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Tuesday 24 December, 2013

24-Dec-2013 09:30 AM

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

Overall Market New World Oil & Gas PLC 0.75 19.05% Regal Petroleum PLC 12.50 13.64% Max Petroleum PLC 3.90 9.86% Graphene Nano 113.00
24-Dec-2013 09:00 AM

Market Movers - Top risers and fallers at 09:00

FTSE 100 Man Group PLC 85.95 1.72% British Sky Broadcasting Group PLC 825.75 1.63% Admiral Group PLC 1307.00 1.55% Associated British Foods PLC 2482.50
24-Dec-2013 08:49 AM

Fitch updates US RMBS loan loss model criteria

Fitch Ratings has updated its criteria for estimating losses on US mortgage pools for residential mortgage-backed securities' transactions - 'US RMBS Loan Loss Model Criteria' - to address updates to the treatment of borrower reserves and l
24-Dec-2013 08:30 AM

Market Movers - Top risers and fallers between 07:00 and 08:00

Overall Market Story provided by
24-Dec-2013 08:29 AM

Irish prime RMBS shows signs of stabilisation

The performance of the Irish prime residential mortgage-backed securities market continued to show some sign of stabilisation but remained weak during the three-month period leading to October, according to the latest indices published by Moody's Inv
24-Dec-2013 08:22 AM

Hexaware board approves merger

Hexaware Technologies' board has approved the merger of its wholly-owned business process outsourcing provider, Caliber Point Business Solutions, with the company. Story provided by
24-Dec-2013 08:13 AM

French RMBS performance 'stable'

The performance of the French prime residential mortgage-backed securities market was stable during the six-month period to September, according to the latest indices published by Moody's Investors Service. Moody's says the 90+ day delinquency
24-Dec-2013 08:09 AM

China Mobile's iPhones deal is 'credit positive'

China Mobile' right to sell iPhones in mainland China is credit positive for the telecommunications carrier, Moody's Investors Service says. China Mobile and Apple Inc announced they had entered into a multi-year distribution deal agreement on
24-Dec-2013 07:57 AM

Co-op Bank's RMBS unchanged by rating actions

Fitch Ratings says there is no rating impact on The Co-operative Bank's residential mortgage-back securities' programmes following rating actions on Co-op. Co-op currently performs the roles of servicer, issuer account bank, collection account
24-Dec-2013 07:52 AM

Helical Bar in £100m refinancing

Helical Bar has secured a new circa £100m five year debt facility from pbb Deutsche Pfandbriefbank, refinancing £46m of existing debt and boosting cash reserves by £29m. The terms of the facility, repayable in February 2019, allows drawdowns of up to
24-Dec-2013 07:50 AM

Mella Frewen steps down from Aer LIngus board

Aer Lingus has confirmed that Mella Frewen is stepping down from the board on the expiry of her term of appointment on 31 December. Chairman Colm Barrington said: "I would like to thank Mella for her contribution to Aer Lingus during her period as a
24-Dec-2013 07:47 AM

CBI to launch new economic indicator

The Confederation of British Industry is launching a new monthly indicator which will aggregate its survey indicators of economic activity into a whole economy index. The new economic indicator - which will be launched on 27 January - will bring together
24-Dec-2013 07:41 AM

Blue Star invests in Oak Media

Blue Star has made an investment in Oak Media Limited. OAK is an early stage gaming technology aggregator which intends to supply solutions to mainstream brands and broadcast operators. Blue Star says this is the company's first investment in the g
24-Dec-2013 07:31 AM

Black Mountain secures A$3m strategic debt financing

Black Mountain Resources has secured A$3m strategic long term debt financing with Alcyone Resources Limited which will be used towards funding the development of the New Departure and Conjecture Silver Projects. Black Mountain chairman Peter Landau said
24-Dec-2013 07:29 AM

British Land and GIC in Broadgate JV

British Land and GIC, Singapore's sovereign wealth fund, have signed a strategic partnership for Broadgate, one of the premier office complexes in London with over 4 million sq ft of office, retail and leisure space. This follows GIC's agreeme
24-Dec-2013 07:27 AM

Chelyabinsk Zinc Plant budget approved

Chelyabinsk Zinc Plant's board has approved the company's budget for 2014., CZP plans to produce 165,000 tonnes of saleable SHG zinc and zinc based alloys. CZP's affiliated company, Nova Zinc LLC (operator of Akzhal zinc and lead ore mine
24-Dec-2013 07:27 AM

Newbury Racecourse director Stephen Higgins resigns

Newbury Racecourse director Stephen Higgins has resigned with immediate effect. Story provided by
24-Dec-2013 07:25 AM

Black Sea Property to sell Chorno More

The Black Sea Property Fund has entered into a binding agreement to sell its Chorno More subsidiary for �?¬1.25m in cash to Garitage Investments and has received a 10% down payment. The Chorno More subsidiary holds the 'Evergreen' land p
24-Dec-2013 07:23 AM

IFG rules out 'highly conditional approach'

IFG Group will not proceed further with the approach announced on 20 December. IFG says that this is due to the highly conditional nature of the proposal. Story provided by
24-Dec-2013 07:20 AM

Boxhill losses widen

Boxhill Technologies posts losses of £438,000 for the year to the end of July - up from £291,000 a year ago. Revenues rose to £1.3m from £1.1m while the cost of sales increased to £836,000 from £723,000. Chairman Lord E.T. Razzall said: "The
24-Dec-2013 07:17 AM

Daniel Stewart trims losses

Investment bank Daniel Stewart Securities posts losses of £982,039 for the six months to the end of September - down from £998,431 a year ago. Overall the group returned numbers similar to 30 September 2012 with the six months this year showing little
24-Dec-2013 07:16 AM

Segro sells Neckermann site for 46m euros

Segro has completed the disposal of the Neckermann site in Frankfurt for 46m euros. Story provided by
24-Dec-2013 07:15 AM

Tullow's Mantra well encounters reservoir quality sands

Tullow Oil said the 31/3-4 exploration well on the Mantra prospect offshore Norway has encountered reservoir quality sands but all intervals are water wet. The 31/3-4 wildcat was the first exploration well in the Tullow operated 551 production licence a
24-Dec-2013 07:14 AM

Sony Corp of America to sell Gracenote Inc for $170m

Sony Corporation of America, a subsidiary of Sony Corp, has agreed to sell all of the shares of Gracenote to Tribune Company for $170m, subject to standard adjustments. Sony expects to record a gain within operating income of about $60m at the completio
24-Dec-2013 07:12 AM

ING completes sale of ING Life Korea

ING has completed the sale of ING Life Korea to MBK Partners, a Korean private equity firm, for a total purchase price of approximately �?¬1.27bn. ING says that in line with the announcement of 26 August, the transaction has resulted in an after-tax

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