Cairn Energy seeks shareholder nod to sell Cairn India stake
The I-T Department had earlier this year restrained Cairn from selling the stake over alleged tax evasion on Rs 24,500 crore of capital gains made when it transfered its India assets to a new company, Cairn India, in 2006-07.
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Mon Apr 14, 2014
Cairn Energy PLC Stock Rating Reaffirmed by Numis Securities Ltd
's stock had its "buy" rating reaffirmed by analysts at Numis Securities Ltd in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports.
Fri Apr 11, 2014
Cairn Energy PLC (CNE) - Analysts' Weekly Ratings Changes
A number of firms have modified their ratings and price targets on shares of Cairn Energy PLC recently: Cairn Energy PLC had its "overweight" rating reaffirmed by analysts at HSBC.
Broker tips: Fresnillo, WH Smith, Cairn Energy, Gambling stocks
JPMorgan Cazenove has lifted its price target for Fresnillo from 965p to 1,030p and kept an 'overweight' rating, saying it continues to favour the Mexican precious metals producer over sector peer Hochschild .
Cairn Energy boardroom departures 'unexpected', says UBS
UBS has kept a 'neutral' rating on Scottish oil and gas group Cairn Energy after the surprise departure of two high-level executives.
Thu Apr 10, 2014
Cairn Energy's Deputy CEO and Managing Director step down
Cairn Energy's Deputy Chief Executive Officer Mike Watts, Managing Director and Chief Financial Officer Jann Brown are stepping down as executive directors of the company.
Tue Apr 08, 2014
Cairn Energy: Recent Share Price Decline Provides 80% Upside
Unwarranted asset freeze by Indian tax authorities, unsuccessful investment in Greenland as well as material capex expected on further development projects has caused 50% decline in share price.
Thu Apr 03, 2014
Cairn Energy suffers fresh tax trauma
New Delhi, April 3: Cairn Energy has been slapped with two more tax notices, which the Scottish explorer plans to counter vehemently.
Mon Mar 31, 2014
FTSE 250 movers: Evraz continues to recover, miners gain
Steel producer Evraz continued its recent volatile moves on Monday, rising over seven per cent to the top of the risers list on the FTSE 250.
Thu Mar 27, 2014
Cairn Energy shares continue recovery
SHARES in Cairn Energy have continued their recent bounce back following broker updates and a near 100,000 purchase of stock by Sir Bill Gammell's wife.
FTSE 250 movers: WH Smith jumps on Investec target price increase
WH Smith was a strong riser after Investec reiterated its 'buy' rating on the stock and raised its target price from 1,200p to 1,400p ahead of its first-half results on April 10th.
Wed Mar 26, 2014
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Canacol Energy Ltd. Announces Director Resignation
Canacol Energy Ltd. announces that Mr. Gary Petersen has resigned from its Board of Directors effective March 25, 2014.
Tue Mar 25, 2014
Cairn Energy directors' investments help firm rebound from falls
DIRECTORS at Cairn Energy have spent more than 223,000 on shares in the oil and gas explorer helping the price rebound 6% from recent falls.
FTSE 250 movers: 888 rises on strong full-year results
Online gaming group 888 rose on the back of a strong performance and a highly cash generative year, which prompted the proposal of an extra one-off dividend of 7.0 cents per share on top of a final dividend of 4.0 cents.
Mon Mar 24, 2014
Indian tax inquiry takes toll on Cairn Energy as analysts adopt neutral stance
OIL explorer Cairn Energy has suffered another blow after previously enthusiastic analysts at Davy Research cut their stance on the stock to neutral from outperform.
Sat Mar 22, 2014
Cairn Energy PLC Price Target Cut to GBX 304
The stock had a trading volume of 12,497,323 shares. has a one year low of GBX 163.00 and a one year high of GBX 309.60.
Thu Mar 20, 2014
Cairn Energy PLC Lowered to Neutral at RBC Capital
They currently have a GBX 250 price target on the stock, down from their previous price target of GBX 350 .
Thursday broker round-up
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell.
Wed Mar 19, 2014
Cairn suspends $300m share buyback over tax dispute
Cairn Energy spooked investors yesterday by halting its $300 million share buyback programme as it attempts to resolve a tax dispute with the authorities in India.