Investments and investor services
FTSE 100 can’t hold gains and closes in red as sterling firms
Britain's blue-chip benchmark closed down over nine points, or 0.13% to 7,214..
Company
LON:CNE
Capricorn Energy PLC is one of Europe’s leading independent upstream energy companies, headquartered in Edinburgh, UK. Historically it has discovered, developed and produced oil and gas in multiple settings throughout the world.
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Investments and investor services
Britain's blue-chip benchmark closed down over nine points, or 0.13% to 7,214..
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The week ahead includes the UK's budget statement and earnings from Morrisons, Prudential, Cairn Energy, Cineworld, Savills, Wetherspoons, Balfour Beatty and Fevertree
The new target of 300p sees some 34.5% upside to the current price of 223p
There was plenty of activity in the oil sector this past week, from both the small caps and the larger companies.
The FTSE 250-listed explorer also said its capital expenditure for the second half of 2017 was around US$205mln, principally comprising circa US$75mln development expenditure and about US$130mln exploration, appraisal and new venture expend
Investments and investor services
The pound is down 0.21% against the Euro and off 0.04% against the US dollar at the time of writing
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Day ahead includes trading updates from easyJet PLC, Cairn Energy PLC, Marston's PLC, Pets at Home PLC, plus interim results from IG Group PLC
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Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
The two AIM-quoted explorers intend to drill again at Barryroe in 2018, and landing a long-awaited new partnership would be a significant boon to their plans
Jefferies’ ‘hold’ rating for Tullow now comes with a new price target of 180p, up from 175p.
“The company agreed no fewer than seven transactions for the financial year ending 31 July 2017, all of which are in line with our strategy to advance our asset base towards value trigger events such as drilling"
Some of the biggest risers and fallers in London on Thursday
Cineworld left its full year guidance unchanged as the Christmas period sees the release of the highly-anticipated new Star Wars film
Market was subdued as US markets were closed for Thanksgiving
Lloyds's shares were changing hands at a rate of knots, while the house-builders saw some of their recent handsome gains creamed off
“We see the potential for Cairn to deliver multi-year, profitable, growth into the next decade,” Martin said in a note.
New discoveries onshore UK as well as abroad provided the week's oil and gas highlights.
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A glance at some of the day's highlights from the Proactive Investors newswire