EnQuest PLC (ENQ.L)
13 Dec 2018
* RBC analysts say 2019 forecast lower than expected (Adds analyst comments, shares, details)
Oct 1 - Britain's FTSE 100 index is seen opening 4 points lower at 7,506 on Monday, according to financial bookmakers. * TESCO: Two former senior executives of Tesco accused of fraud and false accounting at Britain's biggest retailer are due to face a re-trial this week at a London court. * RIO TINTO: Rio Tinto and its joint venture partners, Mitsui & Co and Nippon Steel & Sumitomo Metal, will spend about $1.55 billion to maintain production capacity at two iron ore projects in
LONDON EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.
* Opted for loan against ringfenced stake instead of sale (Updates paragraph 10 on debt position)
LONDON, Sept 12 EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.
Sept 7 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
LONDON UK-focused oil company EnQuest is offering new discounted shares to buy out the Magnus oilfield and has borrowed money against 15 percent of its Kraken field as it seeks to reduce its debt pile of almost $2 billion.
* Shares down about 13 pct (Recasts, adds detail, share price reaction)
LONDON, Sept 7 UK-focused oil company EnQuest , which already owns a quarter of the Magnus oil field, is planning a rights issue for $138 million to help it buy the rest from BP, it said on Friday.