Canaccord 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
Read moreBroker tips: Next, Burberry, Bunzl, Tullow, Vesuvius
15th Apr 2015 11:24
UK high street retailer Next raced up the FTSE 100 index on Wednesday after JPMorgan lifted its rating on the company to 'overweight' from 'neutral'. While JPMorgan favours Marks & Spencer stock on three-to-six month view for its ongoing turnaround potential, the US investment bank sees scope for Ne
Read moreTullow Oil shares rally after Goldman Sachs boosts stock to 'buy'
15th Apr 2015 08:06
Shares in oil and gas exploration company Tullow Oil rose 2.3% early Wednesday after the stock had its rating promoted to 'buy' from 'neutral' by US investment banking titan Goldman Sachs who called it a "source of opportunity." "We believe the stock offers exposure to a strategic asset base, given
Read moreLondon close: Stocks inch higher as miners gain, but upside limited
14th Apr 2015 16:29
Gains from mining stocks kept the FTSE 100 afloat on Tuesday, though investors were showing caution with markets near record highs amid uncertainty in Greece and macro concerns. After swinging between positive and negative territory throughout the day, the Footsie finished the session just 10.96 poi
Read moreFTSE 250 movers: Tullow Oil surges on upgrade, Poundland higher on strong annual sales
14th Apr 2015 14:05
Tullow Oil's topped the risers after Citigroup raised its rating on the stock from 'neutral' to 'buy', saying that the oil group's portfolio quality was "undervalued" by the market. Poundland was making gains after a trading update showed the discount retailer had topped a billion pounds of annual s
Read moreBroker tips HSBC, Shell, BP, Morrisons, Tullow, Aberdeen
14th Apr 2015 11:34
Investec has recommended investors to 'sell' shares of global banking giant HSBC, downgrading the stock from 'hold' after a "very disappointing" set of annual results last month. In spite of the weak results, which were some 33% below consensus, HSBC's UK shares have rebounded 10% over the past mont
Read moreTullow Oil shares boosted by Citigroup upgrade to 'buy'
14th Apr 2015 09:03
Tullow Oil's share price surged on Tuesday after Citigroup raised its rating on the stock from 'neutral' to 'buy', saying that the oil group's portfolio quality is "undervalued" by the market. The bank highlighted the "quality and defensiveness" of Tullow's portfolio, and said concerns about its bal
Read moreLondon open: Stocks inch higher ahead of data, but Greek worries persist
14th Apr 2015 08:19
After an initial drop, London's Footsie bounced into positive territory on Tuesday morning, though gains were only modest as investors awaited key economic data and reacted to uncertainty in Greece. Reports that Athens is preparing for a debt default if it can't reach a deal with its creditors were
Read moreFTSE 250 movers: Oil stocks rise on M&A hopes, Go-Ahead upgraded
8th Apr 2015 15:34
A host of stocks in the oil sector were performing well on Wednesday after a £47bn takeover of BG Group by Shell sparked hopes it will trigger a new wave of industry consolidation. Larger players have held up well amid the oil crisis compared with their smaller peers and could now look to snap up st
Read moreSector Movers: M&A chatter perks up oil and gas, tech stocks
8th Apr 2015 13:21
M&A chatter dominated trading in London, with oil and gas shares rising on the back of blue chip Royal Dutch Shell's successful bid for smaller FTSE 100 rival BG Group. At 15:40 BST on Wednesday, the FTSE 100 was marginally down 7.35 points or 0.11% at 6954.42 as the market soaked in news of BG Grou
Read moreLondon midday: Stocks rise as BG Group takeover sparks M&A hopes
8th Apr 2015 11:54
London's FTSE 100 was fluctuating around the 7,000 level by Wednesday lunchtime as M&A activity gave sentiment a lift, with BG Group soaring as much as 40% after a takeover offer from Shell. Stocks across the oil and gas sector were rising strongly on speculation that Shell's move may spark a fresh
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