Energy Daily: JPMorgan draws interest in commodities arm, Coalitio...

 
 
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Thursday October 10 2013
 
 
Energy
 
JPMorgan draws interest in commodities arm
 
First round offers for business, one of Wall Street's biggest traders of cargoes of oil, coal and natural gas, are due before the end of the month
 
 
 
Coalition considers retreat from coal
 
 
Supply of copper set to outstrip demand
 
 
Iberdrola chief sees coal demand falling
 
 
Cargill profit down 41% at drought effect
 
 
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Oil & Gas
 
Shell in Nigerian oil blocks sale
 
Consortium seeks sale of licences as international companies accelerate their retreat from sub-Saharan Africa's oldest oil industry
 
 
 
Israel set to approve Gaza gas project
 
 
China tops US as leading net oil importer
 
 
Sabic to invest in US petrochemicals
 
Mining
 
Centamin to beat gold production guidance
 
UK-listed miner's confidence comes despite Egypt violence as it was on track to beat guidance of delivering 320,000 ounces of gold for the full year
 
 
 
Bumi Resources agrees $1.3bn loan revamp
 
 
'Dr Copper' says world economy to recover
 
Nick Butler
 
Shareholder activism arrives in the energy sector
 

Carl Icahn's purchase of a 5 per cent stake in the Canadian company Talisman Energy marks the entry of activist shareholders into the energy business. Could it indicate the beginning of a revolution?

Activist shareholders have a bad reputation, particularly in Europe where they are seen as asset strippers who pull apart good businesses for a short-term gain. That can happen but they can also be very productive in forcing companies to examine very hard what they are doing with their shareholders' money.

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OECD adds climate scores to surveys
 
 
Vestas sells manufacturing units for €1
 
 
Davey demands transparency on Eco costs
 
 
EU drops plan for nuclear subsidy rules
 
 
 
 
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