London afternoon: Shares recover from US jobs jolt
2nd Jul 2010 14:16
The release of US jobs data checked Footsie's rise, prompting a 25 point fall in a matter of minutes, but the blue-chip index has since resumed its cautious climb. US jobs data for June came in worse than expected overall, but it was a mixed message with the unemployment rate falling to a 12-month
Read moreLondon midday: Stocks steady ahead of US jobless
2nd Jul 2010 12:22
Footsie ended the morning on or around its high for the day but trading is quiet ahead of the release this afternoon of the US non-farm payrolls data. Resource stocks continue to lead the way while banks claw back some of their recent losses as fears over European banks' balance sheets recedes. Da
Read moreLondon open: Early gains for Footsie
2nd Jul 2010 08:41
London has recouped some of yesterday's losses helped by the Korean interest in Dana Petroleum and an upbeat trading statement from Wickes owner Travis Perkins. Dana Petroleum last night confirmed the talks with a potential bidder, widely reported to be South Korean national oil company KNOC. The s
Read moreRockhopper Exploration Reports Positive Sea Lion Sample Results
2nd Jul 2010 08:32
LONDON (Dow Jones)--Rockhopper Exploration PLC (RKH.LN), the North Falkland Basin oil and gas exploration company, Friday reports positive results of wireline MDT samples obtained from the recent Sea Lion 14/10-2 oil discovery well in the North Falkland Basin, adding that the samples analyzed under
Read moreLondon pre-open: Miners to take centre stage
2nd Jul 2010 07:39
London-listed mining heavyweights are likely to be in focus in early dealings Friday following the Australian government's decision to replace the controversial Resources 'Super Tax' with a more moderate alternative. Footsie is expected to add around 35 points early on after lurching downwards nea
Read moreRockhopper discovery confirmed as medium crude
2nd Jul 2010 07:13
South Atlantic-focused oil explorer Rockhopper reports that samples from its recent discovery on the Sea Lion prospect, off the Falkland Islands, have been confirmed as medium grade crude. Rockhopper took the sample from the Sea Lion 14/10-2 oil discovery well in the North Falkland Basin and tested
Read moreUK PM Digs In Over Falklands As Oil Revives Tension - Report
27th Jun 2010 12:03
LONDON (Dow Jones)--U.K. Prime Minister David Cameron will tell the president of Argentina that the sovereignty of the Falklands Islands isn't up for discussion during the Group of 20 summit in Canada this weekend, the Independent on Sunday reports, citing a U.K. source close to the talks. The m
Read moreUK PM Digs In Over Falklands As Oil Revives Tension -Report
27th Jun 2010 11:33
LONDON (Dow Jones)--U.K Prime Minister David Cameron will tell the President of Argentina the Falkland Islands sovereignty is not up for discussion during the G-20 summit in Canada this weekend, the Independent on Sunday reports citing a British source close to the talks. The move follows Argent
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
10th Jun 2010 16:49
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1549 GMT [Dow Jones] Westhouse Securities increases target prices for Falkland Islands oil explorers Rockhopper Exploration (
Read moreMARKET TALK: Westhouse Raises Targets For Rockhopper, Desire
10th Jun 2010 16:49
1549 GMT [Dow Jones] Westhouse Securities increases target prices for Falkland Islands oil explorers Rockhopper Exploration (RKH.LN) and Desire Petroleum (DES.LN) to 663p and 139p, respectively, from previous targets of 404p and 101p. Says the upgrades follow an upward revision of its estimates for
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
10th Jun 2010 16:49
0722 GMT [Dow Jones] While many of China's local governments did substantial amount of off-the-books borrowing last year, problem is not same everywhere in country. This kind of debt appears to have grown particularly fast in Tianjin. So why explosion of off-budget borrowing in Tianjin? It is not pa
Read moreLondon close: Footsie at 2-week low
8th Jun 2010 16:14
London fell for the third session in a row Tuesday, damaged by a further slump at BP and as a wave of selling sank the banking sector. Comments from ratings agency Fitch about Britain's "formidable" budget deficit didn't go down well, but it was BP that stood out, hitting a 20-month low as the flow
Read moreUK SMALLCAP ROUNDUP: Rockhopper Mulls Main Market Move
8th Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ROCKHOPPER EXPLORATION PLC (RKH.LN), an oil and gas explorer, said Tuesday it is considering a move to the main market of the London Stock Exchange follo
Read moreUPDATE: Rockhopper Mulls Main Market Move After Fundraising
8th Jun 2010 14:42
(Adds detail on main market move and share price.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Rockhopper Exploration PLC (RKH.LN) said Tuesday it is considering a move to the main market of the London Stock Exchange following a successful GBP48.5 mil
Read moreLondon afternoon: Miners revival not enough
8th Jun 2010 14:40
Footsie staged a small revival over the lunch time session, helped by a recovery by mining stocks, but the majority of FTSE 100 constituents are still in the red with laggards outnumbering leaders by three to one. BP is again among the worst performers as US president Barack Obama said he'd sack t
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