British supermarket Morrisons has agreed an improved takeover offer worth 6.7 billion pounds ($9.3 billion) from a consortium led by Fortress Investment Group, but wants a rival private equity suitor to be given more time to make a counter bid.
Reuters
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The logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. REUTERS/Chen Aizhu
Aug 4 (Reuters) - Oil and gas producers EOG Resources Inc (EOG.N), APA Corp(APA.O) and Marathon Oil Corp (MRO.N) topped Wall Street estimate for second-quarter profit on Wednesday, driven by higher crude prices.
U.S. crude prices rose 24% in the June quarter and have climbed 45% since the start of 2021 on the back of a vaccine-fueled demand recovery and output cuts by OPEC+.
Marathon also raised its quarterly base dividend by 25% to 5 cents per share, the company s second consecutive increase.
Most Gulf stock markets were subdued in early trade on Thursday, hit by geopolitical tensions in the Middle East, although the Qatari index bucked the trend to trade higher.
Indian shares fell on Wednesday after the International Monetary Fund cut its 2021 economic growth forecast for the country, while weak global cues and concerns ahead of the U.S. Federal Reserve policy decision also weighed on investor sentiment.