London 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
Read moreTullow 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
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