FTSE 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,
Read moreLondon 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
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