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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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11 Jan 2019 11:11

Indonesia's Medco Energi Bids GBP343 Million For Ophir Energy

LONDON (Alliance News) - PT Medco Energi Internasional TBK on Friday confirmed a possible GBP343 million takeover bid for Ophir Energy PLC.PT Medco stressed its announcement does not mean a

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7 Jan 2019 08:09

Ophir Energy Fortuna Gas Licence Not Extended; Takeover Talks Continue

LONDON (Alliance News) - Ophir Energy PLC said Monday the Equatorial Guinea Ministry of Mines & Hydrocarbons notified the company its Block R licence will not be extended after its expiry at I

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2 Jan 2019 10:44

WINNERS & LOSERS SUMMARY: Ophir Energy Spikes 33% On Indonesian Offer

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - LOSERS----------Anglo as

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2 Jan 2019 09:58

EXTRA: After Negative 2018, Ophir Energy Shares Jump On Bid Approach

LONDON (Alliance News) - Shares in Ophir Energy PLC surged on Wednesday after confirming it has received a takeover offer from Indonesia's PT Medco Energi Internasional Tbk.Shares in at

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2 Jan 2019 08:55

LONDON MARKET OPEN: Miners Drag FTSE Lower Following Weak Chinese Data

LONDON (Alliance News) - Stocks in London started the first trading day of 2019 in the red, as disappointing Chinese manufacturing data weighed on the market's big miners.Ophir was

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2 Jan 2019 07:53

TOP NEWS: Ophir Energy Gets Takeover Bid From Indonesia's Medco Energi

LONDON (Alliance News) - Oil and gas company Ophir Energy PLC confirmed on Wednesday it has received a takeover offer from Jakarta-listed energy company PT Medco Energi Internasional said that it

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2 Jan 2019 07:41

LONDON MARKET PRE-OPEN: Lower Call; Ophir Energy Gets Takeover Offer

LONDON (Alliance News) - Stock prices in London are seen opening lower on Wednesday as markets reopen after the New Year's Day holiday, with Asian stocks having fallen overnight following a of

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12 Dec 2018 09:25

Ophir Energy Increases Debt Facility After South East Asia Asset Buys

LONDON (Alliance News) - Oil & gas firm Ophir Energy PLC said Wednesday it has increased and extended its debt facility after the acquisition of assets in south-east Asia.Ophir its by a

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7 Dec 2018 10:57

Ophir Energy Discovers Gas At Sampang Project In Indonesia

LONDON (Alliance News) - Ophir Energy PLC on Friday said an exploration well at its Sampang production sharing contract in Indonesia has discovered gas.Ophir is an upstream gas and oil and

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18 Sep 2018 17:36

DIRECTOR DEALINGS: Ophir Energy Non-Executive Director Acquires Stock

LONDON (Alliance News) - Ophir Energy PLC said Non-Executive Director David Davies purchased shares in the oil & gas exploration firm in a transaction on Tuesday.Davies bought 130,819 a

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14 Sep 2018 13:20

DIRECTOR DEALINGS: Ophir Energy Chairman Bill Schrader Buys Shares

LONDON (Alliance News) - Oil & gas company Ophir Energy PLC said Chairman Bill Schrader purchased 60,000 shares at a price of 51.7598 US cents per share on Thursday.Following this now a

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13 Sep 2018 15:31

Director dealings: Ophir's interim CEO ups stake

(Sharecast News) - Ophir Energy's interim chief executive Alan Booth purchased 100,000 ordinary shares in the firm on Thursday.

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13 Sep 2018 15:27

Ophir Energy will 'significantly downsize' its London operations

(Sharecast News) - Ophir Energy will "significantly downsize" its presence in London ahead of its transitioning into being an Asia-led firm.

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13 Sep 2018 10:27

Ophir Energy Interim Loss Widens On Impairment As It Moves HQ To Asia

LONDON (Alliance News) - Ophir Energy PLC said Thursday its search for a new chief executive officer is underway as the company embarks on a new strategic review to take advantage of the in its it

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12 Sep 2018 20:48

Thursday preview: BoE and ECB in focus

(Sharecast News) - All eyes will be on the Bank of England on Thursday, with recent better-than-expected readings on the gross domestic product and wages, alongside an apparently more optimistic tone around Brexit talks out of Brussels leading some observers to speculate that the next hike in Bank Rate might not wait until the end of 2019.

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