London 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
Read moreLondon 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
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