FTSE 250 movers: Lonmin lifted by broker upgrade
20th Oct 2014 15:19
An upgrade from Liberum Capital helped lift shares in Lonmin on Monday. The broker now recommends investors keep 'hold' of the mining stock. BBA Aviation also took off after announcing that its Signature Flight Support business has agreed to acquire the fixed-base operator assets of Wiggins Airways
Read moreLondon midday: Oil stocks lead UK markets lower
20th Oct 2014 11:49
Anyone hoping for a positive start to the week on the stock market following the recent volatility would have been disappointed on Monday as UK equities suffered more steep falls. London's FTSE 100 was trading 0.8% lower at 6,259 by midday with energy stocks leading the fallers as oil prices weakene
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreFTSE 250 movers: Telecom Plus climbs as oil stocks slide
10th Oct 2014 15:13
Utility services group Telecom Plus said it is happy with market expectations for the full year after strong organic growth in the first half, causing shares to surge on Friday. The company said that the strong growth in both customers and service numbers seen at the start of the year accelerated in
Read moreThursday broker round-up UPDATE
2nd Oct 2014 10:11
BAE Systems: Investec downgrades from hold to sell with a target price of 430p. British Sky Broadcasting: Credit Suisse ups target price from 600p to 630p and reiterates an underperform rating. Cobham: Investec lowers target price from 290p to 280p and stays with its reduce rating. Consort Medical
Read moreFTSE 250 movers: Ophir climbs after unveiling new gas discovery
16th Sep 2014 15:41
Africa-focused Ophir Energy rose after it announced a new gas discovery in block R which it says increases the value of its 80%-owned offshore Equatorial Guinea project. The Silenus East-1 well found a 67m gross gas column in the primary target with a high-quality reservoir in line with pre-drill ex
Read moreLondon open: UK stocks slip ahead of inflation data, Asos drops
16th Sep 2014 08:40
UK stocks opened in the red on Tuesday as investors continued to tread cautiously ahead of a Federal Open Market Committee (FOMC) decision and vote on Scottish independence. Investor appetite for risk was also limited ahead of some closely-watched economic data during the session, namely UK inflatio
Read moreOphir Energy gas discovery ups value of Guinea project
16th Sep 2014 08:12
Africa-focused Ophir Energy has announced a new gas discovery in Block R which it says increases the value of its 80%-owned offshore Equatorial Guinea project. The Silenus East-1 well found a 67m gross gas column in the primary target with a high-quality reservoir in line with pre-drill expectations
Read moreFTSE 250 movers: Bwin.party rises despite wider H1 losses
29th Aug 2014 15:13
Gaming giant Bwin.party was a strong riser despite reporting wider first-half losses, which reflected a fall in casino and poker revenues. Loss before tax in the six months to 30 June 2014 came to €94m, up from €11.6 the previous year. Ophir was higher after it announced board changes in a bid to r
Read moreOphir Energy slims board to cut costs
28th Aug 2014 16:09
West and east African oil & gas explorer Ophir Energy has embarked on a board shake-up as part of a cost-cutting drive. The number of executive directors will fall from three to two, with ex-Chevron director Bill Higgs appointed as chief operating officer while finance chief Lisa Mitchell and dire
Read moreBG Group and Ophir Energy progress Tanzania LNG scheme
27th Aug 2014 07:36
Gas explorer and producer BG Group has taken a step forward in developing a new liquefied natural gas (LNG) project in Tanzania. BG said results from tests on its Mzia find in block 1 off the coast of the southern African country further bolstered the case for a new onshore LNG scheme. The company
Read moreLondon close: Astrazeneca leads FTSE higher on bid speculation
21st Aug 2014 17:42
- Healthcare stocks lift FTSE - German PMI data drives sentiment - Investors look ahead to Draghi speech - UK retail sales disappoint techMARK 2,819.77 +0.82% FTSE 100 6,777.66 +0.33% FTSE 250 15,838.57 +0.57% London's blue chips ended Thursday's session on a positive note, led by Astrazeneca. Inc
Read moreLondon midday: UK stocks advance as investors shrug off weak data
21st Aug 2014 12:01
- Mining stocks fall as Chinese data weakens - Eurozone PMIs and UK retail sales disappoint - US data, Jackson Hole ahead techMARK 2,810.76 +0.50% FTSE 100 6,772.04 +0.25% FTSE 250 15,797.15 +0.31% Falls in the heavyweight mining sector weren't enough to stop the FTSE 100 from advancing on Thursda
Read moreMonday broker round-up UPDATE
18th Aug 2014 09:54
Admiral Group: Credit Suisse reduces target price from 1425p to 1350p and stays with its neutral rating. Ophir Energy: RBC Capital reduces target price from 400p to 240p, while its neutral rating remains unchanged. Petra Diamonds: Westhouse Securities ups target price from 200p to 230p upgrading f
Read moreSunday newspaper round-up: Mark Carney, Carillion-Balfour, Tesco
17th Aug 2014 15:49
The UK economy is more than halfway to full recovery, the Governor of the Bank of England (BoE) told the Sunday Times. Mark Carney, in an interview marking the first anniversary of his forward guidance policy, told the paper economic expansion was proceeding and that momentum was more assured. "Wher
Read more