UK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 11:22
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1022 GMT [Dow Jones] 2H'10 is likely to be a bumper six months for the E&P sector, given the relative dearth in 1H, says UBS.
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
7th Jul 2010 11:22
0826 GMT [Dow Jones] Panmure Gordon raises Carillion (CLLN.LN) price target to 350p from 300p following the company's 1H update. Says trading is in line with expectations, but the group continues to make good progress in Support Services amid diversification away from its traditional UK constructio
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 11:22
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1022 GMT [Dow Jones] 2H'10 is likely to be a bumper six months for the E&P sector, given the relative dearth in 1H, says UBS.
Read moreCORRECT:Tullow: Uganda OKs $1.5B Heritage Deal;Tullow Farmdown
7th Jul 2010 09:28
("Tullow: Uganda Govt OKs $1.5B Heritage Deal; Tullow Farmdown," at 0800 GMT, misstated the amount of the deposit in the fourth paragraph. The correct version follows:) LONDON (Dow Jones)--Independent oil and gas exploration and production company Tullow Oil PLC (TLW.LN) said Wednesday the Uga
Read moreReliance Industries Invites Contracts To Develop Oil, Gas Blocks
7th Jul 2010 08:47
MUMBAI (Dow Jones)--Reliance Industries Ltd. (500325.BY) said in a tender document on its website that it is inviting companies to develop and carry out production work at its coal bed methane and onshore exploration blocks. Reliance Industries controls CBM blocks located in the states of Madhya
Read moreLondon open: Blue chips head lower
7th Jul 2010 08:45
London's blue chips have retreated after the surge yesterday with a cautious update from Marks & Spencer dampening the mood. The High Street bellwether reported a 3.6% rise in UK like-for-like sales in the first quarter but is cautious about the outlook for consumer confidence and spending. Like fo
Read moreLondon pre-open: Shares to retreat
7th Jul 2010 07:39
London's blue chips look set to drop once again as investors mull a mixed bag of company results. City experts expects Footsie to give up 45 points after finishing just three points shy of its high point yesterday. High Street bellwether stock Marks and Spencer reported a 3.6% rise in UK like for l
Read moreHeritage Oil Advised That Asset Disposal Not Taxable In Uganda
7th Jul 2010 07:18
LONDON (Dow Jones)--Heritage Oil PLC (HOIL.LN), an independent upstream exploration and production company, said Wednesday the Government of the Republic of Uganda has provided conditional consent for the disposal of its assets in Uganda, and has received advice that the disposal of the assets is no
Read moreTullow gets approval for Heritage buy
7th Jul 2010 07:11
Tullow Oil can proceed with the $1.5bn acquisition of a 50% stake in two big oil fields in Uganda from Heritage Oil after the government gave approval after months of wrangling. Tullow exercised its first refusal rights over blocks 1 and 3A in the Albert Basin in Uganda after Heritage agreed to sel
Read moreLondon close: Footsie ends on a high
6th Jul 2010 17:01
The FTSE 100 finished just three points shy of its high point for the day as miners, particularly copper miners, drove the market higher. Copper producers Antofagasta and Kazakhmys were the two best performers as the price of copper rose the most in a week on the back of declining stockpiles. Mini
Read moreUPDATE:Heritage To Pay 30% Of Tax On Tullow Deal Now-Uganda Min
6th Jul 2010 15:56
(Adds comments from permanent secretary.) By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Heritage Oil Ltd. (HOIL.LN) has agreed to pay up front 30% of the disputed $404 million capital gains tax bill on the sale of its Uganda assets to Tullow Oil
Read more2nd UPDATE: Uganda Govt OKs Heritage Oil Asset Sale To Tullow
6th Jul 2010 15:18
(Adds Uganda Energy Minister comment) By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in Heritage Oil Ltd. (HOIL.LN) rose sharply Tuesday as the Ugandan government gave its long-delayed approval to the sale of its Uganda assets to Tullow Oil PLC (TLW
Read moreHeritage To Pay 30% Of $404M Tax On Tullow Deal Now-Uganda Min
6th Jul 2010 14:42
By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES KAMPALA, Uganda (Dow Jones)--Heritage Oil Ltd. (HOIL.LN) has agreed to pay upfront 30% of the disputed $404 million capital gains tax bill on the sale of its Uganda assets to Tullow Oil PLC (TLW.LN), Ugandan Energy and Minerals Minis
Read moreUPDATE: Uganda Govt OKs Heritage Oil Asset Sale To Tullow
6th Jul 2010 14:19
(Adds share price move, background.) By Nicholas Bariyo and James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Uganda's government has approved Heritage Oil Ltd.'s (HOIL.LN) sale of its Uganda assets to Tullow Oil PLC (TLW.LN) and the entrance of Total SA (TOT) and China National
Read moreLondon afternoon: Rally continues
6th Jul 2010 14:03
London stocks made further headway over the lunchtime session, with banks and miners still leading the way. Antofagasta, Kazakhmys, Xstrata, Vedanta and Rio Tinto are the stand out performers in the mining sector, as commodity stocks come back into fashion after their recent buffeting, though gold
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