FTSE 250 movers: Opec outperformers offset housing and outsourcing slips
29th Sep 2016 14:59
(ShareCast News) - Oil-related stocks led the FTSE 250 higher on Thursday after Opec's surprise overnight deal, though an initial spike tailed off towards the close. Producer Tullow Oil, which is seen as quite crude-price sensitive, led the leaderboard, while oil investor Riverstone Energy was not f
Read moreTullow Oil confirms insurance cover for Jubilee turret
23rd Sep 2016 07:29
(ShareCast News) - Tullow Oil said on Friday that hull and machinery cover for the floating production, storage and offloading vessel on the Jubilee field offshore Ghana has been confirmed following the failure earlier this year of the turret bearing. The company said the policy, which is procured o
Read moreTullow Oil finds up to 70m barrels in Cara prospect in Norwegian North Sea
16th Sep 2016 09:21
(ShareCast News) - Tullow Oil said on Friday that drilling and testing of the Cara prospect in the Norwegian North Sea has been completed and between 25 and 70 million barrels of oil equivalent have been discovered. The FTSE 250 company said the well encountered a gas column of 51 metres and an oil
Read moreSector movers: Interest rate-sensitive issues pace gains
2nd Sep 2016 16:11
(ShareCast News) - The safest and highest dividend-paying stocks paced gains on the market at the end of the week, as a weaker-than-expected US jobs report for August reaffirmed some economists´ view that the US central bank was unlikely to hike interest rates come September. Thus, it was the likes
Read moreSector movers: Mining, Big Oil race to the top
26th Aug 2016 17:53
(ShareCast News) - Mining raced to the top of the leaderboard on Friday, boosted by an initial burst of volatility in global capital markets after Yellen's speech that saw the US dollar dip and commodity prices gain. Nevertheless, just after the closing bell in London rang US short-term rates change
Read moreDirectors dealings: Tullow boss cashes in
23rd Aug 2016 16:55
(ShareCast News) - Tullow Oil boss Aidan Heavey pocketed £759,031.88 from the excercise of options granted to him under the oil explorer's 2005 deferred share bonus plan in 2005, together with sales via JSN Investments Limited. On 22 August Heavey sold 111,298 shares directly at £2.2873 apiece for £
Read moreTuesday broker round-up
23rd Aug 2016 09:19
(ShareCast News) - Ithaca Energy: Barclays reiterates underweight with a target price of 70p. Mediclinic: JP Morgan maintains neutral with a 1160p target. Premier Oil: Barclays reiterates overweight with a 100p target. South 32: Jefferies reiterates hold with a 110p target. Mondi: Citigroup keeps
Read moreTullow announces first oil from TEN fields
18th Aug 2016 07:16
(ShareCast News) - Crude oil began flowing from Tullow Oil´s TEN fields offshore Ghana on time and on budget. First oil had started being pumped to its floating production offtake vessel Prof. John Evans Atta Mills from the Tweneboa, Enyenra, Ntomme (TEN), the company said in a statement. Significa
Read moreLondon close: Stocks finish flat after uninspiring data
12th Aug 2016 16:02
(ShareCast News) - London stocks finished broadly flat on Friday following a batch of uninspiring economic data including reports on UK construction, eurozone gross domestic product and US retail sales. UK construction output fell 0.9% in June from May, more or less in line with consensus expectatio
Read moreFTSE 250 movers: Restaurant Group leads risers, Genus tops fallers
12th Aug 2016 15:32
(ShareCast News) - The FTSE 250 was up 0.62% to 17,918.63 points in Friday afternoon trade. The Restaurant Group was a top riser on London's second tier index after the pub and restaurant chain announced the departure of its chief executive Danny Breithaupt, who has been with the company for 15 year
Read moreBroker tips: A.G. Barr, Drax, Tullow Oil
12th Aug 2016 09:48
(ShareCast News) - A.G. Barr shares fell on Friday as Berenberg downgraded its rating on the stock to 'sell' from 'hold' and cut its target price to 470p from 530p, citing a "weak" trading update by the soft drinks maker. In a 2 August trading statement, the Irn Bru maker said it expected a 2.9% yea
Read moreBofA ML upgrades Tullow, says cash wave approaching
12th Aug 2016 09:00
(ShareCast News) - Bank of America Merrill Lynch upgraded Tullow Oil to 'buy' from 'neutral' and lifted the price target to 285p from 275p. BofA noted the shares have materially underperformed the sector. "Over the past 24 and 36 months, shares have returned -70% and -80% respectively, against the
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read moreTullow reports surprise first half profit to beat expectations
27th Jul 2016 09:33
(ShareCast News) - Africa-focused oil explorer and producer Tullow beat the oil market blues with an unexpected first-half profit of $24m, beating expectations and lifting the shares 3% in early Wednesday trade. The result came despite a 34% plunge in revenues to $541m, although this was also lower
Read moreSector movers: Oil companies and airlines under pressure
25th Jul 2016 14:12
(ShareCast News) - London stock indices were held back on Monday as oil prices traded down towards their lowest levels in weeks. On the FTSE 100, Royal Dutch Shell and BP were lower as crude slumped below $44.00 on persistent oversupply concerns. Front-month Brent crude was down 1.4% to $45.03 b
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