London close: Remarks from Fed officials help steady nervous investors
16th Oct 2014 16:37
Thursday's session closed with modest losses as equities tried to recover from the previous day's spike in volatility, amid continuing concerns surrounding the financial stability of Greece and more bad news for blue chip pharmaceutical Shire. After dropping early on and remaining low for much of th
Read moreFTSE 250 movers: Bwin.party climbs after pleasing with Q3 results
16th Oct 2014 16:16
Gaming giant Bwin.party rose after it reported a 2% rise in third quarter revenue to €148.7m as an increase in sports betting sales offset a fall in bingo, casino and poker. Sports betting revenue advanced 11% to €58.8m, driven by higher margins, the World Cup and growth in the number of people usin
Read moreLondon midday: FTSE 100 drops another 1.8% as sell-off resumes
16th Oct 2014 11:39
In spite of an initial 'dead cat bounce' in early deals, London's FTSE 100 tanked again on Thursday morning with the index sinking to levels not seen since June 2013 The UK benchmark index was down 1.8% at 6,099 by lunchtime, having earlier touched a high of 6,282.95, with banking shares sinking sha
Read moreFTSE 250 movers: CSR leads on buy-out deal
15th Oct 2014 15:53
CSR shares leapt after fellow chip designer Qualcomm announced it was buying out the company for 900p a share or £1.56bn - a 36% premium to Tuesday's closing price. Infrastructure group Balfour Beatty saw its share price jump after appointing Qinetiq's chief executive officer Leo Quinn to take up th
Read moreMonday broker round-up UPDATE
22nd Sep 2014 11:28
Avation: WH Ireland shifts target price from 200p to 206p and maintains a buy recommendation BAE Systems: UBS raises target price from 460p to 505p and reiterates a buy recommendation. Centrica: Goldman Sachs ups target price from 385p to 396p leaving its buy recommendation unchanged. Chariot Oil
Read moreLondon midday: UK stocks near two-week high as Scots vote against independence
19th Sep 2014 11:18
UK stocks advanced on Friday, poised to finish at their highest levels in two weeks, after the Scottish people voted in favour of the Union in a crucial independence referendum. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whic
Read moreLondon open: UK stocks rise as Scots vote 'no' to independence
19th Sep 2014 08:22
UK stocks staged a relief rally on Friday morning in the aftermath of the Scottish referendum, which saw people north of the border vote convincingly to remain part of the Union. Some 55.3% of Scots voted 'no' to independence from the UK while 44.7% voted 'yes', erasing concerns about a break-up whi
Read moreFTSE 250 movers: Oil stocks rise, gold and silver miners fall
15th Aug 2014 14:37
Oil stocks were leading the risers on the FTSE 250 on Friday with Afren, Premier Oil and Enquest making decent gains as oil prices bounced slightly after recent losses. Brent crude was higher after hitting a 13-month low on Thursday. In contrast, precious metal producers such as Centamin, Hochschil
Read moreThursday broker round-up UPDATE
14th Aug 2014 09:39
Admiral Group: Deutsche Bank reduces target price from 1330p to 1260p and maintains a hold recommendation. Balfour Beatty: Deutsche Bank lowers target price from 250p to 245p keeping its hold recommendation. Betfair: Jefferies raises target price from 1175p to 1230p maintaining a buy recommendatio
Read moreEnquest's H1 core earnings rise, capex guidance lifted
13th Aug 2014 10:00
Enquest, the North Sea-focused oil producer, increased its production in the first half by 18% year-on-year, the company announced on Wednesday. The group's revenue was $503.8m (£299.6m), while earnings before interest, tax, depreciation and amortisation rose 3.6% to $284m (£168.7m). Enquest produ
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreEnQuest expands Malaysian footprint with Seligi stake
13th Jun 2014 07:52
Oil company EnQuest is to expand its footprint in Malaysia through the purchase of an operated interest in the Seligi oil field and PM8 Production Sharing Contract (PSC). EnQuest's subsidiary EQ Petroleum Production Malaysia is buying ExxonMobil Exploration and Production Malaysia's interest in Sel
Read moreFriday broker round-up UPDATE
30th May 2014 09:14
ASOS: N+1 Singer reduces target price from 5300p to 4100p, while staying with its hold recommendation. Cairn Energy: JP Morgan cuts target price from 315p to 279p and maintains an overweight rating. Cobham: Canaccord Genuity increases target price from 285p to 320p and reiterates a hold recommenda
Read moreEnquest's oil production grows in first four months
16th May 2014 10:21
Enquest's oil production in the first four months of the year rose 25 per cent to 25,597 barrels of oil equivalent per day (boepd), according to a trading update on Friday. Output was driven by the Thistle/Deveron project which continued to benefit from the new production well which came onstream i
Read moreSunday newspaper round-up: AstraZeneca, BSkyB, interest rates
11th May 2014 11:23
Pfizer has been advised by a top US law firm that its assurances over the proposed £63bn takeover of AstraZeneca are legally binding, the Sunday Times reported. Chief Executive Ian Read hopes the opinion from Skadden Arps will help cool the political argument over his intended deal. He will be quest
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