Thursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreLondon midday: Stocks erase gains after UK construction data, Eurozone growth forecasts
4th Nov 2014 11:25
A slowdown in UK construction expansion and downgrades to Eurozone growth forecasts hit UK stocks on Tuesday morning, with the FTSE 100 having erased early gains by lunchtime. Well-received results from Imperial Tobacco, Associated British Foods and Legal & General weren't enough to prop up the benc
Read moreCairn underway with second Senegal well but offers no India news
30th Oct 2014 14:47
Third quarter results from Cairn Energy offered no news on its Indian tax travails as the company said it will write off its unsuccessful Aragon and Ensis wells. The FTSE 250 group, which reiterated that it was fully funded through to free cash flow in 2017, said it was now underway on its second we
Read moreThursday broker round-up UPDATE
30th Oct 2014 08:36
Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta
Read moreTuesday broker round-up UPDATE
28th Oct 2014 09:18
Afren: Credit Suisse lowers target price from 132p to 115p staying with its outperform rating. African Barrick Gold: Westhouse moves target price from 230p to 240p and keeps an add rating. Anglo American: Investec reduces target price from 1603p to 1588p and keeps a buy recommendation. APR Energy:
Read moreLondon midday: Oil stocks lead UK markets lower
20th Oct 2014 11:49
Anyone hoping for a positive start to the week on the stock market following the recent volatility would have been disappointed on Monday as UK equities suffered more steep falls. London's FTSE 100 was trading 0.8% lower at 6,259 by midday with energy stocks leading the fallers as oil prices weakene
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreFTSE 250 movers: Telecom Plus climbs as oil stocks slide
10th Oct 2014 15:13
Utility services group Telecom Plus said it is happy with market expectations for the full year after strong organic growth in the first half, causing shares to surge on Friday. The company said that the strong growth in both customers and service numbers seen at the start of the year accelerated in
Read moreFTSE 250 movers: Cairn Energy climbs on oil discovery
7th Oct 2014 16:18
Oil and gas group Cairn Energy was a high riser on the FTSE 250 after discovering oil at its FAN-1 exploration well offshore Senegal, causing shares to surge. The find "materially upgrades the prospectivity" of the Sangomar Deep Block, the company said. Cineworld shares also climbed after it was ann
Read moreLondon midday: Mining gains offset by falls from airline, healthcare stocks
7th Oct 2014 11:36
Poor economic data was weighing on UK stocks on Tuesday, with decent gains in the mining sector offset by falls from airlines and pharmaceuticals. The FTSE 100 was trading 0.6% lower at 6,522 by around midday. Nervousness ahead of the start of third-quarter earnings season in the States was also ca
Read moreOriel hails significant oil discovery by Cairn Energy
7th Oct 2014 10:23
Oriel Securities has repeated its 'buy' rating for Cairn Energy after the announcement of an oil discovery by the company offshore Senegal on Tuesday. The discovery "materially upgrades the prospectivity" of the Sangomar Deep Block, Cairn said. Cairn, which has a 40% working interest in the block,
Read moreLondon open: UK stocks drop despite mining gains
7th Oct 2014 08:27
Strong gains in the UK mining sector weren't enough to keep London's FTSE 100 from slipping into the red on Tuesday morning. Indices across Europe were tracking a weak finish on Wall Street and a mixed performance on Asian markets overnight. The FTSE 100 was trading 0.6% lower at 6,526 within the o
Read moreFTSE 250 movers: CSR rises after Microchip Tech deadline extended
25th Sep 2014 14:34
Shares in electronics group CSR were given a lift as the UK takeover panel extended the deadline for US suitor Microchip Technology to complete its bid negotiations. The previous deadline of 25 September has now been pushed back to 15 October. Oil and gas group Cairn Energy was higher after announci
Read moreCairn Energy agrees farm-out deal with Dyas for Catcher licence
25th Sep 2014 07:49
Oil and gas group Cairn Energy has entered into a farm-out agreement for the sale of a 10% interest in the Catcher development and adjacent acreage in the UK North Sea. The agreement with sector peer Dyas is in return for a 10% stake in five licences, including Catcher, on the UK Continental Shelf t
Read moreThursday broker round-up UPDATE
21st Aug 2014 11:34
Beowulf Mining: Cantor Fitzgerald places its target price under review, while keeping a buy recommendation. Cairn Energy: Investec ups target price from 220p to 245p and reiterates a buy recommendation. Carillion: Oriel reinstates with a target price of 402p and a buy recommendation. Gem Diamonds
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