Broker tips: Oil stocks, Diageo, AB Foods
20th Jan 2012 11:52
Credit Suisse slashed its fourth quarter earnings per share (EPS) across the global Integrated Oil sector, assessing its coverage on UK stocks Shell, BP and BG. For Royal Dutch Shell, Credit Suisse anticipates a "particularly weak" fourth quarter and cut its EPS forecast by 29%. An outperform ratin
Read moreBroker snap: Credit Suisse cuts forecasts across oil sector
20th Jan 2012 11:44
The fall in oil stocks today can be in part credited to Credit Suisse which slashed its fourth quarter earnings per share (EPS) across the global Integrated Oil sector, assessing its coverage on UK stocks Shell, BP and BG. For Royal Dutch Shell, Credit Suisse anticipates a "particularly weak" fourt
Read moreLondon midday: Resource stocks lead the way
3rd Jan 2012 12:08
A number of European markets were open yesterday and notched up good gains, so London has been playing catch-up this morning. The mineral extractors are leading the advance after moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3 in
Read moreBP wants $60bn from Halliburton after Gulf of Mexico spill
3rd Jan 2012 09:05
BP is claiming its contractor, Halliburton, should pay for the entire clean up following the Deepwater Horizon oil spill in 2010. In a filing at a court in New Orleans integrated oil company BP says the American oilfield services firm should pick up the tab for the clean up operation, which could c
Read moreLondon close: In the blue as investors say adieu to 2011
30th Dec 2011 12:46
London's top shares clawed back into positive territory as investors bid farewell to a turbulent 2011. Financials recovered from earlier weakness. Barclays was up 0.89%, Royal Bank of Scotland added 0.35% and Lloyds Banking Group recovered 1.61% in subdued pre New Year trading. Oil giants BP and
Read moreLondon midday: Footsie retreats ahead of early close
30th Dec 2011 11:38
London's top shares remained in the red in midday trading, with trading light on the ground ahead of Friday's earlier than usual lunchtime close. Oil giants BP and Royal Dutch Shell each fell 0.5% as crude oil prices eased. However BG Group broke the downward trend, rising 0.51% after it said one
Read moreLondon open: Subdued half day trading
30th Dec 2011 09:44
London's leading shares fell in light trading with financial and commodity plays under pressure in the year's final half-day trading session. Banks such as Barclays fell 0.9%, Royal Bank of Scotland lost 0.9% and Lloyds Banking Group dropped 0.8% in subdued pre New Year trading. Oil giants BP an
Read moreFootsie clunkers of 2011
25th Dec 2011 11:45
Having had a quick shufti at the best performing FTSE 100 stocks of 2011, it is time to have a look at the clunkers. Indian reservations The curious thing about duff performers in the top-share index is that they don't stay in the Footsie if their share price decline continues for too long. As an
Read moreBP man has a dip
23rd Dec 2011 09:44
Brendan Nelson, a non-executive director of BP and a chairman of the firm's audit committee, has dipped his hand into his pocket and bought just under £50,000 worth of shares in the oil giant. Nelson, a chartered accountant and a partner in accountancy giant KPMG, paid slightly less than 450p a sha
Read moreBroker tips: BP, Kazakhmys, Premier Foods
16th Dec 2011 12:52
Evolution Securities has reiterated its buy rating on oil titan BP, highlighting today's $250m settlement with Cameron International Corporation and rumours of farm-in talks with Ophir Energy. Analyst Richard Griffith said: "Although the figure is relatively modest...it is an acknowledgement from a
Read moreBroker snap: Evolution happy with BP's Macondo settlement
16th Dec 2011 12:28
Evolution Securities has reiterated its buy rating on oil titan BP, highlighting today's settlement with Cameron International Corporation and rumours of farm-in talks with Ophir Energy. US-listed oil and gas equipment firm Cameron International Corporation, the company which designed and manufactu
Read moreLondon midday: Footsie up 0.5% as miners rise
16th Dec 2011 11:47
The Footsie extended gains by midday, with miners leading the advance, despite some gloomy comments by leaders in the Eurozone. The blue chip index was trading just 27 points higher by lunchtime, up 0.5% at 5,427, while bourses in Europe edged lower. EUROZONE WORRIES CONTINUE France may have ente
Read moreFriday broker round-up - UPDATE
16th Dec 2011 08:56
Shanks Group: Goldman Sachs downgrades to neutral from buy. Man Group: Deutsche Bank downgrades to sell from buy. BSkyB: Bank of America-Merrill Lynch downgrades to neutral from buy, cuts target to 770p from 800p. Carnival: HSBC upgrades to overweight from neutral. BP: Evolution Securities reit
Read moreLondon open: Miners provide a lift early on
16th Dec 2011 08:19
The Footsie opened moderately higher on Friday morning, with financials an miners providing a lift. Miners were among the best performers early on. In other news, the Managing Director of the International Monetary Fund has said that the world is facing similar threats seen in the Depression: "econ
Read moreBP to receive $250m oil spill settlement from Cameron Intl
16th Dec 2011 07:31
US-listed oil and gas equipment firm Cameron International Corporation, the company which designed and manufactured the Deepwater Horizon 'blowout preventer', is to pay UK oil titan BP $250m to settle all claims between them related to last year's oil disaster. "Today's settlement allows BP and Cam
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