Tuesday broker round-up UPDATE
26th Mar 2013 07:41
Abbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreMonday broker round-up UPDATE
4th Mar 2013 07:12
Aggreko: JP Morgan takes target price from 1845p to 1870p, while reiterating a neutral rating. Anglo American: Nomura reduces target price from 1800p to 1700p and downgrades from neutral to reduce. ARM Holdings: Deutsche Bank increases target price from 400p to 445p, but still recommends selling.
Read moreLondon open: Footsie edges higher despite mining weakness
1st Mar 2013 09:02
UK stocks opened broadly higher on Friday morning but a disappointing reading of Chinese manufacturing weighed on the mining sector, limiting gains for the resource-heavy FTSE 100 index. The official Chinese manufacturing purchasing managers' index (PMI) fell from 50.4 to 50.1 in February. While t
Read moreTullow evaluating options after suspending Kenyan well
1st Mar 2013 07:43
FTSE 100-listed oil and gas producer Tullow has suspended its Paipai-1 exploration well in Kenya after struggling to bring oil to the surface, the company said on Friday morning. The well, located in the Marsabit County of Kenya Block 10A, was drilled to evaluated a large structural closure of Cret
Read moreLondon close: Stocks tank after Fed wavers on QE
21st Feb 2013 16:40
Hawkish comments from the Federal Reserve weighed heavily on markets on Thursday with cyclical stocks bearing the brunt of the sell-off as traders looked to book some profits after a strong run in recent months. The FTSE 100 was boosted on Wednesday to highs not seen since January 2008 after minute
Read moreLondon midday: Stocks plummet after Fed minutes, Eurozone PMI
21st Feb 2013 11:49
The FTSE 100 was registering triple-digit losses by Thursday lunchtime as uncertainty at the US Federal Reserve dampened risk appetite and spooked markets into a sell-off. London's benchmark index rose to highs not seen since January 2008 yesterday after minutes from this month's Bank of England Mo
Read moreLondon open: Stocks pull back after Fed questions QE
21st Feb 2013 08:23
After hitting highs not seen since January 2008 yesterday, the FTSE 100 pulled back on Thursday morning as minutes from the latest Federal Reserve meeting showed that some policy-makers have begun to question current quantitative easing (QE) measures in the States. Stocks were boosted on Wednesday
Read moreLondon pre-open: FTSE to slump in early trade
21st Feb 2013 07:31
City sources predict the FTSE 100 will open down 39 points from yesterday's close of 6,395, tracking both Asian and US stocks, with the latter sharply lower after minutes were released from the most recent meeting of policy-makers at the Federal Reserve. Polarized opinions as to the effectiveness
Read moreOil absent at Tullow Oil's Uganda exploration well
21st Feb 2013 07:06
Oil producer Tullow Oil has undertaken exploration at a well in Uganda and admitted that no hydrocarbons were found present. The FTSE 100-listed company reported that exploration drilling had continued in the Total-operated EA-1A block to the north of Lake Albert, with the Ondyek-1 exploration well
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreThursday broker round-up UPDATE
14th Feb 2013 08:09
African Barrick Gold: Deutsche Bank cuts target price from 410p to 340p, while staying with its hold recommendation. Investec reduces target price from 405p to 315p and downgrades from buy to hold. JP Morgan lowers target price from 370p to 290p and downgrades to underweight. AG Barr: Barclays down
Read moreThursday tips round-up: Tullow, Paragon Group, Crest Nicholson
14th Feb 2013 07:20
Tullow Oil is feeling misunderstood. The company is generally thought of as an Africa-focused oil explorer, but it has interests elsewhere, most notably in French Guiana and in the North Sea. Production comes from one large field off Ghana, which accounts for about a third of it, and smaller ones el
Read moreLondon close: Footsie hits new five-year high, Sterling slumps
13th Feb 2013 16:36
After a subdued start, London's FTSE 100 index finished with decent gains on Wednesday to set a new five-year high with analysts putting the strong performance down to the weaker pound. Sterling slumped today - down 0.82% against the dollar at 1,5534 - after the Bank of England said that inflation
Read moreFTSE 100 movers: Tullow Oil rises on strong set of results
13th Feb 2013 15:50
Oil and gas group Tullow rose strongly today after posting a four per cent rise in annual pre-tax profits on the back for strong sales and output. Pre-tax profits in 2012 totalled 1.11bn dollars, ahead of analysts' expectations. Irish building materials group CRH was one of the best performers on
Read moreBroker snap: Canaccord says Tullow Oil is 'not particularly attractive'
13th Feb 2013 13:34
Analysts at Canaccord continued to view the valuation of Tullow Oil as "not particularly attractive" after the oil and gas giant posted its annual results Wednesday. The group reported a 4.0% rise in profits before tax of $1.11bn for the year to December 31st, up from $1.07bn in the previous year.
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