FTSE 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
Read moreTullow 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,
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