London 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
Read moreTuesday broker round-up UPDATE
9th Jul 2013 07:53
Adept Telecom: Northland Capital revises target price from 108p to 115p and maintains a buy recommendation. AG Barr: Panmure Gordon raises target price from 500p to 600p and retains a hold recommendation. Aquarius Platinum: Westhouse Securities shifts target price from 35p to 40p upgrading from se
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
Read moreThursday tips round-up: Royal Dutch Shell, Tullow Oil, OGX
4th Jul 2013 06:42
Royal Dutch Shell's announcement of a significant oil discovery in the Gulf of Mexico failed to boost shares but The Telegraph's Questor column believes it a good time to buy into company's 'B' holdings. Europe's shares have fallen by almost 10 per cent due to lower earnings consensus forecasts for
Read moreLondon close: Political uncertainty hits stocks hard
3rd Jul 2013 16:44
The UK market suffered steep falls on Wednesday as risk appetite was hit by disappointing economic data from China, political uncertainty in Portugal and fears of a military coup in Egypt. Nerves were also on edge ahead of policy decisions from the Bank of England and European Central Bank tomorrow
Read moreFTSE 100 movers: China concerns weigh heavily on miners
3rd Jul 2013 15:08
Mining stocks were once again bearing the brunt of a fall in risk appetite on Wednesday as concerns over demand for commodities were sparked by some disappointing economic data from China. Anglo American, Glencore Xstrata, BHP Billiton, Vedanta and Antofagasta were among the worst performers. Lead
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