London open: Stocks flat despite banking strength
12th Feb 2013 08:28
UK stocks opened broadly flat on Tuesday morning ahead of some UK inflation data, with markets pausing for breath after a strong rise in the year to date. The FTSE 100 had a subdued day yesterday on the back of a lack of economic news and low trading volumes, partly owing to the closure of Asian ma
Read moreTullow Oil updates market on Ghana operations
12th Feb 2013 07:30
Oil and gas exploration company Tullow Oil has ackowledged disclosures relating to its offshore Ghana mining operations by Kosmos Energy in association with a secondary offering for Kosmos shares. US explorer Kosmos Energy reported that in January: "The company relinquished the discovery area asso
Read moreThursday broker round-up UPDATE
31st Jan 2013 07:07
Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant
Read moreSunday share tips: Tullow Oil, AstraZeneca, Aviva
27th Jan 2013 17:20
It may be time for Aidan Heavey to step aside at Tullow Oil. The former accountant, 59, is rightly feted as one of the oil industry's great entrepreneurs. Beginning with a tiny start-up in 1986 the Irishman turned Tullow into one of the most successful explorers in the world. Its 10.7bn pound market
Read moreLondon close: Stocks lifted by upbeat US earnings
23rd Jan 2013 17:05
London's FTSE 100 finished with moderate gains on Wednesday afternoon ahead of a key vote over the potential extension of the debt ceiling Stateside, as some decent results from US bellwethers Google, McDonald's and IBM lifted sentiment across stock markets worldwide. The US House of Representative
Read moreFTSE 100 movers: Tullow Oil and Unilever lead the way
23rd Jan 2013 14:51
Tullow Oil, Unilever and Marks & Spencer were at the top of the FTSE 100 game on Wednesday. Tullow Oil led the race, a day after the company said it completed the acquisition of Spring Energy Norway AS. The group announced that the acquisition had already brought success for Tullow. Also to be had
Read moreLondon open: Markets down as BoJ disappoints
22nd Jan 2013 08:35
UK stocks opened slightly lower on Tuesday morning after the Bank of Japan's (BoJ) policy announcement overnight failed to live up to expectations. After a two-day meeting, the BoJ set a 2.0% inflation target and pledged to embark on a Fed-style unlimited asset purchase programme. Meanwhile, the ce
Read moreTullow Oil completes acquisition of Spring Energy Norway
22nd Jan 2013 07:27
Tullow Oil has completed its acquisition of Spring Energy Norway AS, the company announced on Tuesday morning. Roar Tessem, Spring's Chief Executive Officer, will be Managing Director of Tullow's Norwegian companies and will have responsibility for Tullow's assets offshore Norway and Greenland. Th
Read moreFriday broker round-up UPDATE
18th Jan 2013 07:53
Aberdeen Asset Management: UBS ups target price from 370p to 440p maintaining a buy rating. JP Morgan shifts target price from 479p to 498p and keeps an overweight rating. Numis raises target price from 400p to 430p, while its add rating remains unchanged. Afren: Nomura cuts target price from 185p
Read moreTuesday broker round-up UPDATE
15th Jan 2013 07:17
African Barrick Gold: Investec lowers its target price from 526p to 405p, while upgrading from hold to buy. ARM Holdings: Morgan Stanley raises its target price from 725p to 911p, while downgrading to equal-weight. Investec ups target price from 800p to 900p and downgrades from buy to hold. Aurum
Read moreMonday broker round-up UPDATE
14th Jan 2013 06:57
Aberdeen Asset Management: JP Morgan ups target price from 414p to 479p and retains an overweight rating. HSBC downgrades to neutral. Aggreko: UBS cuts target price from 2350p to 2250p maintaining a buy rating. ARM Holdings: Piper Jaffray downgrade to neutral. Ashmore Group: JP Morgan shifts ta
Read moreLondon close: Markets end the week with slight gains
11th Jan 2013 17:04
- Japan launches new stimulus package - Chinese inflation rises in December - Tullow misses production forecasts in 2012 UK stocks finished with slight gains on Friday on the back of plans for economic stimulus in Japan, as markets were able to shrug off some weakness in the mining sector. The F
Read moreFTSE 100 movers: IAG performs strongly after upgrade
11th Jan 2013 14:31
British Airways and Iberia owner IAG was in demand throughout the day after UBS upgraded the stock from 'neutral' to 'buy', following its underperformance against other European airline shares under the broker's coverage. "We think that IAG could be the laggard most likely to outperform in 2013 sh
Read moreLondon midday: Stocks rise as Japan attempts to boost growth
11th Jan 2013 11:31
- Japan launches new stimulus package - Chinese inflation rises in December - UK production misses the mark in November Markets were making small gains on Friday morning as hopes for the Japanese economy offset concerns about price rises in China and a downbeat reading of UK production. News from
Read moreBroker tips: Tullow, Schroders, IAG
11th Jan 2013 11:04
Investec has retained its 'sell' rating and 1,000p target price for oil giant Tullow following a production miss on Friday morning. The broker said: "This morning's trading update delivered disappointing production figures for Tullow and underlined our view that it may not attain production of 100,
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