London 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
Read moreSunday's tips round-up: Tullow Oil, Kalahari, Amec
17th May 2009 15:15
Tullow Oil shares have risen about 40pc since they were recommended at 698p at the end of January. With an exciting 12 months ahead for the group, the shares remain a buy, despite their high rating, says the Sunday Telegraph. Few stocks have done as well as Kalahari this year and the recent momentu
Read moreLondon close: Banks hold back Footsie
12th May 2009 16:28
There was no shortage of company news to give Footsie direction but the index ended the day little changed as downbeat banks offset well-received updates. Royal Bank of Scotland, Lloyds Banking Group and Barclayseased after Credit Suisse suggested the margins of UK banks will come under pressure.
Read moreLondon afternoon: Back in the blue
12th May 2009 14:11
In keeping with the day's topsy-turvy theme, the Footsie is back in positive territory, despite the weakness of banks and miners. Royal Bank of Scotland, Lloyds Banking Group and Barclays are all easier after Credit Suisse suggested the margins of UK banks will come under pressure. In the mining
Read moreLondon midday: Banks lower on margin worries
12th May 2009 12:13
The market had an indecisive morning, with yesterday's decline after four successive days of gains giving investors pause for thought. Banking is the weakest sector after a cautious review of UK banks by Credit Suisse. The Swiss bank has cut its ratings on Barclays and Royal Bank of Scotland, with
Read moreLondon open: Dull start for Footsie
12th May 2009 08:46
London's blue chips have opened lower as investors digest a string of trading statements and results. Pubs group Enterprise Inns has called time on its dividend as it seeks to pay down its debt pile. The company announced an interim pre-tax profit of £103m, in line with market expectations but down
Read moreLondon pre-open: Shares to drop
12th May 2009 07:42
London's blue chips look set to open lower with traders expecting Footsie to shed around 30 points early on. Pubs group Enterprise Inns has called time on its dividend as it seeks to pay down its debt pile. The company announced an interim pre-tax profit of £103m, in line with market expectations b
Read moreTullow says outlook 'very positive'
12th May 2009 07:01
Ireland-based Tullow Oil has performed strongly in 2009 to date and said the outlook for the rest of the year remains 'very positive'. The Jubilee development is on track for first oil in the second half of 2010 and the group has maintained a 100% success rate with its drilling operations in both G
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