Premier Oil sells non-core assets in Norway to Cairn
20th Aug 2013 07:01
FTSE 250 oil exploration and production company Premier Oil is to offload its stake in two blocks in the Norwegian North Sea to sector peer Cairn Energy. Chief Executive Simon Lockett said that this was part of Premier's ongoing programme of non-core asset disposals. Premier Oil has sold its 20% i
Read moreWeek ahead: Resources results dominate
16th Aug 2013 14:00
Next week in London should be dominated by the natural resources and construction and engineering industries, with a host of blue chip half-year updates. The building sector figures in macro economic data too, with the British Bankers' Association unveiling the latest UK mortgage numbers and the US
Read moreLondon pre-open: Higher start expected after heavy sell-off
8th Aug 2013 07:31
Stocks are expected to rise slightly on Thursday morning as the FTSE 100 rebounds after a heavy sell-off the day before on concerns over US stimulus and the Bank of England's forward guidance. Helping sentiment this morning is some better-than-expected trade figures from China overnight which showe
Read moreCairn Energy farms in to Chariot block offshore Mauritania
8th Aug 2013 07:18
Oil and gas exploration and development firm Cairn Energy is expanding its operations in West Africa by farming in to Chariot Oil & Gas' C19 block offshore Mauritania, an attractive new country entry according to the company. The block, currently 90%-owned by Chariot and 10%-owned by Mauritanian st
Read moreCairn Energy gets green light for Porcupine Basin licences
9th Jul 2013 09:15
Cairn Energy's shares rose on Tuesday as the company received regulatory approval for its farm-in as operator of exploration licences in the Porcupine Basin, offshore West Ireland. The company was given the green light by the Minister of State at the Department of Communications, Energy and Natura
Read moreSunday share tips: BT Group, Cairn Energy, Dixons
23rd Jun 2013 18:46
Did outgoing BT Chief Ian Livingston do a good job? Well, the company´s shares fell 3.7 per cent on the announcement, wiping away 1bn pounds from its stockmarket value, so it would certainly seem so. Even so, its stock is up thrice from its 2009 low. Nevertheless, his successor will have to deliver
Read moreFriday broker round-up UPDATE
14th Jun 2013 08:15
Amlin: UBS starts with a target price of 400p and a neutral rating. Cairn Energy: JP Morgan takes target price from 320p to 340p maintaining a neutral rating. Catlin: UBS initiates with a target price of 475p and a neutral rating. Chemring: Credit Suisse increases target price from 210p to 260p a
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreThursday broker round-up UPDATE
30th May 2013 08:19
AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C
Read moreCairn Energy plans exploration in Morocco
16th May 2013 09:57
Cairn Energy has confirmed planning is underway for its first the first well in its exploration programme offshore Morocco. The multi-well exploration programme is on track to start later this year and is targeting more than 3.5bn barrels of oil equivalent (boe) of mean un-risked gross prospective
Read moreFurther opportunities added to Cairn's frontier drilling programme
7th May 2013 08:51
FTSE 250-listed Cairn Energy has reported a farm-in as operator to two licences offshore West of Ireland in the Porcupine Basin and six adjacent licensing option blocks. The acreage covers an area of 2,753 square km with more than 500 square kilometres of 3D seismic and is expected to provide loc
Read moreTuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreLondon midday: Chinese slowdown sinks miners and commodity prices
15th Apr 2013 11:21
A sell-off in the mining sector pulled the FTSE 100 over one per cent lower on Monday morning as disappointing growth figures from China and downgraded gold-price targets weighed on markets. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, wh
Read moreLondon open: Miners hammered after Chinese slowdown
15th Apr 2013 08:29
Mining stocks were registering sharp falls on Monday morning as a surprise slowdown in Chinese economic growth weighed on the outlook for commodities demand. China's first-quarter gross domestic product (GDP) growth dropped from 7.9% in the prior quarter to 7.7%, while the consensus forecast had be
Read moreLondon pre-open: FTSE to edge slightly lower ahead of busy week
15th Apr 2013 07:32
City sources predict the FTSE 100 will open down two points from Friday's close of 6,384, as traders brace themselves for another busy week, nationally and internationally. The week has begun on a less than positive note with China announcing less than impressive figures for both production and econ
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