London 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
Read moreTullow Oil suspends operations in Northern Kenya due to labour strikes
28th Oct 2013 07:29
Tullow Oil has temporarily suspended all operations in Block 10BB and Block 13T in Northern Kenya due to labour unrest. The company said its decision to suspend exploration and appraisal operations was taken to prevent further escalation of strikes while it tries to resolve the issue. "Tullow is w
Read moreTullow Oil to offer 500m dollar senior notes
24th Oct 2013 10:30
FTSE 100-listed Tullow Oil has unveiled plans to offer 500m dollars of senior notes, due in 2020. The proceeds of the notes will be used to repay part of Tullow's existing indebtedness under the company's credit facilities. The interest on the notes will be payable semi-annually; the rate has no
Read moreWednesday broker round-up UPDATE
2nd Oct 2013 08:02
Advanced Medical Solutions: N+1 Singer shifts target price from 84p to 90p and upgrades from sell to hold. Afren: Nomura lowers target price from 180p to 170p and retains a neutral rating. Aveva: Panmure Gordon raises target price from 2174p to 2374p and keeps a hold recommendation. Barclays: Soc
Read moreLondon close: Stocks rise despite more unbalanced UK economy
26th Sep 2013 16:58
London's benchmark FTSE 100 index ended the day up 14.06 points at 6,565.59, rebounding after hitting a two-week low of 6,551.53 on Wednesday. That came after a solid reading on US initial weekly unemployment claims - unemployment is the key variable for the short-term economic outlook. However,
Read moreFTSE 100 movers: Energy stocks hit by Labour pledge
26th Sep 2013 15:04
British Gas owner Centrica and utility group SSE were today extending losses after yesterday's proposal by Labour leader Ed Miliband to freeze energy bills if the party is voted back into power in 2015. The stock has now slipped below its 200-day moving average following three days of intense sellin
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