Sector movers: Drop in bond yields sees interest rate-sensitive names gain
8th Feb 2017 15:08
(ShareCast News) - Homebuilders and food processors were again at the top of the leaderboard on Wednesday, alongside interest rate-sensitive issues such as telecoms outfit Vodafone and utilities. Banks on the other hand retreated precisely due to the fall in benchmark Gilt yields. To take note of i
Read moreWednesday broker round-up
8th Feb 2017 11:50
(ShareCast News) - RBS: Deutsche Bank upgrades to hold with a target price of 220p. DCC: JP Morgan reiterates overweight, 8160p target. Rolls Royce: JP Morgan reiterates neutral with a 740p target. Ascential: Deutsche Bank stays at buy with a 300p target. Aberdeen Asset Management: RBC upgrades t
Read moreBP fourth quarter profit falls short of target
7th Feb 2017 07:38
(ShareCast News) - Fourth-quarter profit from BP fell short of target and the oil colossus said cash flow will not increase in 2017 as it hikes its level of disposals and capital expenditure to return the business to growth in the medium term. A fourth-quarter underlying replacement cost profit of $
Read moreTuesday preview: BP reports fourth quarter results
6th Feb 2017 12:35
(ShareCast News) - BP is expected to report an increase in earnings in its fourth quarter results on Tuesday as oil prices recover. UBS sees the oil giant posting earnings of $533m, up from $258m the same period a year earlier. Production is forecast to fall to 3,314 barrels of oil equivalent per
Read moreWednesday broker round-up
1st Feb 2017 15:33
(ShareCast News) - SSE: Barclays reiterates overweight with a target price of 1695p. BP: HSBC reiterates buy, 590p target. Royal Dutch Shell B: Deutsche Bank reiterates buy with a 2450p target. Britvic: JP Morgan reiterates neutral with a 600p target. Intu: Deutsche Bank reiterates sell with a 2
Read moreBP starts up Thunderhorse South Expansion 11 months ahead of schedule
23rd Jan 2017 16:01
(ShareCast News) - BP started up its Thunder Horse South Expansion in the Gulf of Mexico ahead of schedule and under budget, with the latter being the result of its use of standardised equipment instead of customised components. It was expected to be the first of several major upstream start-ups sch
Read moreFTSE 100 movers: Paddy Power and banks lead London losers
23rd Jan 2017 15:00
(ShareCast News) - The FTSE 100 was down over 0.8% by late afternoon on Monday, with stocks swaying lower as sterling rose to a one-month high ahead of the Supreme Court's decision on triggering Article 50 for Brexit. Leading the fallers was bookmaker Paddy Power Betfair as it revealed a £40m hit fr
Read moreTuesday broker round-up
10th Jan 2017 13:25
(ShareCast News) - Tullow Oil: UBS reiterates neutral with a target price of 260p. BT Group: Barclays reiterates overweight, 525p target. B&M European: Deutsche Bank reiterates buy with a 330p target. BP: HSBC reiterates buy with a 590p target. Royal Dutch Shell: Barclays keeps at overweight with
Read moreFriday broker round-up
6th Jan 2017 17:33
(ShareCast News) - Antofagasta: Jefferies reiterates hold with a target price of 700p. Ascential: Deutsche Bank reiterates buy with a 300p target. Rotork: JP Morgan stays at neutral with a 230p target. Vodafone: Barclays reiterates overweight with a 225p target. Britvic: JP Morgan maintains neutr
Read moreDirectors dealings: New BP non-exec picks up shares near multi-year highs
6th Jan 2017 16:50
(ShareCast News) - Recently-appointed BP non-executive director Nils Smedegaard Anderse and his spouse purchased 22,145 shares on the open market at a price of 514p on 5 January, the company said in a statement. Two days before, the company's shares notched a 52-week high a tad above 519.3p which wa
Read moreBP inks liquefied natural gas deal with Thailand's PTT
29th Dec 2016 09:53
(ShareCast News) - Oil giant BP has signed a sale and purchase agreement for liquefied natural gas with Thailand's PTT, a petroleum and petrochemical company, for an undisclosed fee. Under the deal, BP will provide 1m tonnes per year of liquefied natural gas to PTT for 20 years, starting in 2017. I
Read moreBP to buy Woolworths fuel business
28th Dec 2016 08:33
(ShareCast News) - Oil giant BP has agreed to buy the Australian fuels business of Woolworths Ltd for AUD1.79bn. As part of the deal, which was signed on Christmas eve, BP will buy 527 Woolworths-owned fuel convenience sites and 16 committed development sites as the Australian company focuses on bec
Read moreBP takes 10% stake in Abu Dhabi concession; signs $1bn Africa deal
19th Dec 2016 07:07
(ShareCast News) - BP on Monday said it had signed separate agreements to take a 10% stake in Abu Dhabi's ADCO onshore oil concession and invest $1bn in gas exploration blocks in Mauritania and Senegal. In addition to the interest in the ADCO concession, BP will becomes a 10% shareholder in ADCO, th
Read moreSector movers: Non-OPEC oil deal boosts producers
12th Dec 2016 14:30
(ShareCast News) - Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains. Overnight, Chinese steel rebar futures rose from $500.1 a tonne to $524.5 even as Chinese securities traded mostly lower on news that the s
Read moreOil prices shoot higher after non-OPEC deal, Saudi says will cut more
12th Dec 2016 08:42
(ShareCast News) - Oil prices shot higher after non-OPEC producers agreed to reduce their own output in parallel to the cut announced by the oil cartel on 30 November. Adding to the buying pressure in crude oil futures, shortly after the announcement OPEC linchpin Saudi Arabia said it would lower it
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