Broker tips: Tullow Oil, Sky, ARM Holdings
11th Feb 2015 11:43
Tullow's dividend suspension may have caught some investors by surprise on Wednesday, though analysts at Barclays hailed the decision, keeping an 'overweight' position on the oil group. The bank said the move to suspend the decision was "pragmatic" given the company's current capital commitments, wh
Read moreBarclays hails Tullow Oil's dividend suspension as "pragmatic"
11th Feb 2015 09:48
Tullow's dividend suspension may have caught some investors by surprise on Wednesday, though analysts at Barclays hailed the decision, keeping an 'overweight' position on the oil group. The company recorded a pre-tax loss of $2.05bn last year, compared with a profit of $313m in 2013, after taking im
Read moreLondon open: Markets subdued as investors await Greek developments
11th Feb 2015 08:25
UK stock markets opened slightly lower on Wednesday, falling for the fourth straight day as investors awaited news flow from Greece. London's FTSE 100 was down 0.15% at 6,819 early on. All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varouf
Read moreLondon pre-open: Stocks to edge higher ahead of Greek meeting
11th Feb 2015 07:53
UK stocks are expected to open slightly higher on Wednesday after three straight days of losses, though upside will likely be limited as investors await news flow on Greece. City sources predict the FTSE 100 will open eight points higher than Tuesday's close of 6,829.12. All eyes will be on the eme
Read moreTullow suspends divi and cuts costs in response to oil crisis
11th Feb 2015 07:28
Challenging conditions across the oil industry have pushed Tullow Oil to suspend its final dividend for 2014, as the exploration and production company swung to a loss of over $2bn on the back of hefty impairment charges and exploration write-offs. With no final dividend payment being made, sharehol
Read moreLondon close: Stocks trim losses on Greek hopes, Chinese stimulus
4th Feb 2015 17:09
A late rally helped the FTSE 100 to erase most of its losses on Wednesday as optimism surrounding Greece and stimulus measures in China lifted sentiment, though stocks still finished in the red after hitting a five-month high the previous day. London's Footsie ended the session down 0.2% at 6,860.02
Read moreLondon midday: Stocks fall, but losses pared after PBoC move
4th Feb 2015 12:08
Stocks declined on Wednesday as London's FTSE 100 retreated from a five-month high, though losses were trimmed slightly after China took measures to stimulate its economy. The People's Bank of China trimmed the banks' reserve requirement ratio by 50 basis points to 19.5%, the first such cut since Ma
Read moreLondon open: Stocks retreat from five-month high, Hargreaves Lansdown falls
4th Feb 2015 09:03
London's blue-chip stocks pulled back from a five-month high on Wednesday morning as investors watched developments in Greece and service-sector data from across the globe. The FTSE 100 was down 0.2% at 6,857 early on, as strong gains from Sky and a host of pharmaceutical stocks were outweighed by f
Read moreLondon close: Stocks finish choppy session higher as oil stocks gain, CRH jumps
2nd Feb 2015 17:19
A late rebound ensured that UK stocks finished firmly in positive territory on Monday, though trading was choppy as investors digested mixed manufacturing data from across the globe and a rebound in oil prices. After swinging between gains and losses for most of the session, London's FTSE 100 closed
Read moreSector movers: Energy stocks jump as crude steadies after recent surge
2nd Feb 2015 14:50
The biggest strike by US refinery employees in three decades and speculation about a slowdown in drilling Stateside helped keep crude prices steady on Monday, pushing energy stocks and oil services shares to the top of the pile in London. The industrial action, coordinated by the United Steelworkers
Read moreFTSE 100 movers: CRH surges on Holcim and Lafarge deal, Easyjet and IAG hit by rising oil prices
2nd Feb 2015 14:07
Irish building materials group CRH rose nearly 6% after confirming it will spend €6.5bn on assets from Holcim and Lafarge as the two European cement makers dispose of operations to win approval for their merger. CRH said it expected the deal to make it the "global number-three building materials pla
Read moreLondon midday: Stocks trim gains, but CRH and Tullow surge
2nd Feb 2015 12:06
CRH and energy stocks pushed the FTSE 100 higher by Monday lunchtime, though gains were pared as investors digested data and watched developments in Greece. London's benchmark index was up 0.3% at 6,771 by midday, having pulled back after hitting a high of 6,795.52 early on. CRH was on the rise aft
Read moreSector movers: Shell dampens energy stocks, gold miners track bullion lower
29th Jan 2015 16:01
Worse-than-expected results from one of the biggest oil companies in the world hit stocks in the energy sector on Thursday. Royal Dutch Shell delivered a 12% year-on-year increase in adjusted profits in the fourth quarter to $3.3bn, well below the consensus forecast of $4.2bn. The company also anno
Read moreFTSE 100 movers: CRH and Reckitt rise, while commodity stocks feel the pinch
23rd Jan 2015 13:15
Irish cement maker CRH jumped on Friday after news emerged it was leading the race to buy assets from rivals Holcim and Lafarge. Both firms are offloading businesses to ensure their proposed merger is approved and CRH has reportedly bid as much as €6bn for the assets. The firm confirmed it is in dis
Read moreTullow Oil delivers positive update on drilling onshore Kenya
22nd Jan 2015 08:00
Tullow Oil has delivered a mostly positive update on its drilling activities onshore Kenya, with testing on a number of wells showing the presence of hydrocarbons. Drilling on the Ngamia-5, Ngamia-6 and Amosing-3 appraisal wells all encountered net oil pay and the sites have been suspended for furth
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