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Recent News

Wednesday 24 November, 2010

24-Nov-2010 02:21 PM

Volga Gas unit set to complete purchase of interest in GPU

Volga Gas subsidiary Gaznefteservice is set to complete its purchase of a 75% interest in a gas processing unit following an appeal court ruling. GNS signed an agreement to purchase a 75% interest in the gas processing unit in March. This was intended t
24-Nov-2010 02:05 PM

Ilika pre-tax losses rise

Pre-tax losses at science-led materials discovery company Ilika rose by 5.8% to £1.9m in the six months to the end of October. Total revenue including grants increased 32.6% to £755,459 and gross profit jumped by 64.8% to £137,345. Chairman Jack Boyer s
24-Nov-2010 02:00 PM

Market Movers - Top risers and fallers at 14:00

FTSE 100 INTERTEK GROUP ORD 1P 1866.00 6.45% COMPASS GROUP ORD 10P 554.50 5.12% CAPITA GROUP ORD 2.066666P 681.00 3.73% KAZAKHMYS ORD 20P 1441.00
24-Nov-2010 01:55 PM

US core PCE up less than 0.1%

The core personal consumption expenditures index - which excludes food and energy - rose by less than 0.1% in both October and September, the US Bureau of Economic Analysis said today (24 November). Story provided by
24-Nov-2010 01:52 PM

US spending up 0.4%

Personal consumption expenditures increased $44.0bn, or 0.4%, in October, the US Bureau of Economic Analysis said today (24 November). This follows a 0.3% increase in September, based on revised estimates. Story provided by
24-Nov-2010 01:49 PM

US personal income up 0.5%

Personal income increased $57.6bn, or 0.5%, and disposable personal income increased $48.3bn, or 0.4%, in October, according to the US Bureau of Economic Analysis. An increase in personal income of 0.4% had been forecast. Story provided by StockMarket
24-Nov-2010 01:47 PM

US core durable goods down 2.7%

New orders for durable goods excluding transportation fell by 2.7% in October, the US Commerce Department said today (24 November). Story provided by
24-Nov-2010 01:45 PM

US durable goods orders down 3.3%

New orders for manufactured durable goods in October fell $6.8 billion or 3.3% to $196.0bn, the US Department of Commerce said today (24 November). This decrease, down two of the last three months, followed a 5.0% September increase. Shipments of manuf
24-Nov-2010 01:43 PM

US jobless claims fall by 34,000

US initial unemployment claims fell to 407,000 in the week ending 20 November - a decrease of 34,000 from the previous week's revised figure of 441,000, the US Department of Labor said today (24 November). The four-week moving average was 436,000,
24-Nov-2010 01:30 PM

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

Overall Market NORTHWEST INV ORD 5P (DI) 105.00 61.54% THOR MINING ORD 0.3P 2.55 14.61% CAMBRIA AUTO ORD 10P 34.75 13.93% SUNRISE RES ORD 0.1P 2.62
24-Nov-2010 01:27 PM

Lilly and Acrux get FDA approval for Axiron

Eli Lilly and Acrux have received US Food and Drug Administration approval for Axiron - an underarm replacement therapy for men with a deficiency or absence of testosterone. Safety and efficacy of Axiron in males younger than 18 years of age have not
24-Nov-2010 01:20 PM

Serco clinches £200m contract with Hertfordshire County Council

International service company Serco has signed a £200m strategic partnership with Hertfordshire County Council. Serco will transform the council's internal business processes, significantly develop customer services and achieve efficiency savings of
24-Nov-2010 01:10 PM

Davenham pre-tax losses narrow

Davenham Group posts a pre-tax loss before exceptional items of £23.3m for the year to the end of June down from £48.9m in 2009. This was after charging £29.9m (2009: £66.7m) for impairment, the vast majority relating to the performance of the property p
24-Nov-2010 01:02 PM

Broker moves round-up

Aviva downgraded to equal-weight from overweight at Morgan Stanley. Capita upgraded to conviction buy from neutral at Goldman Sachs. Homeserve raised to buy from hold at Execution Noble, target stays 485p. Intertek upgraded to conviction buy from neutr
24-Nov-2010 01:00 PM

Market Movers - Top risers and fallers at 13:00

FTSE 100 INTERTEK GROUP ORD 1P 1862.00 6.22% COMPASS GROUP ORD 10P 551.00 4.45% CAPITA GROUP ORD 2.066666P 681.00 3.73% KAZAKHMYS ORD 20P 1430.00
24-Nov-2010 12:44 PM

Technical report says Mariana property 'warrants further work'

Mining company Mariana Resources said a Canadian-compliant technical report had been completed on its Las Calandrias Gold-Silver Project in Santa Cruz Province, Argentina. The report, by Nevada firm Mine Development Associates, said drilling to date at
24-Nov-2010 12:38 PM

Northwest Investment says no reason for share price movement

Beijing-based investment group Northwest said it was not aware of any information relating to the company that would lead to the recent movement in its share price. Story provided by
24-Nov-2010 12:33 PM

SSE invests another £2.7m in Aquamarine Power

Scottish and Southern Energy has agreed to invest a further £2.7m in wave energy developer Aquamarine Power, taking its total investment to £19.8m and giving it a 45% stake. ABB Technology Ventures has also decided to invest £8.0m. Aquamarine Power is d
24-Nov-2010 12:31 PM

Pochin's says Construction turnover significantly down

Building and civil engineering group Pochin's chairman Richard Fildes told the AGM its Construction division continued to win orders in an increasingly competitive market. The division continued to trade profitably although turnover was significan
24-Nov-2010 12:30 PM

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

Overall Market NORTHWEST INV ORD 5P (DI) 65.00 18.18% CEPS ORD 5P 20.00 14.29% ACTIVE ENERGY ORD 1P 3.50 7.69% PATAGONIA GLD ORD 1P 40.25
24-Nov-2010 12:22 PM

Playtech signs Codere Interactiva to Italian bingo platform

Gaming industry software company Playtech has signed Codere Interactiva as a licensee as the company launches its Italian bingo platform. Playtech said Codere's online offering will complement its long-standing presence in Italian land-based bingo,
24-Nov-2010 12:00 PM

Market Movers - Top risers and fallers at 12:00

FTSE 100 INTERTEK GROUP ORD 1P 1857.00 5.93% COMPASS GROUP ORD 10P 547.00 3.70% CAPITA GROUP ORD 2.066666P 675.50 2.89% EXPERIAN ORD USD0.10 743.50
24-Nov-2010 12:00 PM

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

PLUS Market Adriatic Oil plc 1.75 100.00% Equity Resources plc 2.00 14.29% Belmore Resources (Holdings) plc 6.50 1.96% HealthyDays Group plc 15.50
24-Nov-2010 11:55 AM

Patagonia Gold finds high-grade gold and silver

Mining company Patagonia Gold said exceptionally high-grade gold and silver continued to be encountered on the Cap-Oeste South East project in Argentina. Drill hole CSE-049 intersected 5.47m at 274.88g/t gold and 10,378.0g/t silver. The company has ret
24-Nov-2010 11:46 AM

Mellon extends Speymill Deutsche loan term

German residential property investment company Speymill Deutsche Immobilien said Jim Mellon, a director and substantial shareholder, has agreed to extend the term of a loan made in July. The loan was due to mature on November 15 but Mellon has now agre