Canaccord Genuity lowers Gulf Keystone to 'sell' on Shaikan prospects
14th Mar 2014 10:14
Canaccord Genuity has cut its rating for oil explorer Gulf Keystone Petroleum (GKP) from 'hold' to 'sell' after an audit of its Shaikan project in Iraq found lower-than-expected reserves. The target price has been nearly halved from 195p to just 100p. A first Competent Persons Report (CPR) into GK
Read moreFriday broker round-up UPDATE
14th Mar 2014 09:07
Barclays: Nomura reduces target price from 305p to 285p staying with its buy recommendation. Investec lowers target price from 305p to 295p and keeps its buy recommendation. Ferrexpo: Westhouse Securities increases target price from 190p to 220p and reiterates a buy recommendation. F&C Asset Manag
Read moreGulf Keystone Petroleum reserves fall short of expectations
13th Mar 2014 09:08
Oil producer Gulf Keystone Petroleum disappointed the market with its first third-party reserves and resources report, although management insisted the figures were conservative measures. A first Competent Persons Report (CPR) into the AIM company's assets found it has 12.5bn barrels of gross oil
Read moreGulf Keystone moves to main market from AIM
24th Feb 2014 10:55
Oil and gas company Gulf Keystone Petroleum has unveiled plans to move to the London Stock Exchange's main market from its secondary AIM listing. Gulf Keystone, which has made five finds in four blocks in the Kurdistan region of Iraq, said it expected its shares to start trading on the main market
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 moreGulf Keystone wins costs after legal victory against Excalibur
16th Dec 2013 12:34
A court has awarded costs of more than 23m pounds to Gulf Keystone Petroleum and a partner after the Iraq-focused oil and gas explorer won a long-standing legal case. The English Commercial Court ordered plaintiff Excalibur Ventures to pay Gulf Keystone nearly £14m and partner Texas Keystone more t
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
Read moreTuesday broker round-up UPDATE
26th Nov 2013 08:18
BBA Aviation: Goldman Sachs shifts target price from 420p to 425p and reiterates a buy recommendation. BTG: Numis raises target price from 350p to 440p upgrading from reduce to hold. Cambria Automobiles: Panmure Gordon starts with a target price of 61p and a buy recommendation. Daily Mail & Gener
Read moreThursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read moreGulf Keystone says Akri-Bijeel field declared commercial
1st Nov 2013 13:55
Gulf Keystone Petroleum said the Akri-Bijeel block in the Kurdistan region of Iraq had been declared commercial. Kalegran, a 100% owned subsidiary of Hungarian group MOL and the operator of the field, made the declaration based on the discoveries made by the Bijell-1 well and Bakrman-1 well. MOL
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
Read moreThursday broker round-up UPDATE
10th Oct 2013 08:36
Ashmore Group: Canaccord Genuity takes target price from 380p to 400p and retains a hold recommendation. Numis shifts target price from 380p to 390p reiterating its hold recommendation. Ashtead Group: Numis upgrades to add with a target price of 670p. Berkeley Group: Panmure Gordon moves target pr
Read moreGulf Keystone resumes production at Shaikan field
10th Oct 2013 07:44
Gulf Keystone Petroleum said commercial production at its Shaikan field in the Kurdistan region of Iraq had restarted. The oil and gas exploration company is moving into large-scale development of the Shaikan field. It reiterated that it intended to ramp-up production from the first Shaikan product
Read morePZ Cussons Chairman raises stake above 54,000
30th Sep 2013 16:34
The Chairman of consumer products company PZ Cussons has acquired just over 3,000 shares, increasing his stake above 54,000. Richard Harvey purchased the shares at 411p a piece for a total spend of £12,371, just a few days after the company said its results for the last quarter were in line with ex
Read moreVedanta Deputy Executive Chairman trades in 50,000 shares
20th Sep 2013 08:22
Navin Agarwal, the Deputy Executive Chairman, of mining group Vedanta, on Thursday disposed of 50,000 shares, reducing his stake to 167.53m. The director sold the stock at 1,174p a time, earning himself £587,000. This week the company welcomed Tom Albanese, the former Chief Executive of Rio Tint
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