The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

BUZZ-Tullow: Ghana worries add to FTSE relegation fears

Mon, 02nd Mar 2015 11:55

** Tullow Oil easily top FTSE 100 faller,down 7.3 pct & poised for biggest one-day drop since late Nov

** Worries that an ongoing maritime dispute between Ghanaand Cote d'Ivoire could result in suspension of ops see sharesaccelerate losses after weak open

** Tullow got 85 pct of its 2013 revenue from West & NorthAfrica, according to Thomson Reuters data

** SocGen noted last week that given Tullow's shrinkingmarket-cap it could exit the FTSE 100 when the results of thequarterly index review are announced this week

** SocGen says Tullow could be replaced by HikmaPharmaceuticals which is up 25% year-to-date

(RM: tricia.wright1.thomsonreuters.com@reuters.net RM:alasdair.pal.thomsonreuters.com@reuters.net)

Related Shares

More News
9 Apr 2024 16:14

UK shareholder meetings calendar - next 7 days

26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

25 Mar 2024 16:51

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global ...

6 Mar 2024 09:53

Tullow Oil profit and revenue down on lower oil prices

(Alliance News) - Tullow Oil PLC on Wednesday said a reduction in oil prices led to a drop in its annual profit and revenue, though it still enjoyed a...

6 Mar 2024 08:13

Tullow cites lower oil prices as FY profits, revenue decline

(Sharecast News) - Oil and gas explorer Tullow Oil reported a drop in full-year profit and revenue on Wednesday, citing lower oil prices.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.