London close: Footsie slips after US slide
15th Jul 2010 16:37
Company news was generally well received today, but the leading share index took a downward turn after a poor opening on Wall Street. Mining stocks were out of favour as metals prices slipped. ENRC and Rio Tinto were among the strugglers. Global information services company Experian went well afte
Read moreLondon afternoon: Stocks perk up slightly
15th Jul 2010 13:06
London's leading shares are posting minimal gains in afternoon deals with Wall Street expected to start higher. Metal prices have recovered and mining stocks are not such a drag on the index as they were in the first few hours of trading, though Kazakhmys and Rio Tinto are amongst the major fallers
Read moreLondon midday: Footsie recovers equilibrium
15th Jul 2010 12:05
Leading shares are mixed, with laggards marginally in the majority among FTSE 100 constituents although the index itself ended the morning in positive territory. Metal prices have recovered and mining stocks are not such a drag on the index as they were in the first two hours of trading. Global in
Read moreLondon open: Miners offset positive company news
15th Jul 2010 08:20
London's blue chips have opened lower as weak miners overshadow a number of positive company statements. Kazakhmys is leading the fallers, closely followed by Xstrata, Eurasian Natural Resources, Antofagasta, Vedanta Resources, Lonmin and Rio Tinto. On the positive side, global information service
Read moreLondon pre-open: Dull start foreseen despite Glaxo verdict
15th Jul 2010 07:38
After London put in a strong finish yesterday there were hopes that the market would resume its advance today but last night's middling performance by US stock markets appears to have put paid to those hopes. Traders are expecting the FTSE 100 to open lower, probably by around 16 points. A cloud
Read moreTullow Oil makes oil find in Uganda
15th Jul 2010 07:15
Tullow Oil has found oil at its Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2. The group said the well has successfully encountered 10 metres of net oil pay after it was drilled to a total depth of 587 metres. The well has since been suspended for future re-entr
Read moreTullow Oil Nsoga-5 Well Encounters 10 Meters Of Net Oil Pay
15th Jul 2010 07:08
LONDON (Dow Jones)--Tullow Oil Plc (TLW.LN), an oil and gas company, announced Thursday that the Nsoga-5 appraisal well, which is located in the Butiaba region of Uganda Block 2, has successfully encountered 10 meters of net oil pay. MAIN FACTS: -The Nsoga-5 appraisal well was drilled to a t
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 14:40
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1340 GMT [Dow Jones] Royal Bank of Scotland lowers Tullow Oil (TLW.LN) target price to 1475p from 1500p. It says Tullow's
Read moreMARKET TALK: Royal Bank Of Scotland Cuts Tullow Oil Target
14th Jul 2010 14:40
1340 GMT [Dow Jones] Royal Bank of Scotland lowers Tullow Oil (TLW.LN) target price to 1475p from 1500p. It says Tullow's relative year-to-date underperformance against peers is likely to reverse in 2H10. "The Uganda farm-out process is an important hurdle, after which we expect the focus to fall on
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 09:37
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0837 GMT [Dow Jones] Deutsche Bank cuts Tullow Oil (TLW.LN) price target to 1255p from 1295p. It describes FY '10 as a "p
Read moreMARKET TALK: Deutsche Bank Cuts Tullow Oil Price Target
14th Jul 2010 09:37
0837 GMT [Dow Jones] Deutsche Bank cuts Tullow Oil (TLW.LN) price target to 1255p from 1295p. It describes FY '10 as a "pivotal year" as the company transitions to a more balanced development-exploration business. Deutsche says this will build Tullow's core value, but it notes development lacks the
Read more2nd UPDATE:Ghana Vice President:Country Prepared To Be Oil Economy
10th Jul 2010 19:42
(Updates with additional source information) LONDON (Dow Jones)--Ghana's vice president said Friday that the country has taken the necessary steps to prepare itself to become an oil economy nation. Ghana's giant oil find, the Jubilee Field, is on target to produce its first oil in the fourt
Read moreUPDATE:Ghana Vice President: Country Prepared To Be Oil Economy
9th Jul 2010 17:29
(Adds details on Kosmos.) LONDON (Dow Jones)--Ghana's vice president said Friday that the country has taken the necessary steps to prepare itself to become an oil economy nation. Ghana's giant oil find the Jubilee Field is on target to produce its first oil in the fourth quarter this year,
Read moreUganda's 2009-10 Planned Investment -23% On Economic Downturn
8th Jul 2010 13:59
KAMPALA, Uganda (Dow Jones)--The value of planned investments in Uganda dropped 23% on year during the fiscal year just ended in June due to the effects of the global economic downturn, Uganda's Junior Finance and Planning Minister said Thursday. Ruth Nankabirwa told reporters in Kampala, the Ug
Read moreUPDATE: Tullow Oil Faces Tax On Lake Albert Deal -Uganda Govt
8th Jul 2010 13:27
(Adds share price.) By Nicholas Bariyo Special to DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--The Ugandan government plans to levy a capital gains tax on Tullow Oil PLC (TLW.LN) when the U.K.-listed company sells part of three oil blocks to its project partners, the head of Uganda's
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