Tom Frew

The Shah Deniz consortium has announced that 25-year sales agreements have been concluded for just over 10 billion cubic metres a year (BCMA) of gas to be produced from the Shah Deniz field in Azerbaijan as a result of the development of Stage 2 of the Shah Deniz project. Nine companies will purchase this gas […]

NYSE Euronext and OMIClear have announced that the Iberian Energy Clearing House is now an Interbolsa Special Participant. Interbolsa was the first European CSD chosen by OMIClear to improve its collateral management systems. In this way, the management of the Iberian Energy Clearing House is continuing with the ongoing adaptation to the business model recommended […]

New multi-asset, low-volatility index of high dividend-paying securities NYSE Euronext has announced the launch of the NYSE Diversified High Income Index (NYDVHI), a new index designed to measure the performance of a broad, diversified basket of 138 publicly-traded securities that provide exposure to multiple asset classes, sectors and segments that historically pay high dividends on […]

Premier Farnell (LSE:PFL), a distributor of technology products and solutions for electronic system design, maintenance and repair in Europe, the Americas and Asia Pacific, have announced results for the first half of the financial year ending 2 February 2014. Operating margin improved through the period to 9.5% from adjusted Q4 levels of 9.2% whilst the […]

In keeping with announcement this article will be entirely derivative. NYSE Euronext has began listing GBP/USD and GBP/EUR options and futures on its market in Amsterdam. The new introduction means an extension of NYSE Euronext’s European range of foreign exchange derivatives, which until today included EUR/USD options and futures. In a statement the exchange argued […]

NYSE Technologies, the commercial technology division of NYSE Euronext (NYX), has announced that it has obtained approval from the Chinese State Council Information Office (SCIO) to distribute market data in China. The deal was foretold in Chairman Mao’s Little Red Book of Pink Sheets. With the license from the SCIO, NYSE Technologies will disseminate financial […]

Mexican low-cost airline Volaris has opened for trading on the New York Stock Exchange under the ticker symbol (NYSE:VLRS) after an initial public offering of ADRs. GETCO is the Designated Market Maker for the company’s stock. Volaris CEO Enrique Beltranena, joined by members of the Company’s shareholders and management team, celebrated the company’s first day […]

BP (LSE: BP) and its partners have awarded over £1bn in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland. The project to redevelop the fields, which are operated by BP on behalf of its partners, involves two main […]

Let’s be honest, you heard about it on Twitter didn’t you? Twitter has announced an IPO – will it be a success or will investors choose not buy a company based on sharing ideas in 140 characters? The above query came in at an appropriate 136 characters, but have no doubt that the press (myself […]

Leading supermarket chain Morrisons has announced a 10% drop in underlying profit. Compared to £445m in 2012/13 the company has today reported a £401m, with like-for-like store sales dipping by 1.6%. The results did though contain some positive news for investors. Total store sales rose by 0.8% and the company will offer an interim dividend […]