FY25 Cash Dividend

Dana Gas (ADX:DANA) shareholders approved a cash dividend of 0.065 dirhams per share for 2025.The Abu Dhabi-listed company said Tuesday the dividend increased 18% year over year on the back of its improved financial position.

ADX:DANA

Showing 1201-1220 of 1413