Tullow Oil hails excellent start
16th May 2012 07:01
Oil giant Tullow said it is confident of delivering further significant growth in 2012 after what it called an excellent start to the year. Year to date financials are in line with expectations, the board said, adding that capital expenditure for 2012 is expected to be in the region of US$2.0bn thi
Read moreLondon close: Footsie sets new 2012-low on Greek concerns
14th May 2012 16:27
- Footsie closes at levels not seen since mid-December - Potential Greek exit from euro hammers stocks - Banks, miners the worst performers in London The FTSE 100 closed at its lowest levels in the year-to-date on Monday as investors speculated about what a disorderly exit of Greece from the Eurozo
Read moreFTSE 100 movers: Banks and miners take a hit
14th May 2012 14:05
Lloyds, Barclays and RBS were the among the worst-performing stocks in London "as investors are concerned about the losses other banks have incurred 'hedging their risk' following the 2bn dollar loss by JP Morgan Chase & Co", Alpari's Erlam said. HSBC was also out of favour after announcing that the
Read moreLondon close: US jobless data sparks late rally
10th May 2012 16:59
- US jobless claims boost buying late on - BoE keeps interest rates, QE unchanged - Miners shrug off China data as Greek concerns ease London's blue chips rallied in afternoon trade on Thursday after some better-than-expected US economic data and easing concerns about Greece helped to snap a three-
Read moreTullow non-exec makes double purchase following oil discovery
10th May 2012 16:00
Simon Thompson, a Non-Executive Director of FTSE 100 resources company Tullow Oil, has added 8,419 shares to his stake in the firm following its announcement of a recent discovery. The discovery saw the company source further oil in the first exploration well at one of its Kenyan projects, increasi
Read moreLondon close: Footsie drops to 2012-low on euro uncertainty
8th May 2012 16:26
- Global stock markets plunge on Greek uncertainty - Footsie sinks to 19-week low - Miners lead the sell-off in London An early sell-off in New York sent UK stocks reeling on Tuesday afternoon, pushing the Footsie to its lowest closing level in 2012 so far. Political uncertainty in the Eurozone tod
Read moreFTSE 100 movers: Tullow up on oil find as miners sink
8th May 2012 13:59
Tullow Oil jumped after it discovered further oil in the first exploration well at one of its Kenyan projects, increasing its potential 'significantly'. Following an announcement in March that the well had encountered in excess of 20m of net oil pay, the well was then deepened from 1,041m to 1,515m
Read moreLondon midday: Miners pull Footsie lower, Eurozone in focus
8th May 2012 11:33
- European elections cast a shadow over the market - Miners track metals prices lower - Aviva, Tullow on the rise Political uncertainty in Europe and falling metals prices meant that London-listed miners were the worst performers of the day by Tuesday lunchtime, pulling the FTSE 100 index firmly in
Read moreBroker tips: Tullow, Sage, Morgan Crucible
8th May 2012 11:30
Credit Suisse has raised its target price for Tullow Oil after the company revealed this morning that it has found more oil at one of its exploration wells in Kenya. "Another positive update on Ngamia-1 in Kenya. This is earlier than expected, and we like what we read," the broker said, adding that
Read moreBroker snap: Credit Suisse ups target for Tullow after Kenya find
8th May 2012 09:33
Credit Suisse has raised its target price for Tullow Oil after the company revealed this morning that it has found more oil at one of its exploration wells in Kenya. The Ngamia-1 well, located in the Turkana Country of Kenya Block 10BB, is the oil company's first prospect to be tested as part of th
Read moreLondon open: Stocks flat with political uncertainty in focus
8th May 2012 08:40
- Greek and French elections raise concerns - Aviva up after CEO departure - Tullow rises after further oil find in Kenya After a long weekend, London's blue chips opened broadly flat on Tuesday morning with political concerns in Europe weighing on sentiment. Antonis Samaras from Greece's biggest
Read moreTuesday broker round-up
8th May 2012 08:35
Balfour Beatty: Investec keeps sell rating and gives new target of 210p. BP: Barclays downgrades from neutral to underweight. Ladbrokes: Nomura maintains neutral stance and 150p target. Morgan Crucible: Jefferies reiterates buy recommendation and 365p target. Rentokil Initial: Jefferies upgrades
Read moreLondon pre-open: FTSE to suffer slight drop in early trading
8th May 2012 07:31
City sources predict the FTSE 100 will open down eight points from Friday's close of 5,655, following the UK bank holiday weekend which saw polital uncertainty resurface in Europe following the Greek and French elections. Andrew Moss, the Chief Executive Officer of insurance giant Aviva, has taken
Read moreTullow discovers more oil in first Kenyan well
8th May 2012 07:06
Tullow Oil has discovered further oil in the first exploration well at one of its Kenyan projects, increasing its potential 'significantly', the group said on Tuesday. The Ngamia-1 well, located in the Turkana Country of Kenya Block 10BB, is the oil company's first prospect to be tested as part of
Read moreTuesday newspaper round-up: Euro, Tullow, Google
8th May 2012 07:02
Post-election chaos in Greece provoked new fears last night that the debt-ravaged nation would not keep its commitments to Europe and may be forced out of the euro. A day after Greeks voted overwhelmingly against further austerity, the Athens stock-market plunged, and Citibank said that there was no
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