Tullow Oil shares gain after Liberum reiterates 'buy'
18th Nov 2014 12:47
Tullow Oil's share price was rising strongly on Tuesday, supported by a 'buy' call from Liberum,which downplayed the recent sell-off in the shares. Liberum has cut its target price for the stock from 888p to 720p in light of the recent slump in Brent crude to a four-year low of $86 a barrel, and aft
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreLondon midday: UK stocks pull back from six-week high despite upbeat Eurozone data
14th Nov 2014 11:28
Mining and oil shares were leading the UK stock market lower on Friday as commodity prices weakened, with the FTSE 100 pulling back after hitting its highest level in a month and a half. Nevertheless, losses were only modest in London, with sentiment supported by some reassuring growth figures from
Read moreLondon open: Resource stocks drag FTSE lower, but Eurozone data impresses
14th Nov 2014 08:28
UK stocks pulled back from their highest levels in a month and a half on Friday, though the downside was being limited by some rare positive economic data from the Eurozone. Figures released on Friday morning showed that both Germany and France returned to growth in the third quarter, reassuring the
Read moreThursday tips round-up: Capita, Tullow Oil
13th Nov 2014 20:01
The fall in shares of outsourcer Capita is an opportunity. While the company did report that its bid pipeline had fallen to £4.1bn from £5.7bn in July, that should already have been known by markets - although the retirement of its finance director is arguably a negative. The likely reason for the d
Read moreFTSE 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
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