Directors 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
Read moreTullow Oil sacks off Rome well
7th Jul 2016 13:29
(ShareCast News) - Tullow Oil's Norwegian arm has plugged and abandoned an exploration well on the Rome prospect in the central North Sea after it failed to find any oil or gas. The exploration well, numbered 16/5-6, was drilled in production licence PL776, where Tullow Oil Norge has a 40% operated
Read moreTullow Oil expecting significant fall in first-half revenue
30th Jun 2016 07:57
(ShareCast News) - Tullow Oil updated the market ahead of the end of its first half on Thursday, with first oil projected from the TEN project expected imminently, but revenue and gross profit taking a dive. The FTSE 250 firm gave revenue guidance for the half-year of $0.5bn total revenue, down from
Read moreBarclays names Ophir Energy 'top-pick', upgrades Premier Oil
21st Jun 2016 14:46
(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process
Read moreS&P removes Tullow Oil from CreditWatch, but keeps negative outlook
2nd Jun 2016 14:44
(ShareCast News) - Standard&Poor´s took Tullow Oil´s debt off its list of corporate debt instruments which were facing an immediate risk of a debt downgrade, but cautioned that the oil explorer was still facing operational risks at its two key projects, in Ghana. S&P reaffirmed its credit rating on
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
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