FTSE 100 movers: ARM leaps after beating market expectations
25th Jul 2012 15:58
Cambridge-based computer chip designer ARM Holdings beat market expectations with its second-quarter results, as demand for its intellectual property continues to make it a British technology success story. Outsourcing behemoth Capita advanced after saying it is confident of growing revenue this y
Read moreLondon midday: Footsie rallies despite poor UK GDP
25th Jul 2012 11:45
- UK deeper in recession - ARM jumps after beating expectations - Footsie bulls into the blue The Footsie pulled into positive territory by Wednesday lunchtime in spite of some miserable economic growth data in the UK. UK gross domestic product (GDP) figures released by the Office for National Sta
Read moreLondon open: Footsie nears one-month low as results disappoint
25th Jul 2012 08:44
- UK Q2 GDP data coming out soon - Footsie nears one-month low - BT, Johnson Matthey, Tullow and BATS disappoint The FTSE 100 index looks set to experience its fourth straight day in the red as concerns over the Eurozone outlook continue to dampen equity markets worldwide; investors in London will
Read moreLondon pre-open: Stocks to fall ahead of GDP figure
25th Jul 2012 07:42
City sources predict the FTSE 100 will open down 25 points from yesterday's close of 5,499, pushed lower by a sell-off in both US and Asian markets as well as reports that UK GDP data out later today will show a contraction of 0.2 per cent in the June quarter. Tullow Oil has hailed an 'excellent'
Read moreTullow helped by higher volumes and sustained high prices
25th Jul 2012 07:12
Tullow Oil has hailed an 'excellent' first half, with revenues up by a tenth and profits up by a half, driven by increased production, sustained high oil prices and profit on a Uganda farm-down. Sales revenues increased by 10% from $1,062m o $1,167m in the six months to June 30th, helped mainly by
Read moreLondon close: Stocks rise on hopes for the US economy
18th Jul 2012 16:55
After a tentative start, stocks rallied on Wednesday afternoon on the back of some upbeat comments from Ben Bernanke, the Chairman of the US Federal Reserve. Meanwhile, markets gave a rather muted reaction to the minutes of the latest policy-making meeting in the UK. Bernanke, speaking on the secon
Read moreBroker snap: Credit Suisse ups Tullow target after Wawa discovery
18th Jul 2012 15:42
While Tullow Oil's Wawa-1 exploration well offshore Ghana was smaller than expected, Credit Suisse has raised its target price on the stock from 1,803p to 1,796p. Tullow announced on Wednesday morning that it had made a discovery at Wawa-1, after the well encountered 13m of net oil pay with samples
Read moreLondon midday: Stocks flat with central banks in focus
18th Jul 2012 11:48
- BoE could consider rate cut in future - UK unemployment falls - Bernanke comments will be closely watched The morning's gains were pared by Wednesday lunchtime as investors digested the minutes of the latest UK policy-makers' meeting and prepared for another testimony from Federal Reserve Chairm
Read moreLondon open: Stocks edge higher ahead of BoE minutes
18th Jul 2012 08:37
- MPC minutes due out shortly - Markets still digesting Bernanke comments - Fresnillo, Ashmore, Schroders lead the risers on the Footsie The FTSE 100 edged higher on Wednesday morning ahead of the Bank of England minutes due out shortly. Meanwhile, a well-received earnings report from Swiss banking
Read moreLondon pre-open: FTSE to take lead from US ahead of jobless data
18th Jul 2012 07:27
City sources predict the FTSE 100 will open up 11 points from yesterday's close of 5,629, taking its lead from gains seen in the US as investors await further direction from the latest UK jobless data and the publication of the minutes of the last Bank of England MPC meeting. Oil and gas giant Tu
Read moreTullow optimistic after oil find offshore Ghana
18th Jul 2012 07:08
Oil and gas giant Tullow has found oil and gas-condensate at its Wawa-1 well offshore Ghana, the first of three important remaining exploration wells to be drilled in the second half of 2012. This will be welcomed news for the company's shareholders who were disappointed on Monday after the firm sa
Read moreTuesday broker round-up
17th Jul 2012 08:15
ARM: Citigroup cuts target from 730p to 600p, buy recommendation maintained. AstraZeneca: Bernstein reduces target from 3,037p to 3,002p, market perform rating kept. Beazley: JP Morgan Cazenove raises target from 147p to 155p, neutral rating kept. Bodycote: JP Morgan Cazenove cuts target from 437
Read moreLondon close: Global growth concerns weigh on stocks
16th Jul 2012 16:39
- China's Wen dampens sentiment - IMF cuts global growth forecast - G4S, Tullow, Sage and Barclays lead the fallers The FTSE 100 finished flat on Monday as a late burst of buying helped the benchmark index recover some of its earlier losses on the back of concerns over the global economic outlook.
Read moreTullow Oil abandons Guyanese well due to safety concerns
16th Jul 2012 14:00
Shares in Tullow Oil took a tumble on Monday afternoon after the group announced that it has plugged and abandoned a well in Guyana due to safety concerns. The Jaguar-1 well in the Georgetown Block, offshore Guyana in which it has a 30% interest, drilled to a depth of 4,876 metres without reaching
Read moreSunday newspaper round-up: RBS, Glaxo, National Grid
15th Jul 2012 15:34
Two powerful private equity consortiums are secretly planning to bid for Direct Line, the giant insurer owned by Royal Bank of Scotland ? a move that would scupper a planned float. RBS is expected to push the button on a London listing of Direct Line in September. Two American buyout giants, Blackst
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