UK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jul 2010 14:42
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1342 GMT [Dow Jones] BP's (BP.LN) deal to sell $7B in assets to Apache Corp. (APA) is consistent with the divestment plan con
Read moreMARKET TALK: BP Apache Deal Consistent With Plan - Oddo
21st Jul 2010 14:42
1342 GMT [Dow Jones] BP's (BP.LN) deal to sell $7B in assets to Apache Corp. (APA) is consistent with the divestment plan concerning $10B of non-core E&P assets announced by BP a few weeks ago, says Oddo Securities. The average price of $19.4 per barrel of oil equivalent for proven reserves appears
Read moreLondon afternoon: Three-digit gain for Footsie
21st Jul 2010 14:10
Footsie's gain burst through the triple digit barrier over the lunchtime session, helped by expectations of a solid start by Wall Street. Mining stocks lead the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking
Read moreBEFORE THE BELL -2: US HOT STOCKS TO WATCH
21st Jul 2010 13:46
Among the companies whose shares are expected to actively trade in Wednesday's session are Yahoo Inc. (YHOO), Apple Inc. (AAPL) and Apache Corp. (APA). Yahoo's second-quarter earnings jumped 51%, beating analysts' estimates on improved display advertising and margins, but the Internet heavyweig
Read moreBEFORE THE BELL -2: US HOT STOCKS TO WATCH -2-
21st Jul 2010 13:46
U.S. Bancorp's (USB) second-quarter earnings rose 63%, beating analysts' estimates, as revenue jumped to a record level and loan-loss provisions fell. -By Dow Jones Newswires; write to [email protected] (END) Dow Jones Newswires July 21, 2010 08:46 ET (12:46 GMT)
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 13:42
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1242 GMT [Dow Jones] BP's (BP.LN) asset sale to Apache Corp (APA) goes a long way towards meeting the $10Bln disposal targ
Read moreMARKET TALK: BP Asset Sale Helps To Meet Disposal Target
21st Jul 2010 13:42
1242 GMT [Dow Jones] BP's (BP.LN) asset sale to Apache Corp (APA) goes a long way towards meeting the $10Bln disposal target the company has highlighted as a way of meeting the costs related to the Macondo oil disaster, says Evolution Securities. Thinks BP got an excellent price for the assets. Also
Read moreMARKET TALK: BP CDS Start Wider
21st Jul 2010 13:36
1235 GMT [Dow Jones] Despite agreeing to divest of certain assets to Apache Corp. for $7 billion, credit default swaps on BP Plc are trading at 352.5BP, up from 348.9BP on Tuesday night, according to Markit data. ([email protected]) Contact us in New York. Darlene Ross, 212 416-2166; darlene
Read moreScottish Ministers Defend Lockerbie Release Amid US Row
21st Jul 2010 13:32
LONDON (AFP)--Scottish ministers Wednesday defended their decision to free the Lockerbie bomber after renewed U.S. anger over the release threatened to spoil the new U.K. premier's first visit to the White House. Scottish First Minister Alex Salmond said he didn't regret freeing Libyan Abdelbase
Read moreUPDATE: India Interested In Buying BP Assets In Vietnam - Oil Minister
21st Jul 2010 13:26
By Rakesh Sharma Of DOW JONES NEWSWIRES (Adds details, background) NEW DELHI (Dow Jones)--India is interested in buying BP PLC (BP) assets in Vietnam, Oil Minister Murli Deora said Wednesday, as the country looks to secure more energy supplies for its fast-expanding economy. "We are
Read moreMARKET TALK: BP Asset Sale Won't Compromise Growth -JPM
21st Jul 2010 13:16
1216 GMT [Dow Jones] BP's (BP) sale of $7 billion of oil and gas production assets in North America and Egypt won't compromise the company's growth strategy, says JPMorgan analyst Fred Lucas. "As a test of the strategic importance of the assets sold to Apache, we challenge investors to find much or
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 13:16
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1216 GMT [Dow Jones] BP's (BP) sale of $7 billion of oil and gas production assets in North America and Egypt won't compro
Read moreCORRECT: $7B Asset Sale To Apache Seen As Good Deal For BP
21st Jul 2010 12:27
("=2nd UPDATE: $7B Asset Sale To Apache Seen As Good Deal For BP," at 1112 GMT, misstated the proportional difference between market capitalization and analysts' estimates in the 12th paragraph. The error also appeared in "UPDATE: $7B Asset Sale To Apache Seen As Good Deal For BP" at 0946 GMT. The c
Read moreLondon midday: Glaxo sales in line
21st Jul 2010 12:05
Equities ended the morning session in consolidation mode, holding on to the gains racked up in the first two hours of trading, when traders were enthused by the Reckitt Benckiser bid for SSL and forecast busting results overnight from Apple. Reckitt will pay SSL shareholders 1,163p per share with a
Read moreUPDATE: Earnings Take Europe CDS Tighter, Bernanke Also Eyed
21st Jul 2010 11:38
(Adds prices, detail, comment.) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spreads on European corporate and sovereign credit default swap spreads were lower Wednesday after strong U.S. and European earnings gave financial markets a boost ahead of more key earnings news.
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