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Pin to quick picksBowleven Share News (BLVN)

Share Price Information for Bowleven (BLVN)

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Share Price: 0.20
Bid: 0.15
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.10 (66.667%)
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London close: Santa Rally continues as UK stocks rise for sixth straight day

Tue, 23rd Dec 2014 16:51

UK stocks rose again on Tuesday as the Santa Rally continued into its sixth straight day, with markets boosted by some upbeat economic data from the States.Third-quarter US annualised gross domestic product (GDP) growth was revised to 5% from an initial estimate of 3.9%, representing the strongest rate of expansion since 2003."The jump in US GDP driven by consumer spending is another bit of evidence demonstrating the benefit of lower oil prices to the global economy," said analyst Jasper Lawler from CMC Markets UK.The FTSE 100 finished 0.3% higher at 6,598 by the end of the session, its highest close since 8 December, helped by energy stocks as crude prices rebounded.In other US economic data, the University of Michigan's consumer-confidence index and personal spending figures came in better than expectations, though new-home sales and durable goods orders missed forecasts slightly.Closer to home, the FTSE 100 pulled back from its intraday high early on after UK GDP growth was surprisingly revised lower. While quarter-on-quarter growth was confirmed at 0.7% for the third quarter, the annual rate of expansion was revised to 2.6% from the initial estimate of 3%.News from Greece was also limiting gains across European markets after Greek Prime Minister Antonis Samaras failed to garner enough support for his presidential candidate in a second round of voting. Parliamentarians will now be called on to vote for a third and final time on 29 December.Energy stocks jumpOil and gas producers such as BP, Tullow Oil, Shell and Premier Oil were all performing well by the end of the session as Brent crude advanced 1.2% to $60.82 a barrel. Energy services companies such as Petrofac, Hunting and Weir Group also saw shares rise.Retailers were also providing a lift with Wm Morrison, Tesco and Sports Direct putting in decent gains.Thorntons was a heavy faller, dropping over 22% after warning of a "significant reduction" in orders from major supermarkets and a problem with its warehouse distribution. Earnings for the full year are now expected to be "below those achieved for the last financial year".Cameroon-focused oil explorer Bowleven jumped after being allowed extra time for the completion of the farm-out agreement over its Etinde project as it continued to sweat over presidential approval. Market MoverstechMARK 2,953.95 -0.19%FTSE 100 6,598.18 +0.33%FTSE 250 16,094.23 +0.64%FTSE 100 - RisersTullow Oil (TLW) 419.70p +3.12%CRH (CRH) 1,559.00p +3.11%Morrison (Wm) Supermarkets (MRW) 180.40p +2.50%Smiths Group (SMIN) 1,108.00p +2.40%ARM Holdings (ARM) 998.00p +2.31%Sports Direct International (SPD) 712.00p +2.30%Randgold Resources Ltd. (RRS) 4,240.00p +2.17%Weir Group (WEIR) 1,912.00p +2.03%Tesco (TSCO) 184.60p +1.99%Centrica (CNA) 282.50p +1.88%FTSE 100 - FallersShire Plc (SHP) 4,533.00p -2.81%Reckitt Benckiser Group (RB.) 5,200.00p -2.07%AstraZeneca (AZN) 4,516.50p -1.88%Smith & Nephew (SN.) 1,089.00p -1.71%Barratt Developments (BDEV) 459.00p -1.48%Persimmon (PSN) 1,572.00p -1.32%Taylor Wimpey (TW.) 134.70p -1.32%Aggreko (AGK) 1,528.00p -0.84%BG Group (BG.) 879.50p -0.74%Ashtead Group (AHT) 1,169.00p -0.51%FTSE 250 - RisersEuromoney Institutional Investor (ERM) 1,125.00p +5.73%Evraz (EVR) 149.20p +4.55%Centamin (DI) (CEY) 60.15p +4.52%RPS Group (RPS) 218.40p +4.40%Workspace Group (WKP) 764.50p +4.37%Serco Group (SRP) 163.10p +4.15%Petra Diamonds Ltd.(DI) (PDL) 191.50p +4.08%Premier Oil (PMO) 172.00p +3.61%SIG (SHI) 171.30p +3.32%PayPoint (PAY) 922.50p +3.30%FTSE 250 - FallersHikma Pharmaceuticals (HIK) 1,985.00p -3.69%Polymetal International (POLY) 555.50p -3.05%Saga (SAGA) 151.00p -2.45%BTG (BTG) 797.00p -2.03%Greggs (GRG) 723.00p -1.97%RPC Group (RPC) 509.50p -1.45%Bank of Georgia Holdings (BGEO) 2,037.00p -1.45%Big Yellow Group (BYG) 610.00p -1.37%Genus (GNS) 1,269.00p -1.25%Fisher (James) & Sons (FSJ) 1,159.00p -1.19%
More News
30 Jan 2015 09:39

Bowleven One Step Away From Completing Etinde Farm-Out Deal

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21 Jan 2015 09:48

BowLeven To Drill First Well On Bomono Permit, Cameroon In February

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9 Jan 2015 16:38

BowLeven Secures Presidential Signature For Etinde Farm Out Deal

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23 Dec 2014 11:56

London midday: Stocks rise but gains pared after UK GDP data

UK stocks rose again on Tuesday as the pre-Christmas rally continued, though gains were trimmed by lunchtime after some disappointing data. On a day lacking of corporate news, investors were also showing caution ahead of a flurry of economic indicators Stateside. Stock futures on Wall Street were on

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23 Dec 2014 07:42

Bowleven sweats on Cameroon presidential signature

Cameroon-focused oil explorer Bowleven has allowed extra time for the completion of the farm-out agreement over its Etinde project as it continued to sweat over presidential approval. Having in October said the only remaining formality to the completion of the transaction was the gazetting of the si

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24 Nov 2014 06:33

Monday newspaper round-up: Aviva, Iran, AIM

An estimated 2,000 insurance jobs are likely to be axed as Aviva tries to placate scepticism about its bid for Friends Life. While some analysts hailed the £5.6bn deal announced on Friday evening as giving Aviva scope to push up its dividend, others were unimpressed, with one questioning whether it

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21 Nov 2014 11:06

Westhouse highlights attractive oil stocks that can weather crude-price falls

Westhouse Securities has called for investors in the oil and gas sector to be a "bit more patient" with oil prices currently rumbling along at multi-year lows, as it highlighted buying opportunities in the sector. Brent crude has now fallen over 25% to $79 a barrel since hitting a high of $115 a bar

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13 Nov 2014 10:21

Thursday broker round-up.-Update

AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai

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13 Nov 2014 09:44

UK BROKER RATINGS: Berenberg Raises Wolseley To Buy From Hold

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13 Nov 2014 06:14

UK Earnings, Trading Statements Calendar - Week Ahead

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12 Nov 2014 16:04

UK Earnings, Trading Statements Calendar - Week Ahead

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12 Nov 2014 11:52

BowLeven Annual Loss Widens As It Focuses On Finalising Farm Outs

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12 Nov 2014 06:22

UK Earnings, Trading Statements Calendar - Week Ahead

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11 Nov 2014 16:20

UK Earnings, Trading Statements Calendar - Week Ahead

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