Monday broker round-up
7th Dec 2015 16:16
(ShareCast News) - Equiniti: Barclays starts coverage at overweight with a 230p target price; Goldman starts at buy with a 260p target and Credit Suisse initiated. Genel Energy: Credit Suisse reiterates outperform and 430p target; Goldman Sachs downgrades to neutral with 333p target. Dixons Carphon
Read moreJP Morgan warns of risks in Premier Oil
7th Dec 2015 15:49
(ShareCast News) - If you are looking for a way to 'play' a possible bounce in stock prices should oil rebound - so-called oil price Beta - Tullow Oil is a better choice than Premier Oil, JP Morgan said. Premier Oil is a full-cycle exploration outfit with a diverse set of assets, the broker noted, i
Read moreFTSE 250 movers: AO World surges but energy-related stocks slump on oil price
7th Dec 2015 14:00
(ShareCast News) - London's FTSE 250 was up 0.3% to 17,417.09 at 1430 GMT, tracking broader gains as equity markets recouped last week's losses. Shares in AO World surged on Monday after the online electrical appliance retailer said fund manager Ruane, Cunniff & Goldfarb has taken a 5% stake in the
Read moreWorldpay Group, Provident Financial and DCC to join FTSE 100
2nd Dec 2015 18:10
(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December. The three constituents which were set to exit the FTSE 100 would fatten the rank
Read moreFTSE 250 movers: Drax powers ahead but Sophos slumps on stake sale
1st Dec 2015 14:16
(ShareCast News) - London's FTSE 250 index was up 0.5% to 17,507.03 at 1435 GMT, tracking the broader market as investors cheered news that Britain's big banks had passed the Bank of England's stress tests. Shares in Drax powered ahead after the European Commission approved the UK government's suppo
Read moreSale of Premier Oil's Norwegian division leads to rating upgrade
17th Nov 2015 10:27
(ShareCast News) - Premier Oil's planned sale of its Norwegian business has prompted Canaccord Genuity to upgrade the company from 'sell' to 'hold'. The FTSE 250 company on Monday announced it agreed to sell Premier Oil Norge AS to Det Norske for $120m (£79m), with the funds used to pay down the com
Read morePremier Oil sells Norwegian business for $120m
16th Nov 2015 07:34
(ShareCast News) - Premier Oil has agreed to sell its Norwegian business, Premier Oil Norge AS to Det Norske for $120m (£79m), which will be used to pay down the company's debt. The exploration and production group said the transaction, which is subject to the receipt of government approval and is e
Read morePremier Oil says exceeding production forecast but capex to be cut
12th Nov 2015 09:59
(ShareCast News) - Premier Oil said it was cutting full year capital expenditure to cope with a lower oil price environment that is hitting revenues across the sector, with further cuts expected next year. In a trading update, Premier said production averaged 57,000 barrels of oil equivalent a day (
Read moreBarclays downgrades Premier Oil, Cairn Energy
10th Nov 2015 10:00
(ShareCast News) - Barclays has downgraded Cairn Energy and Premier Oil and initiated on Faroe Petroleum with a neutral stance as it believes the trio are eclipsed by other stocks in the sector that currently offer a more attractive valuations. Cairn Energy is lowered to 'underweight' from 'equalwei
Read moreFTSE 250 movers: Oil bounce and Drax retrofit news fire mid-caps
4th Nov 2015 14:07
(ShareCast News) - After a strong start on Wednesday, the FTSE 250 lost momentum but by mid-afternoon was still in positive territory, helped by an oil price bounce. Lifted by a 40-point rise in crude oil, due to a strike in Brazil that is estimated to have put a 25% dent into Brazilian production,
Read moreFTSE 250 movers: Oil companies and oilfield services on the slide
19th Oct 2015 14:52
(ShareCast News) - The FTSE 250 crawled back into positive territory on Monday afternoon after the UK mid-cap lost momentum from its early spike. By 1550 BST the index was up 0.12% at 16,913.29, helped along by the steady climbing of Pace despite the set-top box maker's £1.4bn proposed merger with U
Read moreFTSE 250 movers: Commodities cause market to slide
13th Oct 2015 14:15
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, dropping 94.11 points (0.55%) mid-afternoon to 16,892.84 after much weaker than expected data on Chinese imports in September. Natural resource related companies were the biggest fallers of the day. Evraz led the pack on the back of gold
Read moreLondon open: Stocks slide as Chinese imports and exports contract
13th Oct 2015 08:33
(ShareCast News) - London's FTSE 100 index declined early on Tuesday after Chinese trade data showed a fall in exports and imports in September, adding to worries about the country's flagging economy. Chinese exports decreased 3.7% in September from a year earlier in US dollar terms following a 5.5%
Read moreFTSE 250 movers: Miners and energy stocks rally; Wizz Air crashes
7th Oct 2015 13:46
(ShareCast News) - London's FTSE 250 index was down 0.2% at 17,101.89 just after 1400 BST, underperforming the broader market. Miners were firmly on the front foot as metals prices advanced and the sector got a boost from an upbeat note by Morgan Stanley. The bank upgraded its stance on the European
Read moreFTSE 250 movers: Kaz Minerals shoots higher as copper gains; Playtech slumps
5th Oct 2015 14:34
(ShareCast News) - London's mid-cap index was up 1.7% to 17,084.45 at 1450 BST, tracking broader gains in the market as last week's disappointing nonfarm payrolls report prompted investors to push back expectations of a Federal Reserve rate hike. Kaz Minerals shot higher as copper prices added 1% ei
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