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London close: Market recoups previous session's losses

Wed, 27th May 2015 15:47

UK stocks closed higher on Wednesday, rebounding from heavy losses in the previous session, buoyed by strength in the construction, electricity and tobacco sectors.The FTSE 100 experienced few surprises and gained steadily throughout the day, closing 1.24% higher at 7,034.9.The index had plunged 1.2% on Tuesday as a stronger dollar sent commodity prices tumbling - and subsequently mining and oil stocks.With little in the way of data, sentiment was mostly inward-looking as traders looked to recoup, although gains were pared by continued Greek uncertainty.The Queen's speech delivered few surprises, focusing on continued economic stability and an all-clear for a referendum on Britain's EU membership."[The government] will continue the work of bringing the public finances under control and reducing the deficit, so Britain lives within its means. Measures will be introduced to raise the productive potential economy and increase living standards," Her Majesty said.The majority of businesses remain hopeful that the referendum will be brought forward to 2016, following the suggestion from Prime Minister David Cameron last week.Terry Scuoler chief executive officer of manufacturers' association the EEF said: "The key thing now is to get on with the referendum as soon as feasibly possible, and certainly before the end of 2016, so that we can limit the potential fallout for business and investment certainty."Oil markets took a tumble with Brent Crude down 1.77% to $62.59 a barrel, driving oil and energy stocks lower, including Premier Oil, Ophir Energy and Infinis Energy. Another note from Credit Suisse warned investors to expect near-term weakening in the sector.Shares in building materials group CRH surged after finally entering into a binding offer with European cement giants Holcim and Lafarge to buy assets worth €6.5bn as part of their proposed merger.Others in the building and construction sectors also ended higher, including Ashtead, Travis Perkins, Wolseley and Persimmon.Imperial Tobacco gained after being given the green light by US trade regulators for its $4.7bn asset purchase from the merging Lorillard and Reynolds. The deal, which still must clear some smaller legal hurdles, is expected to complete within weeks.IAG was lifted by news that the Irish government agreed to sell its 25% stake in Aer Lingus, allowing the British Airways owner to officially launch its €1.36bn bid for the Irish airline.Meanwhile, engineer Weir Group was in the red after being hit with a downgrade to 'hold' by analysts at Deutsche Bank. Market MoverstechMARK 3,323.39 +1.20%FTSE 100 7,034.90 +1.24%FTSE 250 18,234.52 +0.75%FTSE 100 - RisersCRH (CRH) 1,840.00p +3.60%International Consolidated Airlines Group SA (CDI) (IAG) 564.00p +3.58%Imperial Tobacco Group (IMT) 3,392.00p +3.29%Ashtead Group (AHT) 1,217.00p +2.79%Centrica (CNA) 280.70p +2.75%easyJet (EZJ) 1,660.00p +2.72%National Grid (NG.) 929.80p +2.68%Shire Plc (SHP) 5,640.00p +2.55%Johnson Matthey (JMAT) 3,538.00p +2.49%Smith & Nephew (SN.) 1,168.00p +2.46%FTSE 100 - FallersGlencore (GLEN) 287.20p -0.88%Old Mutual (OML) 229.00p -0.87%SABMiller (SAB) 3,530.50p -0.76%Sainsbury (J) (SBRY) 255.10p -0.47%Weir Group (WEIR) 1,994.00p -0.40%FTSE 250 - RisersBeazley (BEZ) 302.50p +6.85%Hiscox Limited (CDI) (HSX) 865.00p +3.97%Hansteen Holdings (HSTN) 123.30p +3.70%RPS Group (RPS) 232.40p +3.47%Kaz Minerals (KAZ) 249.80p +3.35%Fidessa Group (FDSA) 2,265.00p +3.33%Cineworld Group (CINE) 520.00p +3.17%Keller Group (KLR) 1,059.00p +3.12%Moneysupermarket.com Group (MONY) 304.00p +3.05%Zoopla Property Group (WI) (ZPLA) 240.40p +3.04%FTSE 250 - FallersSynergy Health (SYR) 1,808.00p -16.45%Brewin Dolphin Holdings (BRW) 315.10p -10.71%De La Rue (DLAR) 507.00p -8.40%PZ Cussons (PZC) 358.50p -2.71%Vesuvius (VSVS) 438.40p -2.47%BBA Aviation (BBA) 333.30p -2.40%Fidelity China Special Situations (FCSS) 173.90p -1.92%Poundland Group (PLND) 313.70p -1.75%Premier Oil (PMO) 156.30p -1.64%AO World (AO.) 174.20p -1.53%
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20 May 2019 14:59

