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Thursday 05 April, 2012

05-Apr-2012 11:31 AM

Valiant Petroleum secures slot to drill west of the Shetlands

Valiant Petroleum has entered into a contract to secure a firm rig slot on the Stena Carron drillship to drill the Handcross prospect located in UK Blocks 204/18b west of the Shetlands. The company has a 90% stake in the operation. Based on the Stena C
05-Apr-2012 11:30 AM

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

Overall Market CIC MINING RESOURCES LTD COM SHS NP 1.38 15.00% PUBLIC SERVICE PROPERTIES INVESTMEN 21.25 8.25% MOTIVE TELEVISION PLC ORD 0.1P 0.15 7.14% JJB SPORTS PLC ORD 1P 18.13
05-Apr-2012 11:05 AM

Talks resume to try and avert strike by fuel tanker drivers

Talks to try and avert a strike by fuel tanker drivers have gone into a second day. The first day of discussions conducted by the conciliation service, ACAS, between seven distribution companies and the Unite union, which is representing the drivers, end
05-Apr-2012 11:00 AM

Market Movers - Top risers and fallers at 11:00

FTSE 100 THOMAS COOK GROUP PLC ORD EUR0.10 21.25 6.25% PETROFAC LIMITED ORD USD0.02 1718.50 1.21% SAGE GROUP PLC ORD 1P 290.65 1.10% WPP PLC ORD 10P 835.50
05-Apr-2012 10:46 AM

Profits fall at Press Corporation

Press Corporation saw consolidated profit before tax fall by 16% in the year ended 31 December 2011. Net profit attributable to ordinary shareholders was down 35% after taking into account a fair value loss on the newly constructed National Bank of Malaw
05-Apr-2012 10:30 AM

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

Overall Market MERCHANT HOUSE GROUP PLC ORD 0.01P 0.05 25.00% MOUCHEL GROUP PLC ORD 0.25P 7.76 3.88% VERDES MANAGEMENT PLC ORD 0.1P 0.28 3.70% CIC MINING RESOURCES LTD COM SHS NP 0.88
05-Apr-2012 10:12 AM

Mixed production performance at Endomines

Endomines, a Nordic mining and exploration company, has achieved a mixed production performance during the first quarter of the year. Results from its Pampalo gold mine, located near Ilomantsi, in Eastern Finland, show it produced 165.7 kg, or 5,326 oz,
05-Apr-2012 10:00 AM

Market Movers - Top risers and fallers at 10:00

FTSE 100 THOMAS COOK GROUP PLC ORD EUR0.10 20.50 2.50% FRESNILLO PLC ORD USD0.50 1551.50 1.21% WPP PLC ORD 10P 834.75 0.94% PETROFAC LIMITED ORD USD0.02 1712.00
05-Apr-2012 09:58 AM

Charlemagne Capital AuM up 7.6%

Charlemagne Capital assets under management rose to $2.5bn at the end of March - 7.6% up from the start of January. The group said this reflected the improved market conditions experienced during the most recent quarter. At 9:58am: (LON:CCAP) sha
05-Apr-2012 09:55 AM

Hightex schedules FY results

Lightweight membrane roof and fa�§ades specialist Hightex expects to announce its preliminary results for the year to the end of December on 18 April. At 9:55am: (LON:HTIG) share price was 0p at 1.55p Story provided by StockMarketWire.com...
05-Apr-2012 09:51 AM

GW Pharmaceuticals FD to step down

GW Pharmaceuticals finance director David Kirk will stand down from the board on 1 June after 10 years. He will be succeeded by Adam George, who has served as GW's company secretary and group financial controller since 2007. The group also says t
05-Apr-2012 09:47 AM

Exillon Energy output averages 11,785bpd

Independent oil producer Exillon Energy's output averaged 11,785 barrels per day in March. Production from the Timan-Pechora region averaged 3,261bpd while output from west Siberia averaged 8,525bpd. Peak daily production for the group was 12,177b
05-Apr-2012 09:47 AM

