10th Mar 2015 11:53
Pearson: Barclays reiterates equal-weight recommendation and keeps target at 1,405p. UBM: Westhouse Securities takes target to 599p from 552p but reiterates add. ARM Holdings: Citi keeps at buy with a 1,35p target price. Kaz Minerals: Jefferies shaves target to 250p from 275p and reiterates hold.
Read more5th Mar 2015 11:28
Genel Energy, the Iraqi oil producer led by former BP chief Tony Hayward, extracted 58% more oil in 2014 than the year before and expressed its confidence that delayed payments from the Kurdistan regional government will resume shortly. The company, listed among the small caps on London's main marke
Read more20th Feb 2015 11:54
Panmure Gordon has reiterated its 'buy' recommendation for Standard Life after the insurer beat forecasts with its 2014 results on Friday, saying it expects the shares to rally. "These results were ahead of expectations and we anticipate that the strong underlying performance that suggests that ther
Read more20th Feb 2015 09:43
Despite the recent rally in oil prices uncertainties still remain for the sector, according to Westhouse Securities which picked out Faroe Petroleum, Genel Energy and Ithaca Energy as its key recommendations in the face of ongoing volatility. Brent oil, which had fallen to a low of $47.68 a barrel l
Read more12th Jan 2015 15:21
Another tumble in the price of oil knocked stocks in the energy sector on Monday with investors concerned that the continued decline in crude prices will continue, while producer Afren lost over a quarter of its value after a disappointing project update. Brent crude was down 4.7% at $47.75 a barrel
Read more17th Dec 2014 15:52
Chakib Sbiti, independent director at Genel Energy, on Wednesday bought 0.5m shares for 642.9p in the oil explorer and producer. Sbiti, who joined the company in 2012, spent £321,450 in the transaction, and now holds a total of 0.8m shares. The Middle Eastern oil producer, which is headed by former
Read more2nd Dec 2014 11:27
Middle Eastern oil & gas producer Genel Energy has started to receive government payments for oil exported from its operations in Kurdistan. Genel, led by former BP boss Tony Hayward, said it had received a $30m gross payment from the Kurdistan Regional Government (KRG) for oil exported through the
Read more21st Nov 2014 12:26
Broker Liberum has lifted its target price for budget airline Easyjet from 1,650p to 1,725p and repeated its 'buy' recommendation, hailing the company's effort to adapt to an "inflationary world". Analyst Gerald Khoo said while non-fuel unit cost inflation is set to rise, Easyjet's so-called 'lean'
Read more21st Nov 2014 11:06
Westhouse Securities has called for investors in the oil and gas sector to be a "bit more patient" with oil prices currently rumbling along at multi-year lows, as it highlighted buying opportunities in the sector. Brent crude has now fallen over 25% to $79 a barrel since hitting a high of $115 a bar
Read more17th Nov 2014 10:32
African Barrick Gold: Investec reduces target price from 262p to 170p and downgrades to sell. Associated British Foods: Liberum initiates with a target price of 3470p and a buy recommendation. Bodycote: Investec lowers target price from 750p to 745p and maintains its buy recommendation. Centamin:
Read more13th Nov 2014 15:03
A sharp drop in the price of Brent crude to below $80 a barrel sent oil stocks lower on Thursday, with oil prices now at their lowest levels in over four years. Tullow Oil was among the worst performers as a string of brokerages cut their target prices for the stock. 'Big Oil' group Royal Dutch She
Read more13th Nov 2014 11:49
Shares in San Leon and Genel Energy took a hit on Thursday after the groups reported that the M-1 well on the Sidi Moussa permit offshore Morocco was to be plugged and abandoned. The well failed to produce product oil at sustainable rates, which it said was potentially the result of reservoir damage
Read more10th Nov 2014 12:45
Analysts showed their disappointment with a poorly-received statement from Serco on Monday, as the outsourcing company announced a profit warning, £1.5bn of write-downs, and a proposed a rights issue. Oriel Securities analysts said the update "provides some colour on the future shape of the group".
Read more10th Nov 2014 11:01
UBS has upgraded its recommendation for Anglo-Turkish oil explorer Genel Energy from 'neutral' to 'buy', saying that "oil and money [are] both flowing" in the Kurdistan region of Iraq. The bank said that Genel is Kuridistan's leading resource holder with an estimated 1.6bn barrels (bbl) of oil equiv
Read more6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
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