Tullow, Capricorn Shares Edge Up After Merger Agreement0822 GMT - Shares in FTSE 250 oil-and-gas producers Tullow Oil and Capricorn Energy nudge higher after agreeing to merge. Capricorn shares are also up 1.9%. "A merger of equals between oil and gas firms Capricorn Energy and Tullow Oil reflects how far both have fallen since their glory days," Russ Mould from AJ Bell says in a note. ---Tullow Oil, Capricorn Energy Agree to MergeTullow Oil PLC said Wednesday that it has agreed to merge with Capricorn Energy PLC. ---Orchard Funding Group Upgrades 2022 Profit ViewsOrchard Funding Group PLC said Wednesday that performance in fiscal 2022 was stronger than expected and upgraded its profit expectations.

Source: Wall Street Journal June 01, 2022 09:07 UTC