London midday: Stocks rise but gains pared after UK GDP data
23rd Dec 2014 11:56
UK stocks rose again on Tuesday as the pre-Christmas rally continued, though gains were trimmed by lunchtime after some disappointing data. On a day lacking of corporate news, investors were also showing caution ahead of a flurry of economic indicators Stateside. Stock futures on Wall Street were on
Read moreBowleven sweats on Cameroon presidential signature
23rd Dec 2014 07:42
Cameroon-focused oil explorer Bowleven has allowed extra time for the completion of the farm-out agreement over its Etinde project as it continued to sweat over presidential approval. Having in October said the only remaining formality to the completion of the transaction was the gazetting of the si
Read moreMonday newspaper round-up: Aviva, Iran, AIM
24th Nov 2014 06:33
An estimated 2,000 insurance jobs are likely to be axed as Aviva tries to placate scepticism about its bid for Friends Life. While some analysts hailed the £5.6bn deal announced on Friday evening as giving Aviva scope to push up its dividend, others were unimpressed, with one questioning whether it
Read moreWesthouse highlights attractive oil stocks that can weather crude-price falls
21st Nov 2014 11:06
Westhouse Securities has called for investors in the oil and gas sector to be a "bit more patient" with oil prices currently rumbling along at multi-year lows, as it highlighted buying opportunities in the sector. Brent crude has now fallen over 25% to $79 a barrel since hitting a high of $115 a bar
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreBowleven receives approval from Cameroon government for the farm-out of equity interest in the Etinde
27th Oct 2014 16:37
Oil and gas producer Bowleven said it has received approval for the farm-out of equity interest in the Etinde prospect from the Cameroon government. The Africa-focused firm also added that it has signed a deal for a two-well exploration programme at Bonomo and that the Cameroon government has given
Read moreBowleven extends farm-out long-stop date by two months
26th Aug 2014 14:54
AIM-listed oil and gas group Bowleven has extended its completion date of the Lukoil/NewAge Etinde farm-out agreement by two months to 31 October, enabling a few remaining conditions to be satisfied. The main condition that still needs to be met is the approval by the Cameroon government of the tr
Read moreBowleven farms out 20% of Bomono project to AFC
27th Jun 2014 09:19
AIM-listed oil and gas exploration group Bowleven has entered into a farm-out drill-to-earn arrangement with Africa Fortesa Corp (AFC). AFC will earn a 20% interest in the group's Bomono Permit in return for drilling two exploration wells. Based on the terms of the arrangement, the cost of the two
Read moreBowleven derisks with Etinde farmout, ending Petrofac deal
24th Jun 2014 12:26
Africa-focused oil and gas explorer Bowleven has achieved its much anticipated farm-out agreement on its Etinde Permit offshore Cameroon. The AIM-listed company has farmed out two thirds of its 75% stake in Etinde to Russia's Lukoil and private equity-backed explorer NewAge for $250m. In return fo
Read moreBroker tips: Shire, Foxtons, Tate & Lyle, Bowleven
3rd Jun 2014 12:46
UBS has hiked its target price for Shire by nearly a tenth, saying that the rumoured acquisition of Nasdaq-listed NPS Pharmaceuticals would "make sense" for the Dublin-based biopharmaceutical group. The bank kept a 'neutral' stance on the shares, but lifted its target from 3,150p to 3,450p. UBS sai
Read moreBowleven development receives Cameroon state approval
3rd Jun 2014 09:36
Africa-focused oil and gas group Bowleven saw its shares race ahead on Tuesday after the receiving state support for the next step of its Etinde project offshore Cameroon. Following meetings last month, a formal resolution confirming Cameroon's approval of the Etinde Exploitation Authorisation Appl
Read moreWesthouse says market underestimating Etinde potential at Bowleven
3rd Jun 2014 09:35
Westhouse Securities has maintained its 'buy' recommendation for Africa-focused oil and gas group Bowleven after the company achieved a "key hurdle" in progressing its Etinde gas and condensate project offshore Cameroon. Following meetings last month, a formal resolution confirming Cameroon's appro
Read moreBowleven making progress with Etinde blocks
6th Feb 2014 12:50
Africa-focused oil and gas exploration group Bowleven saw its shares edge ahead after it revealed it has submitted an exploration application relating to its three blocks offshore Cameroon, West Africa. The company's Etinde Exploration Authorisation Application (EEAA) covers the Etinde Permit area
Read moreBowleven reveals progress on oil exploration in Zambia and Kenya
5th Dec 2013 07:26
Africa-focused oil and gas company Bowleven announced on Thursday that it has made headway with exploration in Zambia and Kenya. In Zambia, the group has been notified by the Ministry of Mines, Energy and Water Development that bids for exploration blocks 25, 28 and 29 have been successful. Bowl
Read moreFriday broker round-up UPDATE
29th Nov 2013 08:52
Bovis Homes: Panmure Gordon ups target price from 875p to 900p and stays with its buy recommendation. BowLeven: Barclays cuts target price from 175p to 135p maintaining its overweight rating. BT Group: Jefferies shifts target price from 430p to 435p and retains a buy recommendation. Compass Group
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