London pre-open: Markets to extend gains on US, China data
9th Dec 2013 07:36
Markets are expected to open higher on Monday morning, extending gains after a surge the previous session in the aftermath of the better-than-expected US jobs report. City sources predict the FTSE 100 will open up 20 points from yesterday's close of 6,551.99. Global indices gained strongly on Fr
Read moreTullow Oil abandons 'dry hole' onshore Ethiopia
9th Dec 2013 07:12
Oil giant Tullow has plugged and abandoned the Tultule-1 wildcat well onshore Ethiopia after it failed to encounter oil. The well, in which Tullow owns a 50% interest along with partners Africa Oil (30%) and Marathon (20%), is located in the South Omo block and was targeting a reservoir section sim
Read moreLondon close: Stocks surge as strong US data offsets taper fears
6th Dec 2013 16:55
- FTSE 100 rebounds strongly on US jobs beat - Taper expectations brought forward - Oil, housing stocks provide a lift techMARK 2,670.64 +0.85% FTSE 100 6,551.99 +0.83% FTSE 250 15,317.05 +1.05% After falling to an eight-week low the previous session, the FTSE 100 rallied on Friday after a much be
Read moreLondon midday: Markets bounce back ahead of US data
6th Dec 2013 11:31
- FTSE 100 rebounds from worst level in eight weeks - Oil, housing stocks provide a lift - Markets focus on non-farm payrolls ahead of Fed meeting techMARK 2,657.20 +0.34% FTSE 100 6,536.26 +0.58% FTSE 250 15,210.58 +0.35% Strong gains in oil and housing sectors were providing a lift in London on
Read moreLondon open: Housing, oil stocks help markets rebound from eight-week low
6th Dec 2013 08:52
- Housing and oil stocks provide a lift - Focus on Fed ahead of non-farm payrolls - Berkeley jumps as strong housing demand boosts H1 results techMARK 2,650.07 +0.07% FTSE 100 6,518.46 +0.31% FTSE 250 15,166.21 +0.06% The FTSE 100 rebounded slightly on Friday from an eight-week low, as bargain hu
Read moreLondon open: FTSE 100 flat at seven-week low ahead of busy day
5th Dec 2013 08:23
- FTSE 100 at lowest level since October 14th - Central bank meetings, Autumn Statement in focus - Investors cautious ahead of jobs report tomorrow techMARK 2,644.71 +0.02% FTSE 100 6,509.08 -0.01% FTSE 250 15,152.45 +0.16% UK stocks opened broadly flat on Thursday morning with the FTSE 100 tradin
Read moreMonday broker round-up UPDATE
2nd Dec 2013 08:22
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price from 1215p to 1220p and retains a neutral rating. AVEVA Group: Numis upgrades to buy with a target price of 2980p. AZ Electronic Materials: Deutsch
Read moreLondon close: FTSE 100 rises as investors celebrate Iran deal
25th Nov 2013 16:40
- Global indices continue to set new highs - P5+1 strikes deal with Iran over nuclear programme - Travel stocks rise, oil stocks fall techMARK 2,651.39 +0.35% FTSE 100 6,694.62 +0.30% FTSE 250 15,299.92 +0.74% UK financial markets on Monday celebrated the deal to limit Iran's nuclear activity with
Read moreSector movers: Oil stocks fall, travel companies rise after Iran deal
25th Nov 2013 16:22
A weekend deal to limit Iran's nuclear activity prompted a sharp fall in oil prices on Monday, sending oil and gas stocks into the red whilst sparking gains in the travel sector. Iran and the so-called P5+1 nations of Russia, China, France, Germany, the UK and the US came to an interim agreement ov
Read moreFTSE 100 movers: Airlines climb on Iran deal and broker comments
25th Nov 2013 15:06
Airlines IAG and easyJet were both higher after oil prices went into decline following the deal with Iran which eased export sanctions for the latter and significantly lowered tensions in the Middle East. Iran and the so-called P5+1 nations of Russia, China, France, Germany, the UK and the US came
Read moreLondon midday: Travel stocks lift markets higher after Iran deal
25th Nov 2013 11:18
- Markets hail Iran accord over nuclear programme - Oil, gold prices drop after Iran deal - US markets set to extend record highs techMARK 2,654.27 +0.46% FTSE 100 6,695.66 +0.32% FTSE 250 15,292.96 +0.69% News of a deal constraining Iran's nuclear programme gave equity markets a lift on Monday mo
Read moreLondon close: FTSE closes slightly lower after data-heavy week
22nd Nov 2013 16:48
- FTSE down seven points, 19 on the week - German GDP in-line - Former Co-op Bank Chairman arrested - TUI sinks on share sale - AstraZeneca rises on recommendation from EMA techMARK 2,642.04 +0.25% FTSE 100 6,674.30 -0.11% FTSE 250 15,187.68 +0.26% The final session of the week saw the FTSE end se
Read moreLondon open: FTSE lifted by US data, German GDP in-line
22nd Nov 2013 08:20
- US jobless claims provide boost - German GDP in-line - Co-op Bank's former Chairman arrested techMARK 2,650.47 +0.57% FTSE 100 6,703.20 +0.33% FTSE 250 15,190.43 +0.28% Stocks were off to a generally good start this morning, buoyed by yesterday's US weekly jobless claims report, which revealed
Read moreLondon pre-open: Modest gain expected on FTSE
22nd Nov 2013 07:27
City sources predict the FTSE 100 will open around 20 points higher than yesterday's close of 6,681.33, following a flat finish yesterday, as US stock markets ended higher on Thursday night after weekly jobless claims came in better-than-expected, pushing the Dow Jones above the 16,000 mark for the
Read moreTullow Oil reports fifth discovery in northern Kenya
22nd Nov 2013 07:02
Tullow Oil has announced a fifth oil discovery onshore northern Kenya. The Agete-1 exploration well, in which Tullow has a 50 per cent interest, has an estimated 100 metres of net oil pay in good quality sandstone reservoirs. The Agete-1 wildcat well is part of a major exploration campaign and is
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