Friday, 3rd July 2015

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News & Reports

JPMorgan upgrades BP to 'overweight' on Gulf of Mexico settlement

Fri 3rd Jul 15, 07:52:28

JPMorgan Cazenove upgraded BP to 'overweight' from 'neutral' and raised the price target to 475p from 450p following the company's unexpected settlement on Thursday over the 2010 Gulf of Mexico oil spill.

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Ferrexpo posts record production of premium iron ore pellets

Iron miner Ferrexpo said on Friday that pellet production grew in the second quarter and in the first half as it reached record production of premium 65% iron ore pellets, which made up 89% of volumes. 1 hour ago

Gulf Keystone Petroleum faces new board exodus

Gulf Keystone Petroleum has awoken to a fresh bedroom crisis, with the exit of three board members just days before its annual shareholder meeting. 2 hours ago

London pre-open: Flat start expected with investors nervous ahead of Greek referendum

UK stocks are expected to open flat on Friday morning as market pause for breath ahead of a quiet day, with investors awaiting a pivotal weekend for Greece. 1 hour ago

Greek banking crisis deepens as cash reserves drop to ?500m

The head of the Hellenic Chambers of Commerce Constantine Michalos has confirmed that cash reserves at Greek banks were down to just 500m. 2 hours ago

Optimal Payments eyes FTSE 250 listing

Online payments group Optimal Payments (OPAY) said trading remained strong in recent weeks and that it planned, once its acquisition of rival Skrill is complete, to move from AIM to the main market, where it expects to be eligible for inclusion in the FTSE 250 index. 2 hours ago

RBS facing $13bn bill for mortgage bond claim

Royal Bank of Scotland faces a $13bn claim over allegations regarding its actions before the 2008 crisis, reports said. 2 hours ago

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