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Recent News

Wednesday 18 May, 2011

18-May-2011 12:37 PM

Alexander Mettenheimer joins TR

TR European Growth Trust has announced the appointment of Mr Alexander Mettenheimer to the Board as a non-executive director with effect from 1 July 2011. Mr Mettenheimer is currently Deputy Chairman of the Board of Administration for Bayerische Landesb
18-May-2011 12:35 PM

GT acquisition boosts Merchant Securities

Merchant Securities, the financial services group, has said that revenue for the 12 months to 31 March 2011, subject to audit, is expected to show year on year growth of 10% to £8.4m. Profit before taxation, amortisation and non-recurring items is expec
18-May-2011 12:30 PM

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

Overall Market CYAN HOLDINGS PLC ORD 0.2P 0.84 7.69% BEOWULF MINING PLC ORD 1P 40.75 7.24% SOLOMON GOLD PLC ORD 1P 26.25 6.06% STARVEST PLC ORD 1P 14.75
18-May-2011 12:29 PM

AssetCo FD resigns amid financing discussions

AssetCo has announced the departure of Scott Brown, Finance Director of the company, who resigned with effect from yesterday. Mr Brown's immediate duties and the finance structure is being managed day-to-day by a senior interim manager, who is repor
18-May-2011 12:21 PM

MirLand benefit from pick-up in Russia

MirLand Development Corporation, one of the leading international residential and commercial property developers in Russia, has reported quarterly results buoyed by a pick-up in Russia. Shareholders' equity increased to $362.9m on 31 March 2011, equ
18-May-2011 12:13 PM

Sirius announce addition to the Board

Sirius Real Estate has announced the appointment of Wessel Hamman as a Non-Executive Director with immediate effect. Wessel Hamman is a partner and Chief Executive of Clearance Capital, a specialist European real estate securities investor and advisor to
18-May-2011 12:11 PM

Confectionery boosts Zetar

Zetar, the AIM quoted confectionery and snack foods group, has reported a good performance from its Confectionery division which has offset a difficult trading period for the Snacks division. The Snacks Division is expected to pick up in the second half
18-May-2011 12:04 PM

Food specialist joins IHG

InterContinental Hotels Group has announced that Mr Dale F. Morrison is to be appointed an additional independent Non-Executive Director of IHG. He will join the Board with effect from 1 June 2011. Mr Morrison has been President and Chief Executive Offic
18-May-2011 12:01 PM

Major turning point predicted at Cyan

Cyan, the integrated system design company delivering mesh based flexible wireless solutions for lighting control, has reported an upswing in order enquiries continues and we now see substantial momentum in our lighting control business. CEO, Kenn Lamb,
18-May-2011 12:00 PM

Market Movers - Top risers and fallers at 12:00

FTSE 100 LAND SECURITIES GROUP PLC ORD 10P 795.75 6.45% BRITISH LAND COMPANY PLC ORD 25P 601.75 4.11% HAMMERSON PLC ORD 25P 481.90 3.81% EURASIAN NATURAL RESOURCES CORPORAT 832.00
18-May-2011 12:00 PM

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

PLUS Market U.S. Oil and Gas plc 50.00 5.26% Rivington Street Holdings plc 48.50 4.30% Oracle Coalfields Ord Shs 0.1p 10.75 -6.52% Bright Futures Group plc 0.17
18-May-2011 11:30 AM

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

Overall Market MERCHANT SECURITIES GROUP PLC ORD 1 16.50 10.00% BEZANT RESOURCES PLC ORD 0.2P 42.62 7.57% SOLOMON GOLD PLC ORD 1P 24.50 6.52% VPHASE PLC ORD 0.25P 1.22
18-May-2011 11:25 AM

Shareholder revolt at Stobart EGM

Over 25% of shareholders in Stobart Group voted against proposals for a new incentive plan for directors. The vote came at an EGM which approved an increase in the authorised share capital of the company. At 11:25am: (LON:STOB) share price was +1.05
18-May-2011 11:21 AM

Rosneft to consider further BP proposals

Rosneft has announced that it has received proposals from BP that go beyond the scope of their earlier agreements signed in January. The agreement centred on a proposed joint venture to explore and develop wells in the Russian Arctic shelf. Due to a cor
18-May-2011 11:13 AM

TUI Travel to make pension savings of £38m. a year

TUI Travel has announced further details of the agreement earlier this month with trustees and unions to cap the rate of future growth of pensionable pay for its UK defined benefit pension schemes to a maximum of 2.5% per annum. The agreed measures wil
18-May-2011 11:07 AM

UK Mail announces 2.8% annual revenue growth

UK Mail has reported that annual Group revenues have risen by 2.8% to £395.8m. Mail revenues were up 4.8% to £181.8m. and parcels revenues were up 1.2% to £166.7m. Group profit before tax was down 9.9% to £16.1m. The final dividend was maintained at 11
18-May-2011 11:01 AM

TVC gains from Norcom sale

TVC Holdings, the investment holding company, has reported a strong gross portfolio return attributable to equity shareholders of €13.7m. in the year to 31 March 2011, driven by the gain realised on the sale of Norkom and the increase in value of th
18-May-2011 11:00 AM

Market Movers - Top risers and fallers at 11:00

FTSE 100 LAND SECURITIES GROUP PLC ORD 10P 797.75 6.72% BRITISH LAND COMPANY PLC ORD 25P 607.00 5.02% HAMMERSON PLC ORD 25P 482.75 4.00% EURASIAN NATURAL RESOURCES CORPORAT 833.25
18-May-2011 10:55 AM

Gloom over UK economy at Severfield-Rowen

Severfield-Rowen, the market leading structural steel group, has said its view of the UK market is unchanged, in that demand remains at relatively low levels with little prospect of improvement in 2011. Prices are tight but have improved marginally compa
18-May-2011 10:49 AM

Online products boost Wilmington

Wilmington Group, the professional information and training group, has said that overall trading performance in the quarter ended 31 March 2011 has been in line with its expectations. Revenue in the nine months to 31 March 2011 increased by 8.2%. On a
18-May-2011 10:33 AM

Cosalt director to leave

Cosalt has said that it has agreed with Neil Carrick, a Director, that his employment with the company will terminate. His contract of employment allows for 12 months notice and the company and Mr Carrick are discussing his departure date. A further
18-May-2011 10:30 AM

Victoria Oil and Gas expects gas sales from Cameroon by Q4

Victoria Oil and Gas expects gas sales by the final quarter of 2011 from its new field in Douala, Cameroon. It has signed a 25 year exploitation licence, with an option to extend for an additional 10 years. No delays are anticipated in executing the pro
18-May-2011 10:30 AM

Market Movers - Top risers and fallers between 09:00 and 10:00

Overall Market DEE VALLEY GROUP PLC NON VTG ORD 5P 1160.00 8.41% SOLO OIL PLC ORD 0.01P 1.76 7.32% MERCURY RECYCLING GROUP PLC ORD 10P 11.75 5.67% SEAENERGY PLC ORD 10P 59.25
18-May-2011 10:24 AM

Big reduction in losses at Speedy Hire

Adjusted annual loss before tax at Speedy Hire was £0.7m. in the year ending March 31, compared to a loss of £6.2m. in the previous year. Revenue was up 0.9% but was calculated at 3.6% growth when adjusted for fleet equipment sales and the disposed Accom
18-May-2011 10:18 AM

Significant growth at Tangent

Tangent communications, the AIM listed company which is a leading integrator of technology and marketing strategy, with industry leading digital print facilities, has reported underlying annual operating profit has increased by 64.6%. Profits were £1.35m