Ophir Energy slashes capex as first half profits fall
13th Aug 2015 08:18
(ShareCast News) - Ophir Energy has slashed its capital expenditure in response to falling oil prices as the company booked a pre-tax loss of $123m in the first half. The loss compares with a profit of $589m last time. Revenue was $86.5m compared with nil in 2014. Ophir said it was now benchmarki
Read moreFTSE 250 movers: Bwin boosted by 888 holdings acquisition, miners lower
17th Jul 2015 15:38
(ShareCast News) - Mid-caps were subdued on Friday as strong performances from telecoms, financials and insurers were offset by losses in the transport, mining and retail sectors. As of 16:00 BST, the FTSE 250 was trading flat at 17,743. Aldermore Group topped the risers on news that the Bank of En
Read moreTullow Oil drops as Investec reviews UK oil & gas stocks
15th Jul 2015 11:33
(ShareCast News) - Investec downgraded four UK oil and gas stocks and upgraded one as it took a look at the sector. Investec downgraded Tullow Oil to 'sell' from 'hold' and slashed its price target to 170p from 385p. Put simply, it said you'd have to believe in significantly higher oil prices or M&A
Read moreFTSE 250 movers: Auto Trader Group surges on broker intitiation, energy stocks lower
3rd Jul 2015 13:35
Mid-caps edged lower on Friday, with weakness in the oil, mining and telecommunications sectors providing a drag on the market. As of 15:15 BST, the FTSE 250 was trading 0.4% lower at 17,595. Auto Trader Group led the risers as Exane BNP Paribas initiated coverage with an 'outperform' rating, citing
Read moreOphir Energy boosted by independent reserves report
11th Jun 2015 09:09
Oil and gas explorer Ophir Energy said an independent reserves report confirmed the company had over 1bn barrels of oil equivalent (boe) in its reserves. In the first three months of 2015, the London-listed group reported a daily average production of approximately 15,500 boe per day. In a statemen
Read moreLondon close: Stocks end lower on Greek worries
29th May 2015 17:42
Shares ended the week on a down note, as worries over Greece continued to weigh on investors' minds. Even so, speaking after the close of markets the Mediterranean country's economics minister, Giorgios Stathakis, said Athens will be able to repay the first tranche of its loans to the IMF on 5 June.
Read moreFTSE 250 movers: Energy stocks surge, Carillion higher on Outland acquisition
29th May 2015 12:45
The London market shook off early morning losses in the afternoon, buoyed by strong performances in the telecommunications, construction and insurance sectors. As of 15:00 BST, the FTSE 250 was trading 0.06% higher at 18,250. Ophir Energy was making gains thanks to an upgrade, with Barclays making
Read moreOphir Energy shares jump 5% on Barclays upgrade to top sector pick
29th May 2015 09:12
Shares in oil & gas explorer Ophir Energy jumped 5% on Friday after Barclays upgraded the stock to 'overweight' from 'equalweight', added it to its global top picks list and raised the price target to 225p from 200p. The upgrade follows a review by the bank of Ophir's Equatorial Guinea Block R float
Read moreLondon close: Market recoups previous session's losses
27th May 2015 15:47
UK stocks closed higher on Wednesday, rebounding from heavy losses in the previous session, buoyed by strength in the construction, electricity and tobacco sectors. The FTSE 100 experienced few surprises and gained steadily throughout the day, closing 1.24% higher at 7,034.9. The index had plunged 1
Read moreFTSE 250 movers: Synergy Health plunges on Steris takeover speculation, energy stocks lower
27th May 2015 12:34
UK stocks rebounded from the previous session's sell-off as gains made by tobacco, electronics and utilities outweighed weakness in mining and industrial metals. As of 14:00, the FTSE 250 was trading points 101.1 points higher at 18,200. Synergy Health topped the fallers, plummeting almost 17% on r
Read moreFriday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
Read moreFTSE 250 movers: Supergroup soars on full-year confidence, Aveva higher on takeover rumours
6th May 2015 13:25
Supergroup topped the risers after it claimed it was confident to meet its full-year guidance, on the back of an increase in sales in the fourth quarter. The fashion retailer reported a strong performance in its retail division, following "clearance activity" in the previous quarter, while it expect
Read moreFTSE 250 movers: NMC Health surges on acquisitions, Ophir Energy reverses
29th Apr 2015 13:20
Healthcare provider NMC Health topped the risers after completing the acquisition of two sector peers based in the United Arab Emirates for a combined £65m. Following the deal, analysts at Numis raised the target price on the stock for the second time in six weeks. Greggs surged after first-quarter
Read moreFTSE 250 movers: Ophir Energy and Kier Group surge on acquisitions
28th Apr 2015 13:29
Oil and gas explorer Ophir Energy was making gains after reaching an agreement to acquire four production sharing contracts in Indonesia from Niko Resources. The group said the deals cover the West Papua IV, Aru, Kofiau and Halmahera-Kofiau deepwater sites in Indonesia, adding it was in the process
Read moreOphir Energy secures four contracts in Indonesia
28th Apr 2015 08:56
Oil and gas explorer Ophir Energy has reached an agreement to acquire four production sharing contracts in Indonesia from Niko Resources. The group said the deals cover the West Papua IV, Aru, Kofiau and Halmahera-Kofiau deepwater sites in Indonesia, adding it was in the process to secure two furthe
Read more