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Monday 25 January, 2010

25-Jan-2010 05:00 PM

Market Movers - Top risers and fallers at 17:00

FTSE 100 LEGAL&GEN. ORD 2 1/2P 78.95 3.68% RSA INS. ORD 27.5P 128.40 2.07% ROYAL BANK SCOT ORD 25P 35.36 1.96% BARCLAYS ORD 25P 276.00
25-Jan-2010 04:30 PM

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

Overall Market FITBUG ORD 1P 7.25 9.43% A.B.ENGINEERING ORD £2 122.50 8.89% MERCHANT HSE ORD 0.01P 0.34 8.06% ANDES ENERGIA ORD 10P 22.00
25-Jan-2010 04:00 PM

Market Movers - Top risers and fallers at 16:00

FTSE 100 LEGAL&GEN. ORD 2 1/2P 78.70 3.35% BARCLAYS ORD 25P 277.20 2.16% RSA INS. ORD 27.5P 128.50 2.15% BR.LAND ORD 25P 438.30
25-Jan-2010 03:35 PM

Jersey Electricity volumes slip

The Jersey Electricity company says that sales of electricity fell by 4% in the first quarter to 31 December 2009. All three individual months in the quarter experienced temperatures above those in the corresponding period in 2008 and this milder weathe
25-Jan-2010 03:30 PM

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

Overall Market PLANT IMPACT ORD 1P 24.00 14.29% NOSTRA TERRA ORD 0.1P 1.25 12.61% BALTIC OIL ORD 1P 23.25 10.71% ALECTO ENGY ORD 0.07P 0.30
25-Jan-2010 03:00 PM

Market Movers - Top risers and fallers at 15:00

FTSE 100 LEGAL&GEN. ORD 2 1/2P 79.25 4.07% BARCLAYS ORD 25P 279.60 3.04% STAND.CHART. ORD USD0.50 1461.00 2.31% ROYAL BANK SCOT ORD 25P 35.44
25-Jan-2010 02:53 PM

Mitchells & Butlers Board rejects Piedmont proposal

The Board of pubs group, Mitchells & Butlers has rejected a proposal received yesterday from its major shareholder, Piedmonth Inc. It says Piedmont's position seems not to have changed in any substantive respect from that previously stated. The B
25-Jan-2010 02:31 PM

African Minerals go ahead for 19.9% Cape Lambert acquisition

Sierra Leone explorer, African Minerals says that its acquisition of 19.9% of Cape Lambert Resources has been approved. Frank Timis, Executive Chairman of AML adds: "The proceeds from the recent placing together with the conditional agreement with
25-Jan-2010 02:30 PM

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

Overall Market MERCHANT HSE ORD 0.01P 0.31 12.73% ALECTO ENGY ORD 0.07P 0.30 9.09% CAPE RES ORD 1P 4.63 8.82% BAOBAB RES. ORD 1P 8.75
25-Jan-2010 02:21 PM

Jamie Reynolds appointed MSS Director

Managed Support Services has appointed Jamie Reynolds as a Director. Mr Reynolds joined MSS in December 2009 from GSH Group, where he held the role of co-CEO. Story provided by Business Financial Newswire...
25-Jan-2010 02:17 PM

Sound Oil receives further approaches

Indonesian upstream oil and gas company, Sound Oil says that since the termination of discussions on 4 December 2009 about a possible acquisition, it has received approaches from a number of parties regarding potential transactions, although none has y
25-Jan-2010 02:02 PM

ZincOx $12.2m receipt boosts cash reserves

ZincOx Eesources says it has received $12.2m as part of the deferred payments from the sale of its Shaimerden zinc deposit. To date, payments in respect of 190,174 tonnes have been received at an average price of US$2,314 per tonne. One final payment
25-Jan-2010 02:00 PM

