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Tuesday 13 April, 2010

13-Apr-2010 11:30 AM

Market Movers - Top risers and fallers between 10:00 and 11:00

Overall Market GOLDSTONE RES ORD 1P 5.10 11.48% M&G EQ.IT CAP. CAP SHS 1P 2.05 10.81% ANGLO ASIAN ORD 1P 23.25 10.71% ATLANTIC COAL ORD 0.07P 0.68
13-Apr-2010 11:29 AM

Queenco Chairman to step down

Queenco Leisure International says that Ron Be'ery will resign as Chairman within the next three months but will remain as a director. The Board has appointed Yigal Zilkha as his replacement. Story provided by Business Financial Newswire..
13-Apr-2010 11:24 AM

Mouton appointed MD of Hammerson French operations

Hammerson has appointed Jean-Philippe Mouton as Managing Director of Hammerson France with immediate effect. Jean-Philippe, who is a member of the Group's Executive Committee, assumed responsibility for running the Company's French business in
13-Apr-2010 11:22 AM

Newbury Racecourse positive start to 2010

Newbury Racecourse has posted a post tax loss of £0.67m for the year to 31 December 2009 compared to a profit of £0.34m for the previous year. Turnover was down 8% at £10.2m which reflects the loss of the totesports day in February and other fixtures i
13-Apr-2010 11:05 AM

Atlantic Coal signs major supply agreement

US miner, Atlantic Coal has signed a strategic agreement to supply Xcoal Energy & Resources with up to 150,000 tons of anthracite per year from its Stockton mine Additionally, the two parties have mutually agreed to evaluate opportunities for Xcoal
13-Apr-2010 11:00 AM

Market Movers - Top risers and fallers at 11:00

FTSE 100 DIAGEO ORD 28 101/108P 1162.00 1.93% KINGFISHER ORD 15 5/7P 236.80 1.85% LEGAL&GEN. ORD 2 1/2P 92.90 1.75% NEXT ORD 10P 2335.00
13-Apr-2010 10:56 AM

Stobart income shares convert

Stobart Group says that holders of 3.6m income shares have opted to convert into £3.1m ordinary shares. At the same time, the Company says it has received redemption notices to redeem 0.79m Income Shares. Story provided by Business Financial New
13-Apr-2010 10:51 AM

British Gas £5m acquisition

Centrica,through its British Gas division, has acquired Hillserve, a domestic insulation company, for £5m cash plus an adjustment for net cash within the business of around £1.3m. Hillserve operates in the North West of England and Wales and currently e
13-Apr-2010 10:47 AM

Standard Life £5.3m retail warehouse purchase

Standard Life Investments Property Income Trust has agreed to purchase a retail warehouse in Bury, Greater Manchester for £5.3m,representing a net initial yield of 7%. The 41,280 sqft unit is let to B&Q on a lease expiring in June 2022 at a current re
13-Apr-2010 10:42 AM

SEGRO appoints Gulliford

SEGRO has appointed Andrew Gulliford as Managing Director, Continental Europe. Andrew has been at SEGRO for 6 years, latterly as Business Development Director and in January 2010 was given additional responsibilities in the running of the Continental Eur
13-Apr-2010 10:36 AM

Herald Investment Trust NAV up 8.6% in Q1

Herald Investment Trust has posted a net asset value total return of 8.6% for Q1 2010. During the period the Company made net sales of £12m and bought back 230,000 of its own shares for £0.8m. At the end of March 2010, £50m had been drawn under the £75
13-Apr-2010 10:30 AM

Discover Leisure interim loss £1.7m

Caravan retailer, Discover Leisure has posted a loss of £1.7m (2009 interim loss £10.2m) for the six months to 28 February 2010. Sales were more than halved at £18.2m ( 2009 interim revenues £40.7m)following the restructuring of the Group activities, th
13-Apr-2010 10:30 AM

