Gulf 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
Read moreGulf Keystone narrows half year losses on cost cuts
19th Sep 2013 07:36
Gulf Keystone Petroleum narrowed its first half losses as the oil and gas company kept a tight rein on costs. Loss after tax came to $26.4m, compared to the previous year's loss of $31.4m, reflecting a fall in administrative expenses to $19.3m from $34.1m. Loss per share fell to $0.03 from $0.04.
Read moreFriday tips round-up: Royal Mail, Gulf Keystone, Dunelm
13th Sep 2013 07:00
Yesterday´s trading information from Royal Mail should help investors assess the company´s correct valuation, as should the information regarding the dividend policy and the footnotes on financing arrangements and industrial relations. Key details are still missing however, not least the precise siz
Read moreGulf Keystone defeats Kurdistan rival in courts
10th Sep 2013 15:44
Gulf Keystone Petroleum has won a three-year court battle over its disputed ownership of major oil fields in Kurdistan and said it plans to move from AIM to the main market. A London judge dismissed all of the claims made by Excalibur Ventures that it had a 30% rights over Gulf Keystone's Kurdista
Read moreGulf Keystone shares to be suspended as court decides dispute
9th Sep 2013 07:49
Gulf Keystone Petroleum's shares will be suspended on September 10th while investors wait for an English court to pass judgment on a legal claim concerning its Iraqi oil fields. The English Commercial Court will decide on claims brought by Excalibur Ventures against Gulf Keystone at 10:30 on Septem
Read moreGulf Keystone appoints directors after governance row
3rd Sep 2013 08:08
Gulf Keystone Petroleum has appointed five new directors as the oil company tries to put a bitter governance row with a major investor behind it. The company tried to display a united front after an acrimonious dispute with fund manager M&G that led to new directors being imposed on the company. A
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