London pre-open: Stocks to snap four-day rally
24th Dec 2013 07:44
City sources predict the FTSE 100 will open 8 points lower from Monday's close of 6678 in a shortened pre-holiday session. London's stock market will close at 1230 local time and will remain closed for the following two days for the Christmas holiday. In an otherwise quiet day for company news, in
Read moreTullow Oil pulls the plug on North Sea well
24th Dec 2013 07:10
Independent oil and gas exploration and production group Tullow Oil said its exploration well on the Mantra prospect offshore Norway has encountered reservoir quality sands but all intervals are water wet. As a result, drilling at the well in the North Sea has been terminated and will now be logge
Read moreLondon midday: Markets await Fed as data turns heat up on MPC
18th Dec 2013 11:16
- Taper speculation picks up ahead of Fed decision - MPC votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low - Retailers under the weather techMARK 2,693.27 +0.32% FTSE 100 6,500.40 +0.22% FTSE 250 15,391.16 +0.28% UK markets held on to gains
Read moreLondon open: Markets edge higher despite taper uncertainty
18th Dec 2013 08:21
- Fed meeting in focus, decision due out after close - BoE minutes to be released this morning - M&S downgraded by UBS to 'neutral' - Oil stocks in focus after exploration updates techMARK 2,701.33 +0.62% FTSE 100 6,512.99 +0.41% FTSE 250 15,387.21 +0.25% Markets opened slightly higher on Wednesda
Read moreTullow Oil says Côte d'Ivoire well comes up dry
18th Dec 2013 07:18
Explorer Tullow Oil said a well off the coast of Côte d'Ivoire in west Africa has turned up dry. Tullow is plugging and abandoning the Paon-2A appraisal well in the CI-103 licence after drilling failed to uncover oil. Paon-2A was sited 15km south west of the Autruche light oil discovery made by th
Read moreWednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
Read moreLondon close: Stocks slip after weak start on Wall Street
10th Dec 2013 16:44
- Markets fall as investors look ahead to Fed meeting - Economic data from China, UK reports comes in mixed - Gold miners track metal prices higher - Weir gains on M&A rumours techMARK 2,672.70 -0.26% FTSE 100 6,523.31 -0.55% FTSE 250 15,410.79 +0.12% UK stocks finished firmly lower on Tuesday aft
Read moreFTSE 100 movers: Miners track metal prices higher
10th Dec 2013 15:14
Randgold Resources topped the leader board this afternoon, tracking the price of gold higher, which was up 29 dollars, or 2.35 per cent. Likewise, Fresnillo, which fell earlier in today's session, rebounded into positive territory despite lowering its annual gold production forecast by 8.4% to 425
Read moreTuesday broker round-up UPDATE
10th Dec 2013 09:43
Amlin: Westhouse Securities moves target price from 470p to 480p and reiterates an add rating. Antofagasta: Credit Suisse reduces target price from 900p to 750p, while upgrading to neutral. UBS cuts target price from 845p to 765p retaining its neutral rating. Ashley House: WH Ireland moves target
Read moreLondon close: Markets edge higher despite falls from Tullow, miners
9th Dec 2013 16:56
- Markets edge higher after positive start on Wall Street - Tullow Oil, mining stocks limit gains in London - Chinese exports slow; Japan GDP revised lower techMARK 2,679.67 +0.34% FTSE 100 6,559.48 +0.11% FTSE 250 15,391.79 +0.49% Markets finished with small gains on Friday after a decent start o
Read moreFTSE 100 movers: Tullow, mining stocks provide a drag
9th Dec 2013 14:57
Oil group Tullow was among the worst performers on Monday after saying it has plugged and abandoned its Tultule-1 wildcat well onshore Ethiopia as it failed to encounter oil. Mining stocks were also under heavy selling pressure despite data showing a strong acceleration in export growth last month
Read moreBroker tips: Tullow, Admiral, Jupiter Fund Management
9th Dec 2013 12:14
Canaccord Genuity has kept its 'hold' rating and 1,050p target price for Tullow Oil after the firm plugged and abandoned the Tultule-1 well onshore Ethiopia after it failed to find oil. The broker explained that it had only attributed a value of 1p per share to Tultule on a risked basis (5p/share u
Read moreLondon midday: Mining stocks drag FTSE 100 lower
9th Dec 2013 11:33
- Miners lower as investors digest China trade data - Japanese growth estimates lowered for Q3 - Tullow disappoints after abandoning well techMARK 2,677.57 +0.26% FTSE 100 6,539.02 -0.20% FTSE 250 15,341.86 +0.16% Weakness in the heavyweight mining sector kept London's FTSE 100 index in the red on
Read moreBroker snap: Tullow a 'hold' after Ethiopian well disappointment, says Canaccord
9th Dec 2013 10:20
Canaccord Genuity has kept its 'hold' rating and 1,050p target price for Tullow Oil after the company's disappointing well update on Monday. The company said that the Tultule-1 wildcat well onshore Ethiopia, located in the South Omo block, would be "plugged and abandoned as a dry hole". Tultule-1
Read moreLondon open: Markets flat as investors digest mixed data from Asia
9th Dec 2013 08:53
- Markets still digesting non-farm payrolls - Chinese export growth picks up - Japan Q3 GDP revised lower techMARK 2,678.36 +0.29% FTSE 100 6,553.51 +0.02% FTSE 250 15,359.05 +0.27% Markets opened more or less flat on Monday morning as investors continued to digest last week's strong US data, as w
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