Parkmead Group Plc, the U.K. oil company run by former Dana Petroleum Plc Chief Executive Officer Tom Cross, raised $66 million to fund its North Sea expansion.
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.
The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets. Stock symbols are in parentheses and prices are from the last market close.
U.K. stocks advanced, with the benchmark FTSE 100 Index rebounding from a ten-month low, as basic-resources companies rallied and Dana Petroleum Plc received a takeover approach.
Dana Petroleum Plc, the U.K. explorer acquired by Korea National Oil Corp. in 2010, plans to raise its stake in a North Sea oilfield, increasing its production from the area by more than seven times.
Korea National Oil Corp. , the state- owned energy company engaged in a $2.6 billion hostile takeover battle for Dana Petroleum Plc , said its offer is final.
Korea National Oil Corp. President Kang Young Won had a message for investment bankers pitching acquisition targets for the state-owned company early this year: Be mindful of competition from China.
Dana Petroleum Plc , a U.K. oil and gas explorer, surged the most in 19 months in London trading after a takeover approach from Korea National Oil Corp.
European stocks gained, rebounding from a five-week low for the Stoxx Europe 600 Index, as the U.S. jobless rate unexpectedly declined.
The women squeezed together in an open truck as it left a Cairo warehouse, each clinging to a canister of subsidized cooking gas. Dozens more waited in line.