Wednesday broker round-up UPDATE
5th Feb 2014 09:04
Afren: Westhouse Securities ups target price from 165p to 180p retaining a buy recommendation. Amlin: Nomura lowers target price from 467p to 442p maintaining a neutral rating. ARM Holdings: Jefferies reduces target price from 1300p to 1140p, while keeping a buy recommendation. Deutsche Bank cuts
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreEland Oil & Gas faces delays in Nigeria
14th Aug 2013 16:04
West African explorer Eland Oil & Gas said it was facing delays to oil production from wells on a project in Nigeria. Eland said it had experienced some delays in contracting services and permits on its OML 40 licence in the West African nation. As a result, first oil production above 2,500 barrel
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 moreLondon close: US jobs data sends FTSE 100 to seven-week high
3rd May 2013 16:31
The FTSE 100 jumped one per cent higher to a seven-week high on Friday afternoon with stock markets rejoicing as the US jobs report smashed forecasts in April and previous months' data was revised higher. London's benchmark index closed up 61 points (+0.94%) to close at 6,521, a level not seen sinc
Read moreEland Oil & Gas proceeding with plans to restore production at two wells
8th Mar 2013 12:16
AIM-listed Eland Oil & Gas is proceeding with planning for a rehabilitation and restart of existing production facilities at its OML 40 asset, an operational update has shown. The company also stated that planning for a further field development drilling campaign in 2013 was also progressing. OML
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreShell sells Nigerian assets
3rd Sep 2012 09:08
Shell, Europe's biggest oil company, has announced the sale of some of its Nigerian assets to Elcrest, a subsidiary of newly-listed AIM energy company Eland Oil and Gas. The company says the divestment of its 30% interest in Oil Mining Lease 40 for $102m in the Niger Delta is part of a strategy to
Read moreEland Oil is largest AIM flotation in more than three years
31st Aug 2012 09:17
Eland Oil and Gas, an energy firm based in Aberdeen but focused on West Africa, is keen to get cracking on an oil mining lease it has purchased in the Niger delta after making its debut on AIM. The group, which raised £118m (£106.8m net) through a placing of shares at 100p a throw, started trading
Read moreLosses narrow at Elan
21st Jul 2009 15:01
Neuroscience-based biotechnology company Elan remained mired in the red in the second quarter despite a strong performance from the Biopharmaceuticals business and Elan Drug Technologies (EDT). Total revenue in the three months to 30 June rose to $280.9m from $245.6m, while the loss before tax narr
Read moreTechMARK movers: Elan narrows loss
21st Jul 2009 13:08
Irish drug firm Elan saw net losses narrow to $68.2m from $71.5m in the second quarter thanks to a rise in revenues. Revenues were up by 14%, led by a 30% increase in sales from Tysabri and a 10% increase in revenues from EDT. "For the full year 2009, we remain on target to record double-digit re
Read moreLondon close: Heavy losses for Footsie
2nd Jul 2009 16:37
Footsie closed the day nursing triple-digit losses as investors took fright following poor US monthly jobs figures. WPP was the day's worst performer as Citigroup downgraded the UK advertising firm to sell from hold, saying a continuation of the trends in the second quarter would suggest a 7.5% org
Read moreTechMARK movers: Elan up on Johnson & Johnson deal
2nd Jul 2009 14:17
Shares in Elan rallied on news that Johnson & Johnson will acquire substantially all of the assets and rights of the Irish drug firm related to its Alzheimer's Immunotherapy Program. Johnson & Johnson, through its affiliate, will invest $1bn in Elan in exchange for newly issued American Depositary
Read moreSunday newspaper round-up: General Motors, Vauxhall/Opel, BSkyB
31st May 2009 10:25
General Motors, once the largest company in the world, is expected to file for bankruptcy in a New York court tomorrow. Executives and politicians on both sides of the Atlantic are spending the weekend finalising details ahead of the historic capitulation that comes after months of talks and billion
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