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Investors get much of oil firms' cash windfall Friday, 9 May 2008

LONDON (Reuters) - The five largest fully publicly traded oil firms are spending more on finding and producing oil, but the industry is still handing back much of its windfall from record oil prices to investors.  Full Article

 
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Russia foreign investors unfazed by rows with West Friday, 9 May 2008 

LONDON (Reuters) - With oil at more than $125 per barrel and growth booming, foreign investors in Russia are finding it easy to turn a blind eye to disputes with the West and increasingly bellicose rhetoric over Georgia.  Full Article 

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Carphone to focus on broadband after Best Buy deal Friday, 9 May 2008 

LONDON (Reuters) - The move by Carphone Warehouse to fold its retail unit into a new company with U.S. firm Best Buy will allow it to focus on broadband and become the largest provider in Britain if it buys the UK arm of Tiscali.  Full Article 

Market Movers

Symb 4 wk rating
change
Current mean
rating
IINq.L 4.00 to 1.00 Buy
PUDY.L 3.00 to 1.00 Buy
BRST.L 3.00 to 1.00 Buy
Symb 4 wk rating
change
Current mean
rating
JRVS.L 1.00 to 3.00 Hold
MNGS.L 3.00 to 5.00 Sell
WAGN.L 1.00 to 3.00 Hold
Symb Last Change Chg %
EXPN.L 421.25 +14.25 +3.50
WTB.L 1,395.00 +23.00 +1.68
ENRC.L 1,307.00 +19.00 +1.48
Data as of Mon May 12, 2008 6:38am BST.
Symb Last Change Chg %
CPW.L 268.00 -21.00 -7.27
KAZ.L 1,786.00 -128.00 -6.69
SGE.L 213.75 -12.75 -5.63
Data as of Mon May 12, 2008 6:38am BST.
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