Tullow Oil drops as Investec reviews UK oil & gas stocks
15th Jul 2015 11:33
(ShareCast News) - Investec downgraded four UK oil and gas stocks and upgraded one as it took a look at the sector. Investec downgraded Tullow Oil to 'sell' from 'hold' and slashed its price target to 170p from 385p. Put simply, it said you'd have to believe in significantly higher oil prices or M&A
Read moreFTSE 250 movers: Falling mining and oil stocks outweigh rising housebuilders
6th Jul 2015 16:09
London's second-tier index was registering losses on Monday in the aftermath of the Greek referendum, with decent gains in the housebuilding sector offset by falls from mining and oil stocks. Diversified mining group Vedanta Resources was a heavy faller on the FTSE 250, dropping over 7%, as an avers
Read moreFTSE 250 movers: Auto Trader Group surges on broker intitiation, energy stocks lower
3rd Jul 2015 13:35
Mid-caps edged lower on Friday, with weakness in the oil, mining and telecommunications sectors providing a drag on the market. As of 15:15 BST, the FTSE 250 was trading 0.4% lower at 17,595. Auto Trader Group led the risers as Exane BNP Paribas initiated coverage with an 'outperform' rating, citing
Read moreSector movers: Telcos, natural resources stocks lead London market lower
3rd Jul 2015 10:46
Telecommunications and natural resources stocks led the London market lower on Friday, ahead of the Greek bailout referendum on Sunday. The blue chip FTSE 100 closed down 0.67% or 44.69 points at 6585.78 as the sell-off in mining stocks continued with base metals prices sliding yet again after a bri
Read moreLondon close: Stocks rebound as investors digest Greek rumours
1st Jul 2015 16:19
UK stocks bounced strongly on Wednesday after hitting a new five-month low the previous day as investors continued to digest the latest news flow from Greece, after Athens became the first developed economy to default on a debt repayment to the IMF. The FTSE 100, which settled at its lowest since 12
Read moreFTSE 250 movers: Serco gains as profit beats expectations, Premier Oil slips on weak oil prices
1st Jul 2015 13:06
Mid-caps gained on Wednesday, championed by strong performances in the construction, telecommunications and property sectors. As of 15:00 BST, the FTSE 250 was trading 1.2% higher at 17,740. Outsourcer Serco topped the risers, after first-half profits came in better than expected, although manageme
Read moreLondon midday: Stocks surge on Greek deal hopes, but uncertainties remain
1st Jul 2015 12:07
Decent gains in the banking and travel sectors gave UK stocks a boost on Wednesday as sentiment was buoyed by hopes of a possible bailout deal in Greece. According to reports, Greek Prime Minister Alexis Tsipras will accept all his creditors' bailout conditions that were on the table last weekend, w
Read moreLondon open: FTSE rebounds after sell-off as Greece defaults
1st Jul 2015 08:25
UK stock markets advanced on Wednesday morning, bouncing back after a Greece-inspired sell-off pushed the FTSE 100 to a new five-month low the previous session. As expected, Greece defaulted on its €1.6bn repayment to the IMF on Tuesday night, with the institution officially declaring that Athens wa
Read moreTullow Oil nudges guidance higher as business 're-set' with lower costs
1st Jul 2015 07:48
Tullow Oil has taken action to "re-set" the business for the new oil price environment and slightly increased its guidance for full-year production after enjoying strong West Africa oil production in the first half. Tullow, which remains rumoured to be a potential takeover target for BP, said its We
Read moreTullow Oil Zumba exploration well in Norway to be plugged
23rd Jun 2015 07:39
Oil & gas exploration group Tullow Oil said late on Monday that it did not encounter any hydrocarbons in the Zumba exploration well in the Norwegian Sea, which will now be plugged and abandoned. The primary objective of the well was to prove hydrocarbons in the Upper Jurassic Rogn Formation with a s
Read moreFTSE 250 movers: Spire lifted by Remgro stake purchase, WS Atkins hit by downgrade
22nd Jun 2015 13:31
Mid-caps staged a recovery on Monday, as insurance, financial services and travel stocks put in a strong performance and investors kept their fingers crossed for a short term funding deal in Greece. As of 3:00 BST, the FTSE 250 was trading 1% higher at 17,883. Hospital operator Spire Healthcare jum
Read moreLondon midday: M&A propels stocks as Greek hopes rise ahead of EU summit
22nd Jun 2015 11:31
Rising hopes over a short-term funding deal for Greece lifted UK stock markets on Monday, with M&A activity providing a further fillip to shares. The FTSE 100 was trading up 1.18% at 6,789.43 by midday, with blue chips Sky and Severn Trent rising strongly on speculation the companies could be bid ta
Read moreTullow Oil tax settlement price better than expected, says JPMorgan Cazenove
22nd Jun 2015 10:21
JPMorgan Cazenove said that Tullow Oil's settlement of a tax dispute with the government of Uganda and Ugandan Revenue Authority clears another obstacle in the path of developing East Africa's substantial oil resources. It said that Uganda's decision to settle may imply that there is tangible progre
Read moreLondon open: UK stocks surge as Greek hopes rise, Sky jumps
22nd Jun 2015 08:30
UK stocks surged on Monday morning as investors breathed a sigh of relief on the back of rising hopes that Greece is set to secure a short-term deal with creditors. The FTSE 100 was trading up 1.36% at 6,801.41 early on. According to reports, Greece's lenders are working on a deal to extend the cou
Read moreLondon pre-open: Optimism builds ahead of crucial EU summit on Greece
22nd Jun 2015 07:43
UK stocks are expected to edge higher on Monday on a pivotal day for Greece as optimism builds that leaders can scrape together a deal to stop Athens from defaulting on its debts and leaving the euro. City sources predict the FTSE 100 will open 18 points higher than Friday's close of 6,710.45. "Eur
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