London midday: Blue chips fall as Crimea concerns hit markets
27th Mar 2014 12:09
- Crimea concerns hit markets after Obama warning - Banks, miners provide a drag - Babcock drops after Avincis deal, Tullow disappoints - Ofgem report weighs on utilities techMARK 2,770.56 -0.43% FTSE 100 6,571.17 -0.52% FTSE 250 16,206.99 -0.28% The UK stock market retreated from a two-week high
Read moreLondon open: Stocks track losses on Wall Street
27th Mar 2014 08:30
- FTSE 100 pulls back from two-week high - Babcock drops after acquisition, Tullow disappoints - Utilities fall after Ofgem report - UK and US data on tap today techMARK 2,770.54 -0.44% FTSE 100 6,567.22 -0.58% FTSE 250 16,203.40 -0.30% Falls from Babcock, Tullow Oil and utility stocks were weighi
Read moreLondon pre-open: UK stocks set to track declines in the US
27th Mar 2014 07:40
The Footsie is set for a negative start to today's session following a flat finish yesterday after US President Barack Obama denounced Russia's actions in Crimea and ahead of data out both Stateside and in the UK. City sources predict the top tier index will open around 30 points lower than yester
Read moreTullow Oil gives drilling update on Kenyan blocks
27th Mar 2014 07:10
Oil explorer Tullow has given a mixed drilling update on rigs currently operating in its 50 per cent-owned blocks 10BB and 13T onshore Kenya. "The early exploration, appraisal and testing activities onshore Kenya are giving us significant technical and operational insights for further optimising an
Read moreMonday broker round-up UPDATE
24th Feb 2014 08:15
Associated British Foods: Numis downgrades from reduce to sell with a target price of 2240p. Panmure Gordon raises target price from 2500p to 2760p and maintains a hold recommendation. Jefferies increases target price from 2450p to 2600p and keeps a hold recommendation. Aviva: JP Morgan shifts targ
Read moreTullow Oil's Langlitinden well to be plugged and abandoned
21st Feb 2014 07:38
Oil group Tullow has revealed that a well on its part-owned Langlitinden prospect, offshore Norway, will be plugged and abandoned after drilling results failed to meet expectations. Norwegian group Det norske, the operator and 20% stakeholder of Langlitinden in production licence 659, will shortly
Read moreTullow Chairman ups investment after profit disappoints
13th Feb 2014 16:12
The Chairman of Tullow Oil has shown his faith in the company following its disappointing profit result on Wednesday. Simon Thompson purchased 6,244 shares at 796.48p a go, spending a total of £49,732. His stake in the company now stands at 20,604 shares. Meanwhile, Non-Executive Director, Jeremy
Read moreFootsie flat as MPC raises GDP forecasts sharply
12th Feb 2014 17:26
- Stocks track mixed performance on Wall Street - Sterling and long-term yields rise after Inflation Report - Market commentary divided on outlook for Bank Rate - Insurers and miners lead gains techMARK 2,831.18 -0.18% FTSE 100 6,675.03 +0.04% FTSE 250 16,079.18 +0.01% Stocks underperformed equity
Read moreFTSE 100 movers: Standard Chartered jumps on Swiss bank sale plan
12th Feb 2014 14:21
Standard Chartered was the top riser after appointing a new head of its private banking unit and unveiling plans to sell its Swiss private bank as part of its strategy of narrowing its regional focus. According to The Wall Street Journal, the move followed a comprehensive review by the group. Babc
Read moreBroker tips: Barclays, Tullow, Morrison
12th Feb 2014 13:06
UBS has cut its target price for Barclays from 295p to 280p and retained a 'neutral' rating after reducing forecasts for the banking group following its 2013 results. Analyst John-Paul Crutchley said: "We believe the market was looking for two things from Barclays: a balance sheet restructuring to
Read moreKillik & Co says Tullow Oil is vulnerable to a takeover bid
12th Feb 2014 12:17
Broker Killik & Co believes Tullow Oil is vulnerable to a takeover bid after it unveiled lower annual profits and disappointing results from its first well in Mauritania. Killik, which is advising investors to buy the shares, said it remained positive on the African and North Sea oil explorer even
Read moreUK stocks hold gains despite complex new forward guidance from BoE
12th Feb 2014 12:02
- Carney revamps forward guidance - BoE focusing on 'spare capacity' in economy - Bank Rate to rise only gradually when tightening is needed - Morrisons in buyout talks with private-equity firms techMARK 2,824.49 -0.42% FTSE 100 6,683.78 +0.17% FTSE 250 16,060.03 -0.11% UK stocks held on to small
Read moreUK stocks flat ahead of Inflation Report, Morrisons gains
12th Feb 2014 08:24
- Markets await Inflation Report, forward guidance in focus - Yellen still in focus after taper comments - China trade surplus widens unexpectedly - Morrison gains on private-equity buyout hopes techMARK 2,826.88 -0.34% FTSE 100 6,678.65 +0.09% FTSE 250 16,076.98 -0.01% UK stocks opened more or le
Read moreFTSE set for positive start after Yellen comments
12th Feb 2014 07:16
The FTSE is set for a modest rise at the opening bell this morning, boosted by a strong performance in the US and Asia overnight following comments from Federal Reserve Chair Janet Yellen. City sources predict the FTSE 100 will open nine points higher than yesterday's close of 6,672.66. In her fi
Read moreTullow Oil 2013 revenue up but write-offs hit profit
12th Feb 2014 07:00
African explorer Tullow Oil unveiled higher revenue but profits fell in the face of a 200m dollar increase in exploration write-offs. Tullow, which has interests in more than 150 exploration and production licences across 25 countries in Africa, Europe, Asia and South America, said revenue in the y
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