FTSE 100 movers: Tullow Oil and travel stocks lead downside
10th Oct 2014 15:45
Oil and gas group Tullow Oil was firmly in the red after the company said that the Sputnik-1 well on its part-owned Arouwe block offshore Gabon has found "non-commercial" hydrocarbons. Travel and leisure peers TUI Travel, Carnival and IAG were all registering losses as concerns about the Ebola crisi
Read moreLondon midday: UK stocks on track for lowest close in over a year
10th Oct 2014 11:38
UK stocks dropped sharply on Friday as fears about the global economy and the Ebola crisis continued to weigh heavily on market sentiment. After closing at its lowest level of the year on Thursday, the FTSE 100 was down a further 1.4% at 6,345 by Friday lunchtime as travel, leisure and mining stocks
Read moreLondon open: Sell-off continues as UK stocks fall
10th Oct 2014 08:20
The selling pressure continued on Friday morning as UK stocks opened at their lowest levels over the year, with ongoing concerns about the global economy sparking further volatility across equity markets. The post-Federal Reserve minutes bounce proved short-lived on Thursday, as early gains were qui
Read moreLondon pre-open: FTSE set to tumble at opening bell
10th Oct 2014 07:40
London-listed stocks are set for a sharp slide on Friday morning, with City sources predicting the FTSE 100 will open around 75 points lower than yesterday's close of 6,431.85. The decline comes after US markets tumbled the previous evening, as companies began reporting quarterly earnings and invest
Read moreTullow upbeat despite non-commercial find offshore Gabon
10th Oct 2014 07:06
Oil and gas group Tullow Oil has reported that the Sputnik-1 well on its part-owned Arouwe block offshore Gabon has found "non-commercial" hydrocarbons. Tullow's partner and operator of the block Perenco said that while the Vantage Tungsten Explorer rig will now leave the block, the "results of this
Read moreSector movers: Basic resource shares slide on dollar strength
6th Oct 2014 13:53
Oil and basic resource stocks bore the brunt of selling on Thursday, as markets continued to react to the better-than-expected economic data trickling in from the States with the concomitant robustness in the US dollar which that entails. US durable goods orders declined 18.2% in August following a
Read moreSector movers: Airlines surge, but stronger dollar knocks commodity stocks lower
4th Oct 2014 17:55
The outlook for the world's major economies may be diverging, but at least on Friday the price action at the sector level was very similar, over on Wall Street, across the Channel and in the UK. The upside was led by travel-related stocks on the top flight index, while mining, precious metals or bas
Read moreBroker tips: Tullow Oil, Icap
3rd Oct 2014 17:55
On Friday analysts at Credit Suisse lowered their price target on shares of oil explorer Tullow Oil to 800p from 885p beforehand. That came on the heels of their recent reduced forecasts for the price of oil, although the impact of that was expected to be partially offset by a moderately lower pound
Read moreCredit Suisse cuts target price for Tullow Oil
3rd Oct 2014 17:48
On Friday analysts at Credit Suisse lowered their price target on shares of oil explorer Tullow Oil to 800p from 885p beforehand. That came on the heels of their recent reduced forecasts for the price of oil, although the impact of that was expected to be partially offset by a moderately lower poun
Read moreLondon close: FTSE 100 declines as mining stocks fall on dollar advance
25th Sep 2014 17:14
teerngasLondon's top shares tumbled on Thursday as the rising dollar took its toll on mining and energy stocks. The FTSE 100 Index closed 66.56p points adrift at 6639.71 as the greenback bounced on speculation of monetary stimulus from the European Central Bank (ECB) and US interest rate hikes. Spe
Read moreFTSE 100 movers: Tesco slides after revising H1 guidance
22nd Sep 2014 14:48
The downside was led by supermarket giant Tesco after the group downwardly revised its profit forecast for the six months ended 23 August, saying it had previously overestimated it by £250m. The food retailer cited "accelerated recognition of commercial income" and "delayed accrual of costs" as the
Read moreFTSE 100 movers: SABMiller jumps on takeover speculation
15th Sep 2014 16:11
SABMiller jumped on the back of speculation that fellow drinks giant Anheuser-Busch Inbev was lining up financing for a possible £75bn bid. At current prices, SABMiller is valued at around £61.5bn. The rumours come after Dutch brewer Heineken turned down an approach from SABMiller. The Heineken fami
Read moreLondon midday: M&A ramps up but weak Chinese data weighs on FTSE
15th Sep 2014 11:47
The UK stock market was poised to finish at their lowest level in more than three weeks on Monday despite a wave of M&A activity, as weak economic data from China dampened sentiment. Nervousness ahead of Wednesday's Federal Reserve policy meeting and a vote on Scottish independence were also limitin
Read moreSector movers: Oil stocks down with Brent at 16-month low
9th Sep 2014 14:14
Oil and gas producers were among the heaviest fallers in London on Tuesday after Brent crude dropped to below $100 a barrel the previous session. Royal Dutch Shell was providing a drag on the sector, down 1.6%, while BP lost 0.7% and Tullow fell 0.4% Whilst slightly off the low of $99.36 seen on Mo
Read moreFTSE 100 movers: BP recovers after yesterday's slump
5th Sep 2014 15:31
BP regained some of Thursday's heavy losses which came after it was found negligent in the 2010 Gulf of Mexico disaster. Oil and gas group Tullow Oil rose slightly on the news that is to sell its interests in two blocks offshore Netherlands for €62.7m (£50m) as it continues to shed off its gas asset
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