Ftse 100 News

HX (Hurtigruten Expeditions) has announced Alex Delamere-White’s official appointment as Chief Commercial Officer (CCO), following six months as acting interim CCO.Based out of the new HX HQ in London, Delamere-White will bring the global functions under one leadership model to further fuel HX’s long-term growth plans, including newly evolved roles for Nathaniel Sherborne and Jim Sayer. Sayer is appointed to SVP Global Marketing bringing together the global marketing functions under his leadership.

The UK Hydrographic Office (UKHO) confirmed the appointment of Marion Leslie as Non-Executive Chair. Leslie will chair the UKHO Board in this independent position after a year as interim Non-Executive Chair and six years as a Non-Executive Director at the UKHO.The Board supports, challenges and validates the UKHO business strategy and oversees the organization's performance. Leslie leads the Board as Chair, acting in the interests of the Ministry of Defense and key stakeholders…

Norway has suspended the sale of a Norwegian engine maker owned by Rolls-Royce Holdings to a Russian-controlled company while it assesses the security implications for the country’s navy and the civilian sector, the government said on Tuesday.Norway’s NSM security agency is assessing the 150 million-euro ($178 million) sale announced on Feb. 4 of Bergen Engines to a company controlled by Russia’s TMH Group, NSM and the justice ministry said.Britain’s Rolls-Royce said it was selling…

Carnival Corp’s Princess Cruises on Thursday extended the suspension of some of its voyages in Australia, Canada and Taiwan as ports around the world remain shut due to the coronavirus crisis.Cruise lines, hammered by a crisis which has seen some ships develop into high-profile infection hotspots, in recent days have been steadily pushing back cancellations well into the second half of 2020.Princess Cruises, long a favorite of older travelers, said it has extended the delay of operations on all cruises sailing in and out of Australia through mid-September on the Sea Princess…

Former BP PLC Chief Executive John Browne said fellow FTSE 100 giant Royal Dutch Shell PLC is risking its long term reputation and finances by deciding to drill n the Arctic, the BBC reported. Both Browne and Shell Chief Executive Ben van Beurden gave interviews to BBC for a Radio 4 documentary concerning climate change, where Browne said Shell should not be prioritising the Arctic as an area for exploration for a variety of reasons, especially in the current downturn. "I'm not chairman of Shell. But I think [Arctic drilling] is very expensive and I would always go for hydrocarbons which have less cost and effort involved. Some companies will genuinely believe - they may be right - that they can produce oil safely and environmentally securely in extraordinary conditions" said Browne.

European shares fell on Tuesday, the last full trading day of the year, led lower by energy companies as Brent oil fell to a 5-1/2-year low on persistent concerns about a global supply glut. The STOXX Europe 600 oil & gas index was down 1.9 percent at 1219 GMT, taking its loss for the year to 15 percent. The price of Brent oil is down by about half since June due to a big oversupply and tepid demand, hitting energy companies hard. Explorers Seadrill and Tullow Oil were down around 3 percent. The UK FTSE 100 index fell 0.9 percent, underperforming its European peers, with London-listed energy majors BP and Shell down some 2 percent. UK retailer Next bucked the trend…

Oil service companies will have to assume more risk in the coming years as investor pressure and a flat crude price make oil company clients push harder to avoid delays on megaprojects, the chief executive of FTSE 100 contractor Petrofac said. The biggest oil companies have seen huge delays and broken budgets at projects ranging from record-breaking Australian liquefied natural gas (LNG) schemes to the enormous and technically challenging Kazakhstan oilfield in the freezing Caspian Sea.

than seven months. cruise terminal in Savona, Italy, in late November 2003. Since then, Carnival has launched six more ships. largest passenger vessel ever constructed. Cruises' 2,674-passenger Diamond Princess in March. 1,848-passenger Westerdam entered service in April. Princess will sail on its inaugural voyage June 13, 2004. ships represent nearly 18,000 total lower berths. indices. Carnival Corporation & plc chairman and CEO. ships enjoying great success in their respective markets," he added. introductions, it is not finished for the year. 2,974-passenger Carnival Valor in December. Cruises Australia. December 2006. Princess Tours. both the S&P 500 and the FTSE 100 indices.

