Sector movers: Financials, oil pace advance
16th Mar 2016 21:18
(ShareCast News) - The 2016 Budget left analysts divided about whether the Chancellor would be able to meet his targets for reducing the public deficit in this parliament, but for diversified financials St.James's Place and Hargreaves Lansdown the new measures he unveiled were a clear positive, acco
Read moreTullow Oil announces strong oil shows at Kenya well
16th Mar 2016 07:39
(ShareCast News) - FTSE 250 oil and gas exploration group Tullow Oil said its Cheptuket-1 well in Northern Kenya has encountered good oil shows. Cheptuket-1, which is in Block 12A, is the first well to test the Kerio Valley Basin and was drilled to a final depth of 3,083 metres. The objective of th
Read moreWednesday broker round-up
9th Mar 2016 16:26
(ShareCast News) - Worldpay: Jefferies reiterates buy with a target price of 340p and Goldman Sachs keeps at buy with a target price of 400p. Burberry: HSBC downgrades to hold, 1500p target. Croda International: Goldman Sachs downgrades to neutral with a target price of 3300p. Ashtead: Credit Suis
Read moreFriday broker round-up
4th Mar 2016 16:52
(ShareCast News) - Coca-Cola Hbc: HSBC upgrades to neutral with a target price of 1423p. Petrofac: Citigroup downgrades to neutral. Redefine International: JP Morgan upgrades to neutral with a target price of 50p. William Hill: UBS downgrades to sell with a target price of 365p. Euromoney Interna
Read moreFTSE 250 movers: Oil prices help producers and service providers surge
26th Feb 2016 15:05
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon on Friday, up 173.01 points (1.05%) to 16,572.08. Oil producers and service companies featured heavily on the risers, as oil prices continued to rebound. At 1527 GMT, West Texas Intermediate was up 1.64% to $33.62, while Brent crude
Read moreWednesday broker round-up
24th Feb 2016 15:28
(ShareCast News) - Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p. Home Retail Group: Canaccord upgrades hold with a target price of 175p. Capital & Countries Prop
Read moreBroker tips: Segro, Tullow Oil, BBA Aviation
19th Feb 2016 13:03
(ShareCast News) - Segro's shares climbed on Friday as Investec reiterated a 'buy' rating, hailing the company's full year results. The property developer reported its full year net asset value (NAV) rose 21% to 463p a share, while pre-tax profits increased to £686.5m from £654m. The company said i
Read moreCharles Stanley upgrades Tullow Oil after share price fall
19th Feb 2016 10:40
(ShareCast News) - Charles Stanley upgraded Tullow Oil to 'hold' from 'sell' given the sharp drop in the share price and potential de-gearing. The brokerage noted the shares are down 58% over 12 months. Charles Stanley said that with net debt of $4bn, Tullow has facility headroom of $1.9bn, while b
Read moreTullow Oil slumps as it flags potential issue on Jubilee field vessel
18th Feb 2016 09:05
(ShareCast News) - Shares in Tullow Oil sank after the oil and gas exploration company said it had identified a potential issue with the turret bearing on the vessel serving its Jubilee field offshore Ghana. The company said that following a recent inspection of the turret area of the vessel by SOFE
Read moreBroker tips: Tullow Oil, BT Group, StanChart
12th Feb 2016 16:34
(ShareCast News) - Tullow Oil has been downgraded from 'outperform' to 'neutral' by Exane BNP Paribas, as it signalled the challenges for the oil exploration and production sector are "worse than we thought". "A weakening demand environment, US shale's continued resilience and conventional supply gr
Read moreFTSE 250 miners: Metals and oil stocks rebound
12th Feb 2016 15:08
(ShareCast News) - The FTSE 250 was in the black on Friday, with the index up 231.28 points (1.52%) to 15,410.08 by mid-afternoon. Miners featured at the top of the risers list as metal prices rebounded, with shares in Vedanta Resources up nearly 8% as a result. The company also said it is cutting
Read moreTullow Oil downgraded by Exane as sector challenges highlighted
12th Feb 2016 08:59
(ShareCast News) - Tullow Oil has been downgraded from 'outperform' to 'neutral' by Exane BNP Paribas, as it signalled the challenges for the oil exploration and production sector are "worse than we thought". "A weakening demand environment, US shale's continued resilience and conventional supply gr
Read moreWednesday broker round-up
10th Feb 2016 16:22
(ShareCast News) - Virgin Money: Nomura starts coverage at buy with a target of 445p. Domino's Pizza: Credit Suisse upgrades to outperform with a target price of 1100p. BBA Aviation: Goldman Sachs downgrades to neutral with 181p target. Greencore: Societe Generale reiterates hold with a 386p targe
Read moreDirector backs Tullow Oil after $1bn loss
10th Feb 2016 15:52
(ShareCast News) - Tullow Oil director Jeremy Wilson has increase his in the company, hours after it posted a $1.09bn (£752.6m) loss for 2015. Wilson purchased 30,000 shares for nearly £44,000 in a bid to give the market confidence about the company's future. It takes his total holding to 45,000 sh
Read moreFTSE 250 movers: Domino's leads index after upgrade
10th Feb 2016 15:26
(ShareCast News) - The FTSE 250 made some ground on Wednesday, with the second tier index up 252.74 points (1.65%) to 15,569.67 by mid-afternoon. Domino's Pizza Group led the risers after Credit Suisse upgraded the stock from 'neutral' to 'outperform' and added it to its Europe Small and Mid-Cap Foc
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