FTSE 100 News

Anglo-Australian mining firm, Rio Tinto (LSE:RIO) said its Pilbara mining operations has achieved its optimum run rate of 290 million tonnes a year (Mt/a) two months ahead of schedule. The company earlier stated Pilbara will reach its nameplate capacity during the second half of the year. In a statement, Rio Tinto’s Chief Executive Andrew Harding […]

About 14,000 jobs will be lost by the end of 2014 at Barclays (LSE:BARC) as the bank revealed its earlier promised strategy moving forward after adjusted profits for the first quarter of this year fell. In a statement today, Barclays said half of the job cuts will come from the group’s investment arm, which saw […]

Shares of Barclays plc (LSE:BARC) fell at the opening of trading in London on Tuesday, after the UK bank revealed its adjusted profit before tax for the first quarter of 2014 were hit by lower revenue from its investment arm. In a statement, Barclays said adjusted profit before tax fell five percent to £1.693 billion. […]

A year after Glencore and Xstrata merged into one of the world’s largest commodity trading and mining company, the Anglo-Swiss London-listed firm reported today its first full year production. Saved for zinc, production of every other natural resource that the FTSE 100 company mines was up. “Marketing performance during the quarter, across all business segments, […]

Profits of BP (LSE:BP.) for the first quarter of the year fell almost a fourth compared to the same period in 2013 but the oil giant announced it will issue quarterly dividend higher than a year ago, the London-listed firm said early Tuesday. In a statement, BP posted US$ 3.2 billion for the January – […]

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The UK Financial Investments Limited, Britain’s manager of Government assets in the Royal Bank of Scotland (LSE:RBS) will vote against any proposal which would give bonuses to the bank’s executives up to twice as much as their salaries, the Board of the Royal Bank of Scotland told Friday. 81-percent government-owned RBS had earlier contemplated, in […]

Tullow Oil (LSE:TLW) has decided to plug and abandon its second exploration well offshore of Mauritania after tit failed to show hydrocarbon, the independent oil and gas explorer said Friday. In a statement, the FTSE 100 oil producer said the Tapendar-1 well, which was drilled to test two targets, encountered water-bearing sands in one and […]

The usual, quiet, long Easter weekend has passed and the markets have opened to a roar from the pharmaceutical sector that one would expect to accompany the announcement of a new drug that both cures cancer and encourages erections that last more than four hours. Let’s identify the companies first, then try to sort it […]

Royal Dutch Shell (LSE:RDSA) (LSE:RDSB) successfully drilled a new gas discovery off the coast of Malaysia, the petroleum giant announced today. In a statement, Shell reported it encountered 450 metres of gas column after drilling Rosmari-1 to a depth of 2,123 metres, 135 kilometres off the coast of Sarawak state, in the island of Borneo. […]