Shares in shipping operator Peninsular & Oriental Steam Navigation Co. moved to full speed ahead March 23, tracking a recovery course by U.S. cruise giant Carnival Corp., analysts said. P&O shares, which slid from $16.47 at the beginning of the year to touch a low of 586 pence on March 17, were among the strongest performers in the FTSE 100, up 48-1/2 pence or eight percent at 648p.. More than 3.2 million shares traded by this time. P&O shares have underperformed the FTSE 100 index by as much as 38 percent on the year, but that pales to insignificance when placed alongside Carnival's share slump. The world's largest cruise operator is down 50 percent against the S&P 500 index on the year, having sunk to an 18-month low of $21-3/16 on March 17.

Carnival Corporation & plc announced it has reached an agreement with Italian shipbuilder Fincantieri for the construction of four new cruise ships worth more than $2 billion. The agreement calls for the construction of four new vessels, one each for Holland America Line, Carnival Cruise Lines, Princess Cruises and Costa Crociere, along with options for two additional vessels, one each for Carnival Cruise Lines and Holland America Line. The four new ships will add a collective 11,756 lower berths to the cruise operator's fleet. Two of the orders have been placed in U.S. dollars and two others are in euros. According to Carnival Corporation & plc Chairman and CEO Micky Arison…

Carnival and P&O Princess have entered into an agreement to combine the two companies through a dual listed company structure. transaction to P&O Princess shareholders. satisfied. available capacity. from disseminating best operating practices throughout the Combined Group. enterprise. pursue common objectives. executive management team. EGM. be affected by the change to the parent company name. shares for each P&O Princess share. existing issued share capital of P&O Princess at approximately £3.3 billion. Carnival shareholders will hold approximately 74 per cent. shareholders will hold approximately 26 per cent. Combined Group. Offer. of 20 per cent. of P&O Princess' issued share capital. Princess in the FTSE 100 are expected to be retained. the UK.

The Y2K bug remained to be less than a threat last Tuesday as London rejoined the working world after the New Year break, but more traditional worries about interest rates quickly deflated markets. From Bangkok to Reykjavik, bourses reported smooth trading without a millennium bug in sight. In a rare exception to the rule, six companies listed on Turkey's Istanbul stock exchange reported Y2K-related problems. They were suspended from trading but all later said they had fixed the problem or were taking steps to correct it. The West African state of Mali also reported that monitoring of its railway system had been disrupted by computer problems.

Shares in shipping operator Peninsular & Oriental Steam Navigation Co. moved to full speed ahead on Thursday, tracking a recovery course by U.S. cruise giant Carnival Corp., analysts said. P&O shares have underperformed the FTSE 100 index by as much as 38 percent on the year, but that pales to insignificance when placed alongside Carnival's share slump. The world's largest cruise operator is down 50 percent against the S&P 500 index on the year, having sunk to an 18-month low of $21-3/16 on March 17. The company set sail in 2000 valued at over $46. However, Carnival shares have rallied from the deep over the last three sessions to post an overnight close in New York of $24-3/16. P&O shares have charted a similar course.

Carnival Corporation announced that the severe weather caused by Hurricane Katrina and subsequent port closures resulted in the cancellation of one voyage and the shortening of two voyages, as well as other voyage disruptions and related costs, for the company's Carnival Cruise Lines brand. In addition, Carnival Cruise Lines has two vessels, the Carnival Conquest and Sensation, which homeported out of New Orleans. Given the tremendous damage to New Orleans, the company does not expect these ships to operate from New Orleans for an extended period of time. The Carnival Conquest will relocate indefinitely to Galveston, Texas. Carnival Cruise Lines has chartered three vessels…

Carnival Corporation & plc has assigned the newbuild slot for the previously announced 116,000-ton cruise ship to U.K.-based P&O Cruises. To be built by Italian shipbuilder Fincantieri, the vessel is scheduled to enter service in spring 2008. The new 3,100-passenger vessel will become the largest cruise ship specifically built for British cruise service and continues Carnival’s ongoing European expansion strategy. An itinerary for this vessel has not been announced. The new P&O Cruises ship was part of a five-ship agreement with Fincantieri announced in September 2004 that also included the new 110,000-ton Carnival Freedom for Carnival Cruise Lines…