London 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
Read moreLondon open: Stocks edge higher ahead of economic data
15th Nov 2013 08:29
- Eurozone CPI data in focus after last week's rate cut - Wall Street finishes at record high after Yellen comments - Vedanta, oil stocks rise early on techMARK 2,651.26 +0.08% FTSE 100 6,681.10 +0.22% FTSE 250 15,288.15 +0.20% UK stocks opened higher on Friday morning though gains were only modes
Read moreLondon close: FTSE 100 at four-week low on policy concerns
13th Nov 2013 16:36
- FTSE 100 sinks to lowest level since mid-October - Rate-hike speculation follows BoE Inflation Report - Sainsbury up after strong first half techMARK 2,625.69 -0.83% FTSE 100 6,630.00 -1.44% FTSE 250 15,179.84 -1.23% UK stocks declined sharply on Wednesday as investor risk appetite was scaled ba
Read moreLondon open: Stocks sink ahead of Inflation Report
13th Nov 2013 08:36
- Inflation Report in focus after CPI data yesterday - Markets give mixed reaction to corporate earnings - UK unemployment rate expected to hold steady techMARK 2,636.08 -0.44% FTSE 100 6,684.38 -0.63% FTSE 250 15,327.34 -0.27% Stocks sank sharply on Wednesday morning as investors scaled back thei
Read moreLondon pre-open: Steep drop expected on FTSE
13th Nov 2013 07:25
City sources predict the FTSE 100 will open around 46 points below yesterday's close of 6,727, tracking US markets lower ahead of the release of the Bank of England's (BoE) highly anticipated Inflation Report. Sentiment on Wall Street was dampened last night by heightened speculation about a near-
Read moreTullow maintains output guidance after 'strong' Q3
13th Nov 2013 07:12
- Full-year production guidance maintained - 'Good progress' seen across main operations Tullow Oil said it is confident of exiting 2013 with oil output at record levels after 'strong production across the group' in the third quarter. The FTSE 100-listed oil producer said it is on track to deliver
Read moreFTSE 100 movers: Financials and miners stuck in reverse
12th Nov 2013 14:45
Financials were sitting firmly in the red this afternoon after a sharp fall in UK inflation failed to prompt much in the way if a reaction from investors. Aberdeen Asset Management and RBS were two of the biggest fallers, with the latter also being pressured lower by a downgrade by Goldman Sachs f
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreTullow Oil resumes operations in northern Kenya with new MoU
7th Nov 2013 09:06
Tullow Oil is set to resume operations in Block 10BB and Block 13T in northern Kenya on Friday (November 8th) after completing discussions with government and the local community. The group has signed a Memorandum of Understanding (MoU) with the Minister for Energy, under which a clear plan has be
Read moreTullow Oil plugs and abandons Wisting Alternative well
29th Oct 2013 07:59
FTSE 100-listed Tullow Oil on Tuesday revealed that the Wisting Alternative well, offshore Norway, had reached total depth and although oil shows had been encountered, the reservoir rock was of poor quality. As such, it will be plugged and abandoned, although work on the Wisting Central discovery
Read moreSector movers: Quality names to keep underperforming
28th Oct 2013 14:42
Before the financial crisis, and the technology bubble which culminated in the 2000 stock-market crash, mean-reversion was considered by many to be one of the most orthodox investment thesis. Simply said, over a long enough time horizon on average shares would tend to overshoot or undershoot their f
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