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...News round-up Activist fund Elliott seeks board seats at oil refiner Phillips 66 (FT) Castore scores £950mn valuation after Raine-led funding round (FT) Farfetch shares plunge despite talk of founder...
...Berkshire also cut its holdings in Phillips 66 and Wells Fargo. The 13F also showed Omaha, Nebraska-based company grew its stake in Goldman Sachs by 21 per cent to 13.2m shares valued at $2.9bn....
...Bradley Phillips joins from Herbert Smith Freehills, the law firm, where he was a tax partner....
...Brent Crude (ICE) up +0.24 at 106.15 Light Crude (Nymex) up +0.03 at 94.64 100 Oz Gold (Comex) down -0.70 at 1,312 Copper (Comex) unchanged 0.00 at 3.29 10-year government bond yields (%) US 2.62% UK 2.66%...
...… “Everything’s better with Bakken” reads the sign taped up in a control room at the Phillips 66 refinery in Bayway, New Jersey....
...In addition, US super-majors and refiners such as ExxonMobil and Phillips 66 are exporting record quantities of oil products to meet soaring demand for gasoline, diesel and kerosene in Latin America and...
...Murphy’s move came after ConocoPhillips spun off its Phillips 66 business, while Marathon divided into Marathon Oil and Marathon Petroleum....
...Many railways point to their customers’ behaviour – including the order in June by Phillips 66, the refining and chemicals group, for 2,000 rail tank cars to transport shale oil – as evidence of a long-term...
...… Lord Rodger Lord Rodger of Earlsferry, a justice of the Supreme Court, died at the weekend at the age of 66, after a short period of illness....
...The S&P 500 Energy sector was down 2.9 per cent, with oil companies Exxon falling 1.8 per cent to $60.39, Chevron declining 2.4 per cent to $77.13 and Conoco Phillips sliding 2.4 per cent to $55.51....
...Irish budget carrier Ryanair was 0.8 per cent lower at €2.98....
...The Chicago Board Options Exchange’s Vix index – a measure of equity volatility – retreated 1 per cent to 22.66, more than 26 per cent below last week’s five-year high....
...AT&T also highlighted a surge in wireless data revenues which grew by 66.8 per cent to 1.5bn....
...Irish-based budget airline Ryanair climbed 15.6 per cent to €4.66 after reporting an 18 per cent rise in half-year profits and delivering an upbeat outlook statement....
...Charter Communications slid 0.3 per cent to $3.07 after investors focused on the broadband cable carrier's quarterly loss, and ignored its rising revenues....
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