Tom Frew

Plans to sell 30om GM shares The U.S. Department of the Treasury has announced the next step in its plan to sell its approximately 241.7 million remaining shares of General Motors (GM) common stock with the initiation of a second pre-defined written trading plan. “TARP’s emergency support to GM during the financial crisis was necessary […]

Profit up 2% on previous year BT have announced an annual profit of £2.5bn for the year up until 31 March, but said that revenue had fallen by 5% to £18bn. Commenting on the results Ian Livingstone, BT’s Chief Exectuive, argued that the results showed that the company had “a lot more to do but […]

General Motors Co. has announced it has filed a selling shareholders shelf registration statement with the Securities and Exchange Commission registering GM common stock and warrants. The registration statement will allow selling shareholders to sell registered securities in a public offering.  GM is not currently aware of any specific plans regarding an offering by any […]

Deal will supply gas throughout the UAE Shell has been chosen by the Abu Dhabi National Oil Company (ADNOC) to participate in a 30-year joint venture (JV) to develop the major Bab sour gas reservoirs in the Emirate of Abu Dhabi. Shell will hold a 40% equity stake in the JV, with ADNOC holding 60%. […]

Announcing their Q1 results BP have argued that “Underlying replacement cost profit for the quarter was $4.2 billion, compared to $3.9 billion in the fourth quarter and $4.7 billion in the first quarter of 2012”. Operating cash flow in the quarter was $4.0 billion, compared with $3.4 billion in the first quarter of 2012. BP […]

The bank will receive shares equivalent to approximately 1.8 per cent of the total issued share capital as part of the deal. Lloyds Banking Group have announced that it will sell its Spanish retail banking operations, including Lloyds Bank International S.A.U and Lloyds Investment España SGIIC S.A.U, to Banco Sabadell, S.A (Banco Sabadell). The sale […]

Profits translate to a 1% increase on Q1 of 2012 ExxonMobil have announced that their 2013 Q1 earnings of $9,500 million form a $50 million, or 1%, increase from the first quarter of 2012. Earnings per share (assuming dilution) were $2.12, an increase of 6%. In a statement the company further reported that: Capital and […]

Initial phase to produce 110,000 barrels per day Exxon Mobil Corporation announced today the startup of the Kearl oil sands project in Alberta, Canada, which incorporates technological innovations to enhance environmental performance while enabling long-term production to meet future energy demand. “Kearl will access 4.6 billion barrels of resource that will meet energy needs for […]

Brokerage firm argues listing is a “great opportunity” Holly Su Futures Hong Kong Co., a leading futures and options brokerage in China, has joined NYSE Liffe, the European based global derivatives division of NYSE Euronext, as member of the Exchange’s London market. Membership of NYSE Liffe will enable customers of Holly Su Futures to access […]

Announced by the NYSE SAD has just issued €45 million in “Benfica SAD 2016” bonds, a highly successful operation where the demand surpassed the offer in over 10 million bonds just on the first sale day. In global terms, the demand exceeded 3.5 times the offer of 9.000.000 bonds at a nominal value of  €5, […]