Broker snap: Nomura raises Tullow Oil to neutral
1st Jul 2013 09:47
Analysts at Nomura have upped their view on shares of oil exploration group Tullow Oil ahead of what they expect will be a positive trading update this next Wednesday. That is particularly true, they believe, given the generally sombre outlooks typical for large-cap majors in Europe and after a 40
Read moreTuesday broker round-up UPDATE
18th Jun 2013 08:19
Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A
Read moreFTSE 100 movers: Resolution, Vodafone, Reckitt
17th Jun 2013 14:28
Guernsey-incorporated investment vehicle Resolution topped the FTSE 100 Monday after JP Morgan increased its target price from 273p to 302p and maintained a 'neutral' rating. Vodafone Group was dragged higher by a bounce in the wider Telecommunications sector despite reports in The Sunday Times acc
Read moreMonday broker round-up UPDATE
17th Jun 2013 07:21
Antofagasta: UBS reduces target price from 1140p to 1050p, while upgrading from neutral to buy. ARM Holdings: Analysts at Numis have cut their view on the shares to reduce from hold. Associated British Foods: Nomura cuts target price from 1800p to 1650p downgrading to reduce. Atkins: Jefferies u
Read moreTullow Oil defeats Heritage in High Court battle
14th Jun 2013 14:56
Tullow Oil has defeated former partner Heritage Oil in a contract dispute taken to the UK High Court. The dispute related to which of the two companies was liable for a tax payment to the Ugandan government. On Friday, in the High Court in London, the FTSE 100 group's subsidiary Tullow Uganda rece
Read moreLondon close: Stocks fall after choppy day on mixed manufacturing data
3rd Jun 2013 17:03
A mixed bag of manufacturing results from across the globe resulted in a weak start to the new month for financial markets, with the FTSE 100 sinking to levels not seen in over four weeks. After a volatile session, the FTSE 100 finished 58 points lower at 6,525. The last time the index finished low
Read moreLondon midday: Losses pared after UK, Eurozone manufacturing data
3rd Jun 2013 11:42
Disappointing factory activity in China prompted sharp falls in early trading on Monday, though losses were pared by lunchtime after some better-than-expected manufacturing figures closer to home. The FTSE 100 sunk to an intraday low of 6,512 early on, falling to levels not seen since the start of
Read moreTullow gains green light from Ghana government
30th May 2013 12:50
Tullow Oil has been granted government approval for a large development offshore Ghana. The Tweneboa-Enyenra-Ntomme (TEN) project is expected to produce its first oil in 2016 at an anticipated production rate of 80,000 barrels of oil per day (bopd). The TEN development is located in the Deepwater
Read moreLondon midday: Miners buoy markets ahead of US GDP
30th May 2013 11:21
The FTSE 100 was making meagre gains on Thursday morning as sentiment remained fragile following the sell-off the day before, with investors taking caution ahead of some key economic indicators. Global economic concerns sent London's top-tier index down 2.0% on Wednesday after the OECD slashed its
Read moreLondon open: Stocks rise after heavy sell-off
30th May 2013 08:27
Markets opened slightly higher on Thursday morning after falling to a two-week low the day before as concerns about the global economy continue to unnerve investors. The FTSE 100 slumped 2.0% on Wednesday after the OECD slashed its global growth estimates and the International Monetary Fund reduced
Read moreThursday broker round-up UPDATE
30th May 2013 08:19
AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C
Read moreLondon pre-open: FTSE 100 seen lower ahead of busy day
30th May 2013 07:44
The FTSE 100 is expected to open moderately lower again on Thursday following a steep sell-off the day before, as concerns about the global economy continue to weigh on sentiment ahead of a busy day for financial markets worldwide. City sources predict the FTSE 100 will open down 23 points from ye
Read moreTullow abandons exploration well offshore Cote D'Ivoire
30th May 2013 07:10
Oil giant Tullow has been forced to pull out of another one of its exploration wells, this time off the coast of Cote D'Ivoire. The company, which has seen its stock drop nearly 18% so far in 2013 on the back of a series of disappointing exploration updates, said that its Calao-1X well encountered
Read moreTullow Oil announces well disappointment offshore Norway
23rd May 2013 09:21
Lundin Petroleum, Tullow Oil's partner on the Carlsberg prospect in the Norwegian North Sea, said Thursday that it has plugged and abandoned the wildcat well 7/4-3 after no hydrocarbons were encountered. Tullow Oil has a 40% stake in the well, which was targeting the Upper Triassic and Upper Creta
Read moreTullow Oil reports strong production at Jubilee Field in Ghana
8th May 2013 08:14
Dual listed independent oil and gas exploration group Tullow Oil has reported "continued strong production" from the Jubilee Field and production "in line with expectations" at its other assets across the West and North of Africa. In its interim management statement for the period from January 1st
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