London pre-open: Retailers in focus
10th Jan 2011 07:34
A subdued start to the week is in prospect, with Friday's disappointing US jobs data still casting a shadow over proceedings. City traders expect the Footsie will open around 12 points below Friday's closing level. The Christmas trading updates from retailers are starting to come through, and the d
Read moreMixed news from Tullow
10th Jan 2011 07:18
Tullow Oil had mixed news on Monday morning with success on one well in Ghana but a disappointing outcome on a prospect in Mauritania. The Tweneboa-3 appraisal well in the Deepwater Tano licence offshore Ghana has successfully encountered gas condensate in excellent quality sandstone reservoirs. Re
Read moreLondon close: Footsie recovers as M&A action heats up
15th Nov 2010 16:37
The top share index snapped out of a weak start to finish in positive territory Monday as jitters over the Irish debt situation eased and bid speculation and company updates attracted attention. Shares in Invensys moved higher despite the engineering firm denying press reports that it has received
Read moreLondon afternoon: Bid activity keeps the pot bubbling
15th Nov 2010 14:07
A sprinkling of bid speculation is livening up markets this Monday, as traders wait for the Irish sovereign debt situation to play itself out. Shares in Invensys are higher despite the engineering firm denying press reports that it has received an approach. The company's chief executive Ulf Henrik
Read moreGood result for Tullow in Sierra Leone
15th Nov 2010 07:36
Oil and gas company Tullow Oil has had a favourable result on its 10% owned Mercury-1 exploration well in Sierra Leone. Anadarko Petroleum, which has a 65% interest in the well, said the company's second deepwater test in the Sierra Leone-Liberian Basin encountered about 135 net feet of oil pay in
Read moreFTSE 100 movers: Profit-taking in miners
10th Nov 2010 13:59
Miners are on the slide and dragging down Footsie. Gold and silver reached new highs yesterday and eight of the worst ten performers are miners as investors take profits. Kazakhmys and Randgold are the biggest fallers but Anglo American is bucking the trend. Tullow Oil's interim management state
Read moreTullow Oil expects top end from Jubilee
10th Nov 2010 07:34
Tullow Oil has confirmed the Jubilee field in Ghana will move into production next month, December, with its working interest forecast at an average 58,000 barrels daily, the top end of previous guidance. Elsewhere, an appraisal programme to delineate the recently discovered Owo and Tweneboa field
Read moreLondon afternoon: Footsie consolidates gains
2nd Nov 2010 14:26
Footsie moved sideways over the lunch time session, as investors digested a busy morning of big company announcements. Beleaguered oil giant BP comfortably beat third quarter profit forecasts though it has had to take an additional $7.7bn charge in respect of the Gulf of Mexico oil spill. The marke
Read moreLondon close: Late dip slows Footsie's progress
21st Oct 2010 16:42
A late sag pulled Footsie back after it seemed destined for its highest close since the middle of April. Good company news and a bright start on Wall Street, with the Dow up 100 points at the start, meant a strong afternoon session in London, but blue chips eased back as the day ended. BT was the
Read moreLondon afternoon: Shares climb higher as Wall Street advances
21st Oct 2010 15:37
Footsie is still going strong with a good start on Wall Street underpinning earlier gains. BT is higher after a favourable court ruling. The UK government has to guarantee all BT employees in the BT pension scheme, not just the ones that joined prior to privatisation in 1984, it was decided. Glax
Read moreFTSE 100 movers: Pension decision boosts BT
21st Oct 2010 14:42
BT is higher after the courts ruled that the UK government has to guarantee all BT employees in the BT pension scheme not just the ones that joined prior to privatisation in 1984. The government argued that the Crown Guarantee only covered members of the pension scheme before BT was privatised and
Read moreLondon midday: BT jumps after court ruling
21st Oct 2010 12:10
There are some big movements in both directions today, but the mood is optimistic overall and Footsie has been trading at its highest level in nearly six months. TUI Travel, owner of the Thomson travel agent brand, is sharply lower as it restated results for 2008/09 and took an extra £88m charge li
Read moreLondon open: Shares fall back
21st Oct 2010 08:24
A couple of company news items have been given a frosty reception, helping tip the leading share index into the red. TUI Travel, owner of the Thomson travel agent brand, is lower after saying it had to restate results for the 2008/09 and take an extra £88m charge linked to the integration of IT sy
Read moreTullow fails at Onyina-1
21st Oct 2010 08:23
Tullow Oil's Onyina-1 exploration well in the deepwater Tano licence offshore Ghana has come to nothing after it came across water bearing reservoirs. Onyina-1 well was drilled to explore a large, high-risk, Campanian prospect between the Tweneboa and Jubilee fields. But Tullow, which has a 49.95
Read moreLondon close: Footsie rallies but finishes lower
12th Oct 2010 16:46
London battled hard to undo early losses, but fell just short, closing a few points in the red, amid a backdrop of lower commodity prices and sobering trading updates. Miners were under the cosh. Xstrata was among the heavy fallers in the mining sector. It said today it is starting work again at
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