Tullow Oil settles capital gains tax dispute in Uganda for $250m
22nd Jun 2015 07:12
Tullow Oil said on Monday that it had settled its capital gains tax dispute with the government of Uganda and the Uganda Revenue Authority(URA) with regard to its farm-downs to CNOOC and Total in 2012. The company has agreed to pay $250m in full and final settlement of its capital gains tax liabilit
Read moreFTSE 250 movers: FirstGroup surges on higher profits, oil stocks higher
10th Jun 2015 13:26
Mid-caps inched higher on Wednesday, led by gains across mining, oil and transport stocks. As of 15:30 BST, the FTSE 250 was trading 0.7% higher at 17,966. Transport operator FirstGroup saw annual profits rise in 2014, as its improvement plan delivered higher margins in its US and UK bus divisions.
Read moreBroker tips: Tullow Oil, Johnson Matthey, Kingfisher
4th Jun 2015 17:31
Cantor Fitzgerald initiated coverage of Tullow Oil at 'sell' with a 342p price target. The brokerage acknowledged that Tullow's share price has seen a considerable decline over the last 12 months, but anticipates that there is more near-term pain to come for shareholders. It said that an over-relia
Read moreTullow Oil initiated at 'sell' by Cantor Fitzgerald
4th Jun 2015 14:12
Cantor Fitzgerald initiated coverage of Tullow Oil at 'sell' with a 342p price target. The brokerage acknowledged that Tullow's share price has seen a considerable decline over the last 12 months, but anticipates that there is more near-term pain to come for shareholders. It said that an over-relia
Read moreThursday broker round-up
4th Jun 2015 08:44
BHP Billiton: Credit Suisse reiterates underperform recommendation and 1,350p target. Henderson Group: Credit Suisse stays at underperform. Anite: Panmure Gordon keeps at buy. Kingfisher: Bank of America-Merrill Lynch upgrades to neutral from underperform. Tullow Oil: Cantor Fitzgerald initiates
Read moreCairn Energy jumps 5% after Jefferies upgrade
2nd Jun 2015 09:03
Shares in Cairn Energy jumped 5% on Tuesday after Jefferies upgraded the stock to 'buy' from 'hold' and raised the target price to 222p from 175p, as it took a look at the European exploration and production sector. Jefferies said the upgrade was based on Cairn's "play-opening success offshore Seneg
Read moreSector movers: London market retreats as mining, oil stocks plummet
26th May 2015 13:25
London market slipped back from last week's high as it commenced trading on Tuesday, following a bank holiday weekend, with Greece weighing heavily on investor sentiment. At 16:17 BST, the FTSE 100 was back below the 7,000 mark at 6950.20, down 1.16% or 81.52 points, as natural resources stocks, chi
Read moreFTSE 250 movers: Micro Focus surges on revenue guidance, oil stocks lower
26th May 2015 13:19
London markets were registering losses on Tuesday as weakness in industrial metals and pharmaceuticals outweighed solid performances from engineering and transport stocks. As of 15:30 BST, the FTSE 250 was trading 46.7 points lower at 18,146 points Software group Micro Focus gained after reiteratin
Read moreSector Movers: Oil, retail stocks plus chatter on Vodafone inches London market higher
21st May 2015 15:58
Oil and gas, petrochemicals and retail stocks drove the FTSE 100 higher on Thursday as chatter about Vodafone's rumoured tie-up with Liberty Global went into overdrive. At the close of trading, the blue chip index came in at 7,013.47 points up 0.09% as Vodafone shares continued to advance on specula
Read moreFTSE 250 movers: Aveva surges on acquisition rumours, Inmarsat hit by delays
18th May 2015 12:35
UK stocks erased early gains as Greek concerns and a lack of economic data stoked investor uncertainty. Sector-wise, retailers and insurers delivered the biggest drag, while energy, mining and tech stocks provided a welcome boost. As of 2:00, the FTSE 250 was trading flat, just 9 points lower at 18,
Read moreFTSE 250 movers: bwin rockets on m&a proposals, miners and oil stocks plunge
15th May 2015 12:30
The FTSE 250 closed higher on Friday, boosted by a calmer bond market and favourable British construction data, which offset weaker commodities market. Sector-wise, base metals and oil provided the biggest drag, while retail and real estate offered a welcomed boost. The index closed 85.65 points hig
Read moreSector movers: Natural resources stocks weigh
15th May 2015 11:43
London-listed natural resources related stocks took another knock on Friday, as the Chinese economy continued to send mixed signals, Greece weighed on sentiment, and oversupply in the oil markets returned to hound trading. At 15:00 BST, the FTSE 100 was marginally in the red by 0.27% or 18.53 points
Read moreFTSE 250 movers: Telecity jumps 20% on £2.3bn Equinix offer
7th May 2015 15:26
Despite posting some slightly disappointing first-quarter results, datacentres group Telecity was leading the risers on the FTSE 250 after receiving a takeover offer from Equinix at 1,145p per share in cash and equity. This bid, at a 27% premium to the closing price on Wednesday, values Telecity at
Read moreTuesday broker round-up
5th May 2015 14:59
Lloyds: Exane, UBS and Jefferies reiterated their buy recommendation, with the latter bumping up its price target to 201p from 88p. BT Group: Credit Suisse reiterates outperform and Barclays its overweight stance, with price targets of 495p and 600p, respectively. Aviva: Barclays ups target to 632p
Read moreSector movers: Oil, mining stocks up but UK political uncertainty weighs on FTSE 100
5th May 2015 13:34
Natural resources oriented stocks, including oil, mining and minerals companies, largely traded in positive territory on Tuesday but election jitters weighed on much of the FTSE 100 following the May bank holiday weekend. At 16:03 BST, the blue chip index was down 25.27 points or 0.36% at 6960.68 fe
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