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Thursday 17 December, 2009

17-Dec-2009 05:26 PM

Noventa to restart Marropino mine production

Mozambique miner, Noventa says that it aiming to restore production of Tantalum concentrate at the Marropino mine by March 2010. Initially, this will be through the re-processing of tailings which have been stockpiled over the last five years, and cont...
17-Dec-2009 05:00 PM

Market Movers - Top risers and fallers at 17:00

FTSE 100 RENTOKIL INITL. ORD 1P 106.50 1.43% INVENSYS ORD 10P 283.40 0.75% G4S ORD 25P 259.60 0.70% CADBURY ORD 10P 792.00 ...
17-Dec-2009 04:30 PM

NEOVIA wins eight new deals

NEOVIA Financial - the independent global online payments business - announces eight more contract wins for its NEOVIA Payment Suite. Each company is using the NEOVIA Payment Suite to take online payments at their website. The NEOVIA Payment Suite fea...
17-Dec-2009 04:30 PM

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

Overall Market DAWSON HLDGS. ORD 1P 7.25 20.83% PRIVATE&COMM. ORD 5P 8.00 10.34% ASIA DIGITAL ORD 0.1P 0.48 10.23% COMS ORD 1P 6.38 ...
17-Dec-2009 04:17 PM

Watford Leisure appoints Taylor as interim chairman

Watford Leisure has appointed non-executive director Graham Taylor as chairman on an interim basis with immediate effect. The former England boss was manager of Watford in the 80s. Story provided by Business Financial Newswire...
17-Dec-2009 04:14 PM

Noventa appoints new CFO

Noventa has appointed Daniel Cassiano-Silva as chief financial officer with effect from 1 January. He is being appointed as a director of all subsidiaries including Highland African Mining Company Limitada, Noventa's Mozambican principal operating subsi...
17-Dec-2009 04:08 PM

Astra has 70% of FDM

Astra has received acceptances, irrevocable undertakings or is otherwise interested in 16,449,156 FDM shares - 70.84% of the existing issued share capital. Astra's increased cash was recommended yesterday (16 December). Story provided by Business Fi...
17-Dec-2009 04:00 PM

Serabi draws down £300,000 convertible loan

Serabi Mining has drawn down the £300,000 convertible loan facility from Greenwood Investments. The loan is convertible into new ordinary shares at an exercise price of 1.5p per ordinary share at any time on or before 31 October 2014. A maximum of 20,00...
17-Dec-2009 04:00 PM

Market Movers - Top risers and fallers at 16:00

FTSE 100 RENTOKIL INITL. ORD 1P 107.00 1.90% INVENSYS ORD 10P 283.70 0.85% G4S ORD 25P 259.50 0.66% CADBURY ORD 10P 792.00 ...
17-Dec-2009 03:56 PM

Aurora Russia net profits up

Aurora Russia's net asset value at the end of September stood at £81.43m - 2% up on the end of March. Cash and cash equivalents were £3.49m, compared to £4.12m as at 31 March. Consolidated net profit for the period of £1.99m was up from £1.08m for the s...
17-Dec-2009 03:46 PM

Luminar needs significant improvement in sales

Bars and nightclubs group Luminar will need a significant improvement in recent sales trends if it is to meet market expectations. The firm noted movements in its share price today (17 December) and said that since its interim results in October it had e...
17-Dec-2009 03:36 PM

US gas storage falls to 3,566bn cu ft

US working gas in storage was 3,566bn cu ft as of Friday 11 December, according to Energy Information Administration estimates. This represents a net decline of 207bn cu ft from the previous week. Stocks were 381bn cu ft higher than last year at this ...
17-Dec-2009 03:30 PM

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

Overall Market DAWSON HLDGS. ORD 1P 7.25 20.83% D1 OILS ORD 1P 6.75 15.78% COMS ORD 1P 6.38 13.33% KALIMANTAN COM SHS USD0.01 (DI) 4.25 ...
17-Dec-2009 03:29 PM

Newbury signs new deal with Turf TV

Newbury Racecourse has signed a new agreement for the supply of live racing pictures to betting shops in the UK and Ireland with Amalgamated Racing, the owner of Turf TV. The new five-year agreement will replace Newbury Racecourse's current contract with...
17-Dec-2009 03:21 PM

Dawson agrees new funding arrangements

Dawson Holdings has agreed new funding arrangements with GE Capital and Barclays Bank. Barclays will provide the company's day-to-day banking requirements, while GE Capital will provide a working capital facility of up to £7m. The working capital facili...
17-Dec-2009 03:14 PM

Philly Fed Index rises to 20.4 from 16.7

Activity in the region's manufacturing sector is expanding, according to firms polled for the Federal Reserve Bank of Philadelphia's December Business Outlook Survey. Indexes for general activity, new orders, and shipments all remained positive this mon...
17-Dec-2009 03:09 PM

US Conference Board LEI up 0.9%

The US Conference Board Leading Economic Index increased 0.9% in November, following a 0.3% gain in October and a 1.2% rise in September. Conference Board economist Ataman Ozyildirim said: "The Conference Board LEI has been on an uptrend for more than h...
17-Dec-2009 03:00 PM

Market Movers - Top risers and fallers at 15:00

FTSE 100 RENTOKIL INITL. ORD 1P 108.10 2.95% EXPERIAN ORD USD0.10 632.00 1.44% INVENSYS ORD 10P 284.30 1.07% ADMIRAL GRP ORD 0.1P 1137.00 ...
17-Dec-2009 02:58 PM

PKN ORLEN issues bonds to subsidiary

PKN ORLEN has issued PLN25m short term bonds to its subsidiary, Zaklady Azotowe Anwil. The bonds - issued in accordance with a programme signed by PKN ORLEN and a syndicate of six banks in November 2006 - are used for managing the working capital of PKN ...
17-Dec-2009 02:53 PM

Tribal acquires minority interests of Tribal HELM

Public sector professional services provider Tribal Group has acquired all the minority interests in its subsidiary, Tribal HELM Corporation, for £6.3m. Tribal HELM is now wholly-owned by Tribal and its UK and international activities will form part ...
17-Dec-2009 02:48 PM

Aer Lingus reaches deal over maintenance

Aer Lingus has reached agreement with SR Technics over line maintenance operations at Dublin Airport. A total of 96 former SRT employees will transfer to a newly-established Aer Lingus subsidiary - Aer Lingus (Ireland) Ltd - and will provide maintenance...
17-Dec-2009 02:42 PM

Baobab's Tete drilling season concludes

Mozambique-focused iron ore, base and precious metals firm, Baobab Resources, will launch an aggressive exploration campaign within the Massamba Group area of its Tete magnetite-ilmenite project in early 2010. The Massamba Group is composed of a cluster ...
17-Dec-2009 02:30 PM

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

Overall Market BRINKLEY MINING ORD 0.15P 1.25 10.62% D1 OILS ORD 1P 7.00 10.58% LENI GAS ORD 0.05P 3.13 8.70% WFCA ORD 1P 3.25 ...
17-Dec-2009 02:24 PM

ProfMedia increases holding in Rambler Media

ProfMedia has increased its holdings in Rambler Media - the operator of one of Russia?s most popular internet brands - to more than 88%. Rambler Media said ProfMedia group through its holding company, PM Invest Co, acquired 2,006,522 shares - around 13.0...
17-Dec-2009 02:16 PM

British Portfolio Trust outperformed by benchmark

British Portfolio Trust's net asset value rose 13.6% in the year to the end of October while its share price increased by 16.5%. Its benchmark, the FTSE All-Share Index, increased by 18.4% during the same period. Chairman A.C. Barker said the return wa...