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Recent News

Tuesday 06 October, 2009

06-Oct-2009 05:15 PM

Dunelm founder to dispose of 7.8% shareholding

Homeware retailer, Dunelm says that its founder, Bill Adderley is intending to sell up to 15.6m shares, representing 7.8% of the issued share capital of the Company. A secondary placing will be managed by UBS and Oriel Securities. Following the placin...
06-Oct-2009 05:00 PM

Market Movers - Top risers and fallers at 17:00

FTSE 100 FRESNILLO ORD USD0.50 824.50 9.93% VEDANTA ORD USD0.10 2086.00 9.10% KAZAKHMYS ORD 20P 1093.00 9.08% TULLOW OIL ORD 10P 1209.00 ...
06-Oct-2009 04:46 PM

Ruffer Investment records 10.3% total return

Ruffer Investment Management says that the NAV per share increased from 152.6p at 1 July 2009 to 166.8p at 30 September 2009, net of a dividend of 1.5p. The Company recorded a positive total return of 10.3% during the period. The price-to-NAV moved fro...
06-Oct-2009 04:40 PM

Chloride Group trading in line

Power supplier, Chloride Group says that trading in the first six months to 30 September 2009 has been in line with expectations. Total sales were marginally higher than last year due in part to a 7% beneficial currency effect and a 3% contribution from...
06-Oct-2009 04:30 PM

Market Movers - Top risers and fallers between 15:00 and 16:00

Overall Market MAVINWOOD ORD 0.1P 1.25 11.11% WORKS MEDIA ORD 0.1P 0.35 7.69% OXUS GOLD ORD 1P 12.25 6.52% INFRA.INDIA ORD 1P 49.00 ...
06-Oct-2009 04:27 PM

UK Commercial acquires £146m property portfolio

UK Commercial Property Trust is to acquire a portfolio of commercial properties from Phoenix Life with an aggregate market value of £146m. Under the agreement, the Copany will pay Phoenix Life £35m cash and issue 163.794m new shares at 67.76p each. Foll...
06-Oct-2009 04:20 PM

Dawson remaining businesses are profitable

Dawson Holdings says that despite major difficulties, particularly those experienced by the news distribution division, the three other divisions have remained profitable and cash generative during the year to 30 September 2009. Management says that the...
06-Oct-2009 04:10 PM

Galleon extends US licence

Entertainment media company, Galleon Holdings says that it has licensed Sokator-442 and Super Fashion Star to its US stragic partner, Dragonfruit Studios. Under the terms of the agreement, Dragonfruit will pay $1.25m as an upfront fee, plus royalties on ...
06-Oct-2009 04:02 PM

Eurasian director resigns

Eurasian Natural Resources Corporation says that Michael Eggleton has resigned from the Board as an Independent Non-Executive Director with immediate effect. Michael Eggleton is leaving in order to take up the position of Chief Executive Officer of Eur...
06-Oct-2009 04:00 PM

Gold hits all -time high

Gold hit an all-time high today as gold for December delivery rose as high as $1040.3 an ounce. This beats the previous record of $1,032.90 an ounce in March 2008. Investors moved into gold after the US dollar was hit following reports that oil produc...
06-Oct-2009 04:00 PM

Market Movers - Top risers and fallers at 16:00

FTSE 100 TULLOW OIL ORD 10P 1214.00 8.88% FRESNILLO ORD USD0.50 811.50 8.20% VEDANTA ORD USD0.10 2058.00 7.64% KAZAKHMYS ORD 20P 1077.00 ...
06-Oct-2009 03:32 PM

UK GDP shows no growth in 3rd Qtr

The UK economy is bumping along the bottom with output unchanged in the quarter to September 2009, according to the National Institute of Economic and Social Research. NIESR says that industrial priduction was much weaker than expected in August which w...
06-Oct-2009 03:30 PM

