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Article: Evening Standard, London, Market Report Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 17, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Evening Standard, London Knight Ridder/Tribune Business News
Dec. 17--Christmas spirit appears to be in short supply for shareholders of oil explorer BG Group, the price falling 4 1/2 pence to 274 pence, making it one of the biggest fallers among the top 100 companies.
The fall came in spite of bullish comments by US securities house Lehman Brothers. Word is brokers are being urged to scale down production targets following meetings with the company during the past few days.
Collectively analysts have been forecasting an 8 percent increase in the group's production targets, but one firm of brokers which contacted the Evening Standard ...