Gulf Keystone Petroleum's Akri-Bijeel in Iraq given green light
29th Oct 2014 14:25
The Kurdish regional government has approved the field development plan (FDP) for the Akri-Bijeel block, which is part-owned by Gulf Keystone Petroleum. Hungary-based MOL, the operator of the block in which GKP holds a 20% working interest, announced to the market that the FDP "has been officially a
Read moreFriday broker round-up UPDATE
29th Aug 2014 10:58
Arrow Global: Numis shifts target price from 285p to 287p and leaves its add rating unchanged. Berendsen: Oriel raises target price from 1130p to 1243p keeping a buy recommendation. British Polythene Industries: Investec ups target price from 720p to 750p reiterating a buy recommendation. bwin.pa
Read moreGulf Keystone shareholders increase holdings past 3% threshold
12th Aug 2014 14:45
A group of Gulf Keystone Petroleum shareholders have increased their stake in the Kurdistan-focused oil explorer above the 3% threshold at which they have to notify the stock market, the group said on Tuesday. The group, which includes the Joyce M. Kuok Foundation, Kerry Asset Management, Kuok Khoo
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreSunday share tips: Gulf Keystone Petroleum, Homebuilders, Science in Sport
29th Jun 2014 21:57
Shares in Kurdistan-focused Gulf Keystone Petroleum are notoriously volatile. In large part that can be put down to its enthusiastic following among retail investors. Another important factor has been the long-running speculation that it could be the target of a take-over bid. Speculation in that re
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreGulf Keystone bids farewell to Finance Director
16th Jun 2014 08:29
Oil and gas explorer Gulf Keystone on Monday announced that its Finance Director, Ewen Ainsowrth, is planning to leave the company with almost immediate effect. The group said the search for his replacement is underway and potential candidates have been identified. In the meantime, Financial Cont
Read moreGulf Keystone Petroleum falls despite upping production forecast
14th May 2014 13:10
Shares in oil and gas group Gulf Keystone fell on Wednesday despite it saying it expects to achieve an increase in production from the Shaikan PF-1 and PF-2 wells. The wells are expected to more than double from current levels of between 15,000-16,000 gross gross barrels of oil per day (bopd) to 40
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 moreSunday share tips: Associated British Foods, Telford Homes, Gulf Keystone
20th Apr 2014 20:05
Research from Redburn Partners shows that markets have new-found faith in Primark, the retail arm of Associated British Foods. Yet investors may have cause to be wary. The company's stock price has risen by 50 per cent over the last twelve months, in reaction to plans to expand its budget fashion ch
Read moreThursday broker round-up UPDATE
10th Apr 2014 09:23
AMEC: Canaccord Genuity takes target price from 1350p to 1400p and leaves its buy recommendation unaltered. Atkins (WS): Numis ups target price from 1600p to 1650p, while downgrading from buy to add. Burberry: JP Morgan reduces target price from 1600p to 1400p and keeps a neutral rating. Capita G
Read moreGulf Keystone Petroleum reveals working capital shortfall
20th Mar 2014 16:19
Iraq-focused oil explorer Gulf Keystone Petroleum has revealed that under a worst case scenario by January 31st 2015 it may face a maximum shortfall in its working capital requirements of 103m dollars, after which date that amount is expected to decrease. In parallel, and as previously disclosed,
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
Read moreMonday broker round-up UPDATE
17th Mar 2014 08:31
Admiral Group: Credit Suisse raises target price from 1340p to 1425p and keeps a neutral rating. African Barrick Gold: Canaccord Genuity ups target price from 315p to 330p and maintains a buy recommendation. Amara Mining: Canaccord Genuity moves target price from 25p to 33p and reiterates its buy
Read moreBroker tips: HSBC, BSkyB, Weir, Perform, Gulf Keystone
14th Mar 2014 12:25
Berenberg has maintained its 'buy' rating on global banking group HSBC, saying that its transformation has gone unrewarded by the market. "We believe HSBC has transformed itself into a bank that is comparable to the one that outperformed its peers and the market between 1992 and 2003. This appears
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