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BG Group PLC

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  • *Credit Suisse surges after naming new CEO. LONDON, March 10- European shares slipped further on Tuesday from a seven-year high after sharply weaker oil and metals prices pulled down commodities stocks, although Credit Suisse rallied after naming a new chief executive. "Credit Suisse has had different issues throughout the years and someone with a diverse...

  • *Credit Suisse surges after naming new CEO. LONDON, March 10- European shares slipped further away from a recent seven-year high on Tuesday as a sharp decline in crude oil and metals prices hit commodities stocks, although a rally in Credit Suisse capped market losses. "Credit Suisse has had different issues throughout the years and someone with a diverse...

  • *Credit Suisse surges after naming new CEO. LONDON, March 10- European shares slipped further away from a recent seven-year high on Tuesday as weaker oil and metals prices hit commodities stocks, but a rally in Credit Suisse limited market losses. "Credit Suisse has had different issues throughout the years and someone with a diverse background could look at its...

  • FACTBOX-Britain's FTSE 100 sets record high Tuesday, 24 Feb 2015 | 12:02 PM ET

    LONDON, Feb 24- Britain's blue-chip FTSE 100 share index hit a record high of 6,958.89 points on Tuesday. *The market capitalisation of the FTSE 100 constituents is currently 1.9 trillion pounds, against 164 billion pounds in December 1985, the first available data. Today, oil companies make up about 15 percent of the FTSE 100, against about 12 percent in 1999,...

  • *Q4 adjusted loss 23 cents/ share vs est 32 cents. Feb 12- Rig contractor Hercules Offshore Inc said it slashed its workforce by nearly a third and cut salaries, as the company keeps a tight leash on costs to counter a fall in demand due to a slump in crude oil prices. Oil and gas producers, drillers and services providers such as Cenovus Energy Inc, BG Group Plc,...

  • Feb 10- Canada's Talisman Energy Inc, which in December agreed to be bought by Spanish peer Repsol, reported a bigger quarterly loss after it wrote down the value of some assets by about $1.37 billion amid a steep fall in crude prices. A 50 percent fall in oil prices since June has dented the value of a number of fields, prompting companies such as Britain's BG Group...

  • Weaker oil stocks hit European equities, UBS drops Tuesday, 10 Feb 2015 | 4:44 AM ET

    LONDON, Feb 10- European shares fell for a second day on Tuesday, with energy stocks hurt most after crude prices slid again on concerns about oil demand in China. "It's difficult to see a big recovery in oil prices in the near term as the upside is limited in the current environment because of the huge supply glut," Peter Dixon, equity strategist at Commerzbank, said,...

  • *Also hope he can copy asset sale success of Statoil. LONDON, Feb 9- Britain's BG Group rushed in its new chief executive nearly a month early on Monday after reporting a $6 billion writedown last week that underlined the huge turnaround task he faces. Helge Lund, Statoil's former CEO, will have to work against the clock if he is to replicate the success he wrought...

  • LONDON, Feb 9- Helge Lund began work as the new chief executive of BG Group on Monday, joining the oil and gas firm three weeks earlier than expected to help it restructure in the face of slumping oil prices. Lund, who had been due to join the firm on March 2, joins the group a week after it wrote down the value of its business by $6 billion, forcing it to cut budgets and jobs...

  • Lund starts new BG CEO role early Monday, 9 Feb 2015 | 2:13 AM ET

    LONDON, Feb 9- Helge Lund began work as the new chief executive of BG Group on Monday, joining the oil and gas firm three weeks earlier than expected after gaining agreement from his previous employer Statoil. Lund had been due to join the firm on March 2. BG said Andrew Gould, who had been serving as interim executive chairman of BG since April 2014, would return to his...

  • OSLO, Feb 4- Norwegian energy group Statoil has persuaded 35- year company veteran Eldar Saetre to take over as chief executive despite his initial reluctance, seeing him as a safe pair of hands during a challenging time for the oil sector. The Statoil board has been criticized by some analysts and media for not having a succession plan in place when Helge Lund...

  • *FY op profit down 14 percent to $6.5 billion. *Net earnings down 8 percent to $4 billion. LONDON, Feb 3- BG Group Plc has written $6 billion off the value of its oil and gas business in the fourth quarter to reflect the slump in the price of oil, forcing it to cut budgets and jobs this year.

  • LONDON, Feb 3- Britain's BG Group wrote down the value of its business by nearly $6 billion in 2014 on the back of the steep drop in oil prices, forcing it to slash its 2015 investment budget by around 30 percent compared to the prior year. After years of high investments in new projects mainly in Australia and Brazil the group plans to reduce its capital expenditure...

  • BG books $6 billion impairment charge on weak oil Tuesday, 3 Feb 2015 | 2:22 AM ET

    LONDON, Feb 3- Britain's third-biggest energy company BG Group booked nearly $6 billion worth of impairment charges in 2014 on the back of the steep drop in oil prices, forcing it to slash its 2015 investment budget to $6- 7 billion. The group's full-year total operating profit fell 14 percent year on year to $6.5 billion, while earnings slipped 8 percent to $4...

  • *Half of the assets on sale are in North America. *North Sea could prove a hard sell. LONDON, Jan 30- With more than $110 billion of oil and gas assets on the block as companies big and small count the cost of the collapse in oil prices, it is now a question of who will blink first to set the M&A scramble in motion.

  • *Athens market closed on Tuesday but Greece still a concern. Strong December industry sales data from the United States boosted car makers with Fiat Chrysler Automobiles, the most exposed Europe- listed manufacturer, up 2 percent. The STOXX Europe 600 Auto& parts index rose 1 percent, the best performing sector in Europe.

  • JERUSALEM, Jan 6- New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk. But investor concern intensified in late December when the antitrust authority declared that stakeholders in two large natural gas fields-- Israel's Delek Group and...

  • *FTSE 100, DAX and CAC all slip lower. The pan-European FTSEurofirst 300 index slipped 0.1 percent to 1,367.52 points by midsession and early gains on benchmark indexes in France, Germany and Britain all ebbed away. Germany's DAX fell 0.7 percent, France's CAC was down by 0.1 percent while Britain's FTSE 100 also retreated 0.1 percent.

  • The pan-European FTSEurofirst 300 index was down 0.5 percent by 0909 GMT, with benchmark indexes in France, Germany and Britain all reversing early gains after a survey showed eurozone output, new orders and employment all recorded sluggish growth at the end of 2014.. Although all national bourses were open except Switzerland and Hungary, traders said quiet...

  • BG Group receives $350 mln payment from Egypt Friday, 2 Jan 2015 | 2:14 AM ET

    LONDON, Jan 2- Britain's BG Group said on Friday it had received a $350 million payment from the Egyptian government following the country's decision to repay outstanding debts to the energy industry. Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability since a popular uprising ousted autocrat...