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London close: Stocks end lower on Greek worries

Fri, 29th May 2015 17:42

Shares ended the week on a down note, as worries over Greece continued to weigh on investors' minds.Even so, speaking after the close of markets the Mediterranean country's economics minister, Giorgios Stathakis, said Athens will be able to repay the first tranche of its loans to the IMF on 5 June.The FTSE 100 finished the day lower by 0.80% or 56.49 points at 7,984.43. The Athens Stock Exchange's general index surrendered 1.4% to end the week at 825.38 points.Although markets are pricing in a 70% of a Greek default, traders are still sanguine regarding the risk of a Greek exit from the single currency area.Earlier in the day the latest GDP data showed Greece fell back into recession in the first quarter of the year."It's ultimately a question of when rather than if," said Brenda Kelly at London Capital Group."General crisis fatigue is setting in and while volatility exists, the lack of a protracted sell-off could indicate that perhaps markets are being slightly sanguine of the ramifications of this possibility."Data showed UK business confidence was at an eight-month high, in fact. The Lloyds Bank Business Confidence Barometer climbed 2% month-on-month to 55% in May, reaching its highest level since September on rising optimism about the economy and trading prospects.Ashtead, Morrison lead lossesAshtead was the worst performer on the Footsie, extending Thursday's losses, which came as competitor United Rentals dropped 6% from comments made at a KeyBanc capital markets conference where the firm played down its trading for May.Morrison was another poor performer on the top flight index after it became known the relationship between suppliers and retailers is set to be scrutinised by the Financial Reporting Council following Tesco's accounting scandal.Astrazeneca was in the red, despite announcing plans to collaborate with Lilly on immuno-oncology combination clinical trials on solid tumours.Topping the FTSE 100 was Associated British Foods after Goldman Sachs upgraded its shares to 'buy' from 'sell' and raised the price target to 3120p from 2755p, saying that the stock's 17% underperformance year-to-date offers an attractive entry point.Ophir Energy was another stock on the up thanks to a broker upgrade, with Barclays making the oil company one of its top sector picks.Market MoverstechMARK 3,303.90 -0.76%FTSE 100 6,984.43 -0.80%FTSE 250 18,154.42 -0.45%FTSE 100 - RisersAssociated British Foods (ABF) 3,028.00p +2.64%Fresnillo (FRES) 759.50p +2.57%Weir Group (WEIR) 2,024.00p +2.43%Randgold Resources Ltd. (RRS) 4,735.00p +1.13%Glencore (GLEN) 287.95p +0.77%Vodafone Group (VOD) 255.35p +0.65%Dixons Carphone (DC.) 475.40p +0.40%BHP Billiton (BLT) 1,379.50p +0.22%Direct Line Insurance Group (DLG) 337.20p +0.06%FTSE 100 - FallersAshtead Group (AHT) 1,120.00p -3.53%Morrison (Wm) Supermarkets (MRW) 171.00p -3.39%AstraZeneca (AZN) 4,372.50p -2.66%International Consolidated Airlines Group SA (CDI) (IAG) 554.00p -2.64%TUI AG Reg Shs (DI) (TUI) 1,159.00p -2.44%Old Mutual (OML) 221.10p -2.38%WPP (WPP) 1,540.00p -2.35%British American Tobacco (BATS) 3,605.50p -2.33%SABMiller (SAB) 3,494.00p -2.24%Sainsbury (J) (SBRY) 251.60p -2.18%FTSE 250 - RisersZoopla Property Group (WI) (ZPLA) 270.00p +4.65%Booker Group (BOK) 177.70p +4.53%Card Factory (CARD) 362.30p +4.50%Lonmin (LMI) 141.00p +3.37%Ophir Energy (OPHR) 131.40p +3.30%Spire Healthcare Group (SPI) 360.60p +2.85%JD Sports Fashion (JD.) 652.00p +2.68%Premier Oil (PMO) 163.20p +2.51%Centamin (DI) (CEY) 70.10p +2.34%esure Group (ESUR) 259.10p +2.29%FTSE 250 - FallersNMC Health (NMC) 760.50p -4.34%Renishaw (RSW) 2,400.00p -4.23%Synergy Health (SYR) 1,823.00p -3.80%Ocado Group (OCDO) 364.50p -3.62%Evraz (EVR) 168.60p -2.88%Bodycote (BOY) 743.50p -2.75%Balfour Beatty (BBY) 248.90p -2.70%Greencore Group (GNC) 329.20p -2.40%Bank of Georgia Holdings (BGEO) 1,869.00p -2.25%Fidessa Group (FDSA) 2,230.00p -2.15%
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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

Wednesday 6 March Legal & General GroupFull Year ResultsUltra ElectronicsFull Year 7

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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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