FTSE 250 movers: Polymetal gains but Tullow Oil drops as HSBC slashes target price
10th Sep 2015 14:00
(ShareCast News) - London's FTSE 250 index was on the back foot on Thursday, down 0.6% to 17,051.89 at 1423 BST, tracking wider losses as weak Chinese and Japanese data added to concerns about an economic slowdown, while a strong US jobs report exacerbated fears of a September rate hike by the Feder
Read moreTullow Oil tumbles as HSBC slashes price target
10th Sep 2015 10:30
(ShareCast News) - Shares in Tullow Oil were under pressure after HSBC slashed its price target on the stock to 310p from 514p to reflect the bank's lowered oil price assumptions. On 31 August, HSBC cut its Brent price assumption to $55.4 a barrel for 2015 from $62.5. For 2016-2018, the bank now exp
Read moreCredit Suisse sees slow recovery in oil, cuts targets
9th Sep 2015 09:06
(ShareCast News) - Demand for oil will recover as will prices, but more slowly and from a lower base, creating a challenge for European exploration and production companies, according to new research from Credit Suisse. "A prolonged downturn as we now envision creates greater challenges to the Europ
Read moreFTSE 250 movers: Booker gains on JPM note, commodity stocks slide
4th Sep 2015 16:12
(ShareCast News) - London's mid-cap index was down 1.4% to 16,834.66 at 1611 BST, with commodity stocks pacing the decline as a disappointing nonfarm payrolls report exacerbated worries about a global economic slowdown. Booker was on the front foot as JPMorgan Cazenove raised its price target on the
Read moreFTSE 100 movers: Tullow recovers, Tesco and Morrison hit by Nielsen data
28th Aug 2015 14:04
(ShareCast News) - By mid afternoon on Friday, the FTSE 100 was almost exactly flat on the day, meaning despite all the drama of China's 'Black Monday', London's blue chips would end the week higher than they finished the Friday before. Leaving the rest in its wake by mid-afternoon was Inmarsat, aft
Read moreFTSE 250 movers: Gold miners lifted as mid-caps trip on China's currency fiddling
12th Aug 2015 16:12
(ShareCast News) - The FTSE 250 tumbled in early trading and by the close of the session was down 1.3% at 17,438.09 points. There were a few stocks in positive territory, however, with a three-week haven-inspired high in gold prices helping gold-miners Centamin and Acacia Mining top the second-line
Read moreTullow Oil resumes production at Jubilee field in Ghana
12th Aug 2015 07:05
(ShareCast News) - Tullow Oil said gas exports from its Jubilee field in Ghana have resumed following the completion of works on a gas compressor and oil production has now returned to previous rates. The oil and gas exploration group also said that the governments of Uganda and Kenya have agreed on
Read moreFTSE 250 movers: Commodity prices pull oil stocks down
6th Aug 2015 14:48
(ShareCast News) - London's FTSE 250 fell slightly on Thursday, down 0.25% to 17,731.01 at 1456 BST. Tullow Oil led the fallers, declining 8.67% to 222.20p while fellow oil company Premier Oil was not far behind, falling by 7.81% to 116.80p. The pair suffered at the hands of falling oil prices as a
Read moreTullow Oil first-half loss narrows, but dividend scrapped due to lower oil prices
29th Jul 2015 10:38
(ShareCast News) - Tullow Oil reported a narrowing of its pre-tax loss for the first half, but cut it interim dividend as revenue fell on the back of lower oil prices. For the six months ended 30 June, the oil exploration and production company posted a pre-tax loss of $10.2m, down from $28.9m in th
Read moreFTSE 250 movers: Mining and oil stocks in the red
27th Jul 2015 18:30
(ShareCast News) - Lonmin led the miners lower on the FTSE 250 after a downgrade from HSBC hurt the platinum producer's shares. HSBC downgraded the stock to 'hold' from 'buy' and slashed its price target to 82p from 222p. The bank said medium-term earnings and EBITDA estimates are substantially lowe
Read moreLondon close: Losses in commodities keep a lid on Footsie
20th Jul 2015 18:15
(ShareCast News) - Softness in commodity markets kept a lid on equities in London, with some traders pointing out there was still margin for further downside moves in the likes of oil and gold, as investors monitored events in Greece. In the afternoon the International Monetary Fund said Greece has
Read moreFTSE 250 movers: Aveva rockets on Schneider takeover, oil stocks lower
20th Jul 2015 14:05
(ShareCast News) - Mid-caps inched higher on Monday as a raft of positive broker sentiment offset tumbling oil and metal prices. As of 14:30 BST, the FTSE 250 was trading 0.32% higher at 17,814. Shares in Aveva were up by more than a quarter after engineering design firm Schneider Electric said it
Read moreLondon midday: Commodities weigh on equity gains, further gold and oil downside eyed
20th Jul 2015 12:57
(ShareCast News) - Softness in commodities markets were limiting gains on equities come midday in London, with some traders pointing out there was still margin for further downside moves in the likes of oil or gold, as investors monitored events in Greece. That followed a wave of selling in gold dur
Read moreLondon open: Global banks lead early gains, Aveva rockets
20th Jul 2015 09:53
(ShareCast News) - Risk appetite in markets was muted but positive in early trading as traders' eyes turned again towards Greece given the dearth of economic data due out on Monday. Greek banks reopened their doors and limits on cash withdrawals were relaxed slightly as the country prepared to pay b
Read moreTullow Oil drops as Jubilee Field gas exports suspended
20th Jul 2015 08:37
(ShareCast News) - Tullow Oil was under pressure after saying gas exports from the Jubilee Field to the Ghana Gas plant at Atuabo have been suspended since 3 July due to technical issues and are expected to resume mid-August. Oil production is currently constrained to approximately 65,000 barrels of
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