Stock Futures

Dana Petroleum jumps after Egyptian oil discovery Dana Petroleum jumps after Egyptian oil discovery

Dana Petroleum, currently being stalked by Korea National Oil Corporation, has issued another upbeat announcement. KNOC has offered £18 a share for Dana - valuing the company at £1.67bn - and is said to be close to finalising funding for the deal. Dana has advised shareholders to take no action and is believed to be holding out for a higher bid of... [Read more of this review]

Shares slide as US GDP disappoints Shares slide as US GDP disappoints

Markets are on the slide again after new figures showed the US recession was deeper than previously thought. In the second quarter US GDP grew by 2.4%, compared to analysts’ expectation of around 2.6%. Business investment was higher, but so were imports. Meanwhile the first quarter figure was revised upwards from 2.7% to 3.7%, and the US economy... [Read more of this review]

Shire slips after downgrade while FTSE fades on US GDP data Shire slips after downgrade while FTSE fades on US GDP data

Shire has come under pressure ahead of next week’s results and imminent news from a US study into treatments for attention-deficit hyperactivity disorder (ADHD). The study, commissioned by the US Food and Drug Administration in 2007, is looking at the potential increased risk of heart attack and involves drugs such as Shire’s Adderall and... [Read more of this review]

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