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Soco International News

Wednesday broker round-up UPDATE

Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price...

UPDATE 1-Soco planning maiden payout to shareholders

* FY profits rise 181 pct * Payout expected to be announced in summer * Further tests this year could push up oil production * Any rise in output woul...

London open: Italian downgrade weighs on markets early on

UK markets opened cautiously on Monday as sentiment was dampened by Fitch Ratings, which downgraded its credit rating for Italy in the aftermath of an...

SOCO sees revenues surge during 'transformational' year

FTSE 250-listed oil and gas group SOCO International more than doubled revenues and profits in 2012 after a 'transformational' year which saw the firm...

Congo seeks to open way to oil drilling in national parks

* Proposal would allow drilling for 'national interests' * Move threatens gorilla sanctuary, conservationists say * Congo is believed to hold rich oil...

FTSE 250 movers: Bumi falls as infighting continues ahead of vote

Bumi plc shares tumbled as co-founders of the coal miner financier Nathanial Rothschild and the Bakrie Group continued to butt heads over fate of the ...

Thursday broker round-up UPDATE

African Barrick Gold: Deutsche Bank cuts target price from 410p to 340p, while staying with its hold recommendation. Investec reduces target price fro...

London close: Footsie hits new five-year high, Sterling slumps

After a subdued start, London's FTSE 100 index finished with decent gains on Wednesday to set a new five-year high with analysts putting the strong pe...