FTSE 250 movers: Easing Brexit fears lift Redrow and Countrywide
23rd May 2016 14:14
(ShareCast News) - The FTSE 250 was not far off its three-month high on Monday afternoon, up 0.71% at 17,042.61 as a buoyant handful of challenger banks and property-related stocks outweighed those hit by the oil price retreat. The Treasury weighed into the Brexit debate, aiming to convince Britain
Read moreCentrica and Tullow gain as Norway awards 10 oil licences in Arctic Sea
18th May 2016 14:47
(ShareCast News) - Norway has awarded 10 new offshore oil exploration licences in the Arctic and the border zone with Russia, the first time the country has offer new acreage in twenty years. The Norwegian oil ministry doled out 10 licences that consisted of 40 blocks, with 13 companies offered part
Read moreBroker tips: EasyJet, Restaurant Group, Tullow Oil
9th May 2016 12:35
(ShareCast News) - RBC Capital Markets upgraded EasyJet to 'outperform' from 'underperform' and lifted the price target to 1,500p from 1,450p. It said the drop in the shares - which are down 16% versus the FTSE 100 year-to-date - is a good entry point. "We now see a window opening in easyJet shares
Read moreBMO upgrades Tullow Oil to 'outperform'
9th May 2016 10:41
(ShareCast News) - BMO Capital Markets upgraded Tullow Oil to 'outperform' from 'market perform' and lifted the target price to 310p from 200p. "The oil exploration and production industry is a risky asset class, however Tullow Oil has shown itself capable to adapt to the lower oil price environment
Read moreFriday broker round-up
6th May 2016 14:34
(ShareCast News) - Man Group: Citigroup downgrades to sell with a 120p target. Royal Mail: Jefferies reiterates underperform with a 400p target. Easyjet: JP Morgan keeps at overweight with a 1900p target. IMI: Societe Generale reiterates hold with a target of 920p and JP Morgan stays at neutral wi
Read moreTuesday broker round-up
3rd May 2016 15:50
(ShareCast News) - Tullow Oil: Goldman Sachs upgrades to buy with a 274,30p target. RSA Insurance: Barclays upgrades to overweight with a 545p target. RBS: UBS reiterates neutral with a target price of 250p Barclays reiterates equal-weight with a target of 270p and Goldman Sachs stays at buy with 3
Read moreTullow Oil gushes lower as Macquarie and Goldman downgrade
3rd May 2016 11:43
(ShareCast News) - Tullow Oil gushed lower on Tuesday as Macquarie, Goldman Sachs and Numis all had their say on the stock. Goldman Sachs downgraded Tullow to 'neutral' from 'buy' and cut the price target to 274.30p from 305p on the back of the recently announced need for two pipelines in East Afric
Read moreFTSE 250 movers: Restaurant Group sinks as revenues lift Rotork
29th Apr 2016 14:51
(ShareCast News) - The FTSE 250 was down in afternoon trading on Friday, as investors picked their way through a raft of corporate earnings and as data showed the eurozone fell further into deflation in April. Valve maker Rotork was among the index leaders in afternoon trading, after it reported a 0
Read moreFTSE 250 movers: Tullow and Weir limit losses
28th Apr 2016 14:50
(ShareCast News) - The FTSE 250 pared earlier losses by Thursday afternoon, as a strong showing from Tullow Oil, Weir and other resources-related groups overcame the effect of ex-dividend day. Stocks going ex-divi on the day included Cobham, Elementis, Tullett Prebon and William Hill. Cobham was a
Read moreBroker tips: Stagecoach, Next, Tullow Oil
28th Apr 2016 12:35
(ShareCast News) - Investec upgraded Stagecoach to 'reduce' from 'sell' saying that while the outlook for the company remains negative in many areas, much of this is already priced into the shares. The brokerage said it has adjusted its sum-of-the-parts valuation, removing Megabus Europe losses from
Read moreTullow cuts full-year capex; sees further savings
28th Apr 2016 08:10
(ShareCast News) - Africa-focused oil miner Tullow said first quarter production was slightly below expectations due to technical issues at the Jubilee field off Ghana, but said 2016 capital expenditure would be cut by $100m to $1bn "with further savings expected". The FTSE 250 company also secured
Read moreTuesday newspaper share tips: Premier Oil, Tullow Oil, Hurricane Energy
19th Apr 2016 14:01
(ShareCast News) - When capital and labour clash, the former is likely to come out on top, something which some UK oil explorers should note, the Financial Times's Lex column said. OPEC ministers meeting over the weekend in Doha failed to get a grip on their levels of production by agreeing to freez
Read moreTuesday broker round-up
12th Apr 2016 19:38
(ShareCast News) - Vesuvius: Jefferies downgrades to sell with a target price of 255p. Ashtead: HSBC downgrades to hold with a target price of 970p. Cairn Energy: Canaccord reiterates hold with a target price of 215p. Just Eat: JP Morgan keeps at outperform with a target of 775p. Vedanta: Jefferi
Read moreTullow Oil confirms damage at Ghana field
8th Apr 2016 07:41
(ShareCast News) - Tullow Oil said there has been damage to the turret bearing on a floating production storage and offloading (FPSO) unit at its Jubilee field in Ghana, but the company does not expect this to have any significant impact on revenue. The FTSE 250 group said oil production and gas exp
Read moreTullow Oil announces successful well appraisal in Barents Sea
6th Apr 2016 09:12
(ShareCast News) - Tullow Oil said on Wednesday that it has successfully explored and appraised the Wisting South & Wisting West appraisal well in the Barents Sea, offshore Norway. Results of drilling, wireline logs and samples of reservoir fluids show the well encountered an oil column of 22 metres
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