Friday broker round-up
24th Aug 2012 09:34
African Minerals: Jefferies cuts target from 800p to 550p, buy rating kept. Anglo American: Jefferies downgrades from buy to hold, 2,200p target kept. Ashmore: Citigroup downgrades to sell, target cut from 305p to 300p. Berendsen: Investec maintains buy rating and 570p target; Seymour Pierce down
Read moreFriday broker round-up
17th Aug 2012 09:22
Afren: Goldman Sachs downgrades to neutral. Borders & Southern Petroleum: Goldman Sachs downgrades to neutral. Coastal Energy: Goldman Sachs upgrades to buy. CRH: Credit Suisse downgrades to underperform. ENRC: Nomura cuts target from 500p to 400p, reduce rating kept. Faroe Petroleum: Goldman S
Read moreBorders and Southern plugs and abandons Stebbing well
31st Jul 2012 11:32
Borders and Southern Petroluem, an oil and gas producer, has reported that well 61/25-1 on the Stebbing exploration prospect has been successfully plugged and abandoned, bringing to an end the company's current two well drilling programme. The company announced earlier this month that the prospect
Read moreBroker tips: SABMiller, CSR, Borders and Southern
17th Jul 2012 10:56
Investec has downgraded its rating for drinks giant SABMiller from 'buy' to 'hold' after the recent outperformance in the shares. "SAB has been a strong performer in a UK consumer staples universe that has run hard over the last few months. Though we remain supporters of the medium-term growth narr
Read moreBroker snap: Borders and Southern downgraded after Stebbing disappointment
17th Jul 2012 10:55
Jefferies has downgraded its recommendation for Borders and Southern from 'buy' to 'hold' and slashed its target price for the stock following yesterday's news that the Stebbing exploration prospect was unsuccessful. The group said on Monday that it had found very strong gas shows in the Tertiary s
Read moreTuesday broker round-up
17th Jul 2012 08:15
ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained. AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept. Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept. Bodycote: JP Morgan Cazenove cuts target from 437
Read moreLondon close: Global growth concerns weigh on stocks
16th Jul 2012 16:39
- China's Wen dampens sentiment - IMF cuts global growth forecast - G4S, Tullow, Sage and Barclays lead the fallers The FTSE 100 finished flat on Monday as a late burst of buying helped the benchmark index recover some of its earlier losses on the back of concerns over the global economic outlook.
Read moreLondon midday: Footsie flat despite heavy falls for G4S and Barclays
16th Jul 2012 11:42
- Chinese economic concerns weigh on sentiment - ECB moves to make senior bondholders share burden - G4S, Barclays, Sage, National Grid lead the fallers on FTSE 100 UK stocks were trading broadly flat by Monday lunchtime, though sentiment had been dampened by concerns over the Chinese economy and c
Read moreLondon open: China concerns dampen Footsie; G4S tanks
16th Jul 2012 08:35
- China's Wen dampens sentiment - Miners drop on Chinese worries, Nomura comments - G4S tumbles on Olympics contract loss estimates London's benchmark index opened slightly lower on Monday morning as comments from China's Premier weighed heavily on stocks in the mining sector. G4S also took a tumbl
Read moreBorders and Southern abandons hot prospect
16th Jul 2012 08:01
AIM-listed oil and gas group Borders and Southern has found very strong gas shows in the Tertiary section of the 61/25-1 well (Stebbing) but couldn't reach lower targets due to 'anomalous pressure conditions'. "It is very disappointing not to have reached all the potential reservoir targets in this
Read moreBorders and Southern plunges despite Falkland discovery
23rd Apr 2012 09:17
Oil and gas explorer Borders and Southern said it made a significant discovery of gas condensate off the coast of the Falkland Islands. However, the find did not please markets and investors dumped the shares, pushing them down almost 30% in morning trading on Monday. Analysts said this was becaus
Read moreBroker tips: Vedanta Resources, Galliford Try, Oil stocks
22nd Feb 2012 11:25
Credit Suisse believes that a major restructuring within the businesses of miner Vedanta Resources would be a "strong positive" and continues to see significant upside in the stock. Credit Suisse said that "if the reports are correct and a merger is successful it would not change group consolidate
Read moreBroker snap: Strong read-across for Cove peers after Shell bid
22nd Feb 2012 09:49
Merchant Securities has highlighted potential for sector peers of Cove Energy after Royal Dutch Shell launched a bid for the AIM-listed oil and gas producer this morning. Shares in AIM-listed Cove Energy jumped after Anglo-Dutch integrated oil company Shell launched a bid of 195p per share. The dea
Read moreLondon open: Footsie slips as ex-div stocks provide a drag
22nd Feb 2012 08:35
- Shell makes near-£1bn bid for Cove Energy. - Markets digest Greek bailout, China data. - Ex-div stocks provide a drag. The FTSE 100 slipped slightly into the red in the opening hour on Wednesday as investors continue to digest the Greek bailout approved on Monday night. Meanwhile, Chinese manufac
Read moreBorders & Southern spuds Falklands well
1st Feb 2012 08:02
AIM-listed hydrocarbon explorer Borders & Southern (B&S) says that the exploration well 61/17-1, south of the Falklands, was spudded yesterday. The well, which is the first of a two-well exploration programme on licence PL018, is designed to test the Darwin East prospect, "a fault / dip closed stru
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