Broker 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
Read moreTullow 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
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