Shell spuds final well on Guyane Maritime Permit
13th Aug 2013 10:40
Drilling has begun on GM-ES-5, the fourth and final well on the drilling programme in the Guyane Maritime Permit, offshore French Guiana, it was announced Tuesday. The Guyana Maritime licence is held by Shell (45%), Total (25%), Tullow Oil (27.5%), Northern Petroleum (1.25%) and Wessex Exploration
Read moreTuesday broker round-up UPDATE
6th Aug 2013 07:13
Alent: Credit Suisse lowers target price from 430p to 420p keeping an outperform rating. UBS ups target price from 350p to 365p and maintains a neutral rating. Anglo American: Jefferies cuts target price from 1700p to 1650p and maintains a hold recommendation. Aquarius Platinum: RBC Capital shifts
Read moreLondon close: Stocks rally on US data as eyes turn to Fed
31st Jul 2013 16:39
After a cautious start, the FTSE 100 rallied strongly in afternoon trade following some strong economic data from the US, though markets pulled back slightly from their intraday highs by the close as investors awaited a key policy announcement from the Federal Reserve. London's benchmark index fini
Read moreLondon midday: Markets celebrate fall in Eurozone unemployment
31st Jul 2013 12:03
A fall in unemployment in Europe and some well-received corporate earnings pushed the FTSE 100 into positive territory on Wednesday morning, as traders showed optimism ahead of a policy announcement by the Federal Reserve later this evening. Some 24,000 fewer people were without a job in the Eurozo
Read moreLondon open: Markets flat as investors await FOMC, economic data
31st Jul 2013 09:06
Markets in the UK opened broadly flat on Wednesday morning as investors adopted a wait-and-see approach ahead of a policy announcement from the Federal Reserve. All eyes will be on the Federal Open Market Committee as its two-day meeting comes to a close this evening. While few actually think that
Read moreLondon pre-open: Flat start expected ahead of Fed decision
31st Jul 2013 07:30
Markets are expected to open broadly flat on Wednesday as investors adopt a cautious approach ahead of the money policy decision at the Federal Reserve. City sources predict the FTSE 100 will open down six points from yesterday's close of 6,571. All eyes will be on the Federal Open Market Committ
Read moreTullow Oil's first half sales rise, profits plunge
31st Jul 2013 07:07
Tullow Oil reported a 15 per cent jump in first half revenue to 1.3bn dollars on the back of an increase in production. Production for the six months to the end of June climbed 14% to 88,600 barrels of oil equivalent per day (boepd), driven by exploration and appraisal success in Kenya. The group
Read moreWednesday preview: FTSE 100 results, Fed interest rate decision
30th Jul 2013 15:51
Markets have a busy day ahead on Wednesday with a batch FTSE 100 companies out with interim results and a slate of economic data. Tullow Oil and British American Tobacco will take centre stage on the company front with their latest earnings reports. The first of the two is releasing its half-year
Read moreLondon close: Gains erased after US data misses forecasts
23rd Jul 2013 16:28
Worse-than-expected economic data from the US saw markets across Europe erase their earlier gains on Tuesday, as the FTSE 100 fell into the red despite a strong performance in the mining sector.. Home prices in the States continued to increase in May but at a worse-than-expected rate: the Federal H
Read moreFTSE 100 movers: Miners jump; Tullow sinks after well update
23rd Jul 2013 14:44
Mining stocks were among the best performing stocks on Tuesday as concerns over a 'hard landing' in China were eased by comments from the Premier and his second in command. Chinese Premier Li Keqiang is reported to have stood by the government target for economic growth of 7.5% in 2013 and assured
Read moreLondon midday: FTSE 100 lifted by Sage, mining stocks
23rd Jul 2013 11:38
A well-received trading update from Sage Group and strong gains in the mining sector lifted the FTSE 100 into positive territory on Tuesday morning, with sentiment lifted by reassuring comments about Chinese economic growth. Chinese Premier Li Keqiang is reported to have stood by the government ta
Read moreLondon open: Miners jump on hopes over Chinese growth
23rd Jul 2013 08:17
Fading hopes of a 'hard landing' in China lifted stocks in the heavyweight mining sector on Tuesday, meaning that the FTSE 100 opened with solid gains early on. Chinese Premier Li Keqiang assured that economic growth would not fall below the bottom line this year of 7.0%. He called for the governme
Read moreLondon pre-open: Gains expected on hopes over Chinese growth
23rd Jul 2013 07:30
Stocks are expected to advance on Tuesday morning, bouncing strongly after moderate falls the day before, tracking Asian markets higher overnight on hopes over growth in China. City sources predict the FTSE 100 will open up 28 points from yesterday's close of 6,623. Chinese Premier Li Keqiang assu
Read moreTullow abandons wells in Mozambique, French Guiana
23rd Jul 2013 07:03
Tullow Oil has plugged and abandoned an exploration well offshore Mozambique and another in French Guiana, an update on Tuesday morning has shown. The Cachalote-1 well, the first well in Area 2 offshore Mozambique, did discover a good quality gas-bearing sandstones in an Upper Cretaceous deepwater
Read moreLondon close: Stocks pare losses ahead of FOMC minutes
10th Jul 2013 16:56
Nervousness ahead of a Federal Reserve statement and disappointing trade figures from China weighed on markets on Wednesday, though a late rally on the FTSE 100 ensured that losses were only minor by the close. The FTSE 100 finished the session at 6,505, down just eight points (-0.12%) on the day a
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