Tullow 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
Read moreMonday broker round-up - UPDATE
19th Mar 2012 09:37
Antofagasta: Exane BNP Paribas upgrades from neutral to outperform, target lifted from 1,200p to 1,450p; Nomura cuts target to 1,500p from 1,650p, buy rating unchanged. AstraZeneca: Goldman Sachs cuts target from 3,350p to 3,306p, neutral rating kept. Barclays: UBS raises target from 240p to 272p,
Read moreLondon close: Footsie finishes strongly as banks, miners provide a lift
16th Mar 2012 16:47
- Footsie finishes the week up 1.4 per cent - Eurozone debt crisis eases, US data mixed - Essar closes up 10 per cent The Footsie finished the week strongly, closing not too far off the elusive 6,000 mark, with financials and miners making ground as tensions arising from the Eurozone's debt crisis
Read moreFTSE 100 movers: Lower gold price hits miners
16th Mar 2012 15:39
Polymetal and Randgold Resources both dropped lower, as gold prices took a hit. Polymetal continues to make headlines concerning the rumoured merger with Russian peer Polyus Gold, which is aiming to raise its free float to 25% (from 14%) in order to gain a long-awaited premium listing on the FTSE
Read moreLondon midday: Footsie extends gains, RBS leads the rise
16th Mar 2012 11:32
- RBS up over five per cent after upgrade - Tullow Oil strikes again off the coast of Ghana - Footsie up 1.4 per cent on the week The FTSE 100 was continuing to set new intraday highs by lunchtime, helped by a strong performance by financial and resource stocks. It has been a relatively quiet day f
Read moreLondon open: Financials gains, US data eyed
16th Mar 2012 08:52
- Financials stock, Tullow oil lead the rise on the Footsie - Barroso sees improvement in the Eurozone - Oil prices rebound London's blue chip index advanced in the opening hour on Friday on a relatively quiet day for company news. Investors will be looking ahead to industrial production and consum
Read moreLondon pre-open: Flat start for FTSE
16th Mar 2012 07:23
City sources predict the FTSE 100 will open down two points from yesterday's close of 5,941, ignoring strong gains in the US last night and holding onto gains made in recent months. EnQuest, the largest UK independent oil producer in the North Sea, has completed the acquisition of a stake in the K
Read moreTullow strikes again off the coast of Ghana
16th Mar 2012 07:01
Oil and gas firm Tullow, which released record results earlier this week, had more good news for shareholders with the successful drilling of an appraisal well off the coast of Ghana. The group said the Enyenra-4A appraisal well, in the deep-water Tano licence offshore Ghana, has successfully encou
Read moreLondon close: Miners drag Footsie into the red
14th Mar 2012 16:40
- Miners outweigh financials to drag Footsie lower - Fed expects 'moderate' growth in 2012 - Osborne considering 100-year gilts UK stocks finished the day slightly lower on Wednesday despite an earlier rise as steep falls in the mining sector offset a strong performance by the banks and insurers. T
Read moreBroker tips: Legal and General, Tullow Oil, Marston's
14th Mar 2012 12:06
Nomura has reiterated its buy recommendation and 180p target price for insurance group Legal and General after its 2011 results came in ahead of consensus expectations in key areas. Nomura says the focus of the results was on the dividend, which was raised by 35% to 6.4p, surpassing expectations of
Read moreLondon midday: Financials jump despite jobs data
14th Mar 2012 11:43
- UK unemployment on the rise - Banking stocks lifted by US stress test results - Legal and General beats forecasts in 2011 Stocks held on to earlier gains by lunchtime on Wednesday despite some gloomy jobs data. Financials were leading the rise, buoyed by the results of the stress tests in the US
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