IAE.L Share News (IAE)

North Sea oil producer Ithaca cuts 2015 investments by 60 pct

LONDON, Jan 12 (Reuters) - North Sea-focused oil and gas operator Ithaca Energy has cut its 2015 investment budget by 60 percent from last year year because of weak oil prices, it said on Monday. The London and Toronto-listed company said its 2015 net capital expenditure would be about $15

Broker tips: Easyjet, Serco, Oil stocks

Broker Liberum has lifted its target price for budget airline Easyjet from 1,650p to 1,725p and repeated its 'buy' recommendation, hailing the company's effort to adapt to an "inflationary world". Analyst Gerald Khoo said while non-fuel unit cost inflation is set to rise, Easyjet's so-called 'lean'

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

Friday broker round-up:

TSB Banking: Shore Capital reiterates buy with a target price for 325p. Vernalis: Canaccord Genuity ups target to 66p from 56p and reiterates buy. Aggreko: Panmure Gordon and Investec reiterate hold. Gemfields: Numis initiates coverage with a buy recommendation and 70p target price. Ithaca Energy

Ithaca Energy Set To Increase Production Through Three New UK Assets

Thursday broker round-up UPDATE

Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ

Trap Oil Says Athena Decommissioning Costs To Be More Than Expected

Thursday broker round-up UPDATE

Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r

Ithaca Energy sees annual production below hopes

North Sea oil & gas operator Ithaca Energy forecasts annual production below expectations due to problems at one of its fields. Ithaca said it expected full-year 2014 pro-forma production to be about 12,500 barrels of oil equivalent per day (boepd) after deferring about 1,400 boepd of annualised

Ithaca Revises Full-Year Production Target After Equipment Failure

Trap Oil Continues To Cut Costs As It Swings To Interim Loss

BUZZ-View from the Buyside: Cavendish AM's bets on a "No", adds Scotland exposure

** Cavendish AM fund manager Paul Mumford says added to holdings in Scotland-headquartered distribution group John Menzies and North Sea oil-focused groups Hurricane Energy and Ithaca Energy . ** Mumford says weakness in certain stocks hurt by uncertainty over vote a chance to add. **

Ithaca Energy Completes Flow Test Operation At Fourth Development Well

Friday broker round-up UPDATE

Admiral Group: Berenberg raises target price from 1090p to 1168p, but still recommends selling. Canaccord Genuity reduces target price from 1400p to 1220p keeping a sell recommendation. Centamin: Numis downgrades from buy to hold with a target price of 70p. Direct Line Group: Berenberg shifts targ

Wednesday broker round-up UPDATE

Caledonia Mining: Numis lowers target price from 100p to 90p retaining a buy recommendation. Chemring Group: Panmure Gordon initiates with a target price of 328p and a buy recommendation. CLS Holdings: Liberum Capital raises target price from 1551p to 1647p and keeps a buy recommendation. CSR: Je