Tullow 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%
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreLondon close: Stocks rise after BoE and ECB meeting minutes
8th Oct 2015 16:22
(ShareCast News) - UK stocks gained after the Bank of England decided to keep interest rates unchanged and the European Central Bank suggested it might consider further stimulus. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as e
Read moreLondon midday: Stocks rise as BoE votes to keep interest rates unchanged
8th Oct 2015 11:07
(ShareCast News) - London stocks recovered slightly from losses earlier on Thursday as the Bank of England decided to keep interest rates unchanged. The BoE's Monetary Policy Committee voted 8-1 to maintain rates at 0.50% and its asset purchase programme at £375bn, as expected by analysts. Ian McCaf
Read moreTullow Oil strikes deal with Gabon over Onal Complex fields
8th Oct 2015 07:54
(ShareCast News) - Tullow Oil has reached an agreement with the government of Gabon over its licences in the Onal Complex Fields, regaining its 7.5% stake in the Onal Complex producing fields and the Ezanga block. In addition, the oil and gas exploration and production group has been granted licence
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