Wednesday broker round-up
29th Apr 2015 19:53
Sky: JP Morgan reiterates neutral stance and 1,170p target. GlaxoSmithKline: UBS reiterates buy and 1,700p target. StanChart: Nomura reiterates neutral and lifts target to 1,170p from 1,030p. UBS reiterates neutral stance with 1,000p target. Henderson Group: Citi reiterates buy with 3,250p target.
Read moreWesthouse Securities downgrades Sound Oil
29th Apr 2015 16:06
Sound Oil, the European focused upstream oil and gas company, was downgraded by Westhouse Securities on Wednesday. The analysts took the company from 'add' to 'neutral' on the basis that the Sound Oil shares are now fairly valued given the strong performance of the past four months. Westhouse sugges
Read moreSound Oil looks to strategic partnerships to de-risk assets
28th Apr 2015 11:35
Sound Oil, the Europe-focused upstream oil and gas company, unveiled its unaudited preliminary results for the year ended 31 December 2014 With a cash balance of £12.6m the company said it is working on a strategic partnership with a major oil and gas company to fund and technically de-risk a number
Read moreLondon open: Stocks rise modestly amid Greek talks, UK economic data
17th Apr 2015 08:35
Stocks in London advanced on Friday morning on a quiet day for corporate newsflow, with investors awaiting key employment data from the UK while digesting Greek debt talks. "The FTSE opened the day on the positive side of flat, after yesterday afternoon's [...] declines pulled the index away from it
Read moreLondon pre-open: Flat start expected, Greek talks in focus
17th Apr 2015 07:50
UK stock markets are set for a subdued start on Friday morning as investors focus on Greek debt talks on a quiet day for corporate news. City sources predict the FTSE 100 will open more or less flat on Thursday's close of 7,060.45. The index had pulled back the previous session from Wednesday's reco
Read moreSound Oil on track at Nervesa project after receiving environmental backing
17th Apr 2015 07:24
Mediterranean-focused explorer Sound Oil has reiterated its expectation for its onshore Nervesa gas discovery to reach commercial production this year after receiving the environmental approval for the Italian project. The AIM-listed company on Friday announced the receipt of the final approval of t
Read moreWednesday broker round-up
18th Mar 2015 12:41
Johnson Matthey: Deutsche Bank reiterates buy and 3,850p target. BAE Systems: Morgan Stanley lifts target to 570p from 515p and reiterates equalweight. BT Group: Nomura and UBS reiterate buy. Ashtead Group: UBS raises target to 1,130p from 1,070p and reiterates neutral. Rotork: Morgan Stanley imp
Read moreSound Oil announces hostile offer for Antrim Energy
24th Nov 2014 10:40
Sound Oil will launch a hostile public offer to acquire all of Canadian-based oil and gas exploration company Antrim Energy via an all-share deal. The acquisition, if accepted, would give Sound a new exploration asset in Ireland. According to Sound, the deal would provide both companies with a cash
Read moreSound Oil to go ahead with second well of Nervesa gas discovery
2nd Sep 2014 11:28
Mediterranean-focused oil and gas producer Sound Oil said it has received the green light to go ahead with the second appraisal well of the Nervesa gas discovery. The Treviso Province authorities have approved the environmental impact assessment for the well and the company said it expected the fin
Read moreXaar's R&D Director builds stake following lower profit guidance
25th Jun 2014 15:50
Ramon Borrell, the Research & Development (R&D) Director of FTSE 250 member Xaar, continued to build his stake in the inkjet printheads supplier with the purchase of 40,000 shares. The deal comes just days after the company lowered its guidance for full-year revenues and profit margin, saying the
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
Read moreSound Oil begins commissioning Casa Tibieri
27th May 2014 13:38
First gas is expected from AIM-listed upstream oil and gas company Sound Oil's Casa Tiberi gas field next month after civil works were completed. The Italy focused outfit said the production skid has arrived on site and the company had secured all necessary permissions to install the skid and comme
Read moreSound Oil presses ahead in hunt for Italian partner
21st May 2014 16:32
Italian oil & gas explorer Sound Oil is staying on the lookout for a partner for an exploration prospect in Italy despite receiving an offer. Sound Oil said it was marketing its Badile prospect to potential farm-in partners, having already received but not accepted an earlier offer from an unidenti
Read moreSound Oil to farm down its Carita licence in Italy
28th Apr 2014 13:26
Sound Oil, a Mediterranean-focused upstream oil and gas company, has signed non-binding heads of terms with Niche Group for a farm down of the company's onshore Carita licence in the Po Valley, Northern Italy. Under the heads of terms, Niche will acquire a 27.5% interest in the Carita licence, wh
Read moreSound Oil gets go-ahead for production at Italian gas field
14th Mar 2014 08:50
Oil & gas explorer Sound Oil has won approval to start commissioning a gas field in Italy. Sound said the Italian Ministry of Economic Development had approved the San Lorenzo production concession, which allows Sound to start commissioning operations at the Casa Tiberi field. Casa Tiberi, in th
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