London 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
Read moreLondon midday: Markets nervous ahead of ECB decision
5th Sep 2012 11:38
- All eyes on ECB meeting - Concerns about China, Japan and Australia weigh on sentiment - Britvic in merger talks with AG Barr The FTSE 100 was well off its intraday low by Wednesday lunchtime but still firmly in the red as investors continued to fret about the upcoming policy decision in Europe t
Read moreLondon open: BP and ex-div stocks provide a drag early on
5th Sep 2012 08:34
- ECB meeting eyed - Australian, Chinese data disappoints - BP, ex-div stocks weigh on Footsie Following a 1.5 per cent fall for the Footsie the day before, UK stocks opened lower once again on Wednesday morning with investors likely to remain cautious ahead of tomorrow's eagerly anticipated Europe
Read moreBroker snap: Action-packed year ahead for E&Ps, says Credit Suisse
28th Aug 2012 09:56
Credit Suisse has highlighted Ophir Energy as its focus list stock in its sector review of oil and gas explorers and producers (E and Ps). "We continue to favour select E&P names in Europe. The emphasis is on the 'E' that provides for uncorrelated returns via the drillbit, as activity looks set to
Read moreAgiterra ups production estimate on South Omo block
24th Aug 2012 14:04
Agriterra, an AIM-listed pan-African agricultural company, pleased investors after reporting a production estimate of 2,700m barrels on the South Omo block in Ethiopia, in which the firm holds a one-fifth working interest. The estimate follows an independent assessment of the area, which covers 29
Read moreMonday broker round-up
13th Aug 2012 08:16
AMEC: HSBC cuts target from 1,280p to 1,275p, overweight rating kept. Aviva: Exane BNP Paribas downgrades to neutral. British American Tobacco: Nomura keeps buy rating and 3,390p target. British Land: JPMorgan Cazenove ups target from 560p to 610p, overweight rating kept. BSkyB: Nomura maintains
Read moreFTSE 100 movers: Barclays profits beat expectations
27th Jul 2012 16:11
A contrite Marcus Agius, Chairman of under-fire bank Barclays, apologised for the company's involvement in the LIBOR fixing scandal as he unveiled half-year profits ahead of market expectations, causing shares to climb into the top spot. Adjusted profit before tax in the first half of 2012 rose 13
Read moreLondon midday: Stocks flat in Draghi aftermath
27th Jul 2012 11:37
- Markets still digesting Draghi's comments - Barclays leads the risers on the Footsie after first-half beat - 'Fiscal-cliff' worries weigh on sentiment London's stocks swung between gains and losses on Friday morning and were trading broadly flat by lunchtime, as investors continue to ponder over
Read moreFriday broker round-up -UPDATE
27th Jul 2012 09:54
African Minerals: Goldman Sachs upgrades to buy. AG Barr: Investec reiterates buy recommendation and 485p target; Shore Capital downgrades to hold; N+1 Brewing downgrades to hold. AstraZeneca: Nordea downgrades to sell. Barclays: Investec maintains buy rating and 240p target. BG Group: UBS cuts
Read moreLondon open: Stocks edge higher, Barclays in demand
27th Jul 2012 09:00
- Peripheral bond yields ease - Markets still digesting Draghi comments - Barclays up after first-half beat The Footsie edged higher in early trading on Friday with Barclays providing a lift after its interim results. Markets were still reacting to yesterday's comments by Mario Draghi, who said tha
Read moreLondon close: US data halts rally late on
25th Jul 2012 16:25
- Gains pared after US housing data - Markets shrug off UK GDP, rise on Nowotny comments - ARM surges after Q2 results; Tullow disappoints in H1 Markets seemed to shrug off disappointing UK economic growth data this morning as they warmed to comments from a European Central Bank (ECB) policy-maker;
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