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Recent News

Wednesday 17 March, 2010

17-Mar-2010 02:11 PM

Reckitt Benckiser appoints Europe EVP

Reckitt Benckiser has appointed Salvatore Caizzone as executive vice-president, Europe area, from 1 May. The role places Caizzone on the executive committee. Caizzone is currently based in Dubai as senior vice-president Africa and Middle East. Caizzo
17-Mar-2010 02:07 PM

Augean appeals over planning refusal

Hazardous waste Augean is appealing against the refusal of its planning application for low level waste disposal by Northamptonshire's development control committee. It said the decision by Northamptonshire County Council follows a planning applicat
17-Mar-2010 02:00 PM

Market Movers - Top risers and fallers at 14:00

FTSE 100 FRESNILLO ORD USD0.50 852.00 3.15% NEXT ORD 10P 2085.00 2.51% AUTONOMY ORD SHS 1/3P 1778.00 2.42% KAZAKHMYS ORD 20P 1532.00
17-Mar-2010 01:58 PM

Ceramic Fuel Cells wins Swiss order

Ceramic Fuel Cells has expanded its European operations with the sale of a BlueGen power and heating unit to Swiss utility Cosvegas. Cosvegas supplies natural gas to more than one hundred municipalities in Switzerland. From mid-2010 Cosvegas will operat
17-Mar-2010 01:54 PM

KazakhGold Group unveils board changes

KazakhGold Group has revealed a number of changes to its board. The firm said that Stephen Oke, David Netherway and Boris Zakharov had resigned. Alexey Teksler, who is chief executive of KAZAKHALTYN MMC JSC, one of Kazakhstan's leading gold mining
17-Mar-2010 01:47 PM

ValiMedix agrees N. America licensing deal for SELFCheck

ValiRx's sales and marketing division, ValiMedix, has concluded a sales and distribution licensing agreement for its SELFCheck range with Eternity Healthcare Inc. The agreement gives Eternity exclusive distribution rights in Canada and non-exclusive
17-Mar-2010 01:42 PM

Go-Ahead Group in £200m bond issue

The Go-Ahead Group has launched and priced an issue of £200m 5.375% bonds due September 2017. The issue is expected to close on 24 March and follows the group's announcement on 5 March that it had received long-term credit ratings of BBB- (stable
17-Mar-2010 01:39 PM

Pathfinder Minerals in equity issue

Pathfinder Minerals has issued 4,000,000 new ordinary shares following the exercise of conversion rights in respect of £60,000 under the convertible loan agreements approved by shareholders on 21 December. Story provided by Business Financial Newswire.
17-Mar-2010 01:33 PM

Gemfields claims record at Jaipur auction

Gemfields believes it has set a world record for the volume of Zambian emerald and beryl on offer by weight at its first auction of 2010. It said 5.78 tonnes of material was on offer. The firm reports sales of $7.2m at the auction in Jaipur, India, wit
17-Mar-2010 01:30 PM

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

Overall Market CROSBY ASSET. ORD SHS USD0.01 0.93 47.62% NORDIC LAND ORD 1P 19.50 18.18% RED ROCK ORD 0.1P 2.23 8.54% FRONTIER REG S ORD USD0.01(REGS) 6.38
17-Mar-2010 01:23 PM

Total to develop Shetland gas fields

Oil and gas giant Total has launched the development of the Laggan and Tormore gas fields off the west of Shetland, subject to approval by the department of energy and climate change. Total has also increased its interest in the fields by acquiring the
17-Mar-2010 01:18 PM

Standard Life European PE Trust's NAV up 6.5%

Standard Life European Private Equity Trust's net asset value increased by 6.5% to 175.6p in the quarter to the end of December. The increase was driven by £24.2m (8.5% of NAV) of unrealised gains on the portfolio on a constant exchange rate basis -
17-Mar-2010 01:10 PM

TEG moves into black as revenue rises 21%

Green technology company TEG reported revenue up 21% in the year to December at £15.4m, delivering a profit of £0.24m against a previous £1.48m loss. TEG said overall trading for 2009 had been excellent and had matched expectations. The group continued
17-Mar-2010 01:09 PM

Life Ins Corp of India lifts Reliance Infrastructure stake

Life Insurance Corporation of India has increased its stake in Reliance Infrastructure to just over 14%. It previously held 13.94%. Story provided by Business Financial Newswire...
17-Mar-2010 01:02 PM

New chairman at Tejoori

Shari'a-compliant investment firm Tejoori's chairman Mahmood Al Mahmood has resigned with to pursue other business interests. Khaled Al Nasser has been appointed as chairman with immediate effect. He was previously a non-executive director of
17-Mar-2010 01:01 PM

Sigma Capital swings into black

Asset management and advisory group Sigma Capital reported a pre-tax profit of £0.9m for the year to December, against a 2008 loss of £0.5m. Total revenue was £3.5m, down from £3.7m, with revenue from services falling 49% to £2.4m. Revenue from the ven
17-Mar-2010 01:00 PM

Market Movers - Top risers and fallers at 13:00

FTSE 100 FRESNILLO ORD USD0.50 850.50 2.97% KINGFISHER ORD 15 5/7P 228.70 2.56% NEXT ORD 10P 2081.00 2.31% KAZAKHMYS ORD 20P 1528.00
17-Mar-2010 12:53 PM

China to grow 9.5% in 2010

China's economy is forecast to grow by 9.5% in 2010, says the World Bank in its lastest quarterly update. Last year China's GDP grew by 8.7% and the growth momentum has been maintained in the first few months of 2010 "We project 9.5% GD
17-Mar-2010 12:52 PM

Thalassa aiming to unseat RPL board

Virgin Islands-based energy and investment company Thalassa Holdings and CityPoint Holdings have requisitioned a general meeting of Renewable Power & Light, aimed at unseating most of the current board and winding up the company. The move follows unres
17-Mar-2010 12:40 PM

US producer prices fall 0.6%

US producer prices declined by 0.6% in February, following a 1.4% advance the previous month. The Bureau of Labor says that the drop in the index for finished goods was driven by lower prices for energy goods, which declined 2.9 percent. By contrast,
17-Mar-2010 12:36 PM

Ultimate Finance declares maiden interim divi

Ultimate Finance Group will pay its first interim dividend after reporting a 36% rise in pre-tax profit to £0.19m for the six months to December. The company, which provides factoring, invoice discounting and financial solutions to SMEs, said turnover
17-Mar-2010 12:30 PM

Market Movers - Top risers and fallers between 11:00 and 12:00

Overall Market NORDIC LAND ORD 1P 17.50 20.69% EURO. ISLAMIC ORD 1P 3.20 6.67% DATACASH ORD 1P 190.50 6.42% JPM.FL SUB SUB SHS 1P 39.25
17-Mar-2010 12:25 PM

Strategic Natural Resources raises £2.7m

South African coal miner Strategic Natural Resources has raised £2.7m net through a placing at 15p a share. It will use the proceeds to fund development and commercialisation of the company's mining assets in the Eastern Cape and to repay a short
17-Mar-2010 12:20 PM

Mecom EBITDA down 28% as ad sales decline slows

Newspaper publisher Mecom Group said its adjusted EBITDA for the year to December was well ahead of previous expectations. Advertising revenue was down 18% at €665.0m but the decline slowed to 15% in the second half, with this trend continuing into
17-Mar-2010 12:01 PM

PetroLatina expects Serafin sales this year

Latin American-focused oil and gas company PetroLatina has commissioned works to connect its Serafin-1 gas well to the main Colombian gas trunk line and expects commercial sales to start this year. CEO Juan Carlos Rodriguez said cash flows generated by