Sector movers: Oil, mining stocks up but UK political uncertainty weighs on FTSE 100
5th May 2015 13:34
Natural resources oriented stocks, including oil, mining and minerals companies, largely traded in positive territory on Tuesday but election jitters weighed on much of the FTSE 100 following the May bank holiday weekend. At 16:03 BST, the blue chip index was down 25.27 points or 0.36% at 6960.68 fe
Read moreCape seals £100m deal with BP
1st May 2015 09:49
London-listed Cape has sealed a two-year deal worth £100m with oil giant BP, the industrial services group said. Under the terms of the agreement, the company will renew its relationship with BP, securing approximately 500 jobs in the North Sea in its access, insulation, coating, passive fire protec
Read moreWednesday broker round-up
29th Apr 2015 19:53
Sky: JP Morgan reiterates neutral stance and 1,170p target. GlaxoSmithKline: UBS reiterates buy and 1,700p target. StanChart: Nomura reiterates neutral and lifts target to 1,170p from 1,030p. UBS reiterates neutral stance with 1,000p target. Henderson Group: Citi reiterates buy with 3,250p target.
Read moreBroker tips: BP, Vodafone, Next
29th Apr 2015 12:11
BP smashed consensus forecasts with its first-quarter results on Tuesday, though analysts at UBS said that the read-through for future years is limited for the moment. The Swiss bank maintained a 'neutral' rating and 450p target price for the oil major, saying that changes to outer-year forecasts ar
Read moreUBS stays 'neutral' on BP despite huge beat with Q1 results
29th Apr 2015 09:58
BP smashed consensus forecasts with its first-quarter results on Tuesday, though analysts at UBS said that the read-through for future years is limited for the moment. The Swiss bank maintained a 'neutral' rating and 450p target price for the oil major. "BP clean net income came in at $2,577m, a hu
Read moreFTSE 100 movers: Astrazeneca hit by rival success, Centrica higher on takeover preparations
28th Apr 2015 13:28
Astrazeneca was trading lower after the results of a study showed US rival Merck's diabetes drug met heart-safety requirements. The British drug-maker's own treatment for the disease was recently required by US authorities to provide information about the risk of heart failure. Standard Chartered wa
Read moreLondon open: Stocks lower despite speculation on further Chinese easing
28th Apr 2015 09:10
Ahead of the release of UK economic growth figures, the Footsie started the day moving lower is what was otherwise expected to be another light day in terms of economic data. Traders' focus was squarely on the latest batch of company results in the first hour, both in the UK and over on the continen
Read moreBP posts 20% decline in profits as lower oil prices dent performance
28th Apr 2015 07:12
BP has posted an underlying replacement cost profit decline of 20% on an annualised basis for the three months to end-March, though the figure beat forecasts and was 15% higher on the previous quarter. In a trading statement on Tuesday, the oil giant said profit for the last quarter came in at $2.6b
Read moreLondon pre-open: Sharp gains expected in HSBC
27th Apr 2015 08:11
The Footsie is being called to start the day roughly flat on Friday´s closing level of 7,070.70. The news-flow surrounding corporate activity and M&A is front and centre before the opening bell. HSBC is expected to be the standout gainer on the top-flight index at the start of trading. That follows
Read moreSunday newspaper round-up: HSBC spinoff, Lloyds offer, Worldpay IPO
26th Apr 2015 15:16
HSBC could spin off its £20bn UK high street banking interests, the Sunday Times said, reviving the old Midland Bank brand which the group bought in 1992. Having on Friday mentioned it was looking at moving its headquarters overseas, a flotation of its British bank could speed its corporate exit fro
Read moreBP boss warns of severe impact on North Sea oil from ongoing supply glut
22nd Apr 2015 15:21
The North Sea oil industry is in for a "massive" shock as the global supply glut worsens, according to the chief executive of oil major BP. "We're going to see massive restructuring," Bob Dudley said at the CERAWeek energy conference in Houston on Tuesday. "The North Sea is a very high-cost basin a
Read moreWednesday newspaper round-up: BP, Yahoo!, Labour
22nd Apr 2015 06:45
BP chief executive Bob Dudley has quashed speculation that he is looking for a megamerger, according to the Financial Times, cooling rumours that Shell's BG Group takeover could trigger a wave of massive deals in the oil industry. Profits at internet giant Yahoo! declined in the quarter ended 31 Mar
Read moreSector movers: Greek concerns and heightened UK political risk dent market confidence
17th Apr 2015 14:32
Persistent concerns over Greece defaulting on its sovereign debt obligations and heightened UK political risk dented market confidence as the FTSE 100 slipped below the 7,000 mark and firmly into the red. At 15:14 BST on Friday, the blue chip index was trading down 1.02%, or 71.83 points, at 6,988.6
Read moreFTSE 100 movers: Rolls Royce among handful of risers as 95 stocks trade in the red
17th Apr 2015 13:32
Rolls Royce was one of a handful of stocks remaining in the green, buoyed by the announcement of its largest ever order win, which cemented its position as the favoured supplier of power plants for Airbus's signature A380 aircraft. The news marks the aircraft engine manufacturer's gain of over half
Read moreLondon midday: Stocks inch higher but Greek uncertainty limits upside
14th Apr 2015 11:36
A rebound in the mining sector and data showing that the UK economy narrowly avoided deflation gave stock markets a small boost on Tuesday, though uncertainty in Athens was limiting upside. Reports that Greece is preparing for a debt default if it can't reach a deal with its creditors were likely ke
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