FTSE 250 movers: Ophir sinks after first-half results
15th Aug 2013 14:46
Africa-focused oil and gas group Ophir Energy was a heavy faller on Thursday as investors gave a cool reaction to the company's first-half report. While the firm narrowed its pre-tax loss to 19.4m dollars from 24.4m dollars previously, market chatter pinned the share-price reaction to delays in find
Read moreTaylor Wimpey completes refinancing of credit facility
12th Aug 2013 07:31
Taylor Wimpey has completed the refinancing of its revolving credit facility which is due to mature in November 2014. The housebuilder has secured a new revolving credit facility for £550m to mature in August 2018. Group Finance Director, Ryan Mangold, said the debt facility will provide plenty o
Read moreFormer Diageo CEO sells 3.9m-pound stake
1st Aug 2013 15:50
Paul Walsh, the former Chief Executive Officer (CEO) of Diageo who now serves on the board as an advisor, sold nearly four million pounds of shares in the drinks giant on Thursday, just one day after the Guinness maker impressed the market with a solid increase in annual net sales. Walsh, who was
Read moreTaylor Wimpey's half-year results grow on improved housing market
31st Jul 2013 13:07
UK housebuilder Taylor Wimpey saw its revenue in the first half rise 11.1 per cent to 1.0bn pounds as consumer sentiment grew and the property market improved. Gross profit, before exceptional items, increased 21.8% to £197.0m, which included a £22.4m contribution relating to realisation of writte
Read moreFriday tips round-up: Ophir Energy, Taylor Wimpey, Low & Bonar
5th Jul 2013 06:45
Ophir Energy is looking interesting as an investment proposition, according to The Telegraph's Questor column. The oil and gas explorer has made some significant discoveries in Africa with its partners. It is now the fifth-largest deepwater acreage holder in Africa and the largest net acreage holder
Read moreLondon close: BoE and ECB relieve market angst
4th Jul 2013 17:36
As might have been expected, in their first meeting with Mark Carney at the helm the Monetary Policy Committee [MPC] managed to surprise markets by introducing a first taste of the much-vaunted forward policy guidance. Although analysts' reactions seem to be somewhat mixed, with some seeing hints o
Read moreFTSE 250 movers: Centamin surges after Egyptian President ousted
4th Jul 2013 14:14
Gold miner Centamin saw shares jump by nearly a fifth on Thursday after the President of Egypt, where its flagship Sukari mine is located, was ousted by the military. Centamin has been involved in a legal dispute with Egypt's administrative court since the government came into power, regarding the v
Read moreLondon midday: Stocks rise as BoE holds fire, markets eye ECB
4th Jul 2013 11:28
The FTSE 100 issued decent gains on Thursday morning, taking advantage of expected low volumes on the back of the Independence Day holiday in the States, with all eyes on central banks in the UK and Europe in the absence of any major economic data today. As expected, the Bank of England (BoE) stood
Read moreLondon open: Stocks rise as eyes turn to BoE, ECB
4th Jul 2013 08:25
The FTSE 100 rebounded strongly on Thursday morning after a sell-off the day before, as traders took advantage of thin volumes with markets in the States shut for Independence Day. The Bank of England (BoE) and European Central Bank (ECB) policy decisions will be in focus today with little economic
Read moreTaylor Wimpey first half at upper end of expectations
4th Jul 2013 07:28
House builder Taylor Wimpey said it traded at the upper end of company expectations during the first half of their financial year, after improvements across most of its markets in the UK, and said it remains confident of hitting targets for the year. "Our businesses in the South East and Midlands r
Read moreBroker snap: Persimmon's valuation 'full' despite robust Q1, says Jefferies
2nd Jul 2013 09:24
Jefferies has kept its 'hold' rating and 1,162p target price for UK house builder Persimmon despite an upbeat second-quarter trading update, saying that the stock's valuation looks 'full'. Nevertheless, analyst Anthony Codling said that the statement was "robust" and backed up its view that the gov
Read moreMonday newspaper round-up: Taylor Wimpey, Onyx, Barclays
1st Jul 2013 06:42
Industry experts say the price of oil could halve within the next decade because of a shale revolution, The Times reported. Former head of international forecasting at the Organisation for Economic Co-operation and Development, John Llewellyn, believes most oil price predictions have underestimated
Read moreLondon midday: Markets lower ahead of non-farm payrolls
7th Jun 2013 11:45
Markets were trading in a cautious fashion on Friday morning ahead of the eagerly-anticipated employment report from the States due out this afternoon. The FTSE 100 finished 1.3% lower on Thursday at 6,336, its lowest level since April 22nd, as the recent pattern of market volatility continued in a
Read moreLondon open: Stocks flat as markets nervously await US jobs data
7th Jun 2013 08:24
After falling to its worst level in over six weeks, London's FTSE 100 opened broadly flat on Friday morning with investors refraining from building positions ahead of the all-important US jobs report due out this afternoon. The Footsie finished 1.3% lower on Thursday at 6,336, its lowest level sinc
Read moreTaylor Wimpey cautious despite improving sales
25th Apr 2013 07:38
House builder Taylor Wimpey said its sales performance since the start of the year had been "at the upper end of our expectations" but lamented that mortgage lending remained a constricting factor on the market. In a statement released prior to its annual general meeting on Thursday, the group'
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