Tuesday broker round-up
20th Oct 2015 11:15
(ShareCast News) - Domino's Pizza Group: Citigroup upgrades to buy, bumps up target price to 1,170.00p. Randgold Resources Ltd: Deutsche upgrades to buy, raises target price to 5,050.00p. Aveva Group: Berenberg Bank upgrades to buy, lifts target price to 2,450.00p. Dairy Crest Group: HSBC reiterat
Read moreGenel Energy's president retires
14th Oct 2015 08:57
(ShareCast News) - Mehmet Sepil has retired from his role as president of Genel Energy, the exploring company confirmed on Wednesday. Sepil, who founded the company and was its chief executive until it merged with Vallares in 2011, said he would retire with immediate effect. "Mehmet leaves a legacy
Read moreCredit Suisse sees slow recovery in oil, cuts targets
9th Sep 2015 09:06
(ShareCast News) - Demand for oil will recover as will prices, but more slowly and from a lower base, creating a challenge for European exploration and production companies, according to new research from Credit Suisse. "A prolonged downturn as we now envision creates greater challenges to the Europ
Read moreGulf Keystone to receive $12m from Kurdistan Regional Government
7th Sep 2015 12:28
(ShareCast News) - Gulf Keystone said the Kurdistan Regional Government has authorised the payment of $12m to be wired to the company's account in the next seven days. The independent oil and gas exploration and production company, which operates the Shaikan field in the Kurdistan region of Iraq, sa
Read moreGenel names former BP boss Hayward chairman; posts 41% production rise
13th Jul 2015 11:10
(ShareCast News) - Genel Energy said production in the first half increased 41% year-on-year and announced that as of 12 July, Rodney Chase resigned from the company and former BP boss Tony Hayward has been appointed chairman in his place. Murat Özgül, the former president of Genel's Turkish and Ira
Read moreSunday newspaper round-up: Energy and financial regulators, Sainsbury's and Supergroup
5th Jul 2015 16:03
The Big Six energy firms are expected to escape demands for a major break-up when the Competition and Markets Authority (CMA) this week announces the results of its lengthy review into competition in the industry. The competition regulator is expected to say that the vertical integration structure u
Read moreTuesday broker round-up
16th Jun 2015 08:49
Imperial Tobacco Group: JP Morgan moves to neutral from not rated with 3,550p target. Credit Suisse reinstates coverage with outperform and 3,600p target. British American Tobacco: Credit Suisse reinstates coverage at outperform with 3,800p target. HSBC: Santander ups to hold. TT Electronics: Bere
Read moreSector movers: Natural resources stocks weigh
15th May 2015 11:43
London-listed natural resources related stocks took another knock on Friday, as the Chinese economy continued to send mixed signals, Greece weighed on sentiment, and oversupply in the oil markets returned to hound trading. At 15:00 BST, the FTSE 100 was marginally in the red by 0.27% or 18.53 points
Read moreCommodities: Morgan Stanley reiterates attractive stance on Energy sector
21st Apr 2015 09:11
The decision over the weekend by the People´s Bank of China to cut its reserve requirement ratio for large financial institutional by 100 basis points, twice the usual amount, stoked demand for equities, but failed to ignite buying in industrial metals. Three-month copper futures ended the session w
Read moreShell-BG Group takeover expected to spark M&A fever in oil sector
8th Apr 2015 09:37
Shell's £47bn takeover offer for BG Group not only sent shares in the natural gas outfit soaring on Wednesday, but gave other stocks in the sector a big boost. The deal sparked speculation that it may mark the start of a new round of industry consolidation, not seen since the late 1990s, as business
Read moreTuesday broker round-up
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 moreGenel Energy confident of Kurdish payments after full year losses
5th 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 moreBroker tips: Standard Life, Serco, Oil stocks
20th 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 moreWesthouse names Faroe, Genel and Ithaca as top picks amid oil volatility
20th 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 moreSector movers: Energy stocks tank as oil prices continue to tumble
12th 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
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