FTSE 250 movers: Miners and energy stocks rally; Wizz Air crashes
7th Oct 2015 13:46
(ShareCast News) - London's FTSE 250 index was down 0.2% at 17,101.89 just after 1400 BST, underperforming the broader market. Miners were firmly on the front foot as metals prices advanced and the sector got a boost from an upbeat note by Morgan Stanley. The bank upgraded its stance on the European
Read moreFTSE 250 movers: Kaz Minerals shoots higher as copper gains; Playtech slumps
5th Oct 2015 14:34
(ShareCast News) - London's mid-cap index was up 1.7% to 17,084.45 at 1450 BST, tracking broader gains in the market as last week's disappointing nonfarm payrolls report prompted investors to push back expectations of a Federal Reserve rate hike. Kaz Minerals shot higher as copper prices added 1% ei
Read moreLondon close: Stocks finish up after slate of factory PMIs
1st Oct 2015 16:23
(ShareCast News) - The FTSE ended on a positive note but off its best levels of the day as investors sifted through a batch of manufacturing data in the UK, China and the US. The top flight index edged higher by 10.86 points to finish the session at 6,072.47. Markit's purchasing managers' index on
Read moreFTSE 250 movers: Tullow Oil rockets, but BBA Aviation crashes on broker downgrade
1st Oct 2015 13:43
(ShareCast News) - London's FTSE 250 index was up 0.7% to 16,791.70 at 1525 BST on Thursday, as the broader market bounced back from recent losses and got a boost from better-than-expected UK manufacturing data. Shares in oil exploration and production company Tullow Oil rocketed after it said its l
Read moreLondon midday: Stocks climb as UK, China PMIs beat forecasts
1st Oct 2015 11:14
(ShareCast News) - London stocks climbed on Thursday after better-than-forecast UK and Chinese manufacturing data. Markit's purchasing managers' index on UK manufacturing fell to 51.5 in September from a revised reading of 51.6 in August, although it beat analysts' estimates of 51.3 and was above th
Read moreTullow Oil rockets as it says credit facilities remain unchanged
1st Oct 2015 07:35
(ShareCast News) - Shares in oil exploration and production company Tullow Oil surged after it said its lending banks have completed the routine six-monthly reserve-based lend redetermination process and available debt capacity remains unchanged at $3.7bn. Tullow said that as of the end of September
Read moreFTSE 250 movers: Tullow gains on broker upgrades; Euromoney drops on acquisition
29th Sep 2015 15:17
(ShareCast News) - London's FTSE 250 index was down 0.8% to 16,489.54 at 1528 BST, falling in line with the broader market as investors continued to fret about an economic slowdown in China. Oil exploration and production company Tullow Oil was the standout gainer, benefiting from two rating upgrade
Read moreFTSE 250 movers: Slump in commodities pulls mining stocks lower
28th Sep 2015 17:02
(ShareCast News) - The FTSE 250 dropped 1.11% at the close, with Kaz Minerals the biggest faller on the London index as commodity prices declined. Shares in Kaz Minerals plunged 26.35%, along with a batch of other miners in the sector as investors digested a drop in metal prices and weak Chinese ind
Read moreSector movers: Oil stocks lead falls
18th Sep 2015 16:28
(ShareCast News) - Oil stocks led to the downside on Friday after the US Federal Reserve's rate decision on the previous day fanned global growth fears. Traders reacted poorly to Fed chair Janet Yellen's admittedly difficult to deliver message regarding growth concerns for overseas markets, on the o
Read moreBroker tips: StanChart, BP, Tullow Oil
10th Sep 2015 16:24
(ShareCast News) - The largest UK banks face several further operational headwinds which the market may not be fully factoring in yet, analysts believe. Foremost among those is the 2018 implementation of the IFRS9 accounting standard regarding provisions, which will be half again as high as IAS39. T
Read moreFTSE 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
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