FTSE 100 movers: London Stock Exchange climbs after strong first half
13th Nov 2014 16:01
London Stock Exchange was a strong riser after it revealed first-half growth across all its business areas as it moved ahead of schedule to complete the acquisition of US index compiler and asset manager Russell Investments. Peroni and Grolsch maker SABMiller moved higher despite missing analysts' f
Read moreBroker tips: Tullow Oil, Standard Life, Wolseley, Rexam
13th Nov 2014 15:12
Westhouse Securities has lifted its stance on oil explorer Tullow Oil from 'add' to 'buy', hailing the potential of the company's portfolio of assets. The broker said it now sees "substantial upside" to the stock, with shares now worth just over half of what they were six months ago. However, it has
Read moreSector movers: Oil stocks slide as Brent crude extends four-year lows
13th Nov 2014 15:03
A sharp drop in the price of Brent crude to below $80 a barrel sent oil stocks lower on Thursday, with oil prices now at their lowest levels in over four years. Tullow Oil was among the worst performers as a string of brokerages cut their target prices for the stock. 'Big Oil' group Royal Dutch She
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreWesthouse upgrades Tullow on 'substantial upside'
13th Nov 2014 10:18
Westhouse Securities has lifted its stance on oil explorer Tullow Oil from 'add' to 'buy', hailing the potential of the company's portfolio of assets. The broker said it now sees "substantial upside" to the stock, with shares now worth just over half of what they were six months ago. However, it ha
Read moreLondon close: UK stocks snap winning streak on banking fine, BoE outlook
12th Nov 2014 16:20
News of a big fine in the banking sector and gloomy comments from the Bank of England (BoE) weighed on UK equities on Wednesday, with London's stock market finishing lower for the first time in six sessions. A weak start on Wall Street was also pressuring stocks as the benchmark S&P 500 and Dow Jone
Read moreFTSE 100 movers: Tullow climbs on cost review
12th Nov 2014 15:20
Tullow Oil rose after saying it was reviewing its costs in light of low international oil prices. The group said its financial performance in the year-to-date, before exploration write-offs and impairment charges, was in line with expectations. G4S said its trading in the third quarter was in line w
Read moreBroker tips: J Sainsbury, Barclays, Tullow Oil, Playtech
12th Nov 2014 12:40
First-half results from grocer J Sainsbury were ahead of market forecasts, but analysts at Shore Capital decided to stay on the fence on the back of continued uncertainties facing companies in the sector. "Whilst we applaud Sainsbury's greater capital discipline, the focus on debt reduction and stre
Read moreLondon midday: Stocks retreat from six-week high on earnings, BoE outlook
12th Nov 2014 12:05
UK equities pulled back from a six-week high on Wednesday as a string of disappointing corporate earnings and a gloomier outlook by the Bank of England dampened sentiment. News of a massive fine in the banking sector also caused blue-chip lenders to fall sharply on London's stock market. The FTSE 1
Read moreAnalysts welcome 'sensible' move by Tullow to review costs
12th Nov 2014 10:41
The news that Tullow Oil is re-evaluating its spending in light of the recent slump in crude prices should be welcomed by the market, according to analysts. Tullow's shares were trading 1.9% higher at 491.2p by 10:43 on Wednesday after chief executive Aidan Heavey said the oil explorer was reviewing
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreLondon open: FTSE snaps five-day winning streak ahead of Inflation Report, banks fall
12th Nov 2014 08:33
UK stocks declined on Wednesday, snapping a five-day winning streak that sent the FTSE 100 to a six-week high, as investors digested a wave of corporate earnings and awaited the Bank of England's (BoE) Inflation Report. News of a massive fine across the UK banking sector was also dragging high stree
Read moreTullow Oil reviews costs amid low oil prices as it reports in-line trading
12th Nov 2014 07:50
Tullow Oil is reviewing its costs in light of low international oil prices, according to a trading update on Wednesday. The group said its financial performance in the year to date, before exploration write-offs and impairment charges, was in line with expectations. Average working interest product
Read moreFTSE 100 movers: Vodafone shares higher after upbeat interims
11th Nov 2014 15:04
Vodafone shares surged after the mobile telecoms group impressed with its interim results and outlook, with earnings guidance for the full year now guided towards the higher end of expectations. Strong consumer demand for data helped revenues rise 8.9% in the six months to 30 September to £20.8bn, m
Read moreSector movers: Oil and mining stocks track commodities lower, Brent drops
11th Nov 2014 13:59
A sell-off across the commodities market on Tuesday meant that the oil and mining sectors were the worst performers on London's stock market, as falling crude and metal prices prompted concerns about companies' bottom lines. Stocks such as Tullow Oil, BG Group, Afren, Premier Oil, Shell and BP were
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