Enquest CEO family trust adds to already sizeable stake
8th Apr 2014 15:55
Amjad Bseisu, the Chief Executive Officer of oil and gas producer Enquest, has bought company shares via Double A, the trust in which his family is interested. Double A purchased 95,313 shares, taking its holding to 70.89m, equal to 8.83% of the company's share capital. At 121.40p each, the tran
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreFTSE 250 movers: Balfour Beatty lifted by broker rating
28th Mar 2014 15:25
Balfour Beatty rose after broker Jefferies initiated its coverage with a target price of 406p and a 'buy' recommendation. Synthomer was also on the up following JP Morgan's decision to up its target price from 244p to 260p. Oil and gas company Enquest was back in the red; it this week revealed th
Read moreFTSE 250 movers: WH Smith jumps on Investec target price increase
27th Mar 2014 14:16
WH Smith was a strong riser after Investec reiterated its 'buy' rating on the stock and raised its target price from 1,200p to 1,400p ahead of its first-half results on April 10th. The broker said is expects "High Street to show a modest improvement and Travel to benefit from the cyclical recovery t
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreThursday tips round-up: Lamprell, Enquest
27th Mar 2014 07:23
Oil and gas engineering services provider Lamprell´s shares took a knock on Wednesday following the company´s guidance for flat or little-changed revenues this year and next. The reaction looks a little overdone. Such an outlook was to be expected given current subdued industry conditions in the Nor
Read moreFTSE 250 movers: Partnership Assurance shares recover
26th Mar 2014 14:24
Partnership Assurance rose strongly today as the annuity provider climbed alongside others in the sector following last week's major sell-off which came on the back of the government's decision to bin compulsory annuities for pensioners. Just Retirement Group also made strong gains. Online gaming
Read moreEnquest revenues up, profits down as production rises
26th Mar 2014 07:31
- Revenue rises on increased output - Profit falls on higher cost of sales - Average price of oil declines - Production expected to grow in 2014 Oil and gas company Enquest achieved an 8.1 per cent increase in annual revenue to 961.2m dollars as an increase in production offset a fall in price of o
Read moreLondon pre-open: Ukraine to weigh heavily on FTSE
3rd Mar 2014 07:24
The FTSE is expected to open notably lower this morning, hit by the most recent developments in the Ukraine and ahead of what is set to be another busy week. City sources predict the FTSE 100 will open around 80 points lower than Friday's close of 6,809.70. The crisis in Ukraine has stepped up a g
Read moreEnQuest acquires assets from Centrica North Sea Oil
3rd Mar 2014 07:05
EnQuest has completed the acquisition of assets at UKCS Greater Kittiwake Area (GKA), which were previously owned by Centrica North Sea Oil. The GKA covers the Kittiwake, Mallard, Gadwall, Goosander and Grouse fields. It also acquired Centrica's stake in the Kittiwake to Forties oil export pipeli
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreWednesday newspaper round-up: Emerging markets, Ford, GM...
15th Jan 2014 07:23
An abrupt unwinding of central bank support for advanced world economies could cause capital flows to emerging markets to contract by as much as 80 per cent, inflicting significant economic damage and throwing some countries into crises, the World Bank has warned. Capital flows into emerging markets
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreWednesday broker round-up UPDATE
20th Nov 2013 08:46
Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.
Read moreEnQuest's oil production rises 7.2 per cent
15th Nov 2013 10:10
- Production up 7.2 per cent - Full-year output guidance unchanged - Kraken field development sanctioned EnQuest's production rose 7.2 per cent year-on-year to 23,129 barrels of oil equivalent per day (boepd) in the period from January 1st to October 31st, according to a trading update on Friday.
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