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Magnolia Petroleum involved in new Oklahoma wells
Magnolia Petroleum, the AIM-quoted US focused oil and gas exploration and production company, said three extra increased density oil wells would be drilled near the Gilchrist well in Oklahoma.
Solo Oil looking forward to second Tanzania well
Solo Oil said Aminex, the operator of its Ruvuma petroleum sharing contract, was progressing towards drilling a on the Ntorya gas field in Tanzania.
GoPro to cut more than 250 jobs after disappointing holiday quarter
GoPro announced that it would be undertaking a major restructuring of its business on Monday after issuing an unexpected warning on sales over the holiday period.
Morgan Stanley ups targets for BP and Shell, despite 'peak oil demand' concerns
Analysts at Morgan Stanley revised their price targets for a broad swathe of the European oil majors higher, despite 'peak oil demand' concerns in the marketplace, naming BP and Shell as their 'top picks' in the process.
UK manufacturers optimistic for 2018 despite Brexit worries
According to EEF/AIG's executive survey, the country's manufacturers are entering 2018 in the most optimistic mood about the global economic outlook since 2014, albeit amid a rising balance of companies who see more risks than opportunities.
FTSE 100 movers: Micro Focus tumbles on revenue warning; G4S shines after upgrade
London's FTSE 100 was down 0. 3% to 7,704. 22 in afternoon trade on Monday, reversing gains after hitting a fresh high of 7,733. 39 earlier, with housebuilders and Micro Focus under pressure.
Touchstar expects trading inline with market expectations
Mobile computing solutions group Touchstar told investors on Monday that it was expecting results for its fiscal year ended 31 December to fall in line with market expectations driven by continued progress throughout the second half.
Ashtead's 'overweight' rating reiterated by JP Morgan, target price upped
Analysts at JP Morgan Cazenove revised their target price for Ashtead Group' s shares from 2,400p to 2,450p and reiterated their 'overweight' rating on the same, highlighting the 'rare' opportunity for the company, which was already a market leader in the US, to continue growing its market share in that North American market.
Prospex Oil and Gas raises £1.2m in placing
AIM-listed Prospex Oil and Gas has raised £1. 2m in an oversubscribed placing of 200m shares, which will ensure the group is fully funded for its basic 2018 work programmes across its portfolio of investments in late stage European onshore oil and gas projects.
Monday broker round-up
Thomas Cook Group plc: Morgan Stanley upgrades to overweight with a target price of 140p.
FTSE 250 movers: TP Icap lower after new purchase; Babcock steams ahead
FTSE 250-listed inter-dealer broker TP Icap edged down as it acquired US-based energy and commodities broker SCS Commodities based for an undisclosed cash sum and further performance-related amounts over five years.
Amryt Pharma signs distribution agreement for Lojuxta in Switzerland
Biopharmaceutical group Amryt Pharma has signed an exclusive distributor agreement for Lojuxta, its treatment for homozygous familial hypercholesterolemia (HoFH) - a rare, life-limiting disease that impairs the body's ability to remove bad cholesterol from the blood - in Switzerland.
Micro Focus share slump as H1 numbers disappoint
Shares in Micro Focus slumped in early morning trade as first half results failed to meet expectations as the stock.
FCA fines former RBS trader over Libor rigging
The Financial Conduct Authority has slapped a £250,000 fine on former RBS trader, Neil Danziger, for attempting to manipulate the Libor rate for the Japanese yen.
McBride warns over first-half operating profit
Personal care and cleaning products manufacturer McBride was under the cosh on Monday as it said full-year earnings would be broadly in line with the prior year while operating profit for the first six months of the year will below the board's expectations.
European consumer, business and investor sentiment surveys all impress
European consumer, business and investor sentiment surveys were all better than expected on Monday, though expectations for inflation and therefore interest rates remain low.
Europe midday: Stocks add to gains as euro dips
Stocks are holding on to their early advance, following bumper gains during the prior week and amid an ongoing debate among analysts regarding the outlook for shares in 2018.
Europe open: Stocks add to gains as analysts debate outlook
Stocks have gotten off to a mildly positive start, following bumper gains during the week before, amid an ongoing debate among analysts regarding the outlook for shares in 2018.
UK economic sentiment rises along with improved EU mood
UK economic sentiment improved in December, according to a European Commission survey released on Monday.
London midday: FTSE hits fresh record but house price data weighs on builders
London's FTSE 100 hit a fresh high on Monday, although a revenue warning from Micro Focus and a profit warning from Mothercare meant gains were minimal, with housebuilders under the cosh following disappointing data from Halifax.