FTSE 250 movers: Oil prices weigh on market
11th Dec 2015 15:25
(ShareCast News) - With only two weeks to Christmas, the FTSE 250 wasn't feeling very festive on Friday after it fell 159.12 point (0.93%) to 16,921.13 by mid-afternoon. Oil stocks weighed on the second-tier market as oil prices hit new lows on Friday. Brent hit a seven-year low at $38.84, while Wes
Read moreJP Morgan warns of risks in Premier Oil
7th Dec 2015 15:49
(ShareCast News) - If you are looking for a way to 'play' a possible bounce in stock prices should oil rebound - so-called oil price Beta - Tullow Oil is a better choice than Premier Oil, JP Morgan said. Premier Oil is a full-cycle exploration outfit with a diverse set of assets, the broker noted, i
Read moreTullow Oil fails to find hydrocarbons at Emesek-1 well in Kenya
17th Nov 2015 07:56
(ShareCast News) - Tullow Oil's Emesek-1 exploration well in the North Lokichar basin in Northern Kenya has reached a total depth of 3,000 metres but did not encounter commercial hydrocarbons. The FTSE 250 exploration and production company said the well will now be plugged and abandoned. Following
Read moreTullow Oil gushes higher on UBS upgrade to 'buy'
16th Nov 2015 10:16
(ShareCast News) - Tullow Oil shares surged after UBS upgraded the stock to 'buy' from 'neutral' and lifted the price target to 240p from 230p as it called a bottom to the net asset value downgrade cycle. "This is a well-financed company with quality assets and a proven development track-record, off
Read moreFTSE 250 movers: TalkTalk's dividend increase helps market rebound
11th Nov 2015 13:40
(ShareCast News) - The FTSE 250 has rebounded after a poor start to the week, with the market in the black by mid-afternon Wednesday at 17,097.44, up 57.62 points (0.34%). TalkTalk led the market after it surprised all by lifting its interim dividend, as it estimated the one-off financial impact of
Read moreTullow Oil lowers production guidance, confirms revenue in line with expectations
11th Nov 2015 08:34
(ShareCast News) - Oil and gas explorer Tullow Oil adjusted the full year production guidance from its West Africa operations as it confirmed revenue and costs are in line with annual expectations. The FTSE 250 group lowered oil production guidance from between 66,000 to 70,000 barrels per day (bpd)
Read moreLondon midday: FTSE little changed as investors digest US rate expectations
9th Nov 2015 11:50
(ShareCast News) - Housebuilders were the standout losers on the FTSE 100 after after Friday´s much stronger-than-expected US jobs report for October stoked speculation of rising interest rates worldwide. At midday, the FTSE 100 was off by just 0.69 points or 0.01% to 6,353.11. The latest US non-fa
Read moreTullow Oil surges on Moller-Maersk's African expansion
9th Nov 2015 09:32
(ShareCast News) - Shares in oil exploration and production company Tullow Oil surged on Monday after Copenhagen-based A.P. Moeller-Maersk A/S agreed to buy half of Africa Oil Corp.'s shares in licenses in Kenya and Ethiopia, where Tullow operates some blocks. "The news for Tullow is very positiv
Read moreFTSE 250 movers: Aveva Group drives market higher
20th Oct 2015 15:02
(ShareCast News) - The FTSE 250 was up mid-afternoon Tuesday to 16,974.63, rising 57.29 points (0.34%). Shares in engineering software company Aveva Group rallied after Berenberg upgraded the stock to 'buy' from 'hold' and lifted the price target to 2,450p from 1,977p. "Our discussions with various
Read moreFTSE 250 movers: Oil companies and oilfield services on the slide
19th Oct 2015 14:52
(ShareCast News) - The FTSE 250 crawled back into positive territory on Monday afternoon after the UK mid-cap lost momentum from its early spike. By 1550 BST the index was up 0.12% at 16,913.29, helped along by the steady climbing of Pace despite the set-top box maker's £1.4bn proposed merger with U
Read moreSunday newspaper round-up: HSBC, bank charges, ITV, Dairy Crest
18th Oct 2015 16:00
(ShareCast News) - HSBC has swung back in favour of keeping its headquarters in the UK, after some placatory watering down of planned reforms within the banking industry. The bank, which had threatened to move out of Britain, has been placated by Chancellor George Osborne's decision to reduce the ba
Read moreBroker tips: N Brown, ITV, Tullow Oil, Soco International
14th Oct 2015 17:21
(ShareCast News) - Investec on Wednesday retained its 'hold' rating on N Brown after the fashion and home shopping retailer reported a decline in half-year profits. The FTSE 250 group, whose shopping brands include plus-size focused Simply Be and Jacamo, lifted revenues 4.2% to £415.8m but saw opera
Read moreTullow Oil and Soco International slump on Macquarie downgrade
14th Oct 2015 10:14
(ShareCast News) - Shares in Tullow Oil and Soco International were under pressure after Macquarie downgraded both stocks to 'neutral' from 'outperform' on valuation grounds, as it took a look at the European exploration and production sector. Macquarie pointed out that crude oil price rose by $10 i
Read moreFTSE 250 movers: Commodities cause market to slide
13th Oct 2015 14:15
(ShareCast News) - The FTSE 250 continued to slide on Tuesday, dropping 94.11 points (0.55%) mid-afternoon to 16,892.84 after much weaker than expected data on Chinese imports in September. Natural resource related companies were the biggest fallers of the day. Evraz led the pack on the back of gold
Read moreLondon open: Stocks slide as Chinese imports and exports contract
13th Oct 2015 08:33
(ShareCast News) - London's FTSE 100 index declined early on Tuesday after Chinese trade data showed a fall in exports and imports in September, adding to worries about the country's flagging economy. Chinese exports decreased 3.7% in September from a year earlier in US dollar terms following a 5.5%
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