London afternoon: Resource stocks hog the action
12th Jul 2010 14:24
Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains. BP said the cost of the clean-up in the Gulf of Mexico has risen t
Read moreLondon midday: BP a bright spot in lacklustre Footsie
12th Jul 2010 12:01
Shares in BP have jumped on takeover talk and hopes that it is making progress as it caps the oil leak in the Gulf of Mexico, but Footsie is little changed overall. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, alt
Read moreLondon open: A struggle after bright start
12th Jul 2010 08:45
London is struggling to hold onto its bright start despite a good morning for shares in beleaguered oil giant BP. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, although some say that figure could eventually hit $70
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
12th Jul 2010 07:51
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] 0651 GMT [Dow Jones] Thomas Cook Group's (TCG.LN) acquisition of German tour operator Oger Tours "makes sense strategically"
Read moreMARKET TALK: Thomas Cook's Oger Tours Buy 'Sensible' - Numis
12th Jul 2010 07:51
0651 GMT [Dow Jones] Thomas Cook Group's (TCG.LN) acquisition of German tour operator Oger Tours "makes sense strategically" as the operator takes advantage of needed consolidation in the important German market, says Numis Securities analyst Wyn Ellis. Adds, however, that EUR30M deal is small and u
Read moreLondon pre-open: Winning streak to continue
12th Jul 2010 07:49
It looks like London could extend its winning streak to five sessions after Wall Street rallied Friday afternoon, with futures prices indicating an early 11-point gain. BP will be in focus again. It said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and
Read moreThomas Cook Group To Buy Germany's Oger Tours For EUR30M
12th Jul 2010 07:21
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Thomas Cook Group PLC (TCG.LN) said Monday that it will buy a German tour operator for about EUR30 million as it continues to increase its presence in the country. Oger Tours, which specializes in package holidays to Turkey,
Read moreThomas Cook buys Germany's Öger Tours
12th Jul 2010 07:18
Thomas Cook has agreed to buy Öger Tours, a well-known German tour operator specialising in package holidays to Turkey, from its founding shareholder Vural Öger for about €30m. The consideration will be paid in cash. In addition, other businesses owned by the seller have agreed to provide Thomas Co
Read moreThomas Cook Group To Buy Oger Tours For EUR30M
12th Jul 2010 07:09
LONDON (Dow Jones)--Travel group Thomas Cook Group PLC (TCG.LN) said Monday it has agreed to acquire 100% of Oger Tours GmbH, a German tour operator specializing in package holidays to Turkey, from its founding shareholder Vural Oger for EUR30 million, based on cash consideration to be settled at cl
Read moreThomas Cook Group Acquisition Of Oger Tours
12th Jul 2010 07:00
TIDMTCG RNS Number : 1651P Thomas Cook Group PLC 12 July 2010 12 July 2010 THOMAS COOK ANNOUNCES ACQUISITION OF ÖGER TOURS IN GERMANY Thomas Cook Group plc ('Thomas Cook') announces today that it has agreed to acquire
Read moreMARKET TALK: Exane Cuts Thomas Cook, TUI Price Targets
7th Jul 2010 14:04
1304 GMT [Dow Jones] Exane BNP Paribas cuts Thomas Cook (TCG.LN) price target to 260p from 310p and TUI Travel (TT.LN) price target to 280p from 330p. Rates both the stocks at outperform. Thinks the recent weakness offers a good entry point ahead of the mid-August 3Q results. Thinks '11 could turn
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
7th Jul 2010 14:04
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1304 GMT [Dow Jones] Exane BNP Paribas cuts Thomas Cook (TCG.LN) price target to 260p from 310p and TUI Travel (TT.LN) pri
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 07:15
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] 0615 GMT [Dow Jones] UBS upgrades TUI Travel (TT.LN) to buy from neutral, but cuts its target price to 250p from 265p. Says "
Read moreMARKET TALK: UBS Upgrades TUI Travel To Buy From Neutral
5th Jul 2010 07:15
0615 GMT [Dow Jones] UBS upgrades TUI Travel (TT.LN) to buy from neutral, but cuts its target price to 250p from 265p. Says "market risk aversion and concerns that the depreciation in the euro or a late collapse in summer '10 sales will cause significant earnings downgrade seem to have caused the sh
Read moreUPDATE: UK Govt Mulls Air Traffic Controller NATS Stake Sale
22nd Jun 2010 13:47
(Updates adding comment from NATS.) By Kaveri Niththyananthan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. government is considering selling its stake in air traffic controller NATS, Chancellor of the Exchequer George Osborne said Tuesday. The announcement that it may sell its
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