Broker 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
Read moreLondon open: LSE leads stocks higher as FTSE 100 extends gains
15th May 2014 08:40
- LSE leads financial stocks higher - Dixons and Carphone announce 3.8bn-pound merger - Data-heavy session ahead - Japanese GDP surges in first quarter techMARK 2,794.14 +0.04% FTSE 100 6,886.04 +0.11% FTSE 250 15,984.75 +0.06% Strong gains from London Stock Exchange (LSE) and a merger between Dix
Read moreTullow Oil upbeat about prospects after positive Kenyan drilling
15th May 2014 07:33
UK-listed Tullow Oil and Canadian partner Africa Oil have reported a positive update on drilling at their joint-owned Blocks 10BB and 13T in northern Kenya. After initial drilling at the Twiga-2 well encountered 18 metres of net oil pay at "limited reservoir quality", operator Tullow decided to sid
Read moreSector movers: Basic resource stocks rise after strong US jobs report
2nd May 2014 15:26
Basic resource stocks, such as those in the mining, oil and gas sectors, rose on Friday, with sentiment boosted by a much better-than-expected US employment report, as an improved outlook for the world's largest economy increased hopes over demand. The Bureau of Labor Statistics reported that the U
Read moreSector movers: Oil stocks rise as Shell, Tullow and Heritage gain
30th Apr 2014 15:19
Upbeat first-quarter results from heavyweights Shell and Tullow gave the UK oil and gas sector a shot in the arm on Tuesday, along with a takeover offer for Heritage Oil. First-quarter earnings were down 3% at Royal Dutch Shell, but well ahead of consensus estimates. Excluding large impairments o
Read moreFTSE 100 movers: Barratt Developments in top spot, Shell close behind
30th Apr 2014 14:40
Housebuilder Barratt Developments clawed back yesterday's losses, claiming its place in the top spot. Oil major Royal Dutch Shell rose strongly as first-quarter underlying earnings fell by 3% but beat expectations. Bottom-line earnings, however, were hit by £2.9bn of impairments in its Downstream
Read moreBroker tips: Next, Tullow, British American Tobacco...
30th Apr 2014 13:27
Shares in Next are up with events, according to Investec, despite a better-than-expected first-quarter update and raised guidance from the high street retail group on Wednesday. "We view Next as a core holding, but with the shares trading on a sector average price-to-earnings rating, we believe the
Read moreLondon midday: Stocks rise but markets cautious ahead of Fed decision
30th Apr 2014 11:53
- Markets cautious ahead of FOMC outcome - Eurozone inflation picks up but misses consensus - Heritage Oil jumps on takeover offer - Shell and Tullow lead markets higher techMARK 2,775.59 -0.56% FTSE 100 6,776.83 +0.10% FTSE 250 15,813.39 -0.52% UK stocks were trading slightly higher on Wednesday
Read morePrime Wealth sees 'turning point' for Tullow shares
30th Apr 2014 11:27
Prime Wealth Group has labelled Tullow Oil as a 'buy', saying that Wednesday's production update and asset sales mark a 'turning point' for the shares. Tullow announced an agreement to sell stakes in two North sea oil fields, farming down 53.1% of its Schooner unit interest and 60% of its Ketch ass
Read moreLondon open: Stocks pause at eight-week high ahead of FOMC
30th Apr 2014 09:20
- Stocks pause at highest since March 6th - FOMC meeting, economic data in focus today - Heritage Oil receives takeover offer - Shell, Tullow and Next rise after updates techMARK 2,781.52 -0.35% FTSE 100 6,774.00 +0.06% FTSE 250 15,872.51 -0.15% UK stocks opened broadly flat on Wednesday morning a
Read moreTullow to sell stake in Schooner and Ketch assets to Faroe Petroleum
30th Apr 2014 08:16
Tullow Oil on Wednesday announced an agreement to sell stakes in two North sea oil fields. Tullow has agreed to farm down 53.1% of its Schooner unit interest and 60% of its Ketch asset in the UK southern North Sea gas basin to Faroe Petroleum. The sales are being made for a total consideration of
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