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LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
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FTSE 100 - WINNERS
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Tullow Oil, up 1.9%, Royal Dutch Shell, up 0.5% BG Gr
African Minerals: Deutsche Bank reduces target price from 316p to 249p maintaining a buy recommendation. Atkins: Numis ups target price from 1650p to 1700p and keeps a buy recommendation. JP Morgan reduces target price from 1619p to 1548p and reiterates its overweight rating. Ferrexpo: Deutsche Ba
Read moreLONDON (Alliance News) - Tower Resources PLC's shares slumped on Friday after saying it has failed to find hydrocarbons in early targets at the Welwitschia-1A well on the PEL0010 licence, offshore Namibia, and has had to stop drilling deeper at the well due to spiralling costs. Tower Resour
Read moreLONDON (Alliance News) - Tower Resources PLC said Wednesday that its wholly-owned subsidiary, Neptune Petroleum Ltd, has been notified that drilling of the Welwitschia-1A well re-commenced Wednesday morning. The AIM-listed Africa-focused oil and gas exploration company said Neptune Petroleu
Read moreLONDON (Alliance News) - Tower Resources PLC Tuesday said it now expects to recommence drilling of the Welwitschia-1A well in Namibia during the first week of June, and for it to be completed within budget. Last week, the AIM-listed Africa-focused oil and gas exploration company said there
Read moreLONDON (Alliance News) - Burberry Group Wednesday said that demand for its luxury outerwear, leather goods and menswear continued unabated in Asia, driving another increase in its annual profit.
The company said it will increase investments by GBP200 million, pumpin
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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Petrofac, up 1.8%, and AstraZeneca, up 1.6%. The companies
Shares in Africa-focused oil and gas explorer Tower Resources bounced despite announcing a delay to the drilling of its Welwitschia-1 well offshore Namibia due to technical issues with the drilling equipment. The AIM-listed company said the financial impact on itself would "not be material", with
Read moreLONDON (Alliance News) - Tower Resources PLC Wednesday said there has been a delay to its drilling schedule in Namibia, and while it will not have a material financial consequence for the company, it doesn't expect drilling operations to recommence until the end of May. The AIM-listed Afri
Read moreLONDON (Alliance News) - UK shares have opened lower Wednesday, following a negative lead from Wall Street and Asia and ahead of the release of central bank meeting minutes in the UK and US.
A few interesting executive changes have been announced before the London open Wednesday.
LONDON (Alliance News) - Tower Resources PLC Thursday announced that it has received notification that its drillship has started drilling the Welwitschia-1 well in Namibia. The independent oil and gas exploration company focused on Africa said it received formal notification from Repsol Exp
Read moreAMEC: UBS ups target price from 1145p to 1200p maintaining a neutral rating. ARM Holdings: HSBC raises target price from 1080p to 1120p and keeps an overweight rating. Associated British Foods: HSBC increases target price from 280p to 310p and upgrades from neutral to overweight. Deutsche Bank rai
Read moreAfrica-focused oil and gas group Tower Resources said that drilling at its part-owned Welwitschia-1 well offshore Namibia is to start later than anticipated. The company said that its wholly-owned subsidiary Neptune Petroleum, which owns a 30% working interest in Welstischia, expects operator Repso
Read moreLONDON (Alliance News) - Tower Resources PLC Tuesday said it expects formal notification from Repsol Exploration Ltd that the Rowan Renaissance Drillship will start drilling operations in the Walvis Bay, Namibia by April 25. The independent oil and gas exploration company focused on Africa
Read moreLONDON (Alliance News) - Evraz, the Russian steel maker part owned by Roman Abramovich, has seen its shares jump Wednesday, despite reporting a wider net loss for 2013 as cost cutting failed to offset a drop in revenues caused by lower steel prices.
Evraz reported a
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