Market Movers - Top risers and fallers at 14:00

FTSE 100 LEGAL&GEN. ORD 2 1/2P 78.95 3.68% BARCLAYS ORD 25P 279.35 2.95% ROYAL BANK SCOT ORD 25P 35.62 2.71% STAND.CHART. ORD USD0.50 1462.50
25-Jan-2010 01:56 PM

Midas disposes of wealth management arm

Fund manager, Midas Capital has sold iimia Wealth Management to Jardine Lloyd Thompson for £7.25 million. As at 30 June 2009 the net book value of the iWM business, after deduction of intangible assets and net intercompany indebtedness, was £2.8million.
25-Jan-2010 01:48 PM

Max Property acquires South East business parks

Max Property Group has acquired ten office investments from UBS Triton Property Fund for £36.5m plus acquisition costs. The 760,000 sqft portfolio produces a rent roll of £5.0m pa and is 46% vacant by floor area, with a rental value on the vacant space
25-Jan-2010 01:42 PM

Hallin Marine takeover receives court approval

Superior Energy Services' cash takeover bid for Hallin Marine has been given court approval. The cash consideration of 233p per share will despatched on 9 February 2010. Story provided by Business Financial Newswire...
25-Jan-2010 01:34 PM

AfNat disposes of shareholding in Marenica Energy

AfNat Resources says it has disposed of its entire shareholding in Marenica Energy and that the net proceeds will be used to increase the Company's cash balance. AfNat retains an interest in 10,325,000 options over ordinary shares in Marenica Energ
25-Jan-2010 01:30 PM

Market Movers - Top risers and fallers between 12:00 and 13:00

Overall Market CASSIDY BROS. ORD 10P 62.50 14.68% MERCHANT HSE ORD 0.01P 0.31 12.73% HERENCIA ORD 0.1P 0.63 9.57% NASSTAR ORD 1P 11.75
25-Jan-2010 01:29 PM

ViaLogy share issue after option exercise

ViaLogy has issued 457,015 new shares following the exercise of options held by former employees of its wholly-owned subsidiary, ViaLogy LLC. The new shares will be admitted for trading on 29 January 2010. Story provided by Business Financial New
25-Jan-2010 01:23 PM

Wyatt to be appointed as Caledonia CEO

Caledonia Investments says that Tim Ingram will retire as Chief Executive after 8 years at the next AGM on 21 July 2010. He will be replaced by main board director Will Wyatt who has worked for the Group for the last 10 years. Story provided
25-Jan-2010 01:17 PM

Stratic Energy abandons Syrian well

Stratic Energy Corporation is abandoning its Al Tayr 101 well in Syria following an unsuccessful test program. Mark Bilsland, Stratic's Chief Operating Officer says: "We are disappointed that this promising prospect failed to flow gas to surfa
25-Jan-2010 01:11 PM

Non-exec lends Watford FC £500,000

Watford Leisure says that its 96%-owned subsidiary, Watford Football Club has received a £500,000 short term, unsecured loan from non-executive director, David Fransen. The loan is to help fund potential player transfer activity during the January window
25-Jan-2010 01:00 PM

Market Movers - Top risers and fallers at 13:00

FTSE 100 LEGAL&GEN. ORD 2 1/2P 78.85 3.55% STAND.CHART. ORD USD0.50 1459.50 2.21% ROYAL BANK SCOT ORD 25P 35.39 2.05% BURBERRY GRP ORD 0.05P 627.00
25-Jan-2010 12:50 PM

Johnson Matthey started with buy rating at RBS, 1800p target price

Johnson Matthey is the largest producer of heavy-duty diesel catalysts, a market RBS expects to show a 2008-14 CAGR of 27%. RBS says the strong prospects for platinum should support the Precious Metals Products division's profit. The company trad
25-Jan-2010 12:45 PM

JLT completes iimia Wealth Management acquisition

Jardine Lloyd Thompson has completed the acquisition of the iimia Wealth Management division of Midas Capital for £7.25m cash. The wealth management companies will be integrated with the existing private client businesses of JLT UK Employee Benefits