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Tuesday 25 March, 2014

25-Mar-2014 04:00 PM

Market Movers - Top risers and fallers at 16:00

FTSE 100 Cairn Energy PLC 163.85 8.29% Kingfisher PLC 431.95 6.26% SABMiller PLC 2965.25 4.59% Anglo American PLC 1495.00
25-Mar-2014 03:37 PM

Millennium & Copthorne acquires Chelsea hotel

Millennium & Copthorne Hotels has, through its subsidiaries, completed the acquisition of a five-star, all-suite hotel situated within London's Chelsea Harbour development. The property, which offers 154 suites and four penthouses in an iconic rive
25-Mar-2014 03:34 PM

Clydesdale Bank bonds downdgraded

Moody's has downgraded the rating on Clydesdale Bank's £400m and £700m covered bonds due 2015 and 2026 respectively to Aa1 from Aaa. The bonds were put on review for downgrade on 9 September. Story provided by
25-Mar-2014 03:30 PM

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

Overall Market Kennedy Ventures Plc 2.33 60.69% Pires Investments Plc Ord 0.1p 0.06 20.00% Central Rand Gold Ltd 18.00 18.03% LP Hill PLC 8.00
25-Mar-2014 03:00 PM

Market Movers - Top risers and fallers at 15:00

FTSE 100 Cairn Energy PLC 159.95 5.72% Kingfisher PLC 429.40 5.63% SABMiller PLC 2949.25 4.03% Wolseley PLC 3430.00
25-Mar-2014 02:56 PM

ABank CEO and general manager to step down

Alternatifbank chief executive and general manager Hamit Aydogan will be stepping down from his position with effect from 28 March. ABank's parent, Commercial Bank of Qatar, said executive vice-president and head of business Muzaffer Ozturk will be
25-Mar-2014 02:47 PM

Rangers credit facility transferred to fan

Rangers International Football Club's £1m secured short term credit facility with Laxey Partners has been transferred to shareholder and lifelong fan George Letham. The facility remains subject to the same terms and conditions with the exception
25-Mar-2014 02:41 PM

X5 sells non-core assets in Ukraine

X5 Retail Group - a leading Russian food retailer - has completed the sale of its Perekrestok supermarket operations in the Ukraine. It said the disposal of 'X5 Retail Group Ukraine', which accounts for less than 0.3% of X5's total reven
25-Mar-2014 02:32 PM

Datang takes hit from Inner Mongolia Yitai Coal

Datang International Power Generation Co will take a RMB241,476,125.03 hit on its full year results following a 'significant fall' in Inner Mongolia Yitai Coal's share price. Datang's wholly-owned subsidiary, Datang International (Ho
25-Mar-2014 02:30 PM

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

Overall Market Pires Investments Plc Ord 0.1p 0.06 20.00% CPP Group PLC 13.00 10.64% Central Rand Gold Ltd 16.38 9.20% Spring Group PLC 47.50
25-Mar-2014 02:23 PM

Aukett Fitzroy Robinson director steps down

Aukett Fitzroy Robinson director John Vincent has retired from the board as from today. He will retire from the business when completes his current project work for the group. Vincent has had a long and distinguished career over the past 35 years and
25-Mar-2014 02:20 PM

Tata Steel completes auction of Mumbai plot

Oberoi Realty was the highest bidder for 25 acres of land in Borivali, Mumbai, which put up for auction by Tata Steel on 18 December. Tata Steel said a committee of independent directors appointed to oversee the process declared Oberoi Realty as the high
25-Mar-2014 02:12 PM

OFT publishes IP-Fusion IP decision

The Office of Fair Trading has published the text of its decision on the anticipated acquisition by IP Group of Fusion IP which was cleared. This decision can be found on the OFT's website The text of this decision will be placed
25-Mar-2014 02:09 PM

US new home sales fall

Sales of new single-family houses in February were at a seasonally adjusted annual rate of 440,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development. This is 3.3% below the revis
25-Mar-2014 02:07 PM

CB Consumer Confidence Index rises to 82.3

The Conference Board Consumer Confidence Index, which had decreased in February, improved in March. The index now stands at 82.3 (1985=100), up from 78.3 in February. Story provided by
25-Mar-2014 02:05 PM

Richmond Manufacturing Index falls to -7

Fifth District manufacturing activity remained soft in March, according to the most recent survey by the Federal Reserve Bank of Richmond. The index fell to -7 - down from -6 in February. A rise to -1 had been forecast. Shipments and the volume of new o
25-Mar-2014 02:00 PM

Market Movers - Top risers and fallers at 14:00

FTSE 100 Cairn Energy PLC 160.00 5.75% Wolseley PLC 3458.50 4.68% Kingfisher PLC 425.20 4.60% SABMiller PLC 2940.75
25-Mar-2014 01:47 PM

Standard Chartered board changes

Standard Chartered independent non-executive directors Jamie Dundas and Rudy Markham will step down from the board from 1 May. The company announced their resignation from the board on 29 November. Lars Thunell who joined the board as an independent non-
25-Mar-2014 01:44 PM

David Hodgson joins AngloGold Ashanti board

AngloGold Ashanti has appointed David Hodgson as an independent non-executive director with effect from 25 April. Hodgson has extensive experience in the international mining sector. He held a series of senior and executive positions during three dec
25-Mar-2014 01:38 PM

Chalkstream posts operating loss

Chalkstream Investment Company posts an operating loss of £94,093 for the period from its incorporation on 29 November 2012 to the end of November last year. The company says that since being admitted to trading on ISDX Growth Markets on 17 May, the bo
25-Mar-2014 01:33 PM

Aukett Fitzroy Robinson name change approved

Aukett Fitzroy Robinson shareholders have approved the company's change of name to Aukett Swanke Group. This will take effect once the Registrar of Companies has issued a change of name certificate. The name change was approved at the annual genera
25-Mar-2014 01:30 PM

IPSA wins jurisdiction ruling over Iris claim

IPSA Group has won a court ruling on the jurisdiction over a claim brought by Iris Ecopower Sdn Berhad. A court hearing in Malaysia has accepted an application by IPSA that the Malaysian courts should not have jurisdiction over the claim. The court also
25-Mar-2014 01:30 PM

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

Overall Market Ark Therapeutics Group PLC 0.60 20.00% Silence Therapeutics PLC 283.00 6.59% ProPhotonix Limited (DI) 2.00 5.26% Karelian Diamond Resources PLC 2.73
25-Mar-2014 01:26 PM

Carnival earnings 'better than anticipated'

Cruise shipping giant Carnival Corporation & plc posts non-GAAP net income of $2m for the first quarter - down from $67m a year ago. The company reports a US GAPP net loss, which included net unrealized losses on fuel derivatives of $17m, of $15m for the
25-Mar-2014 01:17 PM

Petrel seeks injunction over Ghana block

Petrel Resources is seeking an injunction to prevent the award of any part of the Tano 2A block to a third party. Petrel says this follows recent press reports and associated speculation regarding the ratification by the Ghanaian parliament of a petro

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