London midday: Stocks fall as focus remains on US data
26th Sep 2013 11:49
Markets were trading in negative territory on Thursday morning as investors gave a subdued reaction to in-line growth figures from the UK and awaited more economic data from the US. The second and final revision of UK gross domestic product (GDP) growth for the second quarter held steady at 0.7%. M
Read moreBroker snap: Credit Suisse lifts Tullow target after Kenyan discovery
26th Sep 2013 11:25
Credit Suisse has raised its target price for oil explorer Tullow following a successful discovery at the Ekales prospect in the South Lokichar Basin in Kenya. The group said results of drilling, wireline logs and samples of reservoir fluid indicate a potential net oil pay in the Auwerwer and Upper
Read moreLondon open: Markets tentative ahead of economic data
26th Sep 2013 08:19
Markets opened tentatively on Thursday morning as investors awaited economic growth figures from both sides of the Atlantic due out later on. Wall Street benchmarks ended Wednesday's session slightly lower with the S&P 500 finishing in the red for the fifth straight day - its longest losing streak
Read moreLondon pre-open: FTSE to edge higher ahead of GDP reports
26th Sep 2013 07:35
City sources predict the FTSE 100 will open up around six points from Wednesday's close of 6,551.53, ahead of the release of UK and US gross domestic product later today. Britain's economic growth for the second quarter is expected to hold steady, according to forecasts ahead of figures released l
Read moreTullow Oil makes new oil discovery in Kenya
26th Sep 2013 07:02
Tullow Oil has made a new oil discovery in in Block 13T of Northern Kenya, the company announced on Thursday. The group said results of drilling, wireline logs and samples of reservoir fluid indicate a potential net oil pay in the Auwerwer and Upper Lokone sandstone reservoirs of between 60 and 100
Read moreFTSE 100 movers: ARM rises on launch of latest Apple iPhones
11th Sep 2013 14:49
Leading today's risers was ARM Holdings, the chip designer, which rose strongly in the aftermath of last night's launch by customer Apple of its new iPhone models. The phones use a new 64-bit processor, which a number of analysts believe will equate to an increased royalty rate to ARM than the 32-bi
Read moreSector movers: Oil and gas stocks fall after delays at BG Group
9th Sep 2013 18:15
Oil and gas stocks were firmly in the red on Monday as project delays from natural gas giant BG Group and falling crude prices dampened sentiment across the sector. BG, the 13th largest listed company in the UK by market capitalisation, slumped today after scaling back its production guidance for n
Read moreMonday broker round-up UPDATE
9th Sep 2013 10:42
Associated British Foods: Panmure Gordon cuts target price from 2100p to 2075p, while leaving its buy recommendation unchanged. Investec places its target price (prev.: 1930p) under review keeping a hold recommendation. Aviva: Morgan Stanley increases target price from 403p to 445p and maintains an
Read moreLondon close: Markets choppy after US data, Putin comments
6th Sep 2013 16:29
A disappointing US jobs report and comments from Vladimir Putin sparked a choppy end to trade on Friday, resulting in meagre gains on the FTSE 100 as risk appetite was scaled back before the weekend. The FTSE 100 ended the day up just 14.89 points at 6,547.33, a rise of 0.23%. Still, this was the h
Read moreFTSE 100 movers: Tullow Oil shares jump on oil discovery
6th Sep 2013 15:05
Shares in Tullow Oil leapt after it was revealed that the Wisting Central exploration well had made the first ever oil discovery in the Hoop-Maud Basin in the Barents Sea offshore Norway. Tullow Oil owns a 20% stake in the licence where the oil was found. Airline group easyJet was continuing to re
Read moreLondon midday: Markets rangebound ahead of US jobs report
6th Sep 2013 11:29
The FTSE 100 was rangebound on Friday morning as traders scaled back their appetite for risk ahead of the US jobs report due out this afternoon. London's benchmark index was trading far off Thursday's close of 6,532.4 with just 21 points separating its intraday low (6,520) and high (6,541). "We'r
Read moreLondon open: Stocks fall as investors await US non-farm payrolls
6th Sep 2013 08:23
Stocks opened broadly lower on Friday morning with investors refraining from building positions ahead of the all-important US jobs report due out this afternoon, seen as a deciding factor in the Federal Reserve's impending withdrawal of stimulus. US data released Thursday threw more weight behind t
Read moreTullow Oil announces major oil discovery offshore Norway
6th Sep 2013 07:41
Tullow Oil has revealed that the Wisting Central exploration well has made the first ever oil discovery in the Hoop-Maud Basin in the Barents Sea offshore Norway. The oil and gas explorer said the well, which was drilled to a total depth of 905m and a water depth of 373m, had discovered 50m to 60m
Read moreFTSE 100 movers: Tullow Oil rebounds as real estate stocks decline
3rd Sep 2013 16:25
Real estate stocks were among the worst performers on Tuesday after some gloomy comments from Deutsche Bank, which downgraded a collection of companies under its coverage. The German bank cut ratings for UK-listed property peers Land Securities, British Land, Great Portland Estates, Intu Properties
Read moreLondon close: Markets jump on data, Syria delays
2nd Sep 2013 17:02
UK investors took advantage of low volumes on Monday to push the FTSE 100 nearly 1.5 per cent higher, with impressive manufacturing data and delays to potential action on Syria prompting a bullish mood. "After posting four negative weeks in succession today's market moves on the UK benchmark index
Read more