MARKET TALK: Cairn India 1Q Net Profit Likely INR4.50B - Poll
27th Jul 2010 03:58
0258 GMT [Dow Jones] PREVIEW: Cairn India (532792.BY) 1Q consolidated net profit likely up nearly 10X to INR4.50 billion vs INR454.4 million in 1QFY10, while revenue likely rise more than 5X to INR10.50 billion vs INR2.05 billion, shows Dow Jones poll. Alchemy Research says firm to benefit from high
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
26th Jul 2010 09:04
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0804 GMT [Dow Jones] Evolution Securities cuts Cairn Energy (CNE.LN) to neutral from buy following a run up in the company's
Read moreMARKET TALK: Evolution Cuts Cairn Energy To Neutral From Buy
26th Jul 2010 09:04
0804 GMT [Dow Jones] Evolution Securities cuts Cairn Energy (CNE.LN) to neutral from buy following a run up in the company's shares of 15% in the last three months. "The shares though are now trading 14% above our target price based on the core plus risked upside," it says. "While an outright sell
Read moreMARKET TALK: Deutsche Bank Cuts Tullow Oil Price Target
14th Jul 2010 09:37
0837 GMT [Dow Jones] Deutsche Bank cuts Tullow Oil (TLW.LN) price target to 1255p from 1295p. It describes FY '10 as a "pivotal year" as the company transitions to a more balanced development-exploration business. Deutsche says this will build Tullow's core value, but it notes development lacks the
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 09:37
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0837 GMT [Dow Jones] Deutsche Bank cuts Tullow Oil (TLW.LN) price target to 1255p from 1295p. It describes FY '10 as a "p
Read moreLondon close: Footsie powers forward
8th Jul 2010 16:59
Footsie's strong recovery continued for a third day with the blue chip index closing above 5,100 driven by buoyant financial services companies. The index is up by more than 300 points this week and to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's
Read moreLondon afternoon: Footsie on fire
8th Jul 2010 14:13
Bullish banks and rising commodity prices have sparked a fresh rally, taking this week's recovery near to 300 points and the leading index to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all
Read moreBroker tips: Oil explorers, Anite, Interserve
6th Jul 2010 10:58
Nomura Securities says oil explorers and producers have been flavour of the month in July, buoyed by a prospective bid for Dana Petroleum and the exploration success in the UK North Sea by Premier Oil. "The [explorers & producers] group is drilling for prospects that could be worth up to 100% of c
Read moreBroker snap: Oil explorers in vogue, says Nomura
6th Jul 2010 10:50
Nomura Securities says oil explorers and producers have been flavour of the month in July, buoyed by a prospective bid for Dana Petroleum and the exploration success in the UK North Sea by Premier Oil. "The [explorers & producers] group is discounting around US$64/bbl in our base case NAVs [net as
Read moreFTSE 100 movers: Oil firms in demand
2nd Jul 2010 17:09
The potential bid for Dana Petroleum appears to have encouraged buying in its larger oil and gas peers. Tullow Oil and Cairn Energy lead the Footsie risers. BP, though, is going the other way as it considers what it can sell to help pay for the Gulf of Mexico spill. The Australian government's d
Read moreLondon close: Stocks cling on to gains
2nd Jul 2010 16:57
Leading shares went into a swoon in the final two hours of the trading session, taking their lead from the US which, after spending a while to analyse the non-farm payrolls data, moved lower. Despite coming off the top in late afternoon Footsie finished the day in positive territory, largely due t
Read moreLondon afternoon: Shares recover from US jobs jolt
2nd Jul 2010 14:16
The release of US jobs data checked Footsie's rise, prompting a 25 point fall in a matter of minutes, but the blue-chip index has since resumed its cautious climb. US jobs data for June came in worse than expected overall, but it was a mixed message with the unemployment rate falling to a 12-month
Read moreLondon midday: Stocks steady ahead of US jobless
2nd Jul 2010 12:22
Footsie ended the morning on or around its high for the day but trading is quiet ahead of the release this afternoon of the US non-farm payrolls data. Resource stocks continue to lead the way while banks claw back some of their recent losses as fears over European banks' balance sheets recedes. Da
Read moreMARKET TALK: Canaccord Lifts Cairn Energy Target Price
2nd Jul 2010 10:30
0930 GMT [Dow Jones] Cannacord Research raises its price target for Cairn Energy (CNE.LN) to 398p from 368p after Cairn commenced drilling operations at its Sigguk Block, offshore Greenland. Cannacord says the operation in Greenland has the potential to transform the company's outlook. It adds that
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
2nd Jul 2010 10:30
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0930 GMT [Dow Jones] Cannacord Research raises its price target for Cairn Energy (CNE.LN) to 398p from 368p after Cairn co
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