Wood Group disposes of Turbopower to CPR Aerospace

Wood Group today announces the sale of its US-based aero engine maintenance provider, Wood Group Turbopower LLC to CPR Aerospace, Inc. The business has been reported as discontinuing for several years. The gross assets of the business disposed were $18.
05-Apr-2012 09:36 AM

Iofina moves into iodine recycling business

Iodine extraction specialist Iofina has acquired its first mid-stream production site for under $15,000 and moved into the iodine recycling business. Iofina believes the acquisition of a new dual-production brine stream process site at its core Southwest
05-Apr-2012 09:35 AM

Index of Product down 2.3% year-on-year

The ONS said today the seasonally adjusted Index of Production fell by 2.3 per cent in February 2012 compared with February 2011. The seasonally adjusted Index of Manufacturing fell by 1.4 per cent in February 2012 compared with February 2011. The seaso
05-Apr-2012 09:33 AM

UK new car registrations up in March, says SMMT

New car volumes rose 1.8% in March to 372,835 new 12-plate registrations. March is typically the largest month for registrations, averaging 18% of the full year�€?s volume. Quarter one volumes rose 0.9%, to 563,556 units on the back of better than
05-Apr-2012 09:31 AM

British Smaller Cos VCT2 increases subscription offer

British Smaller Companies VCT2's board has exercised its discretion to increase its subscription offer beyond £10m. The company said it had received applications under an offer launched on 27 October approaching the original capacity of 14,539,007
05-Apr-2012 09:30 AM

Market Movers - Top risers and fallers between 08:00 and 09:00

Overall Market RENEURON GROUP PLC ORD 1P 4.28 4.39% TOMCO ENERGY PLC ORD 0.5P 2.23 3.72% PHYSIOMICS PLC ORD 0.04P 0.30 3.45% SCANCELL HOLDINGS PLC ORD 0.1P 16.25
05-Apr-2012 09:27 AM

Chime completes acquisition of iLUKA

Chime Communications has completed its acquisition of iLUKA Limited. Chime said 555,357 new ordinary shares had been issued to the iLUKA vendors. The new shares had been issued at 25p apiece as part of the consideration. It is expected that dealings i
05-Apr-2012 09:24 AM

Hellenic Carriers unit sells 'Hellenic Sky'

Hellenic Carriers subsidiary Thasos Shipping has agreed to sell the 'Hellenic Sky' for $10.1m in cash. The ship is a 68,591 dwt Panamax vessel built in 1994 at Sasebo Heavy Industries, Japan. Delivery to the new owners is expected to take pl
05-Apr-2012 09:20 AM

Sandy Flockhart to retire as HSBC executive director

Sandy Flockhart is retiring as an executive director of HSBC Holdings, with effect from 30 April, after a career spanning 37 years. He will remain on the board as a non-executive director in order so that it retains access to his extensive international
05-Apr-2012 09:16 AM

Cherkizovo launches poultry breeding facility

Cherkizovo Group - one of Russia's leading integrated and diversified meat producers - has opened the first line of the large poultry breeding facility at its Bryansk cluster. The first line of the poultry breeding facility consists of 28 bird house
05-Apr-2012 09:14 AM

EKF Diagnostics granted China patent

EKF Diagnostics Holdings has been granted a patent in China for its Hemo Control microcuvettes, branded as NXT microcuvettes. EKF has received a 'certificate of invention' patent from the State Intellectual Property Office in relation to paten
05-Apr-2012 09:12 AM

Klövern has 99.8% of Dagon

Klövern's offer for Dagon has now been accepted by shareholders representing 99.8% of the capital. The offer has now being extended one final time until 16 April to enable shareholders who have not yet accepted the offer to do so. Story prov
05-Apr-2012 09:09 AM

COLG unit awarded institutional mandate

City Of London Group subsidiary Therium Capital Management has been awarded a new institutional mandate. Therium will act as exclusive investment adviser for this investment of an initial £5m fund in a portfolio of third party litigation and arbitration