Cairn Energy plugs exploration well offshore Morocco
17th Mar 2014 07:30
Oil and gas production firm Cairn Energy has revealed that one of its exploration wells offshore Morocco has been plugged and abandoned without testing. Drilling of the JM-1 well, located in the Juby Maritime blocks, started in January to evaluate Upper Jurassic and Middle Jurassic objectives. In
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreCairn Energy founder Sir Bill Gammell steps down as Chairman
3rd Mar 2014 07:54
Sir Bill Gammell, the founder and former boss of Cairn Energy, is to retire as Non-Executive Chairman after two and a half decades on the board of the oil and gas group. Gammell, who was appointed to the board as Chief Executive Officer (CEO) on Cairn's initial listing in 1988, stood down from that
Read moreFriday broker round-up UPDATE
31st Jan 2014 09:43
Aberdeen Asset Management: Berenberg cuts target price from 555p to 530p staying with its buy recommendation. Amlin: Canaccord Genuity moves target price from 420p to 430p reiterating a hold recommendation. ARM Holdings: Credit Suisse cuts target price from 1150p to 1100p and reiterates an outperf
Read moreCairn Energy ready to 'defend its position' over Indian tax case
31st Jan 2014 08:08
Cairn Energy issued a statement saying it would 'take whatever steps are necessary to protect the company's interests and to defend its position' following the recent request for information from the Indian Income Tax Department. The FTSE 250 oil and gas exploration and development company was tol
Read moreLondon pre-open: FTSE to inch lower early on
31st Jan 2014 07:22
- FTSE to open down five points - January Eurozone inflation to be closely watched - Eurozone unemployment set to stay at 12.1 per cent City sources predict the FTSE 100 will open five points below yesterday's close of 6,538.45, tracking declines seen in Asia overnight after Japanese stocks fell on
Read moreThursday broker round-up UPDATE
30th Jan 2014 09:06
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation. Anglo American: Credit Suisse ups target price from 1600p to 1650p and leaves its neutral rating unchanged. Antofagasta: Citi takes target price from 270p to 290p, but still recommends selling. JP Morgan
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreLondon open: Markets drop as sell-off continues, BG Group plummets
27th Jan 2014 08:28
- FTSE 100 at lowest level since December 18th - Japan registers record annual deficit in 2013 - BG Group disappoints with 2014 guidance - AT&T quashes Vodafone bid speculation techMARK 2,762.54 -0.98% FTSE 100 6,581.53 -1.23% FTSE 250 15,547.29 -0.99% The sell-off that began at the end of last we
Read moreLondon close: Market sell-off leaves FTSE 100 at one-month low
24th Jan 2014 17:05
- Markets at lowest level since December 20th - EM currency weakness hits risk appetite - Aberdeen sinks sharply on EM worries after broker downgrade techMARK 2,789.84 -1.34% FTSE 100 6,663.74 -1.62% FTSE 250 15,703.44 -1.73% The FTSE 100 suffered triple-digit falls on Friday, dropping to levels n
Read moreFTSE 250 movers: Imagination Tech continues to slide
24th Jan 2014 15:30
Imagination Technologies Group has continued its sharp decline again today. The share price has fallen from 214p on Tuesday to its current level of 182p. Cairn Energy, the oil and gas exploration and development group, dropped after it informed investors that it was contacted by the Income Tax Depa
Read moreLondon midday: UK markets hit two-week low as downgrades hit blue chips
24th Jan 2014 11:20
- Aberdeen, Lloyds, easyJet, Whitbread hit by downgrades - US stock futures point to another sell-off - Carney hints at scrapping forward guidance techMARK 2,800.83 -0.95% FTSE 100 6,697.93 -1.11% FTSE 250 15,732.15 -1.55% UK markets were trading down over one per cent by Friday lunchtime with a n
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreLondon pre-open: Small rise expected on FTSE
24th Jan 2014 07:14
- Modest rise expected on FTSE - Carney and Draghi both due to speak at World Economic Forum - Royal Mail posts two per cent rise in LFL nine month revenue City sources predict the FTSE 100 will open seven points above yesterday's close of 6,773.28, ignoring a weak performance in both Asia and the
Read moreCairn Energy in discussions with Indian tax man
24th Jan 2014 07:05
Cairn Energy, the FTSE 250-listed oil and gas exploration and development group, has informed investors that it was contacted by the Income Tax Department of India to discuss income tax assessments for the year ending March 31st 2007. While discussions were ongoing, Cairn was instructed to hold it
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