Tuesday broker round-up
28th Aug 2012 08:19
Afren: Credit Suisse downgrades to neutral, target cut from 185p to 170p. BHP Billiton: Morgan Stanley cuts target from 2,280p to 2,180p, overweight rating kept. Bunzl: Seymour Pierce raises target from 1,000p to 1,055p, hold recommendation maintained. Cairn Energy: Credit Suisse cuts target from
Read moreBurberry CFO makes multiple transactions
19th Jul 2012 16:31
Stacey Cartwright, the Executive Vice President and Chief Financial Officer of high-end fashion label Burberry, has sold 122,500 of the 132,500 shares she received which vested on Thursday. Cartwright, who joined the firm as CFO in 2004, sold the shares at 1,211.99p each, earning her a total of £1
Read moreMonday broker round-up
16th Jul 2012 08:23
Antofagasta: Nomura cuts target from 1,500p to 1,450p, buy rating kept. Betfair: Jefferies maintains buy rating and 900p target. BHP Billiton: Nomura cuts target from 2,400p to 2,100p, buy rating kept. Bumi: Nomura cuts target from 860p to 750p, neutral rating kept. ENRC: Nomura cuts target from
Read morePremier's Rockhopper move not without risks
12th Jul 2012 08:55
Shares of FTSE 250 oil and gas firm Premier Oil rose after it announced that it is buying a majority stake in Rockhopper Exploration's licence in the Falkland Islands. Premier is paying $231m for a 60% stake in Rockhopper's North Falkland Basin licences. An initial payment of $231m will be made in
Read moreThursday broker round-up
12th Jul 2012 08:41
African Minerals: Credit Suisse cuts target from 800p to 740p, outperform rating kept. Anglo American: Credit Suisse cuts target from 2,900p to 2,500p, neutral rating unchanged. Antofagasta: Credit Suisse cuts target from 1,300p to 1,150p, neutral rating kept. Aquarius Platinum: Credit Suisse cut
Read moreRockhopper hails potential of Sea Lion field
31st May 2012 07:51
North Falkland Basin oil and gas group Rockhopper Exploration saw losses shrink in the year ended March 31st as impairment charges more than halved. The firm, which is yet to generate any revenues as it ramps up operations, said that its pre-tax loss for the period improved from $87.2m to $53.8m, a
Read moreFriday newspaper round-up: Falklands, Spain, Strike
27th Apr 2012 07:07
Argentina vowed to press criminal and civil charges on British oil companies exploring off the Falkland Islands if they do not "justify their actions" by a May 2 deadline. In its latest escalation of rhetoric over the disputed islands, Argentina said it had written to Falkland Oil & Gas (FOGL), Bord
Read moreFriday broker round-up
20th Apr 2012 08:25
ARM Holdings: Jefferies raises target from 466p to 485p, underperform rating kept. Debenhams: UBS raises target from 75p to 80p, neutral recommendation kept; Nomura ups target from 81p to 90p, neutral rating kept. IMI: Investec maintains buy rating, 1,180p target under review. Intermediate Capita
Read moreFalkland Oil and Gas finds drilling partner
20th Mar 2012 08:54
Falkland Oil and Gas (FOGL) has signed an option agreement which could help pay for a quarter of its drilling programme during 2012. The farm-out, with an unnamed third party, would also pay £17m towards the £68m costs incurred during 2011 in preparation for drilling. An initial fee of $6m has be
Read moreSunday tip round-up: Dogs of the FTSE, Investors´ favourites
18th Mar 2012 14:07
Since the year 2000 experience seems to show that investing in the highest yielding stocks of the UK´s benchmark index, when the economy is recovering, can be a sound strategy. Therefore, given signs that the worst is over the Midas team at the Daily Mail has decided to re-launch their 'Dogs of the
Read moreLondon close: Losses pared, but stocks still down on macro worries
22nd Feb 2012 16:32
- Risk of a Eurozone recession increase as PMIs show contraction. - Fitch downgrades Greece from CCC to C. - Rexam up 7pc after FY results, Vedanta falls 5pc after yesterday's surge. Stocks rallied in afternoon trade in London, recovering from the slump experienced in mid-morning. However, the Foot
Read moreLondon midday: Stocks fall as Fitch downgrades Greece
22nd Feb 2012 11:47
- Fitch downgrades Greece from 'CCC' to 'C'. - MPC divided on level of QE. - Vedanta pulls back after yesterday's strong surge. UK stocks fell further into the red by midday after Fitch downgraded Greece's sovereign debt rating. While the decision was unarguably crucial to help the heavily-indebted
Read moreBroker tips: Vedanta Resources, Galliford Try, Oil stocks
22nd Feb 2012 11:25
Credit Suisse believes that a major restructuring within the businesses of miner Vedanta Resources would be a "strong positive" and continues to see significant upside in the stock. Credit Suisse said that "if the reports are correct and a merger is successful it would not change group consolidate
Read moreBroker snap: Strong read-across for Cove peers after Shell bid
22nd Feb 2012 09:49
Merchant Securities has highlighted potential for sector peers of Cove Energy after Royal Dutch Shell launched a bid for the AIM-listed oil and gas producer this morning. Shares in AIM-listed Cove Energy jumped after Anglo-Dutch integrated oil company Shell launched a bid of 195p per share. The dea
Read moreLondon open: Footsie slips as ex-div stocks provide a drag
22nd Feb 2012 08:35
- Shell makes near-£1bn bid for Cove Energy. - Markets digest Greek bailout, China data. - Ex-div stocks provide a drag. The FTSE 100 slipped slightly into the red in the opening hour on Wednesday as investors continue to digest the Greek bailout approved on Monday night. Meanwhile, Chinese manufac
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