Cairn Energy partner plugs two wells in Norwegian North Sea
15th Jan 2014 08:08
Two appraisal wells in the Norwegian North Sea 20 per cent-owned by Cairn Energy are to be plugged and abandoned, according to the company's partner Wintershall Norge. Wintershall, which is the operator of production licence 418 with a 35% interest, is close to completing drilling of appraisal well
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
Read moreSunday newspaper roundup: Morrisons, BP, Premier Foods
12th Jan 2014 16:05
Morrisons aims to return up to 800m pounds to investors by selling real estate, the Sunday Times said. The supermarket chain's property holdings are worth 9bn pounds and it owns 90 per cent of the portfolio. Big shareholders think Morrisons could cut its freehold ratio to 80 per cent and stay overwh
Read moreWednesday broker round-up UPDATE
4th Dec 2013 09:21
Afren: FinnCap lowers target price from 170p to 165p and downgrades to hold. Amlin: Espirito Santo upgrades to buy with a target price of 509p. Betfair: Citi raises target price from 1150p to 1225p maintaining a buy recommendation. Brewin Dolphin: Canaccord Genuity increases target price from 285
Read moreThursday broker round-up UPDATE
28th Nov 2013 08:23
Anglo American: Liberum Capital upgrades to hold with a target price of 1150p. Associated British Foods: Jefferies increases target price from 1750p to 2400p, while staying with its hold recommendation. Beazley: Canaccord Genuity ups target price from 260p to 270p leaving its buy recommendation un
Read moreMonday broker round-up UPDATE
18th Nov 2013 08:10
AGA Rangemaster: N+1 Singer raises its target price from 150p to 175p and keeps a buy recommendation. APR Energy: Jefferies cuts target price from 1300p to 1260p retaining a buy recommendation. Atkins (WS): LIberum Capital increases target price from 1300p to 1400p maintaining a buy recommendation
Read moreTuesday broker round-up UPDATE
5th Nov 2013 08:57
Afren: FinnCap ups target price from 130p to 140p keeping a hold recommendation. African Barrick Gold: Westhouse Securities raises target price from 115p to 170p, while downgrading to sell. Associated British Foods: Numis downgrades to reduce with a target price of 1845p. Panmure Gordon ups target
Read moreCairn Energy enters farm-in agreement offshore North West Africa
28th Oct 2013 11:20
Cairn Energy has begun drilling operations offshore Morocco and added further frontier exploration acreage to its Atlantic Margin portfolio, it announced Monday. The new drilling operations are the result of the company entering into a farm-in agreement with Kosmos Energy and the Moroccan Nation
Read moreFTSE 250 movers: Polymetal shares leap on record Q3
17th Oct 2013 15:31
Shares in Polymetal International were on Thursday racing ahead after the group reported a record-setting third quarter which saw total gold equivalent production of 413,000 oz, up 30 per cent year-on-year. For the nine months ended September 30th, gold equivalent production totalled 972,000 oz, up
Read moreCairn Energy to begin Moroccan operations shortly
17th Oct 2013 14:26
Cairn Energy, the FTSE 250 oil and gas exploration and development company, on Thursday cheered investors with the news it will shortly begin the first in a series of wells along the Atlantic Margin, operating offshore Morocco. The group said the drilling programme will target 4.0bn barrels of oil
Read moreWednesday broker round-up UPDATE
2nd Oct 2013 08:02
Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreThursday broker round-up UPDATE
22nd Aug 2013 07:25
Aggreko: RBC Capital reduces target price from 1850p to 1680p, while its neutral rating remains unchanged. Aviva: JP Morgan raises target price from 393p to 436p and retains an overweight rating. BHP Billiton: Canaccord Genuity takes target price from 1950p to 2050p maintaining a hold recommendati
Read moreTuesday broker round-up UPDATE
20th Aug 2013 08:26
AMEC: Liberum Capital cuts target price from 1135p to 1120p and reiterates a hold recommendation. BAE Systems: Investec increases target price from 370p to 450p upgrading from hold to add. Bovis Homes Group: Deutsche Bank shifts target price from 900p to 901p and keeps a buy recommendation. Citi r
Read moreCairn Energy outlines major drilling programme as losses deepen
20th Aug 2013 08:13
Cairn Energy unveiled details of a "12 month, multi-well high impact frontier exploration programme" after it plunged deeper into losses at the half year mark. The Edinburgh-based oil and gas explorer said the drilling progamme was expected to kick off next month with two wells offshore Morocco, fo
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