AFR.L Share News (AFR)

Afren Short Term Funding Deal Hit By Delay, To Be Concluded "Imminently"

Afren Reports Concerns About Individual To Bondholders, UK's SFO

Afren notifies UK's SFO over expense payment concerns

Embattled Africa-focused oil company Afren on Monday released a statement of its notification to the UK's Serious Fraud Office over concerns about expense payments expressed by the company's legal advisers. Afren said that its lawyers, Wilkie, Farr & Gallagher (WFG) have identified preliminary conce

MARKET COMMENT: London Shrugs Off Oil Price Weakness To Close Higher

Monday broker round-up

Bodycote: N+1 Singer downgrades to hold. Morrrison: Deutsche Bank lifts target to 210p from 190p and reiterates hold. Centrica: Deutsche Bank reiterates hold and 280p target price. Rio Tinto: HSBC downgrades to neutral. IGas Energy: Cannacord Genuity lowers target to 85p from 125p and reiterates

FTSE 250 movers: Afren lower on debt-for-equity swap, retailers and health stocks higher

Afren's share price was extending Friday's losses when the company proposed a debt-for-equity swap with lenders to keep it afloat. The deal will lead to a substantial dilution of shareholders' interests. More broadly, oil stocks tumbled on declining Brent crude prices, with Premier Oil and Nostrum O

London midday: China stimulus hopes help markets rebound

Bargain hunting and hopes for stimulus measures in China gave UK stocks a lift on Monday, as investors readied for a busy week for financial markets worldwide. The FTSE 100 was up 0.5% at 6,776.87 by midday. The Footsie had lost 2.5% over the past five sessions on the back of a strengthening US dol

UK WINNERS & LOSERS: CRH Falls As Doubts Cast On Holcim-Lafarge Merger

MARKET COMMENT: London Trades Higher, CRH Slides On Asset Deal Threat

UK BROKER RATINGS: HSBC Swaps Rio Tinto For Glencore In Super 10 List

London open: Stocks rebound after sell-off as markets eye Fed meeting

UK stocks gained on Monday as investors hunted for bargains following a sharp slide in the value of the FTSE 100 over the last week. Ahead of a busy week for financial markets worldwide, the Footsie was up 0.4% at 6,767.46 early on. The index had lost 2.5% over the past five sessions on the back of

MARKET COMMENT: FTSE 100 Ends Down As Oil Prices Resume Fall

London close: Resource and utility stocks drag markets lower, data comes in weak

UK stocks bounced off their lowest levels of the day by the close but still ended in the red as falling mining, energy and utility shares provided a drag. After touching a low of 6,713.50, London's FTSE 100 finished down 20.49 points (-0.3%) at 6,740.58, ending the week down 2.5%. Brent crude was t

Sector movers: Oil stocks drops as IEA warns of further crude declines

A fall in oil prices was hitting shares in the energy sector on Friday after the International Energy Agency (IEA) warned that crude may have further to fall. In its monthly report, the Paris-based institution said that the partial rebound that occurred at the start of the year seems to have paused

FTSE 250 movers: Afren plummets on looming dilution, Diploma higher on Kubo deal

Shares in Afren tumbled after the struggling oil and gas group proposed a debt-for-equity swap with creditors to address its funding needs and recapitalise . The company said it "will result in substantial dilution for existing shareholders", and if shareholders don't approve the plan, the company w