Tullow Oil on track to meet full year guidance after good start to 2014
30th Apr 2014 07:47
FTSE 100 oil and gas giant Tullow on Wednesday confirmed that its full-year guidance remained at between 79,000 and 85,000 barrels of oil equivalent per day (boepd) following a good performance since the start of the year. Specifically, the Jubilee field in Ghana remained on track to deliver gross
Read moreSector movers: Oil stocks rise as BP impresses with update
29th Apr 2014 15:50
Oil and gas producers were flowing higher on Tuesday after a well-received first-quarter update from sector heavyweight BP. BP, the largest UK-listed stock in the sector with market capitalisation of £90bn, was trading at its highest level in two months after profits fell less than expected in the
Read moreLondon close: Ukraine developments ensure negative finish for FTSE
25th Apr 2014 16:59
- FTSE closes down 24.82 points at 6,678.18 - Ukraine developments weigh on sentiment - UK retail sales come in ahead of forecasts techMARK 2,747.90 -0.43% FTSE 100 6,685.69 -0.26% FTSE 250 15,888.21 -0.65% UK stocks ended the week in the red, as developments in Ukraine weighed on sentiment and ea
Read moreFTSE 100 movers: Pearson leads risers, while Tullow sits in last place
25th Apr 2014 14:13
Bernstein Research helped educational publisher Pearson higher after it said it is set to cash in on a shake-up of education services in the US, in spite of taking a hit from currency volatility. Bernstein says Pearson, which gets about 60% of its sales from the US, is likely to benefit from Common
Read moreLondon midday: Stocks fall as Ukraine crisis offsets UK retail sales
25th Apr 2014 11:44
- Ukraine tensions prompt profit taking - S&P downgrades Russia - UK retail sales beat forecasts - Pearson and William Hill gain after updates, Tullow falls techMARK 2,754.20 -0.20% FTSE 100 6,679.08 -0.36% FTSE 250 15,950.90 -0.26% UK stocks were trading with small losses on Friday, pulling back
Read moreLondon open: Stocks pull back from seven-week high on Ukraine crisis
25th Apr 2014 08:35
- Ukraine-Russia tensions continue to rise - William Hill, Pearson and WPP impress with updates - Tullow drops after abandoning well techMARK 2,746.73 -0.48% FTSE 100 6,682.14 -0.31% FTSE 250 15,946.28 -0.28% UK markets retreated from a seven-week high on Friday morning as rising tensions between
Read moreTullow Oil to abandon Tapendar-1 well after hydrocarbon no-show
25th Apr 2014 07:06
It was disappointing news from Tullow Oil on Friday morning, with the company revealing the Tapendar-1 exploration well in the C-10 licence, offshore Mauritania, has not encountered hydrocarbons. The well is being plugged and abandoned, after which the Stena DrillMax drill ship will leave Mauritan
Read moreWednesday broker round-up UPDATE
16th Apr 2014 08:44
Afren: Investec cuts target price from 200p to 195p and stays with its buy recommendation. Alexander Mining: Northland lowers target price from 8.1p to 6.1 and maintains a buy recommendation. Capita Group: JP Morgan ups target price from 1261p to 1279p and maintains an overweight rating. Central
Read moreFTSE 100 movers: Supermarkets, miners lead, airlines fly lower
14th Apr 2014 15:09
Sainsbury was a strong riser as it recovered from last week's news that it had lost some of its market share to the likes of discount stores Lidl and Aldi. Sector peer Tesco was also making decent gains after it was reported the company is planning to launch its F&F range in the US. Other stocks
Read moreFTSE 100 movers: Barratt Developments rises on broker comment
9th Apr 2014 14:57
Barratt Developments raced to the top of the leaderboard today after Deutsche Bank named the house builder as a top pick. Sector peer Travis Perkins was also making strong gains. ARM Holdings was a notable riser today, with investors feeling a renewed sense of confidence after the tech-heavy Nasd
Read moreFTSE 100 movers: Tullow Oil climbs after unveiling refinancing deal
7th Apr 2014 14:29
Tullow Oil has refinanced its 500m dollar corporate revolving credit facility to boost its balance sheet. The oil and gas company has increased the facility to 750m dollars and extended the tenor to April 2017. Irish building materials group CRH was also making gains today following news that its t
Read moreTullow Oil refinances credit facility
7th Apr 2014 07:08
Tullow Oil has refinanced its 500m dollar corporate revolving credit facility to boost its balance sheet. The oil and gas company has increased the facility to $750m and extended the tenor to April 2017. It replaces the previous facility which was due to expire in November. Mandated lead arrange
Read moreLondon pre-open: FTSE set to start week firmly lower
7th Apr 2014 07:07
- Stocks to track US markets lower - Germany industrial production higher than expected - Ashley reportedly acquires 11 per cent stake in House of Fraser - Caffé Nero to open 225 new stores UK stocks are set to start the week on the back foot, dragged by declines seen in the US on Friday and in Asi
Read moreLondon close: Miners ensure negative finish for FTSE
3rd Apr 2014 16:59
- Chinese stimulus comes in below expectations - ECB maintains interest rate - March UK services sector unexpectedly slows techMARK 2,770.71 -0.44% FTSE 100 6,649.14 -0.15% FTSE 250 16,349.06 -0.41% UK stocks settled modestly lower on Thursday as investors weighed up Chinese stimulus measures, det
Read moreFTSE 100 movers: Tullow Oil rises on rating upgrade
3rd Apr 2014 14:59
Tullow Oil shares were making decent gains after UBS upgraded the stock from 'neutral' to 'buy'. The bank said that the investment case for the shares has changed and the risk/reward balance is 'now skewed to the upside'. B&Q and Screwfix owner Kingfisher was higher after revealing that it is in ex
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