Tullow 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
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
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