Tullow Oil increases loan facility for exploration in Norway
13th Jun 2014 07:08
Oil explorer Tullow said on Friday that it has increased the size of its loan facility for exploration in Norway. It has refinanced its NOK2bn ($330m) facility ahead of its expiration at the end of 2014 and increased the size of the loan to NOK3bn ($500m), extending the availability to the end of 2
Read moreMorgan Stanley screens say sell CRH, JD Wetherspoon and many others
10th Jun 2014 15:41
Morgan Stanley has put out a note compiling a list of stocks that its stock screens suggested were worthy of selling, including building materials group CRH and pub operator JD Wetherspoon. The note, entitled 'Stock screens suggest selling small caps', contains the latest in the broker's regular s
Read moreLondon midday: IHG, Lloyds lead markets high post European elections
27th May 2014 11:36
- FTSE 100 catches up after long weekend - Euroscepticism tempered by elections results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,788.40 +1.10% FTSE 100 6,849.22 +0.49% FTSE 250 15,836.22 +0.83% UK stocks po
Read moreLondon open: UK stocks rise after European elections, IHG jumps
27th May 2014 08:29
- Eurosceptism tempered by strong election results in Italy, Greece - FTSE 100 tracks gains made in Europe on Monday - IHG rises strongly on takeover rumours - Lloyds to float TSB - Pfizer walks away from AstraZeneca techMARK 2,779.89 +0.79% FTSE 100 6,830.41 +0.22% FTSE 250 15,824.59 +0.75% UK st
Read moreLondon pre-open: FTSE to play catch up after strong gains in Europe
27th May 2014 07:31
The UK stock market is expected to open strongly on Tuesday morning as traders return to their desks in a bullish mood following an impressive performance on European bourses the day before. City sources predict the FTSE 100 will open around 24 points higher than Friday's close of 6,815.75. While
Read moreTullow well fails to meet targets offshore Norway
27th May 2014 07:22
Tullow Oil announced on Tuesday that drilling of one of its majority-owned wells offshore Norway failed to meet targets. Exploration well 31/2-21S on licence 550, which was targeting the Gotama prospect, did not encounter reservoir quality sandstones in the main Upper Jurassic target. The well enc
Read moreLondon midday: FTSE continues to decline, Intertek drags lower
23rd May 2014 11:40
- FTSE down 16.44 points to 6,804.12 - Intertek hit by Numis comments - Elections in focus ahead of Bank Holiday weekend techMARK 2,747.39 +0.12% FTSE 100 6,799.91 -0.30% FTSE 250 15,677.95 +0.02% The FTSE was still down by midday, dragged lower by Intertek ahead of the long weekend which will see
Read moreLondon open: FTSE falls, Smiths and Tullow drag, elections in focus
23rd May 2014 08:55
- Smiths and Tullow disappoint - FTSE opens 16 points lower - Ukraine, European elections in focus techMARK 2,741.75 -0.09% FTSE 100 6,801.45 -0.28% FTSE 250 15,657.08 -0.11% The FTSE opened lower this morning, falling around 16 points in the first hour of trade, weighed by disappointing announcem
Read moreTullow Oil's Shimela-1 well a no-go
23rd May 2014 07:05
Tullow Oil said the Shimela-1 well, onshore Ethiopia, has encountered water bearing reservoirs and only traces of thermogenic gas shows were recorded after drilling to a final depth of 1,940 metres. The rig will now be moved to drill the Gardim-1 wildcat exploration well in a completely separate s
Read moreFTSE 100 movers: Vodafone slides after results
20th May 2014 15:13
Vodafone was a notable faller today after it said earnings came in just shy of consensus forecasts in the year to end-March, though the mobile operator confirmed its expected final dividend of 7.47p per share. Group revenue sank 1.9% in line with the consensus to £43.6bn, with organic service reven
Read moreBroker tips: Greencore, AstraZeneca, Tullow Oil
20th May 2014 11:57
Greencore, the manufacturer of convenience foods, delivered a 'good' first half result, with a strong 26 per cent increase in like-for-like sales at its Convenience Foods unit in the US, and there is increasing visibility on growth next year, Investec analyst Nicola Millard told analysts in a resear
Read moreCredit Suisse lowers price target on Tullow Oil
20th May 2014 10:22
In a research note issued on Tuesday analysts at Credit Suisse lowered their price target on shares of oil exploration group Tullow Oil despite the lower-risk drilling plan on which the company is embarking on this year and next. Amongst the factors which motivated its decision are the recent appre
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreFriday broker round-up UPDATE
16th May 2014 08:23
Ashcourt Rowan: N+1 Singer initiates with a target price of 231p and a buy recommendation. Bioquell: N+1 Singer cuts target price from 157p to 112p and downgrades to hold. Boohoo.com: Jefferies initiates with a target price of 68p and a buy recommendation. Capital & Regional: Numis upgrades from
Read moreLondon midday: Markets post small gains amid earnings, ECB speculation
15th May 2014 11:43
- ECB speculation picks up after weak GDP - LSE jumps after strong annual results - Aviva, Old Mutual disappoint with earnings - Thomas Cook leads travel sector lower techMARK 2,781.23 -0.42% FTSE 100 6,889.08 +0.15% FTSE 250 15,857.35 -0.73% UK stocks were fluctuating at 14-year highs on Thursday
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