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Oil giant BP gained ground after profits came in well ahead of forecasts in the third quarter and the company moved early on a dividend increase to nine cents per share (up 12.5%). In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on
Read moreOil and gas producers were making gains on Tuesday afternoon despite declining oil prices, as BP lifted sentiment in the sector with forecast-beating third-quarter results and a hiked quarterly dividend. In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net
Read more- Results across Europe lift sentiment - Centamin suspended after court voids Sukari contract - US markets still closed as Sandy batters the East Coast The FTSE 100 rebounded strongly on Tuesday morning after the impact of Hurricane Sandy on equity markets subsided temporarily, with corporate earn
Read moreInvestec has reiterated its bullish stance on oil giant BP, saying that the company's third-quarter results were 'much strong than we and the market anticipated'. The broker said: "Overall, we have seen a much better result than the poor Q2 and the company has moved early on a dividend increase to
Read moreInvestec has reiterated its bullish stance on oil giant BP, saying that the company's third-quarter results were 'much strong than we and the market anticipated'. In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on an underlying repla
Read more- Stocks rebound after Sandy-related falls - BP and Imperial gain after results - BoJ expands stimulus Stocks opened strongly on Tuesday morning with mining stocks making gains and oil giant BP providing a lift after raising its quarterly dividend, as markets rebounded following a subdued day yeste
Read moreAfrican Barrick Gold: Nomura cuts target from 605p to 525p, buy rating kept. Aggreko: Seymour Pierce keeps buy rating and 2,500p target. Aquarius Platinum: Seymour Pierce keeps reduce rating and 34p target. ARM Holdings: Jefferies raises target from 485p to 693p, hold rating kept. ASOS: HSBC hik
Read moreIntegrated oil giant BP is worming its way back into the affections of UK pension fund managers after raising its divi on the back of forecast beating third quarter results. Adjusted replacement cost profit in the third quarter was $5.17bn, up from $3.69bn in the preceding quarter but down from $5
Read moreCity sources predict the FTSE 100 will open up three points from yesterday's close of 5,795, edging marginally higher boosted by slight gains seen in Asia overnight. However, with US markets once again closed today, markets on this side of the Atlantic are expected to take their cue from a speech
Read moreIntegrated oil giant BP is worming its way back into the affections of UK pension fund managers after raising its divi on the back of forecast beating third quarter results. Adjusted replacement cost profit in the third quarter was $5.17bn, up from $3.69bn in the preceding quarter but down from $5
Read moreIMPs, or Imperial Tobacco, is set to publish full year results on Tuesday and the smoke signals from the fags maker is that the performance will be quite varied by region. Tobacco net revenues are expected to be up by around 4% with particularly good performances in its Eastern Europe, Africa & Mid
Read moreUK stocks finished slightly lower after a volatile session with markets showing caution as Hurricane Sandy hits the east coast of America, causing the New York Stock Exchange to suspend trading for today and possibly tomorrow. "It's been a day of low volumes today as investors hold back to assess t
Read moreUK equities are now registering moderate losses and bouncing "along the bottom" in rather lackluster trading conditions, as the main indices track futures on Wall Street. Those are now pointing to falls of about 1 per cent in the main benchmarks ahead of electronic trading being suspended before hu
Read moreDavid Cameron on Wednesday promised "the good news will keep coming" as his error-prone government prepared to seize on new data that is expected to show Britain's double-dip recession is over. Mr Cameron hopes Thursday's release of GDP statistics for the third quarter - including the period of the
Read moreAggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
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