Hints and tips:
...Naked Brands’ chair and chief executive, Australian Justin Davis-Rice, was second only to AMC’s Aron in quickly spotting the fundraising opportunity....
...Frieda Hughes is an artist, poet and author. “George: A Magpie Memoir” is out now from Profile Books Follow @FTMag on Twitter to find out about our latest stories first...
...jennifer.hughes@ft.com...
...“[Asset managers] have adopted uniform practices around the world and I don’t see them going back on that,” said Justin Schack, head of global market structure at Rosenblatt Securities....
...Myles picks over the first-quarter earnings from Baker Hughes — and tells us what to expect from the energy sector this quarter....
...On Friday, the number of onshore rigs fell again, according to Baker Hughes — marking the biggest monthly drop since June 2020, when oil prices were crashing and producers were forced to shut wells, slash...
...It was a very different story for Baker Hughes, however, which was dogged by an inability to get parts on time and a protracted withdrawal from Russia. Its shares slumped yesterday....
...Fiona McBain will stand down as chair after this year’s annual meeting, to be succeeded by senior independent director Justin Dowley....
...Russia also made up about 5 per cent of Baker Hughes’ revenues, Brian Worrell, its chief financial officer, told analysts recently....
...Baker Hughes’ chief executive Lorenzo Simonelli called it the “most challenging supply chain and inflationary environment we have seen in several decades”....
...The rig count is up 20 per cent since the start of the year and nearly 60 per cent over the past 12 months, according to data from Baker Hughes, one of the oilfield services companies....
...This increasingly insane divergence was a big subject in an interesting Q3 letter to investors from Justin Hughes at Phase 2 Partners, a San Francisco investment firm, which someone kindly sent us. . ....
...Justin digs into western groups’ pullback from the country and what it could mean for the future of Russian energy....
...The inflation and supply chain problems saw Baker Hughes’ revenue dip in to $5.09bn from $5.14bn in the second quarter, even amid surging oil and gas prices....
...Baker Hughes said 332 rigs were operating in the Permian last week, up almost 50 per cent since this time last year, but still well below a peak of more than 550 at the height of the shale boom in 2014....
...(Justin Jacobs) Data Drill The US oil and gas industry is feeling optimistic about 2022....
...Less than six months ago, Baker Hughes was trumpeting a venture with Rosneft, the Russian state-controlled company from which BP just divested. Halliburton and Schlumberger are also in Russia....
...Baker Hughes, one of the world’s largest oilfields services companies, missed Wall Street expectations with a smaller-than-expected second-quarter profit even as activity in the oil and gas patch continued...
...Phase 2 Partners, a US hedge fund led by investor Justin Hughes, has written to TP ICAP chair Richard Berliand urging him to appoint advisers and consider strategic alternatives so “long-suffering shareholders...
...(Justin Jacobs) Opinion: No need to panic about natural gas European governments should not overreact to the painful shortages in fossil fuel markets....
...number of rigs drilling for new oil and gas wells, a key indicator of industry health, has grown steadily to 533, nearly double what it was this time last year, according to oilfield services company Baker Hughes...
...(Justin Jacobs) Data Drill Global energy consumption and emissions are poised for decades of more growth....
...(Justin Jacobs) Video: President Biden’s net zero revolution Data Drill Tomorrow marks the kick-off of the highly anticipated Tokyo Olympics....
...Following results from rivals Baker Hughes and Halliburton on Thursday, Schlumberger on Friday reported a fall in fourth-quarter revenue but beat analyst forecasts for net income and earnings per share....
...Endnote Baker Hughes and Halliburton, two oilfield services companies, both beat earnings estimates yesterday as they reported first-quarter results....
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