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Recent News

Wednesday 30 November, 2016

30-Nov-2016 09:46 AM

Greka Drilling wins new contract with PetroChina

Greka Drilling Limited has won a new contract to provide CBM drilling services to PetroChina Huabei Oilfield Limited in the Fanzhuang block in Shanxi Province, China. Greka Drilling successfully drilled 13 wells (involving 19,257 metres) for PetroChina
30-Nov-2016 09:44 AM

Fitch rates Time Warner bond offering 'BBB+'

Fitch Ratings has assigned a 'BBB+' rating to the proposed issuance of benchmark sized 10-year senior unsecured notes by Time Warner Inc. Net proceeds will be used for general corporate purposes, including debt reduction. Fitch currently rat
30-Nov-2016 09:43 AM

GTH completes sale of Zimbabwe operations

VimpelCom says its 51.9% owned subsidiary, Global Telecom Holding, has completed the previously announced sale of Telecel International Ltd to ZARNet (Private) Limited in Zimbabwe for $40 million. Story provided by StockMarketWire.com...
30-Nov-2016 09:43 AM

Sanderson Group lifts FY pretax profit, dividend

Sanderson Group said its trading results for the year ended 30 September 2016 are in line with market expectations in terms of profit whilst revenue is slightly ahead of expectations. "Gross margin remains strong at 84% (2015: 85%), reflecting a c
30-Nov-2016 09:41 AM

BCA Marketplace adjusted earnings up

BCA Marketplace - Europe's largest used vehicle marketplace and automotive services provider - reports revenue of £909.8m for the six months to 2 October (2015: £546.3m) as a result of acquisitions, vehicle buying and outsourced remarket
30-Nov-2016 09:40 AM

Broker Forecast - Citigroup issues a broker note on esure Group plc

Citigroup today reaffirms its buy investment rating on esure Group plc (LON:ESUR) and set its price target at 225p. Story provided by StockMarketWire.com...
30-Nov-2016 09:35 AM

Aquila Services revenues rise

Aquila Services Group posts an operating profit of £239,000 for the six months to the end of September - up from £205,000 last time. Revenues of £2.8m were up from £2.3m a year ago while gross profit rose to £673,000 from
30-Nov-2016 09:31 AM

Findel revenues rise

Findel's first half revenues rose to £213.0m - up from £191.4m - but pre-tax profits before exceptional items and revaluation of forward foreign exchange contracts fell to £1.9m from £3.4m. Highlights: - Continued st
30-Nov-2016 09:30 AM

Broker Forecast - Goldman Sachs issues a broker note on Antofagasta PLC

Goldman Sachs today upgrades its investment rating on Antofagasta PLC (LON:ANTO) to neutral (from sell) and raised its price target to 750p (from 500p). Story provided by StockMarketWire.com...
30-Nov-2016 09:28 AM

Telford Homes' H1 pretax profit more than halved

Telford Homes' H1 pretax profit has been more than halved to £9.3m, from £21.0m a year earlier. "With revenues weighted to the second half the Board is confident of meeting market expectations for pre-tax profits in the year to 31 M
30-Nov-2016 09:25 AM

Fitch affirms CIT Group at 'BB+'

Fitch Ratings has affirmed the long and short-term issuer default ratings for CIT Group Inc and CIT Bank NA at 'BB+/B'. The rating outlook is stable. Story provided by StockMarketWire.com...
30-Nov-2016 09:24 AM

Breedon to acquire Sherburn

Breedon, the UK's largest independent construction materials group, has agreed to acquire the Sherburn Minerals Group for a total consideration of up to £15.7 million. Sherburn is a leading independent heavyside building materials business
30-Nov-2016 09:23 AM

Sage Group's FY pretax profit slips a jot

Sage Group's statutory FY pretax profit has slipped a jot to £275m, from £276m. Ordinary dividend per share was 14.15p, from 13.1p. Revenue totalled £1.57bn, from £1.44bn. The company also said that Ruth Markland and Inna Kuznetsova have advised th
30-Nov-2016 09:20 AM

Broker Forecast - Goldman Sachs issues a broker note on Compass Group PLC

Goldman Sachs today reaffirms its neutral investment rating on Compass Group PLC (LON:CPG) and raised its price target to 1506p (from 1491p). Story provided by StockMarketWire.com...
30-Nov-2016 09:18 AM

Oda FDA submitted, says Faroe

Faroe Petroleum has announced that the partners in the Oda (previously named Butch) field (licence PL 405) have submitted the plan for its development and operation to the Norwegian Ministry of Petroleum and Energy. The Oda field (Faroe 15%) was discove
30-Nov-2016 09:18 AM

Sacoil provides detail on loss per share outlook

Sacoil advises that its basic loss per share is seen at 6.76 cents to 6.79 cents on Aug. 31. Net asset value per share is seen at between 19.58 cents and 22.39 cents. "Shareholders are referred to the announcement released on the Johannesburg Stock
30-Nov-2016 09:12 AM

Galileo update on Concordia project

Galileo has issued an update on the ongoing exploration programme being undertaken at the Concordia copper project in the Northwest Cape Province of South Africa. Highlights: - First phase of distributed array (DA) IP Induced Polarisation survey o
30-Nov-2016 09:10 AM

Broker Forecast - finnCap issues a broker note on Horizonte Minerals PLC

finnCap today reaffirms its corporate investment rating on Horizonte Minerals PLC (LON:HZM) and cut its price target to 8p (from 12p). Story provided by StockMarketWire.com...
30-Nov-2016 09:05 AM

Nighthawk output remains strong

Nighthawk Energy says production continued to remain strong during the first ten months of 2016. It said the effects of a natural water drive in the Arikaree Creek field, along with the efforts from the production operations team, had kept 2016 production
30-Nov-2016 09:02 AM

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

Overall Market Anglesey Mining 3.88 +40.91% AFI Development 0.16 +23.08% Greka Drilling 2.52 +18.31% Jersey Oil And Gas 134.50
30-Nov-2016 09:00 AM

Market Movers - Top risers and fallers at 09:00

FTSE 100 Ashtead Group 1557.50 +3.08% Royal Dutch Shell 2076.25 +2.20% CRH 2698.00 +2.12% Royal Dutch Shell 1987.75 +1.
30-Nov-2016 09:00 AM

Broker Forecast - Barclays Capital issues a broker note on Aberdeen Asset Management PLC

Barclays Capital today reaffirms its underweight investment rating on Aberdeen Asset Management PLC (LON:ADN) and cut its price target to 260p (from 300p). Story provided by StockMarketWire.com...
30-Nov-2016 08:57 AM

JPMorgan Smaller Cos resolutions passed at AGM

JPMorgan Smaller Companies Investment Trust has confirmed that all resolutions proposed at its annual general meeting yesterday were passed. At 8:57am: (LON:JMI) JPMorgan Smaller Companies Investment Trust Plc share price was -1p at 769p Story provid
30-Nov-2016 08:50 AM

Broker Forecast - Barclays Capital issues a broker note on Tullett Prebon PLC

Barclays Capital today reaffirms its underweight investment rating on Tullett Prebon PLC (LON:TLPR) and raised its price target to 360p (from 295p). Story provided by StockMarketWire.com...
30-Nov-2016 08:40 AM

Broker Forecast - Berenberg issues a broker note on Antofagasta PLC

Berenberg today reaffirms its sell investment rating on Antofagasta PLC (LON:ANTO) and raised its price target to 500p (from 385p). Story provided by StockMarketWire.com...

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