Ithaca Energy faces delays with North Sea rig
9th May 2014 12:16
North Sea oil and gas explorer Ithaca Energy announced delays and higher costs in building a rig for a North Sea drilling programme, sending its shares down. Ithaca said construction works on its floating production facility (FPF) being built in Poland by Petrofac had taken longer than expected, me
Read moreThursday broker round-up UPDATE
3rd Apr 2014 09:05
Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig
Read moreIthaca Energy's shares rise on oil discovery
21st Feb 2014 14:30
Ithaca Energy's shares advanced after announcing it has discovered oil at an exploration well in the Norwegian North Sea. The 25/5-9 well on the Trell prospect in licence PL102 F/G intersected 19 metres of net pay in excellent quality Heimdal reservoir in the Paleocene Heimdal Formation. Wireline
Read moreTesco Chairman keeps the faith after recent poor update
17th Jan 2014 16:54
Tesco Non-Executive Chairman Sir Richard Broadbent added 10,000 shares to his stake, the supermarket chain announced Friday. Broadbent, who joined the board in July 2011, bought the shares at 331.22p a piece for a total spend of £33,122. The purchase was made less than a week after the company p
Read moreThursday broker round-up UPDATE
16th Jan 2014 08:59
Aberdeen Asset Management: Canaccord Genuity cuts target price from 586p to 540p, while its buy recommendation remains unchanged. Anglo American: UBS ups target price from 1500p to 1580p upgrading from neutral to buy. Antofagasta: Investec reduces target price from 716p to 685p maintaining a sell
Read moreIthaca Energy warns Q1 production will be below full year range
15th Jan 2014 10:52
Ithaca Energy shares dropped on Wednesday after the North Sea oil and gas operator said first quarter production is expected to be below the full year range. The production drop was being driven primarily by an unplanned shutdown of the Cook field, which was the result of on-going repair work on t
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreTuesday broker round-up UPDATE
12th Nov 2013 09:20
Accesso: Canaccord Genuity raises target price from 680p to 770p and keeps a buy recommendation. Andor Technology: FinnCap places both its target price (prev.: 390p) and its hold recommendation under review. Babcock International: Jefferies increases target price from 1250p to 1600p retaining a bu
Read moreIthaca Energy announces new debt facilities
10th Oct 2013 12:45
Ithaca Energy has extended and executed long-term senior bank debt financing facilities to fund oil and gas activities. The company has increased its existing reserve-based lending facility from $430m to $610m, phasing out a $350m facility which was used to fund the acquisition of Valiant Petroleu
Read moreClinigen CEO sells a further 0.5m shares post placing
2nd Oct 2013 15:56
Pharmaceuticals and services business Clinigen said Wednesday that Peter George, its Chief Executive Officer, has sold a further 0.5m shares in addition to the 2.8m disposed of on Monday. The shares, which were all sold for 410p each, were part of the 8.7m placed with a number of directors on Mond
Read moreIthaca Energy leaps on promising North Sea news
11th Sep 2013 11:29
News of an 'enormous leap forward' at its main development oil field invigorated shares in North Sea producer Ithaca Energy. The AIM- and Toronto-listed company revealed the first test well at its Greater Stella Area property had produced a good flow and high quality of oil. Chief Executive Office
Read moreTuesday broker round-up UPDATE
10th Sep 2013 08:17
African Barrick Gold: Investec shifts target price from 135p to 137p, while downgrading from hold to sell. Aquarius Platinum: JP Morgan moves target price from 39p to 49p, while downgrading from neutral to underweight. Citi lowers target price from 66p to 54p and downgrades from buy to neutral. As
Read moreWednesday broker round-up UPDATE
14th Aug 2013 07:53
Afren: Investec moves target price from 160p to 170p and stays with its buy recommendation. APR Energy: Investec places its target price (prev.: 900p) under review and maintains a hold recommendation. Aviva: Canaccord Genuity raises target price from 385p to 460p upgrading from hold to buy. Balfo
Read moreIthaca Energy expects full-year output at lower end of guidance
13th Aug 2013 10:28
Ithaca Energy's shares declined after the company said its anticipates full-year production will be at the lower end of annual guidance of 14,000 to 16,000 barrels of oil equivalent per day (boepd). The group based its 2013 expectations on production in the first half and the challenges ahead in s
Read moreThursday broker round-up UPDATE
4th Jul 2013 08:17
Aberdeen Asset Management: JP Morgan reduces target price from 573p to 476p and reiterates its overweight rating. Ashmore Group: JP Morgan cuts target price from 410p to 339p maintaining a neutral rating. ASOS: Jefferies raises target price from 2199p to 6200p and upgrades from underperform to buy
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