EnQuest confirms growth is on course for the year
15th May 2013 08:34
Resources company EnQuest has said its growth remains on course for the year, and has confirmed production guidance of between 22,000 and 27,000 barrels of oil equivalent per day (boepd). During the four months to the end of April production averaged 20,494 boepd compared to 20,976 in the same per
Read moreTuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreTuesday broker round-up UPDATE
2nd Apr 2013 08:28
Afren: Liberum Capital shifts target price from 123p to 130p maintaining a hold recommendation. Amara Mining: Numis initiates with a target price of 80p and a buy recommendation. APR Energy: Espirito Santo downgrades to sell with a target price of 680p. ASOS: Goldman Sachs increases target price
Read moreFTSE 250 movers: ICAP slips after gloomy update
27th Mar 2013 16:43
Shares in ICAP fell over six per cent on Wednesday after the interdealer broker published a trading statement showing that trading conditions for the nine months ended December 31st 2012 were "extremely challenging". It said that group revenue for the year ending March 31st 2013 is expected to be
Read moreEnQuest's annual revenues fall on production drop
27th Mar 2013 07:11
Oil and gas company EnQuest saw revenues fall in 2012 as production dropped. Revenue fell by 5.0% to $889.5m from $936m in 2011 as output declined by 3.8% to 22,802 barrels of oil equivalent per day (boepd) from 23,698. EnQuest generated $593.9m in cash flow from operations, 9.5% down from the pr
Read moreEnQuest raises 145m pounds through bond issue
11th Feb 2013 08:18
North Sea oil operator EnQuest has raised 145m pounds from issuing a 10-year bond with a 5.5 per cent yield. The company issued £145m in total principal amount of the bonds. The estimated net proceeds of the offer were valued at £143.5m whilst the expenses relating to the admission of trading of th
Read moreLondon midday: Stocks fall on profit-taking after recent surge
4th Feb 2013 11:30
UK stocks were registering moderate losses on Monday morning as traders began to lock in profits following a strong start to the year. The FTSE 100 jumped a whopping 6.4% last month, its best January performance since 1989. "After impressive recent gains, European equities cooled in early trade th
Read moreLondon open: Banks weigh on the Footsie early on
4th Feb 2013 08:19
The FTSE 100 slipped into the red in early trading on Monday morning as investors took a breather after the impressive rally seen so far in 2013. Since the start of the year, the index has risen a whopping 7.62% and is now trading at levels not seen since mid-2008. "We may see a break in the recen
Read moreEnQuest reports oil production in line with expectations
4th Feb 2013 07:38
North Sea operator EnQuest has unveiled an operational update reporting that oil production is in line with its guidance. The company reported that average daily production stood at 22,802 barrels of oil equivalent per day (boepd) in 2012, in line with the guidance range of average production of 20
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