Thursday preview: BoE unveils latest policy decision amid concerns of low inflation
8th Apr 2015 14:18
The Bank of England (BoE) is on Thursday widely expected to keep interest rates at the record low of 0.5% and the asset purchase programme at £375bn. The central bank's chief economist Andy Haldane last month suggested the possibility of a rate cut to address low inflation but Governor Mark Carney h
Read moreGulf Keystone successfully completes consent solicitation
8th Apr 2015 10:06
Oil explorer Gulf Keystone Petroleum has been granted permission to remove the book equity ratio covenant from the trust deed constituting the notes of its security agreement. The London-listed group said holders representing over 89% of the amount of notes outstanding took part in the vote, with 99
Read moreSunday share tips: Marks&Spencer, Gulf Keystone, Lookers
6th Apr 2015 15:20
Buy shares of Marks & Spencer, Questor advised in the Sunday Telegraph. The end to falling sales at M&S's clothing business was an important moment in the investment case for M&S after almost four years when the company had to rely on strong food revenues to help offset clothing's decline. The share
Read moreGulf Keystone's non-executive chairman announces retirement
31st Mar 2015 08:55
Gulf Keystone Petroleum's non-executive chairman is set to retire from his position at the embattled oil producer. Simon Murray, the former Glencore chairman is leaving the company immediately, without a replacement. The departure comes just after the company raised $40.6m from a share placement to
Read moreGulf Keystone extends deadline for lenders to accept loan proposals
24th Mar 2015 08:53
Oil explorer Gulf Keystone Petroleum said it has given its lenders more time to accept an incentivised offer to accept changes of $250m (£167m) of loan notes. Earlier in March, the London-listed group announced it was set to breach a technical covenant of the debt in a bid to amend the loan terms wi
Read moreTuesday broker round-up
3rd Mar 2015 16:59
St. James's Place: Morgan Stanley ups target to 1,097p from 963p while reiterating overweight stance. AO World: Cannacord Genuity lowers target to 170p from 220p and reiterates hold. British American Tobacco: Jefferies raises target to 4,440p from 4,140p and reiterates buy. Kaz Minerals: Exane BNP
Read moreGulf Keystone soars over 65% on sale speculation
25th Feb 2015 10:47
Oil producer Gulf Keystone Petroleum shares soared over 65% after saying it had opened negotiations with a number of parties over a possible sale of assets. The group, which has operations in Iraqi Kurdistan, said the talks were at a preliminary stage and it had appointed Deutsche Bank and Perella W
Read moreGulf Keystone suspends exports, shares plummet
6th Feb 2015 16:23
Gulf Keystone Petroleum saw shares slip over 17% after suspending its crude oil exports following non-payment by the Kurdistan Regional Government (KRG). The KRG acknowledged that money was owed to Gulf Keystone, alongside other oil producers in the region, and promised to make the payments, a
Read moreGulf keystone names new chief executive officer
22nd Jan 2015 12:42
Gulf Keystone has hired the former regional head for BNP Paribas, Sami Zouari, as its next chief financial officer. Zouari has been allotted 1.5m market-priced share options by the company at the price of 55p per share. The firm's chief executive John Gerstenlauer said: "We are delighted to welcome
Read moreGulf Keystone reaches production target in Kurdistan
5th Jan 2015 10:50
Oil producer Gulf Keystone Petroleum (GKP) said that its existing production facilities in Shaikan are now producing from seven wells. The Kurdistan-focused company said that production at its PF-1 and PF-2 facilities on its main producing asset in the region reached the group's 40,000 gross barrels
Read moreBroker tips: UK banks, BT, Imagination, Gulf Keystone
16th Dec 2014 11:54
Shore Capital has said that the result of the Bank of England's (BoE) stress tests on UK banks was "a bit of a non-event" with all of the listed lenders passing as expected. "Overall, we do not expect the results of the stress test to have a material impact on the share prices of the large UK quoted
Read moreCantor Fitzgerald reiterates 'buy' on Gulf Keystone after Shaikan progress
16th Dec 2014 10:30
Cantor Fitzgerald has repeated its 'buy' rating on oil group Gulf Keystone Petroleum (GKP) after the company moved closer to upping output at its key producing asset, Shaikan, in the Kurdistan Region of Iraq. The company said on Tuesday that it had installed links between the Shaikan-7, -8 and -10 w
Read moreGulf Keystone Petroleum set to boost production in KRI
16th Dec 2014 08:48
Gulf Keystone Petroleum has taken a step forward towards increasing production from its operations in the Kurdistan Region of Iraq (KRI). Gulf Keystone said it had installed links between the Shaikan-7, -8 and -10 wells and its existing production facilities PF -1 and PF-2, enabling first oil to flo
Read moreFriday broker round-up
5th Dec 2014 09:48
Amino Technologies: N`+1 Singer ups target price from 107p to 141p and keeps a 'buy' recommendation. Barr (AG): Numis upgrades from 'hold' to 'add' with a target price of 659p. Jefferies reduces target price from 678p to 510p and downgrades to 'sell'. Betfair: JP Morgan increases target price from
Read moreThursday broker round-up UPDATE
30th Oct 2014 08:36
Afren: Deutsche Bank cuts target price from 130p to 110p retaining its hold recommendation. Antofagasta: JP Morgan lowers target price from 760p to 755p and reiterates a neutral rating. Investec lowers target price from 717p to 704p and keeps a hold recommendation. Balfour Beatty: Jefferies cuts ta
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