London open: Stocks rise on stimulus hopes
7th Jun 2012 08:35
- Eyes on Spanish auction - Central bank stimulus speculation boosts stocks - MPC to reveal rate decision at noon UK stocks headed higher on Thursday morning ahead of a crucial bond auction in Spain later on today; meanwhile speculation of central bank stimulus at home and abroad lifted sentiment e
Read moreLondon pre-open: FTSE to extend Wednesday's gains
7th Jun 2012 07:39
City sources predict the FTSE 100 will open up 29 points from yesterday's close of 5,384, tracking both US and Asian stocks higher. Telecoms peers Vodafone and Telefonica are to create one national grid in the UK running each operator's independent spectrum by pooling the basic parts of their net
Read moreTullow encouraged after oil find in Africa
7th Jun 2012 07:07
Tullow Oil's Paon-1X exploration well offshore Côte d'Ivoire has found good quality light oil in a Turonian fan system, the oil and gas company announced on Thursday morning. The well is the first deepwater exploration well drilled in licence CI-103, in which Tullow operates and owns a 45% interest
Read moreLondon midday: Manufacturing figures pressure markets lower
1st Jun 2012 11:31
- Manufacturing PMIs in UK, Eurozone, China fall - Eyes on US payrolls - BP jumps on TNK-BP sale After a bright start early on, London's blue chip index had dropped into the red by Friday lunchtime after a barrage of disappointing manufacturing data dampened market sentiment. Manufacturing purchas
Read moreFTSE 100 movers: IHG firmly in top spot on speculation
31st May 2012 14:53
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group (IHG) climbed to the top spot on the back of M&A speculation, with analyst at Numis earlier this week speculating about a possible tie-up with sector peer Marriott. More fuel was added to the rumours today after activist investor Nelso
Read moreLondon midday: IHG leads stocks higher
31st May 2012 11:45
- IHG jumps on M and A speculation - Logica soars after CGI bid - Stocks rise but eyes still focus on Eurozone Stocks had held on to early gains by Thursday lunchtime as the Footsie attempted to rebound from heavy falls the day before; concerns over Spain and its financial system sent stocks tumbli
Read moreBroker tips: Tullow, Wolseley, London and Stamford
30th May 2012 11:28
Credit Suisse has reiterated its outperform rating and 1,841p target price for oil giant Tullow, highlighting developments in Guyana and undervalued operations elsewhere. The wildcat Jaguar-1 well in Guyana is "looking good", according to operator Repsol, which sends an encouraging message to 30% s
Read moreBroker snap: Credit Suisse highlights potential at Tullow
30th May 2012 11:14
Credit Suisse has reiterated its outperform rating and 1,841p target price for oil giant Tullow, highlighting developments in Guyana and undervalued operations elsewhere. The wildcat Jaguar-1 well in Guyana is "looking good", according to operator Repsol, which sends an encouraging message to 30% s
Read moreWednesday broker round-up
30th May 2012 09:31
Aberdeen: UBS cuts target from 340p to 300p, buy rating unchanged. Ashmore: UBS cuts target from 420p to 380p, buy rating unchanged. AVEVA: Merchant Securities raises target from 1,800p to 1,850p, buy rating unchanged. Centrica: Nomura cuts target from 355p to 320p, neutral rating kept. Drax: No
Read moreLondon close: Stocks rally after strong start in US
29th May 2012 16:29
-US markets provide a lift after long weekend -Chinese optimism lifts resource stocks -Greggs celebrates pasty tax U-turn With US stocks starting on the front foot following a long weekend, London's blue-chip equities were given a boost helping the Footsie to rally in afternoon trade. Investors St
Read moreLondon open: Stocks rise on Greek hopes
28th May 2012 09:00
- Support for New Democracy increases - Some European, US markets closed today - Miners gain on increased risk appetite London's blue-chip index advanced in early trading on Monday as sentiment improved on the back of the polls in Greece which showed that the pro-bailout party was in the lead. Sev
Read moreLondon close: Footsie finishes higher after late rally
25th May 2012 17:00
- Consumers upbeat in US, Germany - Germany adviser says Greek bailout terms should be changed - Greek uncertainty still apparent The FTSE 100 rallied to close slightly higher on Friday, helped by some positive consumer confidence data in the US and Germany, but gains were limited as the focus cont
Read moreTullow finds oil in Kenyan well
25th May 2012 16:03
Irish oil and gas giant Tullow Oil saw shares rise on Friday afternoon after letting slip at an investor meeting that its Ngamia-1 well in Kenya was making good progress. After talking with certain investors in Nairobi, the company "inadvertently indicated" that the well was drilling into the prima
Read moreTullow gushes over excellent start to the year
16th May 2012 14:03
After a series of successful oil discoveries oil giant Tullow was sounding understandably pleased with itself in its interim management statement. The group said it is confident of delivering further significant growth in 2012 after what it called an excellent start to the year. West & North Afri
Read moreLondon pre-open: Another big sell-off expected in morning trading
16th May 2012 07:42
City sources predict the FTSE 100 will open down 79 points from yesterday's close of 5,438, extending the week's losses after failed coalition talks in Greece, forcing the country to hold new elections. Oil giant Tullow said it is confident of delivering further significant growth in 2012 after w
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