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Recent News

Tuesday 24 January, 2017

24-Jan-2017 09:11 AM

EnQuest to acquire 25% of Magnus field

EnQuest has agreed to acquire from BP an initial 25% interest in the Magnus oil field as well as a 3.0% interest in the Sullom Voe oil terminal and supply facility, 9.0% of Northern Leg Gas Pipeline, and 3.8% of Ninian Pipeline System. Magnus represents
24-Jan-2017 09:10 AM

Broker Forecast - Jefferies International issues a broker note on BTG PLC

Jefferies International today reaffirms its buy investment rating on BTG PLC (LON:BTG) and cut its price target to 775p (from 860p). Story provided by StockMarketWire.com...
24-Jan-2017 09:02 AM

Market Movers - Top risers and fallers between 08:00 and 09:00

Overall Market PowerHouse Energy 1.13 +18.95% Thor Mining 0.65 +18.18% Kalibrate Technologies 52.50 +16.67% Alpha Pyrenees 0.07
24-Jan-2017 09:01 AM

Boussard & Gavaudan NAV update

Boussard & Gavaudan Holding said the estimated net asset value of its sterling shares was £19.6258 at the close of business on 23 January. The estimated NAV of its euro shares was €22.3575. At 9:01am: (LON:BGHS) Boussard Gavaudan Holding sh
24-Jan-2017 09:00 AM

Broker Forecast - Liberum Capital issues a broker note on Man Group PLC

Liberum Capital today reaffirms its buy investment rating on Man Group PLC (LON:EMG) and raised its price target to 148p (from 125p). Story provided by StockMarketWire.com...
24-Jan-2017 09:00 AM

Market Movers - Top risers and fallers at 09:00

FTSE 100 Anglo American 1369.75 +4.68% Antofagasta 814.75 +3.20% BHP Billiton 1481.75 +3.08% Rio Tinto 3575.00 +2.
24-Jan-2017 08:50 AM

Broker Forecast - Peel Hunt issues a broker note on Novae Group PLC

Peel Hunt today reaffirms its add investment rating on Novae Group PLC (LON:NVA) and cut its price target to 745p (from 850p). Story provided by StockMarketWire.com...
24-Jan-2017 08:40 AM

Broker Forecast - Peel Hunt issues a broker note on Lancashire Holdings Ltd

Peel Hunt today upgrades its investment rating on Lancashire Holdings Ltd (LON:LRE) to add (from hold) and raised its price target to 710p (from 630p). Story provided by StockMarketWire.com...
24-Jan-2017 08:38 AM

BT to take £530m hit on Italian business

BT has warned it expects to take a hit of of around £530m on its Italian business, which is far greater than the amount it first anticipated. The group announced on 27 October that an initial internal investigation of accounting practices in its I
24-Jan-2017 08:30 AM

Broker Forecast - Peel Hunt issues a broker note on Hiscox Ltd

Peel Hunt today reaffirms its reduce investment rating on Hiscox Ltd (LON:HSX) and cut its price target to 840p (from 870p). Story provided by StockMarketWire.com...
24-Jan-2017 08:22 AM

Empresaria slightly ahead of market expectations

Empresaria the international specialist staffing group, expects record profits for the year ended 31 December, slightly ahead of market expectations and despite uncertainty in the UK prior to the EU referendum. It said adjusted profit before tax growth
24-Jan-2017 08:20 AM

Broker Forecast - Peel Hunt issues a broker note on Beazley PLC

Peel Hunt today downgrades its investment rating on Beazley PLC (LON:BEZ) to reduce (from hold) and cut its price target to 350p (from 360p). Story provided by StockMarketWire.com...
24-Jan-2017 08:18 AM

Benchmark revenues jump

Benchmark, the aquaculture biotechnology and food chain sustainability business, saw revenues rise to £109.4m in the year to the end of September, up from £44.2m in 2015. Earnings before interest, tax, depreciation and amortisation from trad
24-Jan-2017 08:11 AM

De Beers sees good demand at first sales cycle of 2017

Anglo American said the value of rough diamond sales for De Beers's first sales cycle of 2017 amounted to $720m compared with $545m a year ago. De Beers Chief executive Bruce Cleaver said: "We saw good demand across the majority of our assortme
24-Jan-2017 08:10 AM

Broker Forecast - Peel Hunt issues a broker note on Smith (DS) PLC

Peel Hunt today reaffirms its buy investment rating on Smith (DS) PLC (LON:SMDS) and raised its price target to 520p (from 490p). Story provided by StockMarketWire.com...
24-Jan-2017 08:07 AM

EnQuest output at record levels

EnQuest's output averaged 39,751 barrels of oil equivalent per day in 2016, up 8.7% on 2015, with production in the UK North Sea up 11.3%. This was EnQuest's highest annual production since the company started in 2010. Final production was a
24-Jan-2017 08:00 AM

Broker Forecast - Peel Hunt issues a broker note on GKN PLC

Peel Hunt today reaffirms its buy investment rating on GKN PLC (LON:GKN) and raised its price target to 445p (from 420p). Story provided by StockMarketWire.com...
24-Jan-2017 07:59 AM

Amerisur pleased with Platanillo 24 result

South America-focused oil and gas producer and explorer Amerisur Resources is pleased with the result from the latest results at the Platanillo field in Colombia. It said that Platanillo 24 had been tested and placed on commercial production at a rate
24-Jan-2017 07:56 AM

Colefax pre-tax profits fall

Colefax posts a group pre-tax profit of £1.9m for the six months to the end of October - down from £3.27m last time. The group said the result was affected by challenging conditions in core US market and hedging losses following the decline i
24-Jan-2017 07:52 AM

Harwood Wealth AUI up 75%

Harwood Wealth Management Group's assets under influence increased by 75% to £2.1bn in the year to the end of October. Revenue rose by 47% to £11.6m of which more than 75% is recurring. Gross margins increased to 61% (2015: 56%) and adj
24-Jan-2017 07:49 AM

Genel sees major step forward on exports

Genel Energy said 2016 was a major step forward for the monetisation of oil exports from the Kurdistan Region of Iraq. Chief executive Murat Ozgul said: "We received $207m in cash proceeds for oil sales and receivable recovery. "These paymen
24-Jan-2017 07:44 AM

Murgitroyd warns on outcome for FY below forecasts

Murgitroyd Group warns that the outcome for its FY 2017 will fall short of market forecasts, and that it will likely see reduced earnings for the period. It said H1 earnings were, given the impact of the previously announced acquisition completed on 23 J
24-Jan-2017 07:41 AM

easyJet has solid first quarter

easyJet reports a solid first quarter, underpinned by increased operational and financial flexibility but warned that the weakness of sterling would have an impact of around £105m on its full-year pre-tax profits. The number of passengers carried i
24-Jan-2017 07:37 AM

Crest Nicholson profits up as it hits £1bn sales

Crest Nicholson Holdings posts pre-tax profits of £195.0m for the year to the end of October - 27% up on last time - after reaching its sales target of £1bn. Revenues of £997.0m were 24% higher than the £804.8m achieved in the pri
24-Jan-2017 07:32 AM

Fever-Tree sales growth accelerates

Fever-Tree - a leading supplier of premium carbonated mixers - said the strong growth achieved in the first half accelerated in the second half of 2016. Fever-Tree said it expected that sales in the second half would be ahead of the prior year period b

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