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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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30 Nov 2016 12:53

Broker tips: Ophir, Capita, Croda

(ShareCast News) - Ophir Energy's shares gushed higher after Canaccord Genuity upgraded the stock to 'buy' from 'hold' and lifted the target price to 105p from 80p. Canaccord cited Ophir's newly formed joint operating company (JOC) with OneLNG to develop the Fotuna gasfield offshore Equatorial Guine

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30 Nov 2016 12:27

Ophir Energy rallies on Canaccord upgrade

(ShareCast News) - Ophir Energy's shares gushed higher after Canaccord Genuity upgraded the stock to 'buy' from 'hold' and lifted the target price to 105p from 80p. Canaccord cited Ophir's newly formed joint operating company (JOC) with OneLNG to develop the Fotuna gasfield offshore Equatorial Guine

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28 Nov 2016 21:23

UPDATE 1-Mexico certifies bidders for December deep water oil auctions

(Adds comments from Zepeda, CNH president, paragraphs 9-11) MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions, set for

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28 Nov 2016 20:53

CORRECTED-Mexico certifies bidders for December deep water oil auctions

(Corrects paragraph 6 to add additional certified company, Inpex; adds stock symbols missing from paragraphs 5 and 6) MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator announced on Monday a final list of 17 oil companies representing a dozen countries that have pre-qualified to bid on

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17 Nov 2016 13:00

Thursday broker round-up

(ShareCast News) - Kingfisher: HSBC reiterates hold with a target price of 380p. Astrazeneca: Berenberg reiterates buy with a 55p target. Aggreko: Jefferies stays at hold with a 750p target. Easyjet: Barclays reiterates equal-weight rating with a 1000p target. Amec Foster Wheeler: UBS keeps at ne

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16 Nov 2016 17:04

Final investment decision on Tanzania LNG plant still 5 yrs away -Statoil

By Katharine Houreld DAR ES SALAAM, Nov 16 (Reuters) - The final investment decision on a Tanzania's $30 billion onshore liquefied natural gas (LNG) export terminal will not be made for at least five years and possibly much longer, said Oystein Michelsen, Statoil's Tanzania country manager.

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1 Nov 2016 09:38

Ophir says does not need partners for upstream floating LNG project in Equatorial Guinea

By Ed Stoddard CAPE TOWN, Nov 1 (Reuters) - Ophir Energy can go ahead with its Fortuna floating liquefied natural gas project off Equatorial Guinea with or without new partners because the cost estimates have halved to around $450 million, a senior executive said on Tuesday. "The capi

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30 Sep 2016 10:06

Friday broker round-up

(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe

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30 Sep 2016 08:27

BROKER RATINGS SUMMARY: Split View On Capita As Two Raise, Three Cut

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16 Sep 2016 10:54

Friday broker round-up

(ShareCast News) - Admiral Group: Berenberg reiterates hold with a target price of 1804p. Vodafone: Barclays reiterates overweight, 260p target. Next: HSBC keeps at hold with a 4485p target. Asos: JP Morgan reiterates overweight with a 5400p target. Moneysupermarket: RBC stays at outperform with

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22 Aug 2016 16:00

Tanzania's President Magufuli orders officials to speed up LNG project

By Fumbuka Ng'wanakilala DAR ES SALAAM, Aug 22 (Reuters) - Tanzanian president John Magufuli ordered officials on Monday to speed up long-delayed work on a planned liquefied natural gas (LNG) plant, saying implementation of the project had taken too long. BG Group, recently acquired b

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10 Aug 2016 10:11

Wednesday broker round-up

(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with

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29 Jun 2016 08:48

BROKER RATINGS SUMMARY: Merrill Lynch Upgrades Burberry To Buy

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21 Jun 2016 14:46

Barclays names Ophir Energy 'top-pick', upgrades Premier Oil

(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process

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6 Jun 2016 17:06

UPDATE 1-Equatorial Guinea says Schlumberger walked away from Fortuna project

(Updates with quote, details) CAPE TOWN, June 6 (Reuters) - Equatorial Guinea's energy minister on Monday said Schlumberger had walked away from the country's Fortuna floating liquefied natural gas (FLNG) project but he also said he was confident it would be successful. Fortuna, Afric

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