London open: Stocks fall ahead of key US jobs data
2nd Nov 2012 08:48
The FTSE 100 opened slightly lower on Friday morning following a strong rise the day before, as investors showed caution ahead of some pivotal economic data due out across the Pond later today. Financial trader Shavaz Dhalla from Spreadex said that investors are nervous about taking on too much ris
Read moreFriday broker round-up
2nd Nov 2012 08:18
Associated British Foods: Panmure Gordon keeps hold rating and 1,300p target. Balfour Beatty: Goldman Sachs downgrades to neutral, target cut from 330p to 322p. BG Group: Deutsche Bank downgrades to hold, target cut from 1,700p to 1,350p; Liberum Capital downgrades to hold. British Sky Broadcasti
Read moreLondon close: Sandy aftermath and Eurozone concerns sink stocks
31st Oct 2012 16:37
The resumption of trading on Wall Street after a two-day closure and a meeting of Eurozone finance ministers was enough to weigh on London's stock market on Wednesday, not to mention some sharp falls from heavy hitters BG Group and Barclays. US benchmarks re-opened in the red today after Hurricane
Read moreFTSE 100 movers: BG dives after slashing production guidance
31st Oct 2012 15:27
BG Group shocked the market today by cutting back production guidance as a result of a number of delays to project start-ups. It now expects full-year production will be just three per cent higher than in 2011, while 2013 output is not expected to show any growth at all. The firm also announced th
Read moreLondon midday: BG and Barclays provide a drag on the Footsie
31st Oct 2012 11:48
- BG drops nearly 20 per cent after cutting guidance - Barclays disappoints with Q3 results - US markets to re-open following two-day closure After a stable start, the FTSE 100 had dropped into negative territory by Wednesday lunchtime, with heavy falls from BG Group and Barclays providing a drag o
Read moreTullow rises after Kenyan oil find
31st Oct 2012 11:14
Shares in oil and gas producer Tullow Oil surged after the firm announcing that its Twiga South-1 exploration well onshore Kenya Block 13T has successfully encountered oil. Following media speculation in Kenya the firm said released a press release on Wednesday morning confirming the find, spurring
Read moreLondon midday: Hargreaves leads risers in morning trade
15th Oct 2012 11:30
- Chinese export data beats forecasts - Eyes on Greece and Spain - Hargreaves Lansdown extends gains. Better-than-expected Chinese export data and hopes for the Eurozone were lifting stocks on Monday morning, with the Footsie up 0.5 per cent by lunchtime. Chinese exports increased at an annual rat
Read moreLondon open: Chinese export data lifts stocks
15th Oct 2012 08:41
- Stocks gain as Chinese exports beat forecasts - EU summit in focus - Goldman downgrades several UK-listed miners UK stocks edged higher in early trading on Monday on the back of some robust export data from China, though gains were only modest as uncertainty in the Eurozone continues to be a drag
Read moreLondon pre-open: Eurozone uncertainty to hit stocks early on
15th Oct 2012 07:23
London's FTSE 100 index is expected to open slightly lower on Monday morning on the back of concerns over Eurozone finances. City sources predict that the Footsie will open down around eight points from Friday's close of 5,793. "Corporate earnings are likely to take a back seat this week ahead of
Read moreTullow farms in to Tooq licence off coast of Greenland
15th Oct 2012 07:07
Irish oil titan Tullow Oil is to take a stake in Block 9 (Tooq licence), Baffin Bay, north-western Greenland, which is operated by Maersk Oil. Tullow will take a 40% stake, putting its interest just behind Maersk's at 47.5%; Greenland's state oil company, Nunaoil, holds the remaining interest in th
Read moreLondon close: Footsie shrugs off Burberry fall to finish flat
11th Sep 2012 16:34
- Burberry sinks 21 per cent after profit warning - Markets flat ahead of 'event-risks' - Moody's says US rating at risk Following a morning slump, the FTSE 100 rallied in afternoon trade to finish broadly flat on Tuesday as a strong showing by banks managed to offset a heavy fall from Burberry. T
Read moreTullow Oil abandons deeper Kenyan well
11th Sep 2012 15:38
Tullow Oil said attempts to find more gas at its Mbawa-1 exploration well in Kenya had met with failure. The FTSE 100 explorer previously announced drilling at the offshore well had encountered 52 metres of net gas pay in the primary target. However, an attempt to find deeper pockets of hydrocarb
Read moreTullow discovers hydrocarbons in Kenya
10th Sep 2012 07:19
Tullow Oil has discovered gas at an exploration well in the L8 Licence area, the first hydrocarbon discovery offshore Kenya. In a very brief statement on Monday morning, the company said that the Mbawa-1 exploration well was drilled to a depth of 2,553 metres and encountered around 52 metres of net
Read moreSunday share tips: BP, Vp, Tullow Oil
9th Sep 2012 16:42
Last week, the US Department of Justice (DoJ) talked tough in relation to BP's Gulf of Mexico oil spill. Any final settlement now looks further away. In a statement during the civil case in a Louisiana court, the DoJ accused BP of gross negligence or wilful misconduct. Credit Suisse has calculated t
Read moreLondon close: Footsie at five-week low ahead of ECB decision
5th Sep 2012 16:17
- FTSE 100 closes at lowest level since late July - Eurozone newsflow mixed ahead of ECB meeting - Global slowdown fears weigh on sentiment Mixed remarks from Eurozone officials prompted a volatile day of trade on London's stock market on Wednesday as eyes remain fixed on tomorrow's policy rate dec
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