Sector movers: Oil companies and airlines under pressure
25th Jul 2016 14:12
(ShareCast News) - London stock indices were held back on Monday as oil prices traded down towards their lowest levels in weeks. On the FTSE 100, Royal Dutch Shell and BP were lower as crude slumped below $44.00 on persistent oversupply concerns. Front-month Brent crude was down 1.4% to $45.03 b
Read moreSector movers: Real estate, Oil&Gas pace gains, mining down
19th Jul 2016 10:54
(ShareCast News) - Real estate investment trusts led to the upside despite the International Monetary Fund and European Commission's decision on Tuesday to take a knife - as might have been expected - to their forecasts for the British economy next year. In the case of the Washington-based
Read moreMonday broker round-up
18th Jul 2016 13:20
(ShareCast News) - Experian: Barclays reiterates overweight with a target price of 1,550p. Rentokil: HSBC upgrades to hold with a 190p target. Card Factory: UBS reiterates buy with a 295p target. Capital & Regional: HSBC starts coverage at buy with a 61p target. Unilever: Goldman Sachs reiterates
Read moreCapita bumps up forecast for 2016 dividends, mid-caps to take Brexit hit
18th Jul 2016 12:28
(ShareCast News) - The fall in sterling following Brexit would deliver an immediate boost to the value of companies' dividend payments but potential recessionary pressures would hit profits and dividends from UK-focused mid-caps hardest, Capita said in its second quarter 2016 Dividend Monitor. De
Read moreBP's final bill for Gulf of Mexico oil spill comes to $61.6bn
15th Jul 2016 09:05
(ShareCast News) - BP's final bill for the oil spill in the Gulf of Mexico came to $61.6bn after taking a recent additional $5.2bn pre-tax charge, which the company said has brought the matter to a close The oil giant said that an $2.5bn after-tax charge will be recorded in its second quarter as a r
Read moreCredit Suisse upgrades BP, broker says dividend somewhat de-risked
4th Jul 2016 10:30
(ShareCast News) - Analysts at Credit Suisse upgraded their view on shares of BP after revising their projections for sterling and given the progress made on capital productivity and efficiency, which in turn meant the sustainability of the dividend had been somewhat de-risked, among other things. T
Read moreLife insurers, oil stocks boost indices
29th Jun 2016 18:40
(ShareCast News) - Life insurers jumped on Wednesday on the heels of positive broker comment and supportive remarks from some ex-officials regarding the fall-out, or not, for the sector as a result of Brexit. Prudential´s shares rallied after Barclays reiterated an 'overweight' rating and target pri
Read moreBP accelerates Egypt's Atoll gas project
20th Jun 2016 10:33
(ShareCast News) - BP has decided to go accelerate development of its wholly owned Atoll gas project in Egypt, which will begin to flow in the first half of 2018. Offshore the East Nile Delta, the Atoll field is expected to produce up to 300m cubic feet a day (mmscfd) gross of gas to the Egyptian do
Read moreBP and Rosneft create Siberia oil JV
17th Jun 2016 11:08
(ShareCast News) - BP and Rosneft have agreed to create a new joint venture, Yermak Neftegaz, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation. The JV, 51% of which will be owned by Rosneft, will focus on onshore exploration of two areas of mutual int
Read moreHigh-div stocks pace gains
16th Jun 2016 22:26
(ShareCast News) - Losses on the top flight index were contained by gains in shares of several of the most-reliable dividend payers on the London market, including the likes of BP, British American Tobacco and Royal Dutch Shell. Hence, a certain safe-haven bid, even within pound assets, appeared to
Read moreDirectors dealings: NAIT boosts stake in EKF Diagnostics to 14.1%
10th Jun 2016 14:11
(ShareCast News) - Harwood Capital, acting as investment manager on behalf of North Atlantic Smaller Companies Investment Trust PLC, picked up another large batch of shares in EKF Diagnostics. Christoper Mills, who was named to the post of non-executive chairman at the global point-of-care medical d
Read moreBP, Det Norske to form joint Norwegian independent producer
10th Jun 2016 07:04
(ShareCast News) - BP and Det Norske Oljeselskap on Friday said they were combining the assets and expertise from both companies' exploration and production operations to create Aker BP ASA, which will become Norway's largest independent oil and gas producer. Under the terms of the proposed deal, Ak
Read moreA rising (oil) tide lifts all boats
7th Jun 2016 23:47
(ShareCast News) - Gains in shares of London-listed oil majors BP and Royal Dutch Shell, and oil stocks more generally, helped to keep the FTSE 100 and FTSE 350 in the green on Tuesday. Traders welcomed news that Shell had boosted its estimates for the cost savings it expected to reap from its merge
Read moreFTSE 100 movers: Mining megalodons rise with metals prices as Brexit brakes housebuilders
6th Jun 2016 15:32
(ShareCast News) - Mining megalodons dominated the blue-chip winners' ladder as they advanced in correlation with firming precious and industrial metals prices, supported by Coca-Cola HBC's fizz higher. Anglo American led the pack by a good distance as it stacked on a hearty 11.25%. It was followed
Read moreBP agrees to pay investors $175m over Gulf spill
3rd Jun 2016 07:35
(ShareCast News) - BP has settled a lawsuit arising from the 2010 Deepwater Horizon oil spill by agreeing to pay investors who bought American Depository Shares $175m. The investors bought the shares in 2010 after the Deepwater Horizon rig was hit by an explosion but before the full scale of the sub
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