FTSE 250 movers: Insurance worries sends Moneysupermarket.com falling
15th Jan 2016 15:21
(ShareCast News) - The FTSE 250 was set to close at its lowest point for 2016, with the market already down 256.85 points (1.56%) to 16,156.42 by mid-afternoon Friday. Moneysupermarket.com was the market's biggest faller after the company's fourth quarter insurance revenues were hit by stronger comp
Read moreFTSE 250 movers: Oil prices help market stay mostly in the black
13th Jan 2016 15:23
(ShareCast News) - The FTSE 250 was in the black for most of Wednesday, before a sharp fall late in the afternoon sent it into the red. The second-tier market was down 2.79 points (0.02%) to 16,685.12 under an hour before the market was due to close. Oil and gas producers and service providers were
Read moreTullow sees almost $1bn in writedowns for 2016; more capex cuts
13th Jan 2016 08:09
(ShareCast News) - Tullow Oil said it expects to report 2015 revenue of $1.6bn (£1.1bn) and gross profits of $600m (£416m) although it warned that the low oil price would result in almost $1bn in writedowns. It added that capital expenditure had been cut to $1.1bn from $1.7bn and its looking for ext
Read moreFTSE 250 movers: Zoopla helps keep market marginally in the black
8th Jan 2016 15:11
(ShareCast News) - The FTSE 250 remained in the black by mid-afternoon, but only just with the market up 0.27 points (0.00%) to 16,792.49. Zoopla Property Group surged nearly 7% after Berenberg issued an analysis of the media sector and reiterated its 'buy' rating for the property classifieds websit
Read moreJP Morgan adds Tullow Oil to Analyst Focus List
8th Jan 2016 12:32
(ShareCast News) - European oil exploration and production companies bore the most collateral damage from last year's "devastating" market share battle between the world's two top producers, but better times might lie ahead, JP Morgan said, if the oil market began to rebalance. The tussle between th
Read moreBroker tips: Tullow Oil, HSBC, Sainsbury's
6th Jan 2016 17:24
(ShareCast News) - Tullow Oil is in a better position than some of its peers to withstand low oil prices thanks to its oil price hedges and current UK corporate tax legislation, a top broker said on Wednesday. Oil exploration and production companies are in a race against time, waiting for low oil p
Read moreTullow Oil well hedged for 2016 UBS says, reiterates buy
6th Jan 2016 16:38
(ShareCast News) - Tullow Oil is in a better position than some of its peers to withstand low oil prices thanks to its oil price hedges and current UK corporate tax legislation, a top broker said on Wednesday. Oil exploration and production companies are in a race against time, waiting for low oi
Read moreFTSE 250 risers: Oil prices and volatile China sees shares drop
6th Jan 2016 15:09
(ShareCast News) - The FTSE 250 was left sitting in a puddle by mid-afternoon Wednesday, down 184.25 points (1.07%) at 17,020.78. Low oil prices were to blame for the second tier market's biggest faller Tullow Oil as well as Cairn Energy. Both Brent Crude and West Texas Intermediate sank below $35 a
Read moreFTSE 250 movers: Ocado keeps falling, Allied Minds lifted by paper tip
4th Jan 2016 14:10
(ShareCast News) - With less exposure to international companies than the blue chip benchmark, the FTSE 250 index was down 1.5% by mid afternoon, compared to the 2%-plus dip of the FTSE 100. Worries about China were the cause of the widespread losses in London, Europe and the US on Monday, but the U
Read moreLondon close: Stocks end lower on slump in commodities
30th Dec 2015 16:19
(ShareCast News) - UK stocks slumped on Wednesday as shares in mining and oil producers declined. Oil prices reversed the previous day's gains on concerns about a supply glut after a report showed an unexpected rise in US crude inventories. The Energy Information Administration said US crude invent
Read moreSector movers: Oil producers and mining stocks under pressure
30th Dec 2015 16:00
(ShareCast News) - Commodity producers were under the cosh on Wednesday as oil and metal prices slipped. Oil prices reversed Tuesday's gains with Brent crude down 2.9% to $36.70 per barrel and West Texas Intermediate down 3.07% to $36.74 per barrel. The decline came after the Energy Information Adm
Read moreSaudi Arabia to keep up pressure on high-cost producers, oil futures slump
30th Dec 2015 13:25
(ShareCast News) - Saudi Arabia would not let up the pressure on high-cost oil producers in a bid to maintain its share of the market, the country's energy minister said on Wednesday. "We will satisfy the demand of our customers. We no longer limit production. If there is demand, we will respond. We
Read moreBroker tips: Retail stocks, Tullow Oil, Glencore
21st Dec 2015 16:28
(ShareCast News) - RBC Capital Markets downgraded Marks & Spencer to 'outperform' from 'top pick' and Associated British Foods to 'underperform' from 'sector perform' but lifted Dixons Carphone to 'top pick' from outperform, as it took a look at the general retail sector. As far as Dixons is concern
Read moreTullow Oil shares up after RBC Capital Markets upgrades to outperform
21st Dec 2015 11:42
(ShareCast News) - RBC Capital Markets has upgraded Tullow Oil from 'sector perform' to 'outperform', but has cut its target price from 400p to 260p due to low oil prices. In a note sent on Monday, it said despite oil prices dropping to new lows, the company can push on. "In H1/16 we expect Tullow
Read moreBroker tips: ASOS, Domino's Pizza, top picks in oil and gas
17th Dec 2015 15:26
(ShareCast News) - Peel Hunt upgraded ASOS to 'buy' from 'hold' and raised the price target to 4,000p from 3,750p. "ASOS is clearly back on the front foot. Not only do we expect strong momentum in sales , but the prior-year focus on full price sales has continued into Q1, with lower discount activit
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