Sector 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
Read moreFTSE 250 movers: Entertainment One deal boosts share price
17th Dec 2015 15:04
(ShareCast News) - The FTSE 250 was up on the back of Wednesday night's rate hike from the Federal Reserve, up 122.43 points (0.72%) to 17,198.37 by mid-afternoon Thursday. Entertainment One surged over 5% after it announced it had extended its output agreement with DreamWorks Pictures through the c
Read moreUBS sees value in BG/Royal Dutch Shell, Tullow, Premier Oil
16th Dec 2015 12:19
(ShareCast News) - Going into 2016 - and despite oil prices being at around seven-year lows - UBS said it was the most optimistic in nearly two years and saw value in the shares of several companies in the space. "Although oil prices currently look unsustainably low for some operators, we can see a
Read moreFTSE 250 movers: Broker notes spur on big movers
15th Dec 2015 15:24
(ShareCast News) - The FTSE 250 looks to finish the day in the green, with the second-tier market up 228.85 point (1.36%) to 17,001.42 mid-afternoon Tuesday. Circassia Pharmaceuticals rose to the top of the ranks after RBC Capital Markets initiated coverage at 'top pick' for the company. "With intr
Read moreTullow finds 100 metres of net pay oil at Kenya project
15th Dec 2015 07:50
(ShareCast News) - Tullow Oil said it had found 102 metres of net oil pay in two columns at its Etom-2 well in Northern Kenya. Oil samples, sidewall cores and wire line logging all indicated the presence of high API oil in the best quality reservoir encountered in the South Lokichar Basin to date, T
Read moreFTSE 250 movers: Commodities downturn clobbers midcaps
14th Dec 2015 15:14
(ShareCast News) - The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52. The commodities downturn hit a number of FTSE 250 companies on Monday, with Evraz down over 15% by mid-afternoon. Three-month metal contracts were down, with
Read moreFTSE 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
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