Weiss Asset Management, LMR Partners Pick Up Stakes In Ophir Energy (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC said that Weiss Asset Management LP and LMR Partners LLP have both picked up separate interests in the oil & gas company on Friday last picked up a a

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16 May 2019 17:06

Ophir Energy Sells Mexico Offshore Block Stake For USD35 Million Cash

LONDON (Alliance News) - Ophir Energy PLC said Thursday said it had sold it 23% interest in an offshore Mexico exploration block for USD35 million in cash to its existing partners in the agreed to

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1 May 2019 14:21

JPMorgan Chase Reduces 5.2% Ophir Interest To Below Threshold (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC said on Wednesday that US bank JPMorgan Chase & Co has reduced its holding in the company to below the minimum threshold from 5.20%, in a deal on last

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29 Apr 2019 16:35

JPMorgan Chase & Co Raises Ophir Energy Interest To Over 5% (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC said on Monday that US bank JPMorgan Chase & Co raised its stake in the company to 5.2% from below a minimum threshold.Shares in the oil &

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23 Apr 2019 14:28

LMR Partners Holds 5.1% Ophir Energy Stake Following Transaction (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC on Tuesday said LMR Partners LLP holds a 5.1% stake in the company after a deal on Friday last week.Following the deal, LMR Partners holds for to a

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2 Apr 2019 14:24

Barclays Ups Ophir Energy Stake To 6% From Below Threshold (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC on Tuesday said that Barclays PLC increased its holding in the firm to 6.1%.Prior to the deal completed on Thursday, the UK bank's holding in

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21 Mar 2019 15:10

UPDATE: Coro Energy Confirms It Is Withdrawing Ophir Energy Bid

LONDON (Alliance News) - Coro Energy PLC confirmed Thursday it is no longer in the running to acquire Ophir Energy PLC.Shares in Coro Energy were up 8.6% Thursday at 2.08 pence each. Ophir

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21 Mar 2019 07:51

MedcoEnergi Makes Higher Offer For Ophir Energy, Coro Energy Withdraws

LONDON (Alliance News) - PT Medco Energi Internasional Tbk has made an increased offer for Ophir Energy PLC, it said on Thursday, while Coro Energy PLC has pulled out of an offer for late January,

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12 Mar 2019 09:19

Block R Impairment Causes Wider Ophir Energy Loss As Revenue Surges

LONDON (Alliance News) - Increased production helped boost Ophir Energy PLC's revenue, the company said Tuesday, though its loss has widened significantly.Ophir, currently the target of

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8 Mar 2019 14:29

Bank of America Cuts Ophir Energy Stake To Below Threshold (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC said Friday Bank of America Corp has decreased its stake in the oil and gas company to below the notifiable threshold after a transaction on to the the a

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8 Mar 2019 10:54

HSBC Holdings Lowers 11% Stake In Ophir Energy To Below Threshold (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC on Friday said HSBC Holdings PLC reduced its holdings in the oil & gas company in a transaction on Tuesday.The FTSE 100-listed bank reduced its

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6 Mar 2019 10:17

SOCO International Put Off Ophir Energy Merger; Sees 2018 Profit Rise

LONDON (Alliance News) - Vietnamese-focused oil producer SOCO International PLC on Wednesday reported a sharp rise in profit for 2018 and also announced it will not be making an offer for peer PLC

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6 Mar 2019 10:02

SOCO says it won't bid for Ophir as it posts rise in 2018 profit

(Sharecast News) - SOCO International said on Wednesday that it will not make an offer for Ophir Energy after its proposal in January was rejected.

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5 Mar 2019 15:49

UK Earnings, Trading Statements Calendar - Next 7 Days

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18 Feb 2019 17:47

Bank of America Increases Interest In Ophir Energy To 7% (ALLISS)

LONDON (Alliance News) - Ophir Energy PLC on Monday said Bank of America Corp upped its stake in the oil & gas exploration and production company following a transaction on Wednesday last of

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