AIM-listed Xcite Energy updated investors on the restructuring of its $135m senior secured bonds on Monday after its share price surged at the end of last week.
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged.
Asos'schief operating officer, Nick Beighton, who has been promoted or perhaps demoted from finance director after three profit warnings in the last seven months, increased his skin in the game with a significant share purchase on Wednesday morning after the company unveiled final results.
A round-up of the biggest director deals today so far.
Xcite Energy has moved a step forward in its plans to develop the Bentley Field in the North Sea with a construction deal now confirmed.
Analysts can sometimes surprise with their uncanny ability to leave out well-known events from their forecasts for companies´ profits. Such is the case with Experian. The number crunchers at many brokers seem to have just woken up to the fact that the upcoming World Cup in Brazil may negatively impact business levels at Experian on the days when the home team is playing. Then there are the continuing changes in the US credit check market and the slowdown in the US mortgage market. The share price duly crumbled when the firm woke analysts up to those facts.
1630: Close UK markets ended today's session broadly flat as investors digested a raft of corporate update, poor retail data, a slight easing of the situation on Eastern Europe, along with a number of stocks going ex-dividend.
Large reserve estimates are great, but there is quite a gap between that and actually getting the black stuff out of the ground. Even so, independent North Sea oil explorer Xcite Energy yesterday took one step closer to that goal. The company announced that it will share field-specific information with Shell and Statoil for the evaluation of its Bentley heavy oil field. Furthermore, they will share infrastructure, assets and operational solutions to develop the field.
Oil explorer Xcite Energy has done a deal to work with Royal Dutch Shell and Norway's Statoil on North Sea oil fields.
North Sea-focused Xcite Energy has entered into a memorandum of understanding with Teekay Shipping Norway for the supply of a bridge linked Sevan floating storage and offloading (FSO) facility for the life of its flagship Bentley field.
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight.
Advanced Medical Solutions: Panmure Gordon downgrades from buy to hold with a target price of 102p.
North Sea-focused oil appraisal and development firm Xcite Energy disappointed investors on Friday after saying that talks with potential farm-out partners and lenders are still ongoing regarding its flagship project, the Bentley oil field.