FTSE 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
Read moreTullow to push ahead with cost cuts despite oil price rally
30th Apr 2015 08:56
Ahead of a meeting with shareholders Tullow Oil reaffirmed its full-year guidance for production, cost savings and capital expenditures, despite the recent rally in the price of oil. Production from West Africa and Europe rose to 74,800 barrels of oil equivalent per day (boepd), with the bulk of tha
Read moreFTSE 250 movers: Ophir Energy and Kier Group surge on acquisitions
28th Apr 2015 13:29
Oil and gas explorer Ophir Energy was making gains after reaching an agreement to acquire four production sharing contracts in Indonesia from Niko Resources. The group said the deals cover the West Papua IV, Aru, Kofiau and Halmahera-Kofiau deepwater sites in Indonesia, adding it was in the process
Read moreBroker tips: Tullow Oil, ITV, Imperial Tobacco
27th Apr 2015 18:06
Analysts at Canaccord Genuity reiterated their 'hold' rating on Tullow Oil stock, after a judge ruled its TEN development could continue. The brokerage described the ruling as "very good news" for the FTSE 250 group, as it is free to continue the development of its project, which is already 55% comp
Read moreFTSE 250 movers: Supergroup soars on RBC upgrade, Lonmin lower after Exane downgrade
27th Apr 2015 13:43
SuperGroup was trading higher as RBC Capital Markets raised its rating on the clothing chain. The broker, which hiked its recommendation to 'outperform' from 'sector perform', also increased its price target to 1,150p on high hopes for the newly appointed management team. Vedanta Resources was boost
Read moreLondon midday: Bounce in UK industrial data lifts stocks
27th Apr 2015 11:43
London equities returned to positive territory by midday as UK manufacturing data provided encouragement and earlier concerns about stalled Greek debt negotiations were assuaged by more positive rumours. German newspaper Bild suggested that Greece has revised its list of reforms and was ready to sus
Read moreCanaccord says tribunal ruling is 'very good news' for Tullow Oil
27th Apr 2015 11:30
Analysts at Canaccord Genuity reiterated their 'hold' rating on Tullow Oil stock, after a judge ruled its TEN development could continue. The brokerage described the ruling as "very good news" for the FTSE 250 group, as it is free to continue the development of its project, which is already 55% comp
Read moreTullow Oil climbs on favourable court ruling over Ghana operations
27th Apr 2015 08:48
Shares in Tullow Oil climbed as much as 9% on Monday morning, after a judge ruled its TEN development could continue. Over the weekend, the International Tribunal for the Law of the Sea rejected Ivory Coast's demand to stop work on a Tullow-operated field, located in disputed waters off the coast of
Read moreTuesday broker round-up
21st Apr 2015 13:18
Tullow Oil: Deutsche Bank reiterates hold and keeps target price at 370p. Tesco: Citi reiterates neutral and 235 target price. BHP Billiton: Barclays reiterates overweight and lifts target to 3,500p from 3,300p. Rio Tinto: Barclays downgrades to equalweight and lower target to 2,850p from 3,350p.
Read moreLondon close: Retailers, miners and oil stocks help FTSE set new record
15th Apr 2015 16:38
Strong gains in the retail sector and a solid performance from mining and oil stocks helped the FTSE 100 set a new record high on Wednesday, amid hopes for further stimulus in China and no surprises from a policy meeting in Europe. London's benchmark Footsie rose 21.51 points (+0.3%) to a new all-ti
Read moreFTSE 250 movers: Vesuvius plummets on downgrade, energy stocks higher
15th Apr 2015 13:08
Shares in metal flow engineering group Vesuvius dropped sharply after analysts at JPMorgan lowered their stance on the stock from 'overweight' to 'neutral', citing weak steel production in the US. The price target was lowered to 510p from 531p previously. JD Sports was trading higher after sprinting
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