FTSE 100 movers: Wood Group falls as update comes in mixed
13th Dec 2012 15:48
Energy services giant Wood Group fell after it reported mixed trading in its Upstream division and despite saying it expects to deliver good growth this year, with overall conditions in energy markets remaining 'favourable'. AstraZeneca fell after revealing that its experimental drug for rheumatoi
Read moreLondon close: Stocks rise as investors await the FOMC
12th Dec 2012 16:59
UK stocks finished Wednesday's session with decent gains, extending its recent winning streak into its sixth day, with investors widely expecting the US Federal Reserve to reveal more stimulus measures in the coming hours. The Footsie closed at its highest level since March 19th when it finished th
Read moreFTSE 100 movers: Resources lifted by rising metal prices
12th Dec 2012 14:55
Resource stocks were leading the way on the FTSE by the afternoon on Wednesday, boosted by rising metal prices and hopes that US law-makers can come to an arrangement over the impending 'fiscal cliff'. Optimism was sparked at the weekend following President Barack Obama and House Speaker John Boeh
Read moreBroker tips: Tullow, Diageo, Imagination Technologies
12th Dec 2012 12:35
Credit Suisse has downgraded its rating for oil giant Tullow from 'outperform' to 'neutral', saying that it may take some time for investor confidence to return. "While we admire TLW's ability to access acreage and its attractive exploration portfolio, where we see several 'big' opportunities to po
Read moreLondon midday: Stocks pull into the blue
12th Dec 2012 11:33
The FTSE 100 had pulled into positive territory by Wednesday lunchtime, extending its recent winning streak into its sixth day, but the mood was cautious ahead of the conclusion of the Federal Reserve policy meeting later today. The Federal Open Market Committee (FOMC) meeting is widely expected to
Read moreBroker snap: Credit Suisse downgrades Tullow after recent disappointments
12th Dec 2012 09:10
Credit Suisse has downgraded its rating for oil giant Tullow from 'outperform' to 'neutral', saying that it may take some time for investor confidence to return. "The past few weeks have hit investor confidence in TLW shares, especially its ability with the drill bit, and the investment case largel
Read moreLondon open: Stocks flat ahead of Fed meeting
12th Dec 2012 08:23
The Footsie opened flat on Wednesday morning after hitting a nine-month high the day before, with investors showing caution ahead of the conclusion of the Federal Reserve policy meeting later today. The blue-chip index closed yesterday's session at 5,925, following five days of straight gains. The
Read moreWednesday broker round-up UPDATE
12th Dec 2012 07:25
AMEC: Credit Suisse reduces target price from 1300p to 1250p reiterating an outperform rating. Anglo American: Barclays upgrades to equal-weight with a target price of 1970p. Ashtead Group: Barclays raises target price from 352p to 434p and reiterates an overweight rating. ASOS: HSBC raises targe
Read moreLondon close: 'Fiscal cliff' hopes lift markets
11th Dec 2012 16:56
- Fiscal cliff optimism increases ahead of FOMC - German ZEW smashes expectations - Tullow drops 8.4 per cent After a weak start, the FTSE 100 finished Tuesday's session with slight gains on the back of increasing optimism about the 'fiscal cliff', as well as a better-than-expected reading of Germa
Read moreFTSE 100 movers: Tullow drops after Ghanaian well update
11th Dec 2012 14:24
Oil giant Tullow tanked on Tuesday after revealing that its Okure-1 exploration well offshore Ghana had encountered 'low net to gross oil bearing reservoir in a secondary objective'. The markets seemed to shrug off its other announcement that it plans to buy Norwegian exploration group Spring Ener
Read moreLondon midday: Footsie at nine-month high after German ZEW data
11th Dec 2012 11:51
- German ZEW surges in December - Whitbread impresses with Q3, Tullow drops - Footsie at highest since March After a subdued start, a much better-than-expected reading of German sentiment boosted buying this morning, sending the FTSE 100 to a nine-month high by Tuesday lunchtime. The Footsie is no
Read moreBroker tips: BHP Billiton, Tullow, Whitbread
11th Dec 2012 11:12
Nomura has labelled BHP Billiton as its preferred name in the global metals and mining industry, reiterating its 'buy' recommendation and 2,350p target price for the shares. "We believe it is time for a change of mindset in terms of how many in the market view the sector. Although we think trading
Read moreBroker snap: Jefferies highlights Tullow's potential for 2013
11th Dec 2012 10:56
Jefferies has reiterated its 'buy' rating and 1,800p target price for oil giant Tullow, saying that the company has 'material' exploration potential in 2013. The company announced on Tuesday morning that it has acquired Norwegian explorer Spring Energy and plans to dispose of its UK and Dutch North
Read moreLondon open: Stocks cautious ahead of German ZEW data
11th Dec 2012 08:33
The FTSE 100 index started Tuesday's session cautiously with just 12 points separating the intraday low and high in the opening hour as the focus remains fixed on Mario Monti and 'fiscal cliff' discussions in the US. However, with little significant economic data scheduled for today's session, all
Read moreTullow to buy Spring Energy and dispose of North Sea gas assets
11th Dec 2012 07:51
London-listed oil titan Tullow has said that it is to buy Norwegian exploration group Spring Energy Norway, as it announced that it will begin disposing of its non-core gas assets in the North Sea. The firm is paying $372.3m for Oslo-based Spring, which holds 28 offshore licences across Norway's co
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