Market Movers - Top risers and fallers between 14:00 and 15:00

Overall Market BERKELEY MIN. ORD 1P 3.63 13.28% INVESTMENT CO. ORD 50P 115.00 9.52% WORKS MEDIA ORD 0.1P 0.33 8.33% ISHAAN ORD 1P 41.00 ...
06-Oct-2009 03:18 PM

Grandtop holds 94.0% of Birmingham City FC

Grandtop International has received acceptances from shareholders representing 64.1% of issued share capital of Birmingham City Football Club. Together with its existing 29.9% holding, Grandtop now represents 94.0% of the issued shares and confirms th...
06-Oct-2009 03:11 PM

Robert Foux appointed to Stewart & Wright Board

Stewart & Wright has appointed Robert Foux as a Director with immediate effect. Robert is a chartered surveyor in private practice with over 20 years experience in the property sector. Story provided by Business Financial Newswire...
06-Oct-2009 03:08 PM

Conroy encouraged by zinc discovery

Irish explorer, Conroy Diamonds and Gold reports enouraging results from its licences in Monaghan and Armagh with samples indicating values ranging up to 4,047 parts per million zinc. A total of 166 samples were collected and analysed, returning an aver...
06-Oct-2009 03:00 PM

Market Movers - Top risers and fallers at 15:00

FTSE 100 KAZAKHMYS ORD 20P 1076.00 7.39% RANDGOLD RES. ORD $0.05 4448.00 6.06% TULLOW OIL ORD 10P 1182.00 6.01% VEDANTA ORD USD0.10 2026.00 ...
06-Oct-2009 02:55 PM

BlackRock 'shorts' Barratt Developments

House builder, Barratt Developments has been 'shorted' by BlackRock Investment Management. As at 5 October 2009, BlackRock held a short position equivalent to 0.47% of the issued share capital of Barratt Developments. The Barratt share price was up 9....
06-Oct-2009 02:51 PM

Hidefield disposes of Alaskan Project

Hidefield Gold says that together with its joint venture partner, Mines Trust, it has executed an option agreement with Fire River Gold in respect of the Golden Zone Project, Alaska. Fire River Gold has acquired a 100% interest in the project which w...
06-Oct-2009 02:30 PM

Market Movers - Top risers and fallers between 13:00 and 14:00

Overall Market CAYENNE TST SUB SUB SHS 1P 11.25 18.42% MICROCAP ORD 1P 0.27 17.78% ALECTO ENGY ORD 0.07P 0.19 8.82% YINGGAO HLDGS ORD 0.5P 1.75 ...
06-Oct-2009 02:28 PM

Bankers current production 7,000 bopd

Albanian oil explorer, Bankers Petroleum reports 3rd Qtr production of an average of 6,258 bopd which is slightly lower than the 6,383 bopd achieved during the 1st Qtr. The slight drop in production was due to restricted production during the month of...
06-Oct-2009 02:05 PM

Grainger CEO Retires

Grainger says that its CEO, Rupert Dickinson is to step down from the Board due to ill health. He will be replaced by the current Deputy Chief Executive and Finance Director, Andrew Cunningham. A search has commenced for a new Property Director and Fin...
06-Oct-2009 02:00 PM

Grainger trading profits reduced

Residential property owner, Grainger says trading profits for the year to 30 September 2009 will be lower than last year even though sales are expected to be more than 21% higher at £220m. The Group says that margins declined due to the fall in house p...
06-Oct-2009 02:00 PM

Market Movers - Top risers and fallers at 14:00

FTSE 100 KAZAKHMYS ORD 20P 1072.00 6.99% ANTOFAGASTA ORD 5P 787.00 5.43% RANDGOLD RES. ORD $0.05 4412.00 5.20% VEDANTA ORD USD0.10 2011.00 ...
06-Oct-2009 01:34 PM

Target raises funds via directors' loans

Sierra Leone gold & diamond miner, Target Resources says that the Managing Director, Nissim Levy and Finance Director, Yair Ziv have granted the Company a loan of up to $100,000 , in addition to the amounts loaned in June 2009. The additional loan is to...