FTSE 100 movers: Prudential climbs on broker rating
4th Feb 2014 15:44
Prudential rose strongly after broker Sanford C. Bernstein reiterated its 'outperform' rating on the stock, which came one day after Societe Generale restated its 'buy' rating on the life insurance and financial services company. Fellow financial Aberdeen Asset Management and Hargreaves Lansdown w
Read moreBroker tips: BP, ARM, Vodafone, Sainsbury
4th Feb 2014 12:19
Investec has maintained its 'hold' recommendation for oil giant BP, labelling the company's full-year results as 'weak'. "As the only one of the three UK majors not to warn on profits and/or guidance, BP looks like the undisputed champion in Q4," said Analyst Neill Morton. "However, this should not
Read moreLondon midday: ARM, BP drag markets lower amid choppy session
4th Feb 2014 11:41
- Markets bounce off lows but still in negative territory - Stocks tracking losses in US, Asia - ARM, BP, Electrocomponents and Ocado lower after results techMARK 2,747.57 -0.70% FTSE 100 6,437.48 -0.44% FTSE 250 15,494.78 -0.41% It was a choppy morning for UK markets on Tuesday as stocks pared lo
Read moreBroker snap: Investec keeps 'hold' on BP after 'weak' results
4th Feb 2014 11:19
Investec has maintained its 'hold' recommendation for oil giant BP, labelling the company's full-year results as 'weak'. Underlying replacement cost profit in the fourth quarter fell to $2.8bn from $3.9bn in the fourth quarter of 2012. This came in 4% above company-compiled consensus forecasts, but
Read moreLondon open: FTSE 100 at four-month low as ARM and BP fall
4th Feb 2014 08:22
- ARM, BP, Ocado fall as annual results disappoint - FTSE 100 at lowest since mid-October - Wall Street suffers worst drop since June 2013 techMARK 2,735.92 -1.12% FTSE 100 6,422.52 -0.67% FTSE 250 15,450.97 -0.69% UK stocks fell to their lowest levels in nearly four months on Tuesday morning as c
Read moreBP reports steep drop in 2013 underlying profits
4th Feb 2014 07:10
- 2013 underlying RC profit falls to 13.43bn dollars, from 17.07bn dollars - Underlying production expected to fall in 2014 - Capex guidance in line with 2013 Oil major BP has reported a weaker bottom line for the fourth quarter, leading to a steep drop in underlying profits for 2013. The company
Read moreThursday newspaper round-up: BP, RBS, Scotland
30th Jan 2014 07:16
BP should remain barred from winning any new contracts with the American government because it has not demonstrated that it is a "responsible" contractor following the 2010 Gulf of Mexico oil spill, the US Department of Justice has said. The oil giant is fighting to overturn a decision made by the U
Read moreAmec wins contract with BP
28th Jan 2014 07:07
Amec has won a 974m-dollar contract with BP for the second stage of development of the Shah Deniz gas field in the Caspian Sea. The engineering giant, through its Amec Tekfen Azfen (ATA) consortium, will provide its project and construction management services. The contract covers the fabrication,
Read moreHurricane Energy announces intention to list on AIM
22nd Jan 2014 12:06
Oil exploration outfit Hurricane Energy announced its intention to list on the AIM market as part of a two-stage process to raise 49.4m pounds, with the ticker symbol HUR. Over the coming year the company was planning to focus on drilling and testing a horizontal appraisal well on its Lancaster bas
Read moreLondon midday: Markets rise as retail sales surge, but Shell drops
17th Jan 2014 11:32
- UK retail sales grow fastest since 2004 - Shell issues big profit warning - Insurers gain after data on premiums techMARK 2,851.71 +0.28% FTSE 100 6,832.59 +0.25% FTSE 250 16,197.26 -0.08% Markets were registering moderate gains by Friday lunchtime as investors reacted to a surprise surge in UK
Read moreLondon open: Markets flat, Shell limits upside after profit warning
17th Jan 2014 08:36
- Shell issues profit warnings, oil stocks fall - UK retail sales, US consumer sentiment data out - FTSE 100 holds near eight-month high techMARK 2,853.35 +0.34% FTSE 100 6,822.56 +0.10% FTSE 250 16,229.98 +0.13% Markets opened more or less flat on Friday morning ahead of a busy day for economic d
Read moreBP expects slowdown in global energy demand by 2035
16th Jan 2014 15:01
The growth in demand for energy across the globe is expected to slow in the coming decades with the increase largely driven by emerging economies, according to BP's Energy Outlook 2035. The report, published on Wednesday, estimates that global energy consumption will expand by 41% between 2012 and
Read moreLondon pre-open: FTSE to extend Tuesday's gains
15th Jan 2014 07:40
- FTSE to open 16 points higher - US markets recover on retail sales data - Quiet day expected with focus on earnings City sources predict the FTSE 100 will open 16 points above yesterday's close of 6,766.86, building on Tuesday's modest rise of 10 points late in the session. Overnight, US market
Read moreBP faces fresh blow in Gulf of Mexico spill compensation row
13th Jan 2014 11:42
Oil giant BP has suffered another setback in its bid to limit compensation payouts for the Gulf of Mexico oil spill after a US court rejected its latest appeal. The group has lost an appeal against what it had argued was the faulty administration of a 2012 compensation settlement for the Deepwater
Read moreLondon midday: Markets little changed but banks rise
13th Jan 2014 11:40
- Banks rise as Basel eases capital rules - US earnings in focus this week - AMEC offers 1.9bn pounds for Foster Wheeler - US activist investors looking at Morrison, reports say techMARK 2,797.71 -0.15% FTSE 100 6,731.21 -0.13% FTSE 250 16,199.41 +0.05% UK stocks were swinging between gains and lo
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