London 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
Read moreBroker 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
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