Killik & 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
Read moreTuesday broker round-up UPDATE
11th Feb 2014 09:41
Bellway: Jefferies takes target price from 2085p to 2186p and stays with its buy recommendation. BT Group: Jefferies shifts target price from 435p to 440p and keeps a buy recommendation. Carnival: Jefferies ups target price from 2000p to 2050p, while downgrading to underperform. Deutsche Bank rais
Read moreLondon midday: Stocks flat as investors await US data with caution
7th Feb 2014 11:41
- Markets flat ahead of US jobs report - Stocks pause after ECB-inspired rally on Thursday - Data disappoints from China, UK, Germany techMARK 2,788.33 +0.33% FTSE 100 6,564.10 +0.09% FTSE 250 15,837.69 +0.30% The FTSE 100 was more or less flat by midday on Friday after trading within a narrow ran
Read moreLondon open: Markets pause ahead of US jobs data, stocks flat
7th Feb 2014 08:37
- Non-farm payrolls estimated at 180,000 - China services PMI falls to 50.9 - Tate & Lyle upgraded by JPMorgan to 'overweight' - Shires stops development of depression drug techMARK 2,781.99 +0.10% FTSE 100 6,561.78 +0.05% FTSE 250 15,827.61 +0.24% The FTSE 100 was broadly flat on Friday morning w
Read moreLondon close: Markets subdued ahead of policy decisions, US jobs report
5th Feb 2014 16:43
- Economic data from across the globe fails to impress - Policy decisions, US non-farm payrolls being watched - Tullow jumps on bid speculation, AB Foods and RSA rise strongly - Hargreaves Lansdown drops sharply after H1 report techMARK 2,745.01 -0.04% FTSE 100 6,457.89 +0.13% FTSE 250 15,561.38 +0
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreTuesday broker round-up UPDATE
21st Jan 2014 08:17
BG Group: Credit Suisse ups target price from 1170p to 1200p, while leaving its underperform rating unchanged. BHP Billiton: UBS lowers target price from 2090p to 2060p, while its buy recommendation is kept. Diageo: UBS cuts target price from 2050p to 2000p maintaining a neutral rating. DP World
Read moreFriday broker round-up UPDATE
17th Jan 2014 10:05
Aberdeen Asset Management: JP Morgan cuts target price from 544p to 529p, while its overweight rating remains unchanged. Canaccord Genuity reduces target price from 586p to 540p and reiterates a buy recommendation. UBS lowers target price from 540p to 520p and keeps a buy recommendation. Ashtead Gr
Read moreFTSE 100 movers: Miners lifted by Citigroup comments
16th Jan 2014 14:21
Mining stocks were performing well after Citigroup lifted its stance on the sector from 'neutral' to 'bullish', representing its first positive outlook for the industry in three years. The bank has labelled BHP Billiton, Rio Tinto and Glencore Xstrata as its "key picks" as it said that sentiment wil
Read moreInvestors should drill into Tullow Oil, FT says
16th Jan 2014 10:44
Tullow Oil should be a play for investors despite a 50 per cent fall in the explorer and producer's shares in the last two years, according to a respected British newspaper investment column. Failure to significantly boost 2013 oil and gas production against that of 2012 and a poor run of drilling
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
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