Sarah Modlock

Facebook slumps amid Morgan Stanley rumours

Investors in Facebook were feeling bruised on Monday as it sank on its second day of trading, fuelling rumours its lead underwriter had stepped in to buoy the stock in its first session.

Red faces at Nasdaq after Facebook fiasco

Nasdaq's chief executive Bob Greifeld admitted he was "embarrassed" by the technical problems which blighted early trading of Facebook shares for private investors on Friday.

Red Emperor to join Shabeel North drilling

Red Emperor Resources announced on Monday that it has exercised its option to participate in the drilling of the Shabeel North well, scheduled to spud in the first week of June.

Tullow Oil hails African progress

FTSE 100 favourite Tullow Oil described its performance in the first half of the year as "excellent" and said that it was confident of further significant growth in 2012.

Range and Red Emperor rise on Puntland progress

Range Resources and Red Emperor Resources updated investors on their work in Puntland on Monday, raising hopes of a commercial discovery.

Max Petroleum buoyed by latest Kazakh test

Kazakhstan-focused explorer Max Petroleum on Monday updated investors with the latest from its successful appraisal well at its Asanketken Field.

Desire aims for re-rating over Falklands resources

Desire Petroleum said on Thursday its assessment of the contingent resources in the North Falkland Basin could elevate it into a mid-size exploration and production company.

William Hill stands by CEO amid shareholder revolt

Bookmaker William Hill was the latest company to respond to shareholder outrage over executive pay, rushing to the defence of chief executive Ralph Topping's bonus.

Tuesday's AIM news: Oil and gas

Seven oil and gas companies include Roxi Petroleum and Caza Oil and Gas updated investors on Tuesday. Read our round-up to find out what they had to say...

Xcite Energy satisfied with Bentley progress

North Sea oil explorer Xcite Energy announced on Tuesday that its latest drilling at the Bentley field was "progressing satisfactorily".

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