Sector movers: BP boosts gains for oil and gas producers
30th Oct 2012 15:11
Oil and gas producers were making gains on Tuesday afternoon despite declining oil prices, as BP lifted sentiment in the sector with forecast-beating third-quarter results and a hiked quarterly dividend. In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net
Read moreLondon midday: Stocks rebound as earnings lift the mood
30th Oct 2012 11:34
- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
Read moreBroker tips: BP, StanChart, Premier Foods
30th Oct 2012 11:32
Investec has reiterated its bullish stance on oil giant BP, saying that the company's third-quarter results were 'much strong than we and the market anticipated'. The broker said: "Overall, we have seen a much better result than the poor Q2 and the company has moved early on a dividend increase to
Read moreBroker snap: BP profits smash expectations, says Investec
30th Oct 2012 10:15
Investec has reiterated its bullish stance on oil giant BP, saying that the company's third-quarter results were 'much strong than we and the market anticipated'. In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on an underlying repla
Read moreLondon open: BP lifts Footsie higher early on
30th Oct 2012 08:45
- Stocks rebound after Sandy-related falls - BP and Imperial gain after results - BoJ expands stimulus Stocks opened strongly on Tuesday morning with mining stocks making gains and oil giant BP providing a lift after raising its quarterly dividend, as markets rebounded following a subdued day yeste
Read moreTuesday broker round-up - UPDATE
30th Oct 2012 08:23
African Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreNothing could be refiner for BP
30th Oct 2012 08:02
Integrated oil giant BP is worming its way back into the affections of UK pension fund managers after raising its divi on the back of forecast beating third quarter results. Adjusted replacement cost profit in the third quarter was $5.17bn, up from $3.69bn in the preceding quarter but down from $5
Read moreLondon pre-open: Minimal gains expected on FTSE ahead of Draghi speech
30th Oct 2012 07:28
City sources predict the FTSE 100 will open up three points from yesterday's close of 5,795, edging marginally higher boosted by slight gains seen in Asia overnight. However, with US markets once again closed today, markets on this side of the Atlantic are expected to take their cue from a speech
Read moreBP raises divi to nine cents -UPDATE
30th Oct 2012 07:02
Integrated oil giant BP is worming its way back into the affections of UK pension fund managers after raising its divi on the back of forecast beating third quarter results. Adjusted replacement cost profit in the third quarter was $5.17bn, up from $3.69bn in the preceding quarter but down from $5
Read moreTuesday preview: Imperial Tobacco, BP
29th Oct 2012 17:07
IMPs, or Imperial Tobacco, is set to publish full year results on Tuesday and the smoke signals from the fags maker is that the performance will be quite varied by region. Tobacco net revenues are expected to be up by around 4% with particularly good performances in its Eastern Europe, Africa & Mid
Read moreLondon close: Stocks fall as Hurricane Sandy batters the US
29th Oct 2012 16:32
UK stocks finished slightly lower after a volatile session with markets showing caution as Hurricane Sandy hits the east coast of America, causing the New York Stock Exchange to suspend trading for today and possibly tomorrow. "It's been a day of low volumes today as investors hold back to assess t
Read moreLondon midday: Sandy claims its first victims, insurers
29th Oct 2012 11:37
UK equities are now registering moderate losses and bouncing "along the bottom" in rather lackluster trading conditions, as the main indices track futures on Wall Street. Those are now pointing to falls of about 1 per cent in the main benchmarks ahead of electronic trading being suspended before hu
Read moreThursday newspaper round-up: GDP, Barclays, BP
25th Oct 2012 06:35
David Cameron on Wednesday promised "the good news will keep coming" as his error-prone government prepared to seize on new data that is expected to show Britain's double-dip recession is over. Mr Cameron hopes Thursday's release of GDP statistics for the third quarter - including the period of the
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreLondon close: Stocks decline after Caterpillar earnings
22nd Oct 2012 16:28
- Caterpillar disappoints with guidance - Kenny-Merkel statement apparently overinterpreted -DPA - BP falls after confirming Rosneft deal After a brief stint in positive territory, UK stocks fell into the red by the close on Monday after some disappointing guidance for US economic bellwether Caterp
Read more