FTSE 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
Read moreTullow Oil pegs back full year loss to $1bn
10th Feb 2016 08:52
(ShareCast News) - Tullow Oil has nearly halved its full year loss, however the company's revenues for the year have dropped substantially. The FTSE 250 oil and gas exploration and production group released its results for the year to 31 December 2015 on Wednesday. It showed revenues had fallen 27%
Read moreMonday broker round-up
8th Feb 2016 15:02
(ShareCast News) - Petrofac: Goldman Sachs downgrades to neutral with a target of 909.8p. G4S: Jefferies downgrades to underperform with a target price of 170p. Cairn Energy: RBC keeps at outperform, 200p target. Wood Group: Goldman Sachs downgrades to sell, 517.6p target. Amec Foster Wheeler: No
Read moreMonday newspaper round-up: Google, Rolls-Royce, Tullow Oil
8th Feb 2016 07:14
(ShareCast News) - Google is developing a new virtual-reality headset for smartphones, and adding extra support for the technology to its Android operating system, as it challenges Facebook's Oculus for an early lead in Silicon Valley's latest platform war. The new headset will be a successor to Car
Read moreFriday broker round-up
5th Feb 2016 15:07
(ShareCast News) - Enterprise Inns: Barclays downgrades to underweight with a target of 80p. Thomas Cook: HSBC reiterates hold with a target price of 100p and JP Morgan keeps at overweight with a 170p target. Victrex: Deutsche Bank keeps at hold, 2000p target, UBS maintains neutral with a target
Read moreFTSE 250 movers: Oil and miners help market claw back losses
4th Feb 2016 15:11
(ShareCast News) - The FTSE 250 was in the green by mid-afternoon on Thursday, clawing back some gains from the week-to-date of losses, up 66.43 points (0.42%) to 16,058.85. Oil companies and miners were the biggest stars, as commodity prices continued to rise. At 1516 GMT, West Texas Intermediate c
Read moreFTSE 250 movers: Investors worried about Ocado Smart Platform partners
2nd Feb 2016 15:33
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, with the second tier market down 249.75 points (1.51%) to 16,239.51 points by mid-afternoon. Despite posting double-digit revenue growth for the year through "challenging market conditions", shares in Ocado Group were down over 8%. T
Read moreLiberum cuts targets on wide swathe of oil sector firms
2nd Feb 2016 12:33
(ShareCast News) - Analysts at Liberum cut their share price targets for a wide swathe of the London-listed oil sector after taking into account the sharp shift lower in futures prices over the last four months. Worries about demand conditions in China and Europe, together with the threat of growing
Read moreLondon close: Stocks end lower on lacklustre UK GDP
28th Jan 2016 16:07
(ShareCast News) - London stocks ended lower on Thursday after uninspiring UK fourth quarter economic growth data. The Office for National Statistics said UK gross domestic product rose 0.5% quarter-on-quarter in the final three months of 2015, up from 0.4% in the third quarter, as expected by analy
Read moreFTSE 250 movers: Oil stocks surge as crude prices rise
28th Jan 2016 14:43
(ShareCast News) - The FTSE 250 was back in the red by mid-afternoon on Thursday, down 12.76 points (0.08%) to 16,268.22. Melrose Industries was the biggest faller after it returned around £2.4bn in cash back to shareholders. The company gave 240p for each share held after the £3.3bn disposal of its
Read moreWednesday broker round-up
27th Jan 2016 17:31
(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
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