Sunday share tips: Glaxo, Genel, Treatt
1st Jun 2014 11:30
Buy shares of Genel Energy, Danny Fortson urged in the Sunday Times's Inside the City column. The oil explorer sold a tanker of crude from Kurdistan last month for the market rate of more than $100 a barrel. Previous sales have been below the Brent crude price because of lack of infrastructure and p
Read moreTuesday broker round-up UPDATE
13th May 2014 09:08
Aberdeen Asset Management: Espirito Santo ups target price from 514p to 550p maintaining its buy recommendation. Asia Resource Minerals: JP Morgan starts with a target price of 210p and a neutral rating. Babcock International: Credit Suisse initiates with a target price of 1350p and an outperform
Read moreGenel Energy boosts Q1 production and sees more rises in 2014
22nd Apr 2014 07:11
Middle East- and Africa-focused oil and gas group Genel Energy, headed by former BP boss Tony Hayward, unveiled higher first-quarter production and said it expected output and revenue to rise in 2014. Genel said net working interest production averaged 50,000 barrels of oil per day (bopd), up 35% o
Read moreWednesday broker round-up UPDATE
16th Apr 2014 08:44
Afren: Investec cuts target price from 200p to 195p and stays with its buy recommendation. Alexander Mining: Northland lowers target price from 8.1p to 6.1 and maintains a buy recommendation. Capita Group: JP Morgan ups target price from 1261p to 1279p and maintains an overweight rating. Central
Read moreNumis highlights top picks in oil sector
14th Apr 2014 10:48
Numis Securities has labelled its top picks in the oil sector in the aftermath of the recent Oil Market Report by the International Energy Agency (IEA). The broker's top picks include SOCO International, Genel Energy, Premier Oil, Faroe Petroleum and Borders and Southern. These are "stocks that we
Read moreGenel Energy acquires stake in two blocks offshore Angola
3rd Apr 2014 12:53
Genel Energy has announced plans to acquire a 15 per cent stake in two blocks offshore Angola in Africa. The purchase, which is being made in partnership with White Rose Energy Ventures (WREV), will give Genel a stake in exploration licences that hold multi-billion barrel prospectivity and represe
Read moreCairn Energy plugs exploration well offshore Morocco
17th Mar 2014 07:30
Oil and gas production firm Cairn Energy has revealed that one of its exploration wells offshore Morocco has been plugged and abandoned without testing. Drilling of the JM-1 well, located in the Juby Maritime blocks, started in January to evaluate Upper Jurassic and Middle Jurassic objectives. In
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreGlencore Xstrata likely to eschew Hayward as chairman
5th Mar 2014 16:07
Former BP boss Tony Hayward is unlikely to retain the Chairman's seat at Glencore Xstrata full-time unless he gives up his role at another company. Hayward, who oversaw BP during its notorious Deepwater Horizon oil spill, has filled in as Interim Chairman since last May after Sir John Bond was vot
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 moreTuesday broker round-up UPDATE
21st Jan 2014 08:17
BG Group: Credit Suisse ups target price from 1170p to 1200p, while leaving its underperform rating unchanged. BHP Billiton: UBS lowers target price from 2090p to 2060p, while its buy recommendation is kept. Diageo: UBS cuts target price from 2050p to 2000p maintaining a neutral rating. DP World
Read moreGenel Energy's production and revenues rise in 2013
15th Jan 2014 09:34
Oil company Genel Energy said the completion of the Kurdistan Region of Iraq (KRI) independent pipeline infrastructure has paved the way a steady increase in export volumes this year. The first KRI pipeline oil has arrived at Ceyhan in Turkey and the Kurdistan regional government (KRG) has announce
Read moreTuesday tips round-up: Genel, HomeServe, UBM
14th Jan 2014 07:07
Authorities in Kurdish Iraq on Monday announced that the first oil has flowed through a new pipeline to Turkey. That is a landmark achievement as until recently oil had to be transported out by lorry, no less, with much of it then having to be sold on the local market. The main UK-listed beneficiari
Read moreSunday newspaper roundup: Morrisons, BP, Premier Foods
12th Jan 2014 16:05
Morrisons aims to return up to 800m pounds to investors by selling real estate, the Sunday Times said. The supermarket chain's property holdings are worth 9bn pounds and it owns 90 per cent of the portfolio. Big shareholders think Morrisons could cut its freehold ratio to 80 per cent and stay overwh
Read moreThursday broker round-up UPDATE
12th Dec 2013 08:13
British American Tabacco: Credit Suisse reduces target price from 3700p to 3550p and retains its outperform rating. City of London Inc Group: N+1 Singer cuts target price from 260p to 220p downgrading to hold. Diageo: Credit Suisse reduces target price from 2350p to 2200p and maintains an outperfo
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