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Recent News

Thursday 16 September, 2010

16-Sep-2010 05:00 PM

Market Movers - Top risers and fallers at 17:00

FTSE 100 CABLE&WW ORD 5P 77.55 4.51% EURASIAN ORD USD0.20 898.00 3.70% AGGREKO ORD 20P 1550.00 1.44% RDS 'B' 'B' ORD EUR0.07
16-Sep-2010 05:00 PM

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

PLUS Market Story provided by StockMarketWire.com...
16-Sep-2010 04:30 PM

Reckitt Benckiser offer for SSL extended

Reckitt Benckiser's offer for SSL International has been extended until 7 October. Reckitt Benckiser said it had received valid acceptances in respect of 97,441,405 SSL shares - approximately 45.68% of the existing issued share capital. Story
16-Sep-2010 04:30 PM

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

Overall Market EATONFIELD ORD 1P 0.85 9.68% THORNTONS ORD 10P 98.00 9.19% SIRIUS EXPLORE ORD 0.25P 7.88 8.62% ALECTO ENGY ORD 0.7P 2.13
16-Sep-2010 04:22 PM

Euromoney audit committee chairman appointed

Euromoney Institutional Investor independent non-executive director David Pritchard has been appointed chairman of the audit committee with immediate effect. He replaces John Botts who remains a member of the committee. Story provided by StockMarketW
16-Sep-2010 04:17 PM

India raises interest rates

India's central bank has raised interest rates for the fifth time this year. The Reserve Bank of India has increased its repurchase rate to 6% from 5.75% and the reverse repurchase rate by a half point to 5%. Story provided by StockMarketWire.com
16-Sep-2010 04:10 PM

Northern AIM VCT lags index

Northern AIM VCT's net asset value per share fell by 9.2% to 29.8p in the three months to the end of July. This compares with a 6% fall in FTSE AIM All-Share Index. The comapny's share price fell by 9.1% to 25.0p. Story provided by StockMar
16-Sep-2010 04:02 PM

OFT and Competition Commission set out merger guidelines

The Office of Fair Trading and Competition Commission have published joint merger assessment guidelines for the first time. The guidelines are designed to assist companies and their advisers by providing greater clarity on how the competitive impact of
16-Sep-2010 04:00 PM

Market Movers - Top risers and fallers at 16:00

FTSE 100 CABLE&WW ORD 5P 77.60 4.58% EURASIAN ORD USD0.20 900.00 3.93% BP $0.25 410.05 1.47% RDS 'B' 'B' ORD EUR0.07
16-Sep-2010 03:58 PM

Firms face tougher penalties for 'silent' calls

Firms that make nuisance phone calls will face fines of up to £2m. MPs approved increasing the maximum penalty from £50,000. Telecoms regulator Ofcom can be impose the fine on a company where more than 3% of the calls it makes in a 24-hour period are ab
16-Sep-2010 03:45 PM

Metric Property acquires Airport Retail Park

Specialist retail real estate investment trust Metric Property has exchanged contracts on the acquisition of Airport Retail Park, Coventry from Citi Property Investors for £18 million. Metric will use its existing cash resources to finance the purchase.
16-Sep-2010 03:41 PM

Leed maintains level of reserves

Leed Petroleum's reserves are in line with the previous reserve audit. The latest estimates by Collarini Associates put net 1P, 2P and 3P reserves at 11.5MMboe, 20.7MMboe and 64.2MMboe. Leed president and CEO Howard Wilson said: "We are please
16-Sep-2010 03:40 PM

Broker News & Views

Cable & Wireless Worldwide upgraded to buy from neutral at Goldman Sachs, the target raised to 100p from 96p. Booker cut to hold from buy at Shore Capital. BT Group cut to equal-weight from overweight at Morgan Stanley, TP 155p down from 190p. Advanced
16-Sep-2010 03:35 PM

US gas storage up at 3,267bn cu ft

US working gas in storage rose to 3,267bn cu ft in the week to 10 September, according to latest Energy Information Administration estimates today (16 September). The EIA says this is a net increase of 103bn cu ft from the previous week. Stocks were 18
16-Sep-2010 03:30 PM

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

Overall Market TRICOR ORD 0.01P 0.30 9.09% FINDEL ORD 5P 10.25 7.56% ARIANA ORD 1P 3.88 6.90% GOLDPLAT ORD 1P 10.25
16-Sep-2010 03:26 PM

Global revenues up 25% at $11.3m

First half revenues at Latin America-focused petroleum explorer and producer Global Energy Development rose 25% to $11.3m - largely due to the recovery in oil prices. Gross profit for the six months to the end of June increased 63% to $4.3m but pre-tax l
16-Sep-2010 03:17 PM

Global Investment House arbitration award overturned

An arbitration award in favour of Global Investment House against Al Madina for Finance and Investment has been overturned. The Kuwaiti Commercial Arbitration Centre awarded Global $10,011,224 in addition to $300,000 from Al Madina in April. But this aw
16-Sep-2010 03:07 PM

Philly-Fed index increases to -0.7 from -7.7

Results from the Federal Reserve Bank of Philadelphia's Business Outlook Survey suggest that regional manufacturing activity was nearly flat in September. For the second consecutive month, firms reported a decline in both new orders and shipments.
16-Sep-2010 03:00 PM

INA-Industrija Nafte to cut 1,500 jobs

Croatia oil and gas group INA-Industrija Nafte is cutting 1,500 jobs - 9% of its workforce - under a restructuring programme. It said the aim of the programme was to preserve INA�s stability in a continuously challenging business environment. Story pr
16-Sep-2010 03:00 PM

Market Movers - Top risers and fallers at 15:00

FTSE 100 CABLE&WW ORD 5P 77.10 3.91% EURASIAN ORD USD0.20 898.00 3.70% BP $0.25 410.25 1.52% RDS 'B' 'B' ORD EUR0.07
16-Sep-2010 02:45 PM

Booker Q2 sales up

Food wholesaler Booker is in line with management forecasts with total sales in the 12 weeks to 10 September up 6.1% on last year. On a like-for-like basis total sales rose by 5.9%, non-tobacco sales by 5.9% and tobacco sales by 5.9%. Fresh department
16-Sep-2010 02:39 PM

Capital Pub turnover up 16%

Capital Pub's trading continues to be strong and turnover in the first 22 weeks of the current financial year was up 16% on last year. It said this growth has been driven by the continuing good trading conditions in London where all its pubs operate
16-Sep-2010 02:35 PM

Baronsmead AIM VCT net asset value falls

Baronsmead AIM VCT's reports a disappointing first half with net asset value per share falling 9.4% from 72.75p to 65.93p before payment of the 2.0p interim dividend. It said market sentiment and confidence during the second quarter was eroded by co
16-Sep-2010 02:30 PM

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

Overall Market DRAGANFLY ORD 1P 1.25 25.00% RAM INVESTMENT ORD 1P 5.50 10.00% ENVIRON.RECYCLE ORD 2.5P 2.10 9.09% PAN PACIFIC ORD 0.1P 0.34
16-Sep-2010 02:10 PM

Net foreign buys of US securities up

Net foreign purchases of US long-term securities were $61.2bn in July - up from $44.4bn in June, the US Treasury said today (16 September). The latest Treasury International Capital data showed that net foreign purchases of long-term US securities were $