FTSE 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,
Read moreBroker snap: Investec disappointed with output at Tullow
11th Jan 2013 11:01
Investec has retained its 'sell' rating and 1,000p target price for oil giant Tullow following a production miss on Friday morning. Group working interest production last year averaged just 79,200 barrels of oil per day (bopd), below the company's own guidance of 80,000-84,000 bopd and Investec's 8
Read moreLondon open: Markets cautious after Chinese inflation figures
11th Jan 2013 08:24
UK markets opened tentatively on Friday morning, making only slight gains as investors digested inflation data in China and economic stimulus in Japan. Chinese inflation rose to 2.5% in December as cold weather resulted to a increase in food prices. "While the figure remains well below the inflatio
Read moreLondon pre-open: Small gains expected on FTSE
11th Jan 2013 07:30
City sources predict the FTSE 100 will open up eight points from yesterday's close of 6,102, tracking overnight gains in the US. Stocks were also boosted by a decision by Japanese Prime Minister, Shinzo Abe, to introduce a Y10.3tn ($116bn) economic stimulus package. The hope is that the package wi
Read moreTullow Oil comes up short in 2012 - UPDATE
11th Jan 2013 07:05
Oil titan Tullow missed production targets last year, while write-offs for unsuccessful drilling soared, causing shares to tank on Friday morning. Group working interest production last year averaged just 79,200 barrels of oil per day (bopd), below the forecast range of 80,000-84,000 bopd, due to t
Read moreFriday broker round-up UPDATE
11th Jan 2013 07:01
Aberdeen Asset Management: Credit Suisse raises target price from 380p to 410p reiterating an outperform rating. Afren: Deutsche Bank cuts target price from 175p to 165p stayling with its buy rating. Ashmore Group: Credit Suisse moves target price from 380p to 375p and downgrades to underperform.
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