Information  X 
Enter a valid email address

Recent News

Friday 23 April, 2010

23-Apr-2010 02:06 PM

Bajaj Hindusthan in Uttar Pradesh power projects

Bajaj Hindusthan has signed memoranda of understanding for power projects with the Uttar Pradesh government. The firm signed a memorandum of understanding for the revision in power generation capacity of five new coal-based power plants at locations adj
23-Apr-2010 02:00 PM

Market Movers - Top risers and fallers at 14:00

FTSE 100 CARNIVAL ORD USD 1.66 2821.00 4.79% WOLSELEY ORD 10P 1640.00 4.26% INTERCON. HOTEL ORD 13 29/47P 1114.00 3.63% KINGFISHER ORD 15 5/7P 246.40
23-Apr-2010 01:48 PM

Sirius acquires another 1000 acres in N. Dakota

Mining firm Sirius Exploration has acquired a further 1,000 acres of lease areas next to its properties in North Dakota, held through its wholly-owned subsidiary Dakota Salts. The additional 1,000 acres are being purchased from multiple unconnected
23-Apr-2010 01:44 PM

AstraZeneca's Seroquel XR recommended for EU approval

AstraZeneca's Seroquel XR has been recommended for EU approval as an add-on treatment for major depressive disorder. The Committee for Medicinal Products for Human Use of the European Medicines Agency concluded that the benefit-risk profile of once
23-Apr-2010 01:37 PM

US durable goods orders fall

New orders for manufactured durable goods in March decreased $2.2bn or 1.3% to $176.7bn, the US Census Bureau announced today (23 April). This decrease followed three consecutive monthly increases, including a 1.1% February increase. Excluding transpor
23-Apr-2010 01:30 PM

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

Overall Market MAVINWOOD ORD 0.1P 0.55 4.76% ORIGO ORD 0.01P 29.00 4.50% PORVAIR ORD 2P 65.00 3.17% JAMES HALSTEAD ORD 5P 610.00
23-Apr-2010 01:09 PM

Honeywell lifts estimates as Q1 sales rise

First quarter sales at diversified US manufacturer Honeywell rose 3% to $7.8bn. Excluding non-cash pension expense, earnings were up 21% to $0.68 per share compared to $0.56 per share in the prior year. Cash flow from operations was $743m versus $341m
23-Apr-2010 01:00 PM

Market Movers - Top risers and fallers at 13:00

FTSE 100 CARNIVAL ORD USD 1.66 2818.00 4.68% INTERCON. HOTEL ORD 13 29/47P 1111.00 3.35% BR.AIRWAYS ORD 25P 232.90 3.28% KINGFISHER ORD 15 5/7P 245.70
23-Apr-2010 12:59 PM

Capital Management board changes

Capital Management & Investment says that Hugh Osmond and Alan McIntosh have resigned as directors and Giles Davies has been appointed as Chairman with immediate effect. In addition, Stephen Farrugia has been appointed as a non-executive director wit
23-Apr-2010 12:54 PM

Icelandic volcano boosts Air Partner

The Icelandic volcano has produced an increase in business enquiries for Air Partner Freight. The Group says that the freight division - which currently accounts for less than 10% of group revenues - is working 'around the clock' to provide &a
23-Apr-2010 12:44 PM

Rotork in line with expectations

Acuator manufacturer, Rotork says that trading in 2010 has begun well and is in line with expectations. The Group says that order intake has picked up in the first quarter, albeit marginally down on the record order intake achieved in the first quarter o
23-Apr-2010 12:33 PM

Pan African mining rights renewed

Pan African Resources says the South African Mining Authorities have issued new mining rights for the Barberton mining operation. CEO Jan Nelson says: "The granting of new order mining rights creates long term stability for our business and demonst
23-Apr-2010 12:30 PM

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

Overall Market PARKMEAD ORD 0.1P 0.78 5.44% GOLDMAN D EUR ORD NPV EUR 1.33 5.36% PROVEXIS ORD 0.1P 5.38 4.47% BRAMMER ORD 20P 143.25
23-Apr-2010 12:27 PM

