FTSE 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
Read moreBroker tips: BSkyB, BHP Billiton, HSBC...
3rd Apr 2014 13:52
British Sky Broadcasting's share price took a knock on Thursday after analysts at HBSC said that the recent rally suggests that 'significant risks' are being overlooked. HSBC said that fears about the upcoming auction of Premier League rights are likely to resurface following the stock's recent ral
Read moreLondon midday: Gains erased with investors nervous ahead of ECB
3rd Apr 2014 12:05
- ECB in focus ahead of policy meeting - UK services PMI slips, US data ahead - Tullow and Standard Life upgraded - BSkyB drops on HSBC comments - Just Eat impresses with IPO techMARK 2,776.98 -0.21% FTSE 100 6,657.60 -0.02% FTSE 250 16,390.84 -0.15% It was a choppy morning for UK equity markets o
Read moreTullow Oil lifted by UBS upgrade to 'buy'
3rd Apr 2014 09:27
Tullow Oil shares were making decent gains on Thursday 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". "Less evident for the time being is the high impact offshore e
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreLondon open: Trading cautious ahead of ECB decision
3rd Apr 2014 08:46
- ECB meeting the main event of the day - China unveils 'mini-stimulus' - Global economic data in focus - Tullow, Standard Life upgraded - Kingfisher rises on Mr Bricolage deal techMARK 2,780.50 -0.09% FTSE 100 6,663.30 +0.06% FTSE 250 16,387.30 -0.17% UK stocks edged higher on Thursday morning, b
Read moreFTSE 100 movers: Fresnillo climbs on broker upgrade
2nd Apr 2014 15:35
Fresnillo was a strong riser following RBC Capital's decision to upgrade the stock from a 'sector perform' to an 'outperform'. BHP Billiton and Randgold were also rising strongly. Marks & Spencer charged higher on news it is planning to open 250 more stores overseas over the next three years. Chie
Read moreLondon midday: Markets edge higher but gains limited
2nd Apr 2014 11:48
- Stocks extend three-week high - ECB, US data ahead - Antofagasta unharmed by Chile quake - Sports Direct extends gains on expansion potential techMARK 2,795.73 +0.42% FTSE 100 6,666.62 +0.21% FTSE 250 16,470.77 +0.39% The FTSE 100 had pushed into positive territory by Wednesday lunchtime, but ga
Read moreLondon open: Markets hold at three-week high
2nd Apr 2014 08:59
- Markets flat ahead of ECB, US data - Antofagasta operations unaffected by Chile quake - Domino's, ASOS impress with results techMARK 2,788.47 +0.16% FTSE 100 6,650.51 -0.03% FTSE 250 16,413.15 +0.03% UK stocks were flat at a three-week high on Wednesday morning as investors paused for breath ahe
Read moreTullow Oil to offer 500m dollar senior notes
2nd Apr 2014 07:56
Tullow Oil on Wednesday announced plans to offer half a million dollars worth of senior notes to generate funds that will be used to repay some of its debt under its current credit facilities. The notes are due in 2022 and will be guaranteed by several of Tullow's subsidiary companies. Interest
Read moreFTSE 100 movers: Aberdeen slides after target price cut
27th Mar 2014 15:05
Aberdeen Asset Management declined on the back of Credit Suisse's decision to cut its target price on the stock from 470p to 415p, reiterating its 'neutral' rating. WPP climbed after announcing its fourth acquisition of the week. Today saw the group reveal that its wholly-owned operating company,
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