London close: Miners buoy Footsie
10th Jun 2009 16:37
Footsie finished higher but with much diminished gains after surging in early dealings led by buoyant mining stocks then falling back as Wall Street retreated. Miner ENRC surged ahead after it said sales and production volumes during the first quarter were better than prior expectations though pri
Read moreLondon afternoon: Equities off the top
10th Jun 2009 15:06
Shares have eased back in the first half of the afternoon session, though Footsie remains in positive territory. Miners and banks remain the best performers. Miner ENRC surges ahead after it said sales and production volumes during the first quarter were better than prior expectations though pricin
Read moreFTSE 100 movers: Miners surge on commodity hopes
10th Jun 2009 12:51
Miners are buoyant today helped by optimism on metal demand, surging oil prices, a weak dollar and global recovery. ENRC is one of the main risers. It reported sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Xstrata
Read moreLondon midday: Miners continue to rally
10th Jun 2009 12:19
Footsie is up more than 100 points with miners and banking shares driving the market forward. Miner ENRC is one of the main risers. Today it said sales and production volumes during the first quarter were better than prior expectations though pricing pressures remain. Vedanta, Xstrata, Kazakhmys, R
Read moreFTSE 100 movers: Broker upgrade boosts Tullow
9th Jun 2009 13:11
Tullow Oil was in favour today after an upbeat note on the company from Deutsche Bank. Tullow remains Deutsche's top pick among UK oil explorers and producers, following a spectacular run of success with its exploration prospects. Meanwhile, Tullow's next well, Ngassa-2, is 'undoubtedly the most bi
Read moreBroker tips: Tullow, Greene King, Misys
9th Jun 2009 12:29
Oil stocks generally failed to sustain early gains in London on Tuesday despite the price of Brent crude edging up by almost a dollar a barrel, but Tullow Oil remains firm after an upbeat note on the company from Deutsche Bank. Tullow remains Deutsche's top pick among UK oil explorers and producers
Read moreBroker snap: High risk/reward on Tullow's next well
9th Jun 2009 12:03
Oil stocks generally failed to sustain early gains in London on Tuesday despite the price of Brent crude edging up by almost a dollar a barrel, but Tullow Oil remains firm after an upbeat note on the company from Deutsche Bank. Tullow remains Deutsche's top pick among UK oil explorers and producers
Read moreLondon close: Footsie limps back into positive territory
27th May 2009 17:02
The movements of London's blue-chip index looked as if they were being directed by the grand old Duke of York today, with the index starting the day on the up, then heading lower over the lunchtime session before finishing roughly where it started. Sterling moved above $1.60 for the first time sin
Read moreLondon afternoon: Footsie drifts into the red
27th May 2009 14:58
London's leading shares are mixed in quiet trading. Hopes of receiving a lift from a strong start on Wall Street have been dashed, with the US market trading indecisively as London as traders await the release of US existing home sales data. Water companies receive a boost ahead of the sector's res
Read moreLondon midday: Water companies keep Footsie afloat
27th May 2009 12:10
The Footsie is barely keeping its head above water, despite expectations of a moderately firm start on Wall Street. Water companies receive a boost ahead of the sector's results season which starts this week, with Credit Suisse claiming the sector's rally is set to continue. The Swiss bank has upgr
Read moreLondon open: Modest gains for blue chips
27th May 2009 08:52
Footsie has made modest gains in early dealings after a strong showing on Wall Street last night. Mexico-based silver miner Fresnillo reports a strong start to 2009, with silver production up 9% on last year and stable gold production. Tullow Oil said the Awaka-1 exploration well, located in the
Read moreLondon pre-open: Footsie to keep gains
27th May 2009 07:46
Footsie is expected add slightly to yesterday's gains after a strong showing on Wall Street last night. Mexico-based silver miner Fresnillo reports a strong start to 2009, with silver production up 9% on last year and stable gold production. "In US dollar terms, our costs are declining compared to
Read moreTullow abandons Uganda Awaka-1 well
27th May 2009 07:03
Tullow Oil said the Awaka-1 exploration well, located in the Butiaba region of Uganda Block 2, has been plugged and abandoned after only encountering water bearing reservoir sands. "Although we are disappointed to encounter our first failed trap in a highly successful 23-well campaign, the Awaka-1
Read moreBroker tips: Tate & Lyle, Homeserve, Tullow Oil
19th May 2009 13:01
The poaching of highly regarded Javed Ahmed from Reckitt Benckiser to take over from Ian Ferguson as CEO at Tate & Lyle has given a rush to the share price of the sugar and sweeteners group. Broker Charles Stanley suggests that the arrival of two new brooms at the top - Ahmed will take over as chie
Read moreBroker snap: Uganda prospects boost Tullow
19th May 2009 09:58
A spectacular run of success with its drilling operations in Ghana and Uganda has helped the share price of Tullow almost double this year, but UBS thinks there is more to come. The Swiss bank has upped its price target for the Irish oil company to 1015p from 900p. Tullow said earlier this month t
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