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Tag: Tullow Oil

Report says gap between CEO pay and Irish worker is widening

A trade union study of executive salaries says the gap between the pay packets of chief executives and those of average workers is widening in most major Irish companies. The report – Because We’re Worth It: The Truth about CEO pay in Ireland – was carried out by the Irish Congress of Trade Unions (Ictu). […]

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Bumper year for changes at top of corporate Ireland

Kerry Group The third-largest company on the Iseq by market value, Kerry Group sticks to a tried and tested formula when it comes to succession at the helm. When Stan McCarthy, the group’s third chief executive since it was established in 1972, signalled in February that he was preparing to step down in September as […]

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Slow iPhone sales pushes European tech stocks down

There was very light volume traded on Wednesday as European markets closed the day up marginally while US indices were trading up despite a fall in the technology sector after reports of tepid sales for Apple’s iPhone X. Ireland’s benchmark Iseq overall index closed up by 0.05 per cent with little movement across the board, […]

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CRH and Ryanair rise in sluggish Dublin market

Major global stock markets were little changed on Wednesday, hovering near recent record highs, while US treasury yields held close to multi-month peaks as a $1.5 trillion US tax reform bill approached the finish line in Washington. The Republican-led US House of Representatives gave final approval to the legislation later on Wednesday, which would enact […]

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CRH and Ryanair rise in sluggishness Dublin market

Major global stock markets were little changed on Wednesday, hovering near recent record highs, while US treasury yields held close to multi-month peaks as a $1.5 trillion US tax reform bill approached the finish line in Washington. The Republican-led US House of Representatives gave final approval to the legislation later on Wednesday, which would enact […]

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Weak sterling boosts the FTSE 100 while European shares slipped back

The FTSE 100 emerged as a top performer among its European peers, boosted by an extended sterling sell-off linked to investor jitters around Brexit. London’s blue chip index rose 0.8 per cent, while continental indices suffered. The French Cac 40 and German Dax fell 0.23 per cent each. Technology and energy stocks gained in early […]

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United Oil records ‘positive results’ from Italian gas field

An energy company led by former Tullow Oil executives has recorded “positive results” after drilling one of its wells in Italy. United Oil & Gas, the London-listed explorer, has drilled its well on the Selva Gas field in Italy with the results indicating a “thick gas-bearing reservoir”. “We are very pleased with these initial well […]

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Tullow Oil upgraded to ‘buy’ after border dispute settled

Oil and gas exploration company Tullow Oil has been upgraded and given a “buy” rating by Bank of America Merrill Lynch (BofAML), with drilling on its flagship TEN project in Ghana to resume next year. Previously rated “neutral”, Tullow Oil stock now offers a “compelling investment case”, said BofAML. The bank said the resolution of […]

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Tullow Oil upgraded to ‘buy’ at Bank of America Merrill Lynch

Oil and gas exploration company Tullow Oil has been upgraded and given a ‘buy’ rating by Bank of America Merrill Lynch (BofAML) with drilling on its flagship TEN project to resume next year. Previously rated ‘neutral’, BofAML upgraded the stock saying it offers a “compelling investment case”. The bank said the resolution of a border […]

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US political turmoil sends shockwave through global markets

News late in the day that former US national security adviser Mike Flynn pleaded guilty to lying to the FBI, in its probe of alleged Russian meddling in the US presidential election, sent a shockwave through global markets. European shares had been on course to recover early losses and were heading into positive territory, until […]

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