London midday: Shell leads advance
22nd Dec 2009 11:50
With two of its five most heavily weighted constituents notching up rises in excess of 2%, the FTSE 100 had a good morning session. Royal Dutch Shell and GlaxoSmithKline are the two heavy hitters boosting the blue-chip index's performance. Oil giant Shell gets a boost from firmer oil prices while d
Read moreSector movers: More gains for oil stocks
22nd Dec 2009 11:44
Oil stocks are again ascending. Cairn Energy, which continues its ascent from yesterday when it moved its highly-awaited Greenland drilling programme forward by a year, leads the risers. Shell, another strong gainer yesterday amid speculation chinese oil giants Sinopec and China National Offshor
Read moreLondon open: Footsie pushes on
22nd Dec 2009 08:47
Footsie is still making progress, boosted by the good gains on Wall Street overnight. Cairn Energy is the top performer for the second day on hoped for its Greenland drilling programme, which it brought forward by a year yesterday. The shares were also split on a ten-for-one basis today. Banks a
Read moreTuesday tips round-up: Cairn Energy, Hunting, Gem Diamonds
22nd Dec 2009 06:41
Shares in the FTSE 100 oil explorer Cairn Energy notched up the best gain among blue chips yesterday as it brought forward its eagerly awaited drilling campaign in offshore Greenland by a year. The best guess of RBS, Cairn's broker, is that the company will target discoveries in the region of 500 m
Read moreLondon Close: Footsie posts strong gain
21st Dec 2009 16:54
Footsie ended the day almost 2% higher after a strong performance throughout the day. The positive opening of Wall Street gave a further boost later in the afternoon. The Dow has jumped over 100 points helped by optimism that the $800bn plus Health Care Bill could get approved sooner rather than l
Read moreLondon afternoon: Dow gains lift Footsie
21st Dec 2009 14:47
Footsie is pushing forward following a strong start on Wall St fuelled by weakness in the dollar and related gains for the miners. The Dow has jumped over 80 points helped by optimism that the $800bn plus Health Care Bill could get approved sooner rather than later. Over here, Cairn Energy is sti
Read moreLondon midday: Oil fired Footsie
21st Dec 2009 12:00
Oil is fuelling the Footsie's rise today, with support from back-in-favour banks. Cairn Energy has secured a drill ship to get an early start on its exploration activities in Greenland. The oil company said drilling in Greenland will start a year ahead of schedule after it came to a deal with Hess
Read moreFTSE 100 movers: Cairn in demand
21st Dec 2009 11:26
Cairn Energy jumped to the top of the FTSE 100 movers on hopes for its prospects in Greenland after it secured a drill ship to start a year ahead of schedule. Barclays has got a lift from Deutsche Bank, which has reiterated its buy recommendations despite the threat of the extra capital requiremen
Read moreLondon open: Blue chips move higher
21st Dec 2009 08:46
Footsie has moved higher following a positive finish for US shares on Friday. Second line oil groups Cairn and Tullow Oil are the best performers following the spike in the crude price on Friday on renewed tension between Iran and Iraq. Banks have also rallied a little after heavy falls last week
Read moreCairn to explore Greenland ahead of schedule
21st Dec 2009 07:27
Cairn Energy has secured a drill ship to get an early start on its exploration activities in Greenland. The Stena Forth, a sixth generation dynamically positioned drill ship, has been contracted by the oil company to start operations in the summer of 2010 on Cairn's Disko West acreage in Greenland.
Read moreLondon open: Banks lead risers, RBS down
3rd Dec 2009 08:21
Barclays and Lloyds are leading London's top stocks higher in early dealings on Thursday, though Royal Bank of Scotland is an exception. RBS has dropped on news that that the bank's board is threatening to resign en masse if Alistair Darling will veto the group's £1.5bn bonus pot. On the positive
Read moreCairn in share split
3rd Dec 2009 07:38
Oil company Cairn Energy is to tackle its unwieldy share price by means of a 10 for 1 sub-division of its share capital. The effect of the move will be to multiply the number of shares held by each shareholder by 10 while, at the same time, reducing the value of each share by one-tenth. Shareholde
Read moreLondon close: Shares drop again in late trading
30th Nov 2009 16:32
London's blue chips recovered most of their losses in late afternoon trading and looked like they could be set for a positive finish before turning down again just before the close. Banks such as Lloyds Banking, Royal Bank of Scotland and Standard Chartered remained nervous about the debt situation
Read moreFTSE 100 movers: Financials head lower
30th Nov 2009 14:48
Financials and property companies led the way down today. Lloyds Banking Group and Royal Bank of Scotland are two of the banks that could be hardest hit by Dubai's financial problems. Lloyds is also in the midst of a massive £13.5bn rights issue. Investors are being offered 1.34 new shares for eve
Read moreLondon afternoon: Banks pare losses
30th Nov 2009 14:36
Leading share prices are still holding steady at lower levels as investors await further developments from Dubai. Banks such as Lloyds Banking, Royal Bank of Scotland and Standard Chartered remain nervous about the debt situation in emirate, though the morning's losses have been pared. HSBC defie
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