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Tuesday 17 August, 2010

17-Aug-2010 05:00 PM

Market Movers - Top risers and fallers at 17:00

FTSE 100 LONMIN ORD SHS USD1 1582.00 5.89% PRUDENTIAL ORD 5P 583.50 5.14% AVIVA ORD 25P 397.30 5.13% XSTRATA ORD USD0.50 1059.50
17-Aug-2010 05:00 PM

PLUSquoted Market Movers - Top risers and fallers at 17:00

PLUS Market Story provided by
17-Aug-2010 04:31 PM

Manchester United in deal with PCCW

PCCW has become Manchester United's official integrated telecommunications partner and broadcast partner in Hong Kong ? the first such arrangement in the territory. PCCW's Now TV will be the official broadcaster of MUTV in Hong Kong with the ex
17-Aug-2010 04:30 PM

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

Overall Market BERKELEY TECH ORD US$0.05 5.00 25.00% SHIELDTECH ORD 1P 2.88 9.52% CRANSWICK ORD 10P 904.50 9.50% KEFI MINERALS ORD 1P 0.88
17-Aug-2010 04:15 PM

Five banned over insurance frauds

A company director has been fined £150,000 and banned from financial services for putting elderly or vulnerable people at risk in an insurance fraud. Four other people were also banned by the Financial Services Authority following a separate investigatio
17-Aug-2010 04:00 PM

Market Movers - Top risers and fallers at 16:00

FTSE 100 PRUDENTIAL ORD 5P 582.50 4.95% AVIVA ORD 25P 395.10 4.55% LONMIN ORD SHS USD1 1562.00 4.55% XSTRATA ORD USD0.50 1053.50
17-Aug-2010 03:53 PM

Mitsui net income up at Yen103bn

Mitsui & Co posts gross profits of Yen223bn for the three months to the end of June - up from Yen167bn a year ago. Revenues increased to Yen1,098bn - up from Yen977bn - and operating income rose to Yen90bn from Yen33bn in 2009. Third quarter met income
17-Aug-2010 03:37 PM

Unite backs new BAA pay offer

Strike action which threatened to close six UK airports has been averted. Trade union Unite is recommending that its workers accept a new offer from BAA of a 2% pay rise and a lump sum of at least £500. Unite will now ballot members who had previously r
17-Aug-2010 03:30 PM

Kevin Leech steps down from Devilfish Gaming board

Devilfish Gaming non-executive director Kevin Leech has resigned following recent ill health. The board thanked him for his service and wished him well for the future. Story provided by
17-Aug-2010 03:30 PM

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

Overall Market ACCIDENT EXCH ORD 5P 9.50 11.76% SHIELDTECH ORD 1P 2.50 11.11% NORTHAMBER ORD 1P 39.50 5.33% BULGARIAN LAND ORD 1P 20.00
17-Aug-2010 03:28 PM

EFG Hermes takes majority stake in Cr�dit Libanais

EFG Hermes Holding is acquiring a 65% interest in Cr�dit Libanais with a call option over an additional 25% interest. Closing is subject to the approval of the Central Bank of Lebanon. EFG Hermes says the acquisition will be financed from its own cash
17-Aug-2010 03:18 PM

Steven McTiernan joins First Quantum board

First Quantum Minerals has appointed Steven McTiernan as a non-executive director. McTiernan is a senior executive with experience in both natural resources and investment banking. He has been senior independent director of Tullow Oil since 2002. McTi
17-Aug-2010 03:16 PM

LAP sells Antiquarius in Chelsea's Kings Road for £17.82m

London & Associated Properties has exchanged contracts unconditionally for the sale of its 65-year head leasehold interest in Antiquarius in Chelsea's Kings Road to Cadogan Estates Property Investments for £17.82m. The property is let to Urbn Limite
17-Aug-2010 03:11 PM

Intandem expects to cut losses despite fall in revenue

Intandem Films expects revenues for the year to the end of June to be behind 2009 while the reduction of losses seen in the interims in March continues. The firm said trading for the current financial year has started well with sales being concluded wit
17-Aug-2010 03:02 PM

LiDCO interims to show substantial fall in losses

Cardiovascular monitoring company LiDCO Group expects its first half results to show increased revenues and losses substantially reduced from last year. Cash at the end of the half year was approximately £1.7m. The firm will announce its results for th
17-Aug-2010 03:00 PM

Market Movers - Top risers and fallers at 15:00

FTSE 100 LONMIN ORD SHS USD1 1558.00 4.28% AVIVA ORD 25P 392.80 3.94% XSTRATA ORD USD0.50 1050.00 3.55% ANTOFAGASTA ORD 5P 1037.00
17-Aug-2010 02:54 PM

Gartmore net sales hit by loss of portfolio manager

Fund manager Gartmore's net revenues rose by 36% to £113.2m in the six months to the end of June with EBITDA up 146% at £38.8m. But pre-tax profits fell to £25.8m from £51.4m and assets under management fell by 10% from the end of 2009 to £19.9bn.
17-Aug-2010 02:41 PM

Serica mobilising rig for Indonesia wells

Serica Energy expects to mobilise the 'Trident IX' jack-up drilling rig for the Dambus and Marindan wells offshore Indonesia later this month. Dambus is expected to start drilling in early September and will be followed immediately by the Marin
17-Aug-2010 02:36 PM

Lilly halts development of Alzheimer's drug

Pharmaceutical firm Eli Lilly and Co is halting development of the Alzheimer's disease treatment semagacestat. The firm said preliminary results from two studies showed it did not slow progression and was linked with worsening of clinical measures
17-Aug-2010 02:30 PM

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

Overall Market INTANDEM ORD 0.1P 4.00 18.52% STRATIC ENG COM STK NPV (DI) 9.63 5.48% ANGEL MINING ORD 1P 5.00 2.56% BEOWULF ORD 1P 5.13
17-Aug-2010 02:27 PM

US capacity utilisation up

The capacity utilisation rate for total industry moved up to 74.8%, the US Federal Reserve said today (17 August). This is 5.7 percentage points above the rate from a year earlier but 5.8 percentage points below its average from 1972 to 2009. Story pr
17-Aug-2010 02:25 PM

US industrial output up 1%

US industrial production rose 1.0% in July after having edged down 0.1% in June, the Federal Reserve said today (17 August). Manufacturing output moved up 1.1% in July after having fallen 0.5% in June. A large contributor to the jump in manufacturing o
17-Aug-2010 02:18 PM

Premier abandons Oates well

Premier Oil will plug and abandon a well on the on the Oates prospect as a dry hole. The well - 22/19c-6 - encountered the Forties objective as planned but logging indicated no hydrocarbons. Premier holds a 50% operated interest in the 22/19c licence.
17-Aug-2010 02:11 PM

GCP Infrastructure raises £1.04m

GCP Infrastructure Investments has 1,000,000 new ordinary shares at 104p apiece, before expenses. The net proceeds will be used for general corporate purposes. Story provided by
17-Aug-2010 02:07 PM

Johnston Press to unveil interims

Johnston Press will issue its interim results for the 26 weeks ended 3 July on 25 August. Story provided by