Tuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreGulf Keystone ready for 'exciting year' after oil discovery in Iraq
20th Feb 2013 07:57
Gulf Keystone Petroleum, the AIM-listed oil and gas group focused in Iraq, said that oil has been found at its part-owned Bakrman-1 exploration well. Operator MOL Hungarian Oil and Gas announced that the well had made a new Triassic discovery, the second discovery on the Akri-Bijell Block, in which
Read moreGulf Keystone announces new discovery
8th Nov 2012 12:12
Kurdistan-focused oil explorer Gulf Keystone has announced the discovery following the completion of a well testing programme of the Sheikh Adi-2 exploration well on the Sheikh Adi block. During the Sheikh Adi-2 well testing programme the company has successfully tested four reservoir zones at meas
Read moreGulf Keystone sells 275m dollars of convertible bonds
19th Oct 2012 10:29
Gulf Keystone Petroleum, the Kurdistan-focused oil explorer, has sold 275m dollars of convertible bonds to fund development work at its Shaikan oil field. The convertible bonds will carry a coupon of 6.25% and be issued and redeemed at 100% of their principal amount and, unless previously redeemed,
Read moreBroker tips: Gulf Keystone, Wolseley, Capital Shopping
20th Sep 2012 14:33
Analysts at WH Ireland have issued a bullish note on Gulf Keystone Petroleum this morning. The broker highlights the recent positive news-flow on the company -including the apparent resolution of the stand-off between authorities in Baghdad and Erbil and the construction of a new pipeline through
Read moreBroker snap: Gulf Keystone could be "taken-out", WH Ireland says
20th Sep 2012 12:59
Analysts at WH Ireland have issued a bullish note on Gulf Keystone Petroleum this morning. The broker highlights the recent positive news-flow on the company -including the apparent resolution of the stand-off between authorities in Baghdad and Erbil and the construction of a new pipeline through
Read moreGulf Keystone triples losses in first half as expenses soar
12th Sep 2012 10:20
Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, has tripled its losses for the half year ended June 30th as general and administrative expensenses more than doubled on the back of a significant increase in the operational
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreLondon close: Footsie stages late recovery
10th Aug 2012 16:47
After trading in the red for most of the day Footsie put in a late spurt in the last half hour to claw back most of the day's losses. Shares, and in particular miners, had been on the back foot after some disappointing trade data from China. Chinese exports grew 1.0% from a year earlier in July,
Read moreLondon midday: City approves of new Barclays Chairman
10th Aug 2012 11:54
Footsie bumbled along for most of the morning a little in the red, weighed down by mining stocks, which have been under selling pressure after weak Chinese trade data. The top-share index did briefly venture into positive territory around 11:00 but with US futures markets pointing to a soft opening
Read moreLondon open: Chinese trade data depresses miners
10th Aug 2012 08:50
Mining stocks are weighing down the Footsie in early trade after weak Chinese trade data was released on Friday morning. Chinese exports grew 1.0% from a year earlier in July, which is not the sort of growth the market has become used to; economists had plumped for a growth rate of 8.6%. Imports,
Read moreGulf Keystone reaches 'major milestone' at Shaikan
10th Aug 2012 07:50
Oil and gas company Gulf Keystone has reached a 'major milestone' by submitting a declaration of commercial discovery for the Shaikan Block in the Kurdistan Region of Iraq. The firm, together with Kalegran and Texas Keystone, acts as the contractor of the production sharing contract for Shaikan. T
Read moreGulf Keystone: Drilling starts on Gulak-1 well
23rd Jul 2012 08:59
Gulf Keystone, which has a 20% working interest in the Akri-Bijeel block in the Kurdistan Region of Iraq, has reported that the Gulak-1 exploration well on the block has begun drilling. Gulf has previous said it plans to sell its interest in the block. Gulak-1 is the fourth exploration well to b
Read moreFriday broker round-up
20th Jul 2012 10:17
Capita: UBS ups target from 725p to 740p, buy rating unchanged. Euromoney: Peel Hunt downgrades to hold. Gulf Keystone: HSBC upgrades to overweight. Halfords: UBS cuts target from 240p to 205p, neutral rating kept; HB Markets upgrades to buy. Hammerson: Bank of America Merrill Lynch downgrades t
Read moreFriday newspaper round-up: Food crisis, LSE, Microsoft
20th Jul 2012 06:55
The world is facing a new food crisis as the worst US drought in more than 50 years pushes agricultural commodity prices to record highs. Corn and soyabean prices surged to record highs on Thursday, surpassing the peaks of the 2007-08 crisis that sparked food riots in more than 30 countries. Wheat p
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