London close: Stocks tank after US payrolls disappointment
4th May 2012 17:00
- US payrolls data sinks global markets - Eurozone services PMI revised lower - Miners lead fallers in London, RBS erases gains The early sell-off for the FTSE 100 accelerated in afternoon trade after the increase in US payrolls came in well below expectations fuelling a sell-off in global stock ma
Read moreFTSE 100 movers: RBS flying high on results update
4th May 2012 14:14
Nationalised lender Royal Bank of Scotland (RBS) was a high riser after its first-quarter results. The group is to repay the final tranche of notes issued under the government's Credit Guarantee Scheme (CGS) next week, after posting a profit of more than a billion pounds in the first three months of
Read moreLondon midday: Stocks lower before US non-farm payrolls
4th May 2012 12:10
- Miners drop on macro concerns, Australian growth - RBS rises after Q1 update - Markets await US non-farm payrolls The Footsie was firmly lower by Friday lunchtime as a sell-off in the mining sector outweighed a strong performance by the banks after some well-received results from Royal Bank of Sc
Read moreLondon open: Stocks fall but RBS bucks the trend
4th May 2012 08:29
- RBA cut GDP forecasts for 2012 - Markets await US non-farm payrolls - RBS rises after Q1 update, miners fall Miners dragged the Footsie into the red on Friday morning after Australia cut its economic growth forecast. Markets were showing caution ahead of non-farm payroll data due out in the US la
Read moreLondon pre-open: FTSE tracks US stocks lower
4th May 2012 07:31
City sources predict the FTSE 100 will open down 23 points from yesterday's close of 5,767, tracking US stocks lower ahead of US non-farm payrolls data for April. Bloomberg has estimated an increase of 160,000, while Goldman Sachs reckons on 125,000. Nationalised lender Royal Bank of Scotland (RB
Read moreTullow Oil abandons Ghanian well
4th May 2012 07:05
Oil giant Tullow has revealed disappointing results from the Teak-4A appraisal well in the West Cape Three Points Block, offshore Ghana. In a short statement, the group said that Teak-4A, in which it is a 26.396% parter, was drilled by operator Kosmos Energy and was drilled to a total depth of 2,85
Read moreFTSE 100 movers: Hargreaves Lansdown in top spot on record third quarter
19th Apr 2012 14:49
Hargreaves Lansdown, the financial services provider and asset management group, rose strongly after seeing a record level of Assets under Administration (AuA) in the three months to March 31st despite the tough macro-economic conditions. Engineer IMI was a high riser after Jefferies upgraded its r
Read moreTullow reports oil shows
19th Apr 2012 13:55
Oil and gas firm Tullow has announced that the Mercury-2 exploratory appraisal well in Sierra Leone and the Kosrou-1 exploration well in Côte d'Ivoire have both encountered water bearing reservoirs with oil shows. Tullow holds a 20% stake in Mercury and 22% in Kosrou. Angus McCoss, Exploration D
Read moreThursday broker round-up
12th Apr 2012 09:30
African Minerals: Jefferies keeps buy rating and 1,100p target. Aggreko: Investec maintains buy rating. Cairn Energy: Nomura cuts target from 500p to 434p, buy rating kept. Faroe Petroleum: Nomura cuts target from 213p to 209p, buy rating kept. FirstGroup: Jefferies downgrades from buy to hold,
Read moreLondon close: Footsie back above 5,900 after Bernanke comments
26th Mar 2012 16:44
- German confidence continues to improve - Merkel in favour of boosting firewall - Bernanke hints at continued support for economy London's blue chip index finished close to its intraday highs on Monday helped by positive news flow from Europe and remarks from the Federal Reserve. Stocks were rebou
Read moreTullow makes 'excellent' start in Kenya, finds oil in first well
26th Mar 2012 15:07
It seems as if Tullow Oil's exploration campaign in Kenya has got off to a pretty good start, with its first exploration well encountering more than 20 metres of net oil pay. The Ngamia-1 well, located in the Turkana Country of Kenya Block 10BB, is Tullow's first prospect to be tested as part of th
Read moreLondon close: Losses trimmed by news from Greece
19th Mar 2012 17:03
- Greek CDS auction finishes in line with expectations - Greece expects GDP to fall 4.5 per cent in 2012 and 0.5 per cent in 2013 - Markets await Wednesday's Budget The FTSE 100 finished only slightly in the red after a positive start on Wall Street, which saw UK stocks trim losses in afternoon tra
Read moreBroker tips: Tullow Oil, Misys, Copper miners
19th Mar 2012 12:28
Galvan Research and Trading has labelled Tullow Oil as a 'very strong buy' following last week's full-year results. "Ongoing good news and fresh oil discoveries in Africa just keep rolling in at Tullow Oil, while the solid gold fundamentals are backed by a near 500% rise in profits last year. On th
Read moreBroker snap: Tullow to hit 52-week highs in coming weeks, says Galvan
19th Mar 2012 12:26
Galvan Research and Trading has labelled Tullow Oil as a 'very strong buy' following last week's full-year results. Pre-tax profit for the 12 months ended December 31st surged by 499% from $179m to $1,073m on sales that jumped 111% from $1,090m to a record $2,304m. Working interest production incre
Read moreLondon midday: Losses pared but Footsie still down
19th Mar 2012 11:42
- Greece 'more than halfway' along path to recovery - Vodafone up on tax benefit reports from CWW takeover - Misys jumps on recommended bid from Vista Losses were halved by lunchtime but the Footsie still remained in the red on a relatively quiet day for company results and economic data. Markets a
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