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FTSE100 closes lower as traders weigh US inflation data
Britain's blue chip benchmark closed lower as US shares went downhill after the release of inflation data and the price of crude fell again.
Company
LON:88E
88 Energy Ltd is a multi-listed oil and gas exploration and production company with a North American focus. The company has operator exploration and appraisal projects in onshore Alaska and non-operator exploration in onshore Namibia. It has been operating on the North Slope of Alaska since 2015, successfully drilling multiple exploration wells and acquiring extensive seismic data across a large acreage position.
912 stories · page 38 of 46
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Britain's blue chip benchmark closed lower as US shares went downhill after the release of inflation data and the price of crude fell again.
The AIM quoted shares advanced more than 300% this week following the release of the latest results from the Icewine well.
Main share price risers and fallers in London at 4pm
Below are the main news-driven share price changes at 1.00pm.
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Everything appears to being going to plan for 88 Energy in Alaska...
APRIL 22: 88 Energy unveiled a larger than anticipated equity funding, after it saw high levels of demand from ‘high calibre’ investors.
A tremendous boost for Premier African Minerals, the operator and 49% stakeholder in the RHA tungsten project, which has had a financing offer from local financial institution.
Next phase of the project will include the drilling of a horizontal well with a multi-stage fracture stimulation
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As global blue-chip equity markets capitulated, the London’s AIM market unsurprisingly remained on the back-foot, naturally though there were plenty of lowlights and highlights to spur trading on a stock-by-stock basis.
Investments and investor services
It was the top-share index's best day since August of last year
FTSE100 continued to build on gains as US futures point to a positive open Stateside and Rolls Royce (LON:RR.) cheered the market.
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UK shares finished higher on Wednesday as European indices also rose and as Fed chair Janet Yellen outlined the Central Bank's take on the global economy. .
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A summary of the main stories on the Proactive newswire today
The FTSE 100 Index climbed 60 points to 5692 as banks regained their poise
Investments and investor services
The FTSE 100 Index ticked up 62.77 points to 5694 in early trading
Film studios operator Pinewood Group mulls putting itself up for sale, while toys group Hornby goes off the rails again
Better than expected permeability test results mean two of three potential ‘Achilles heels’ have now been crossed off for the new HRZ shale play in Alaska.