Broker snap: Tullow is an 'explosive momentum growth play', says Prime Markets
14th Mar 2012 11:23
Prime Markets remains a buyer of oil and gas giant Tullow Oil after its impressive full-year results, saying that the stage is set for further growth. "Shares have been in a flat to rising trend channel since October 2011, with lower resistance currently supported by the rising 100-day moving avera
Read moreLondon open: Legal and General leads the Footsie higher
14th Mar 2012 08:28
- Legal and General jumps five per cent after solid 2011 - Majority of US banks pass stress tests - Osborne considering 100-year gilts London's blue chips rose strongly on Wednesday morning, led by financial stocks, following on from a surge on Wall Street last night. The Footsie opened up at level
Read moreLondon pre-open: FTSE to continue its winning streak
14th Mar 2012 07:29
City sources predict the FTSE 100 will open up 21 points from yesterday's close of 5,956, with investor sentiment boosted after stocks surged in the US and Fitch announced an upgrade of its rating for Greece out of default territory. All four of insurance leviathan Legal and General's operating b
Read moreTullow Oil celebrates record year as profits rocket - UPDATE
14th Mar 2012 07:06
Pre-tax profit at Africa-focused oil and gas giant Tullow Oil broke through the billion dollar barrier in 2011, helped by a ramp-up in production and significantly higher commodity prices. "2011 was a very good year for Tullow. Industry leading exploration success continued with the opening of a ma
Read moreLondon close: Stocks finish up, China and Eurogroup in focus
12th Mar 2012 16:34
- Stocks jump into the blue late on - China records worse-than-expected trade deficit - Resource stocks fall on Chinese demand concerns London's blue chip index managed to finish the day in positive territory despite swinging between gains and losses for most of the session. Concerns over the globa
Read moreLondon close: Stocks rise as Greece secures bailout
9th Mar 2012 16:43
- 85.8 per cent of private creditors accept Greek bond-swap - Juncker says that bailout conditions have been met - Aggreko leads the rise after results After a subdued start, the Footsie jumped into the blue in afternoon trade on Friday, after Eurogroup President Jean-Claude Juncker said that the G
Read moreLondon midday: Lacklustre reaction to Greek debt-swap
9th Mar 2012 11:36
- 85.8 per cent of private creditors accept Greek bond-swap. - Merkel 'pleased' with high participation. - Broker downgrades take their toll on miners, oil stocks. The FTSE 100 index was trading just a few points lower by midday as Greece's crucial debt-swap deal failed to inspire confidence in th
Read moreFriday broker round-up - UPDATE
2nd Mar 2012 09:28
Man Group: UBS raises target from 160p to 165p, buy rating unchanged. WPP: UBS ups target from 840p to 920p, buy rating kept. Standard Chartered: AlphaValue downgrades from reduce to sell, price target upped from 1,413.8p to 1,425.9p. IMI: Panmure Gordon keeps buy rating and 1,020p target. Cairn
Read moreLondon close: Stocks slip as doubts remain over Greece
21st Feb 2012 16:32
- Doubts still remain over Greek despite €130bn bailout. - Vedanta jumps on speculation of restructuring. - Kenmare rises on takeover rumours. London's blue chip index finished the day slightly lower as last night's approval by Eurozone finance ministers to grant Greece its next aid package underwh
Read moreFTSE 100 movers: Tullow drips into bottom spot
21st Feb 2012 14:14
Tullow Oil was among the worst performers after the firm said that while it has discovered hydrocarbons at an exploration well offshore Sierra Leone, the area where it has found oil "is likely to require additional evaluation". While Tullow's Exploration Director Angus McCoss says the results are
Read moreLondon midday: Stocks continue to fall after Greek bailout
21st Feb 2012 12:01
- Eurogroup approves Greek bailout. - Oil stocks drag Footsie lower. - Tullow Oil drops despite oil find in Sierra Leone. London's benchmark index was trading close to its intraday low at midday as investors pondered the future of the Eurozone following last night's Eurogroup approval of the next t
Read moreLondon open: Stocks slip after Greek bailout approval
21st Feb 2012 08:19
- Eurogroup approves Greek bailout. - Euro strengthens after announcement. - Footsie slips early on with oil stocks weighing on index. Despite Eurozone finance ministers doing what many had expected by approving the next tranche of aid for Greece, the Footsie opened moderately lower on Tuesday morn
Read moreLondon pre-open: Shift in investor focus sparks lower start for FTSE
21st Feb 2012 07:26
City sources predict the FTSE 100 will open down by around 11 points from yesterday's close of 5,945, as investors shift their attention to the challenges that lay ahead in getting both the Greek and the wider Eurozone economy back on track. Some analysts seem to be attaching particular importance n
Read moreTullow finds oil in Sierra Leone but shares fall - UPDATE
21st Feb 2012 07:05
Following the results of drilling, wireline logs and sample of reservoir fluids, oil and gas giant Tullow Oil has confirmed that one of its exploration wells offshore Sierra Leone has successfully encountered hydrocarbons. However, shares tanked in morning trade on Tuesday, with the stock trading 4
Read moreLondon open: Stocks rise on Greek optimism
17th Feb 2012 08:24
- Footsie rises as Greek optimism boosts buying. - Resources stocks track commodities prices higher. - Record underlying earnings for Anglo American. London's blue chips recovered after yesterday's fall with the Footsie rising strongly in early trading on Friday on reports of measures by European l
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