London pre-open: Moderate gains expected
16th Dec 2011 07:22
The Footsie is expected to build on gains made yesterday following on from a strong performance in Asia markets overnight after some upbeat economic data from the US temporarily distracted everyone's attention away from the Eurozone. City sources predict the FTSE 100 will open up 38 points from yes
Read moreBP accuses Halliburton of destroying Gulf of Mexico evidence, FT reports
6th Dec 2011 10:12
The legal battle over last year's oil spill in the Gulf of Mexico is turning increasingly bitter. Thus, the Financial Times is today reporting on British Petroleum (BP) allegations that Halliburton, the company which provided the concrete for the Deep Water Horizon rig, has "destroyed test results
Read moreTuesday broker round-up - UPDATE
29th Nov 2011 09:15
Senior: Credit Suisse keeps at neutral, raises target to 175p from 165p. Icap: Credit Suisse keeps at outperform, lowers target to 420p from 510p. G4S: HSBC upgrades to overweight from neutral. Rio Tinto: UBS cuts target from 6,000p to 5,650p, buy rating kept [28 November]. BP: Nomura keeps neut
Read moreLondon open: Footsie up as Eurozone fears ease
11th Nov 2011 08:21
London's blue chips were on the rise in the opening minutes following on from moderate gains seen on Wall Street last night and in Asian markets this morning. News of a new national unity government in Italy and the revealing of a new Greek prime minister has calmed fears slightly elsewhere in the E
Read moreBP hands back $3.5bn as PAE deal collapses
7th Nov 2011 07:34
BP will be handing back a $3.53bn deposit following the collapse of a deal to sell its 60% interest in Pan American Energy. Pan American is a South American oil and gas company which BP had wanted to offload in late 2010 to strengthen its balance sheet in the wake of the Gulf of Mexico disaster. I
Read moreLondon pre-open: Modest gains expected
7th Nov 2011 07:27
London is set to start the week stuck in neutral gear, with City sources predicting the FTSE 100 will open up 8 points from Friday's close of 5,527. Integrated oil company BP said the sale of its 60% interest in Pan-American Energy to Bridas Corporation has fallen through. As a result of Bridas Co
Read moreLondon close: Choppy FTSE 100 closes lower
28th Oct 2011 17:08
Shares finished slightly lower after a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an average 3% last night after le
Read moreLondon midday: Pause for breath after euro boost
28th Oct 2011 12:01
Shares are still flat amid a quiet day on the company news front, giving traders a chance to sit back and appraise the latest developments in the Eurozone saga. SUBDUED START AFTER YESTERDAY'S SURGE Stock markets across the globe surged higher yesterday, with the three US benchmarks rising by an a
Read moreLondon open: Flat start for the Footsie
28th Oct 2011 08:40
The FTSE 100 opened flat on Friday morning following yesterday's massive 2.9% gain on the back of strong US economic data and the pivotal Eurozone agreements announced yesterday. SUBDUED START AFTER STRONG DAY ON THURSDAY Stock markets across the globe surged higher yesterday, with the three US b
Read moreBoss's wife buys at Games Workshop
27th Oct 2011 16:02
Not many women shop in Games Workshop, but chief executive Mark Wells's wife Karina has spent more than £15,000 on shares in the retailer of fantasy war games. She took 3,616 shares at 420p a time. That takes the couple's holding to 129,202 shares, which is about 0.4% of the firm. Top Director Bu
Read moreLondon close: Global outlook rattles stocks
18th Oct 2011 16:46
Worries over the global economy dominated the direction today, as the Footsie registered moderate gains, finishing around the 5,400 level. However, losses were not as pronounced as they were in intra-day trade - the FTSE 100 daily low was 5,351 - after a more positive, albeit flat, start on Wall Str
Read moreFTSE 100 Movers: Miners leading the way lower
18th Oct 2011 12:43
Unsurprisingly, it was miners that bore the brunt of the selling amid concerns over global growth in the wake of disappointing Chinese gross domestic product data. Among the fallers was diversified giant Xstrata, which gave a taste of the uncertain global picture with a third quarter update that sho
Read moreBroker tips: BP, Bellway, UBM
18th Oct 2011 10:27
UBS has reiterated its buy rating on oil titan BP following its $4bn settlement with Anadarko, which the broker sees as an "important step towards resolution". "The level of settlement and the costs incurred to date suggest to us that the provisioning for environmental costs and economic charges ma
Read moreBroker snap: $4bn settlement de-risks BP valuation, says UBS
18th Oct 2011 10:00
UBS has reiterated its buy rating on oil titan BP following its $4bn settlement with Anadarko, which the broker sees as an "important step towards resolution". On Monday, BP and US counterpart Anadarko have reached a settlement over the Deepwater Horizon rig explosion at the Macondo asset in the Gu
Read moreUPDATE: Tuesday broker round-up
18th Oct 2011 09:21
BP: UBS raises target from 450p to 480p, keeps buy rating. Whitbread: Peel Hunt keeps buy stance and 2,096p target. Whitbread: Evolution Securities confirms buy recommendation and 1,750p target. F&C Asset Management: Singer Capital Markets cuts target from 70p to 65p, fair value rating kept. Be
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