Cable & Wireless court cost recovery an exceptional gain

Cable & Wireless has been awarded its costs for successfully defending the claims by its Caribbean competitor, Digicel, in the High Court. Last week the High Court dismissed claims that Cable & Wireless Communications had unlawfully delayed Digicel&apo
23-Apr-2010 12:19 PM

Sirius awarded $225,000 grant

Potash miner, Sirius Exploration has received a $225,000 grant from the Industrial Commission of North Dakota to carry out feasibility studies on using salt caverns for compressed air energy storage (CAES) from wind energy in North Dakota. Chairman C
23-Apr-2010 12:11 PM

Amur Minerals FD resigns

Amur Minerals says that Financial Director, David Wood has resigned to pursue perosnal business interests. Mr Wood will continue as a full time consultant to the Company until 30 September 2010. Story provided by Business Financial Newswire...
23-Apr-2010 12:00 PM

Market Movers - Top risers and fallers at 12:00

FTSE 100 CARNIVAL ORD USD 1.66 2814.00 4.53% ROYAL BANK SCOT ORD 25P 55.45 2.97% INTERCON. HOTEL ORD 13 29/47P 1106.00 2.88% KINGFISHER ORD 15 5/7P 244.60
23-Apr-2010 12:00 PM

Economic Events - Month Ahead Events

Economic Events 27/4/2010 14:00 US S&P/CS Composite-20 HPI y/y 15:00 US CB Consumer Confidence 15:00 US Richmond Manufacturing Index 28/4/2010 11:00 UK CBI Realized Sales 15:30 US Crude Oil Inventories 19:15 US FOMC Statement 19
23-Apr-2010 12:00 PM

Economic Events - This Week's Events

Economic Events 27/4/2010 14:00 US S&P/CS Composite-20 HPI y/y 15:00 US CB Consumer Confidence 15:00 US Richmond Manufacturing Index 28/4/2010 11:00 UK CBI Realized Sales 15:30 US Crude Oil Inventories 19:15 US FOMC Statement 19
23-Apr-2010 12:00 PM

PLUSquoted Market Movers - Top risers and fallers at 12:00

PLUS Market Belmore Resources (Holdings) plc 4.50 12.50% Geo Genesis Group Ltd 15.50 10.71% Wheelsure Holdings plc 5.00 5.26% U.S. Oil and Gas plc 8.00
23-Apr-2010 11:56 AM

Broker News & Views

Intertek has been downgraded to underweight from neutral at HSBC while IMI was upgraded to buy from hold at Jefferies, with a target price of 785p. Alexon raised to hold from sell at Seymour Pierce. Anite upgraded to buy from hold at Investec, target pr
23-Apr-2010 11:40 AM

VF Luxembourg ups holding in Blacks Leisure

Blacks Leisure says that warrants issued to Bank of Scotland in respect of 2.13m shares have been acquired by the Company's existing shareholder VF Luxembourg. The Company adds that the warrants have been exercised and that VF Luxembourg now holds
23-Apr-2010 11:35 AM

Belmore Resources issues warrants to technical consultant

Irish exploration company, Belmore Resources has issued warrants in respect of 1m shares, exercisable at 4p per share, to John Colthurst, the Company's technical consultant. The warrants can be exercised at any time up until 22 April 2013. Sto
23-Apr-2010 11:31 AM

US airline merger discussions halted

US Airlines has ended merger discussions with United Airlines. CEO Doug Parker gave no explanation as to why discussions have been curtailed but said: "It remains our belief that consolidation makes sense in an industry as fragmented as ours. &q
23-Apr-2010 11:30 AM

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

Overall Market LAGAN CAP. ORD 1P 11.00 10.00% SDI GRP ORD 1P 4.00 6.67% MAVINWOOD ORD 0.1P 0.53 6.06% GREEN COMP ORD 1P 2.25