Market Movers - Top risers and fallers between 09:00 and 10:00

Overall Market ENGEL ORD EUR0.01 1.13 12.50% EATONFIELD ORD 1P 2.45 7.69% INSETCO ORD 0.001P 22.50 7.14% Q RESOURCES ORD NPV 17.00
13-Apr-2010 10:24 AM

Morning broker moves round-up

Antofagasta downgraded to hold from buy at Citigroup, target raised to 1160p from 1075p. Cable & Wireless Communications downgraded to underperform from neutral at Credit Suisse, TP cut to 54p from 62.4p. Carnival upgraded to buy from hold at Numis and
13-Apr-2010 10:03 AM

Totally returns to profit

Jewish News publisher Totally was back in the black for the year to December on the back of cost cuts and increased revenue. Revenue from continuing operations was £1.76m, up 4% from the previous £1.69m. EBITDA rose to a positive £0.17m against a 2008
13-Apr-2010 10:01 AM

Ruling against SiRF upheld, says CSR

The US Court of Appeals for the Federal Circuit has upheld the International Trade Commission against SiRF, CSR said today (13 April). It says: "As the final ITC ruling has been in effect since January 2009, CSR has and will continue to conduct its
13-Apr-2010 10:00 AM

Market Movers - Top risers and fallers at 10:00

FTSE 100 DIAGEO ORD 28 101/108P 1175.00 3.07% LEGAL&GEN. ORD 2 1/2P 93.20 2.08% KINGFISHER ORD 15 5/7P 236.50 1.72% MAN GROUP USD0.03428571 269.40
13-Apr-2010 09:56 AM

GeoPark posts pre-tax loss of $7.5m

Latin American-focused oil and gas explorer and producer GeoPark Holdings posts a pre-tax loss of $7.5m for the year to the end of December compared with a profit of $3.9m last time. Net revenues rose to $44.8m from $38.4m but productions costs increased
13-Apr-2010 09:54 AM

DCLG house prices fall month-on-month

The latest UK house price index statistics produced by Communities and Local Government were released on today, including data based on mortgage completions during the month of February 2010. UK house prices were 7.4% higher than in February 2009 and 0.1
13-Apr-2010 09:51 AM

Crimson Tide reaches EBITDA break-even

Mobile data and business software solutions company Crimson Tide reached profitability at EBITDA level, in line with expectations, in the year to December. Revenue fell from £1.78m to £1.46m, reflecting a move away from lower-margin activities to focus
13-Apr-2010 09:50 AM

AFC Energy gets positive independent technology review

Low-cost alkaline fuel cells developer AFC Energy has received a positive independent interim review of the technical activity that has taken place in the company. The review was by Dr Jon Helliwell, project manager, fuel cell applications at the Centre
13-Apr-2010 09:45 AM

Elan and Biogen present data on MS drug

Biogen Idec and Elan Corporation are presenting a large body of data on the multiple sclerosis drug Tysabri at the American Academy of Neurology's 62nd annual meeting in Toronto. The presented data, based on post-hoc analyses and patient-reported o
13-Apr-2010 09:45 AM

UK trade deficit narrowed to £2.1bn February

The UK's deficit on trade in goods and services was £2.1bn in February, compared with a deficit of £3.9bn in January (originally published as a deficit of £3.8bn). The surplus on trade in services was £4.1bn in February, compared with a surplus of £
13-Apr-2010 09:41 AM

Macau Property Opportunities plans main market move

Macau Property Opportunities Fund plans to move from AIM to the LSE's main market in Q2 2010. The fund says the move should should help in improving liquidity, enhancing its market profile and broadening its shareholder base. In a first-quarter up
13-Apr-2010 09:39 AM

IdaTech business energy tax credit appeal fails

IdaTech's appeal to the Oregon Department of Energy for the re-instatement of the business energy tax credit for 2009 has been unsuccessful. The company has decided not to pursue the matter further. The company has already factored this outcome