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Recent News

Monday 08 February, 2016

08-Feb-2016 09:14 AM

DP World chairman to take on CEO role

DP World chairman Sultan Ahmed bin Sulayem has been appointed chief executive in addition to his existing role with immediate effect. He became chairman of DP World in May 2007 and has overseen its expansion, including the acquisitions of CSX and the P&O
08-Feb-2016 09:10 AM

Broker Forecast - Nomura issues a broker note on Hunting PLC

Nomura today reaffirms its neutral investment rating on Hunting PLC (LON:HTG) and cut its price target to 240p (from 355p). Story provided by StockMarketWire.com...
08-Feb-2016 09:03 AM

Mbeya coal-to-power IBFS first phase completed, says Kibo

Kibo Mining has confirmed that phase 1 of the Mbeya coal to power project integrated bankable feasibility study has been successfully completed. Key highlights - Successful integration of three primary MCPP feasibility study work streams; - P
08-Feb-2016 09:02 AM

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

Overall Market Bahamas Petroleum Company 2.32 +28.18% Lansdowne Oil & Gas 1.88 +15.38% LiDCO Group 6.62 +12.77% Frontier Resources International 0.09
08-Feb-2016 09:00 AM

Market Movers - Top risers and fallers at 09:00

FTSE 100 Glencore 105.90 +3.67% Randgold Resources 5455.00 +2.92% Rio Tinto 1870.75 +2.90% Standard Chartered 465.03 +2.
08-Feb-2016 09:00 AM

Broker Forecast - Nomura issues a broker note on Amec Foster Wheeler PLC

Nomura today downgrades its investment rating on Amec Foster Wheeler PLC (LON:AMFW) to neutral (from buy) and cut its price target to 360p (from 660p). Story provided by StockMarketWire.com...
08-Feb-2016 08:57 AM

Fitch Affirms Austria at 'AA+'

Fitch Ratings has affirmed Austria's long-term foreign and local currency issuer default ratings at 'AA+' with stable outlooks. The issue ratings on Austria's senior unsecured foreign and local currency bonds have also been affirmed a
08-Feb-2016 08:53 AM

Fitch upgrades Ireland to 'A'

Fitch Ratings has upgraded Ireland's long-term foreign and local currency issuer default ratings to 'A' from 'A-'. The outlooks are stable. The issue ratings on Ireland's senior unsecured foreign and local currency bonds h
08-Feb-2016 08:50 AM

Broker Forecast - Peel Hunt issues a broker note on Rank Group (The) PLC

Peel Hunt today reaffirms its add investment rating on Rank Group (The) PLC (LON:RNK) and raised its price target to 292p (from 289p). Story provided by StockMarketWire.com...
08-Feb-2016 08:48 AM

GLI Finance proposed fundraising

GLI Finance has confirmed that it has agreed binding terms for a strategic relationship with Golf Investments, following the announcement on 21 December. The board intends to use the proceeds from implementation of the proposals to substantially repay th
08-Feb-2016 08:40 AM

Broker Forecast - Barclays Capital issues a broker note on Ocado Group Plc

Barclays Capital today reaffirms its equal weight investment rating on Ocado Group Plc (LON:OCDO) and cut its price target to 290p (from 420p). Story provided by StockMarketWire.com...
08-Feb-2016 08:35 AM

Fitch downgrades Marathon to 'BBB'

Fitch Ratings has downgraded Marathon Oil Corporation's issuer default rating and debt ratings to 'BBB' from 'BBB+'. Fitch has also affirmed MRO's short-term IDR and commercial paper ratings at 'F2' and revised i
08-Feb-2016 08:30 AM

Broker Forecast - Barclays Capital issues a broker note on Inmarsat PLC

Barclays Capital today downgrades its investment rating on Inmarsat PLC (LON:ISAT) to underweight (from equal weight) and raised its price target to 1000p (from 740p). Story provided by StockMarketWire.com...
08-Feb-2016 08:26 AM

ISG posts circular on rejection of Cathexis offer

ISG has posted a circular to shareholders explaining why it believes they should reject Cathexis UK Holdings' revised offer of 171p per share. The board has unanimously rejected the offer and recommended that all shareholders do the same and take n
08-Feb-2016 08:20 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Smith & Nephew PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Smith & Nephew PLC (LON:SN.) and cut its price target to 1072p (from 1089p). Story provided by StockMarketWire.com...
08-Feb-2016 08:14 AM

Genel notes payment for KRI oil exports

Genel Energy has noted the announcement from DNO ASA, as operator of the Tawke field, that the Tawke field partners have received a gross payment of $17.99 million towards the monthly entitlement for January, for oil exported through the Kurdistan Region
08-Feb-2016 08:13 AM

LED ceases China joint venture talks

LED International Holdings says it is likely it will seek to raise finance in the short to medium-term future given the constraints of the company's working capital position and has ceased joint venture talks in China. It says this could be via a n
08-Feb-2016 08:10 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Hargreaves Lansdown PLC

JP Morgan Cazenove today reaffirms its underweight investment rating on Hargreaves Lansdown PLC (LON:HL.) and cut its price target to 1150p (from 1200p). Story provided by StockMarketWire.com...
08-Feb-2016 08:03 AM

KEFI to present at Mining Indaba

KEFI Minerals executive chairman Harry Anagnostaras-Adams,head of operations Wayne Nicoletto and non-executive director Norman Ling will be meeting with investors and bankers at the Mining Indaba conference in Cape Town, from today until 11 February 2016.
08-Feb-2016 08:00 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Halma PLC

JP Morgan Cazenove today reaffirms its underweight investment rating on Halma PLC (LON:HLMA) and raised its price target to 720p (from 715p). Story provided by StockMarketWire.com...
08-Feb-2016 07:58 AM

Intelligent Energy JDA with martphone OEM

Intelligent Energy has signed a joint development agreement with an emerging smartphone OEM following on from a letter of intent signed in late November. The deal will see IE and the OEM working closely together to deliver a tailored development and inte
08-Feb-2016 07:56 AM

Alecto JV with Randgold for Kossanto West project

Alecto Minerals' wholly-owned subsidiary Caracal Gold Mali SARL has entered into a joint venture agreement with Randgold Resources (Mali) Limited for the exploration and development of Alecto's 137 sq km Kossanto West gold project in western Ma
08-Feb-2016 07:52 AM

Advanced Oncotherapy agreement with Thales

Advanced Oncotherapy, the developer of next-generation proton therapy systems for cancer treatment, announces that it has entered into an industrialisation agreement with Thales, for its proprietary LIGHT system. This agreement with Thales provides Adv
08-Feb-2016 07:51 AM

Sylvania Platinum's H1 pretax profit lower

Sylvania Platinum has booked an H1 pretax profit of USD0.82m, from USD4.77m. Revenue was USD18.5m, from USD27.5m. "In the light of declining commodity prices and challenging industry conditions during the six months to 31 December 2015 the main oper
08-Feb-2016 07:49 AM

Elegant Hotels acquires Waves Hotel and Spa

Elegant Hotels Group, through its subsidiary Elegant Hotels (Barbados) Management Ltd, has entered into a conditional agreement to acquire Swiss International in Barbados, the owner of the property trading as Waves Hotel and Spa, for US$18.0 million. Wa

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