London 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.
Read moreLondon midday: Markets subdued as focus turns to the BoE
13th Feb 2013 11:22
London's FTSE 100 index was still in negative territory by Wednesday lunchtime, albeit well off its intraday low, as all eyes turned to the Bank of England (BoE) and the release of its three-monthly inflation report. While Governor Sir Mervyn King admitted that output has been broadly flat for the
Read moreLondon open: Stocks open lower ahead of inflation report
13th Feb 2013 08:27
UK stocks opened moderately lower ahead of the Bank of England's (BoE's) inflation report due out at 10:30, as well as a number of important economic indicators elsewhere. "European stock markets are largely mixed Wednesday, staying in a tight range as traders tread carefully ahead of the G-20 meet
Read moreLondon pre-open: FTSE to drop as multiple stocks go ex-dividend
13th Feb 2013 07:31
City sources predict the FTSE 100 will open down 26 points from yesterday's close of 6,338, as a number of top tier companies went ex-dividend, including BP and Shell. The main US equity benchmarks finished Tuesday's session on a 'mixed' footing, ahead of last night's State of the Union address fr
Read moreTullow Oil reports jump in annual profits and revenues - UPDATE
13th Feb 2013 07:01
Oil and gas giant Tullow Oil on Wednesday posted a four per cent rise in annual profits, exceeding market expectations, on the back of strong sales and output. Profits before tax reached $1.11bn for the year to December 31st, up from $1.07bn the previous year - analysts from Investec were expecti
Read moreLondon midday: Banks pull Footsie into positive territory
12th Feb 2013 11:47
Stocks had pulled into positive territory by Tuesday lunchtime helped by strength in the banking sector as full-year results and the outcome of a strategic review at Barclays were well-received by the markets. Providing some support this morning was the news that credit ratings agency Standard & Po
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