UK 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 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
Read moreTullow Oil To Face Tax On Lake Albert Stake Sale -Uganda Govt
8th Jul 2010 12:48
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 Petroleum Exploration
Read moreLondon close: Back above 5,000
7th Jul 2010 16:21
Britain's banks staged an impressive turnaround Wednesday that helped carry London out of the red and onto a second day of very respectable gains. High street lenders were unsettled early on as investors waited for details on the nature of European stress tests for about 100 banks. Last-minute hagg
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S 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 for like sal
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 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 moreMARKET TALK: E&P Oil Stocks To Have Bumper 2H - UBS >TLW.LN
7th Jul 2010 11:22
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. All European E&Ps in its coverage universe are drilling important prospects in 2H, UBS notes. It says M&A is showing signs of returning with vigour, noting Afren's (AFR.LN) a
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
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