London midday: Stocks advance as M&A speculation boosts Burberry and IHG
9th Apr 2015 11:39
UK stocks advanced on Thursday despite some mixed economic data, as ongoing M&A speculation and easing concerns about Greece drove markets higher. London's FTSE 100 was up 0.76% at 6,989.91 by noon despite weakness in the heavyweight mining sector, as bid hopes boosted stocks such as Burberry and In
Read moreAIM explorers hail 'significant' oil discovery in Horse Hill, Southern England
9th Apr 2015 07:46
Small cap oil exploration firm UK Oil & Gas Investments (UKOG) has made a 'significant' oil discovery in the South of England, said to be the largest onshore find in the country for 30 years. Other companies with interests in the Horse Hill licences, which cover 55 square miles of the Weald Basin, i
Read moreUK Oil & Gas leads peers higher on Horse Hill potential
18th Mar 2015 08:14
Shares in a number of AIM oil producers rose on Wednesday after an update on the Horse Hill discovery in the UK Weald Basin showed further potential oil pay. Horse Hill Developments Ltd (HHDL), which is part-owned by several UK-listed producers, said that ongoing well analysis of the Horse Hill-1 we
Read moreSolo Oil and partners fail to find gas in UK well
5th Nov 2014 15:47
A string of oil companies have announced that part of a well near Gatwick airport in southern England has come up dry, knocking their shares. The companies, including Stellar Resources, Solo Oil, Regency Mines, UK Oil & Gas Investments, Alba Mineral Resources and Doriemus, said exploration of the Tr
Read moreStellar Resources, Solo Oil and others strike oil near UK's Gatwick Airport
24th Oct 2014 13:49
A string of oil companies have struck oil near Gatwick Airport in southern England. The companies, including Stellar Resources, Solo Oil, Regency Mines, UK Oil & Gas Investments, Alba Mineral Resources and Doriemus, are in a consortium that has found an oil accumulation in the Horse Hill-1 well on t
Read moreSolo Oil, Stellar Resources and Alba Mineral Resources strike oil in UK
6th Oct 2014 08:05
Oil explorers Solo Oil, Alba Mineral Resources and Stellar Resources have struck oil at a site in southern England. The companies said their Horse Hill-1 drilling well encountered Portland Sandstone over the weekend, with oil shows at between 2,100 and 2,400 feet of measured depth. The sandstone dr
Read moreHorse Hill Development granted final approval for Weald Basin drilling
6th Aug 2014 13:34
Horse Hill Developments Ltd (HHDL), a joint venture (JV) group developed by several AIM-listed companies, has now been granted final approvals from the UK Environment Agency to go ahead the Horse Hill Prospect in the Weald Basin, Surry. The approvals clear the way for the JV to proceed with the dri
Read moreAlba Minerals shares rocket on Horse Hill Development investment
11th Jul 2014 12:28
Alba Mineral's shares more than doubled after it announced it will be acquiring a 5% stake in the Horse Hill Development (HHDL) near Gatwick Airport. The group has signed an agreement which will see it pay £0.3m to HHDL, the newly-incorporated special purpose vehicle which rights to buy a 65% in t
Read moreRegenersis CFO tops up stake as results impress
24th Sep 2013 16:44
Jog Dhody, the Chief Financial Officer of Regenersis, on Tuesday acquired 39,000 ordinary shares in the outsourcing partner on the same day it posted "a strong financial performance and good growth" for the year ended June 30th. Dhody bought the shares a price of 255p per share, spending a total o
Read moreSafeland recovering from frauds to find safer ground
19th Aug 2013 11:56
A quieter year for London property developer Safeland is no bad thing despite lower revenues, as it returns to a safer financial footing and recovers from frauds carried out by its former Finance Director. Chairman Raymond Lipman, whose son Larry Lipman is Managing Director, said the year had stil
Read moreAlba to ease debt to JV partner with issue of shares
6th Feb 2012 12:03
Alba Mineral Resources, a UK-based exploration company, is pleased to announce that FOSSE Investments, its joint venture partner in Mauritania, has agreed to take ordinary shares in Alba by way of payment for part of the balance due by Alba to the joint venture. Alba will satisfy £26,400 of the d
Read moreLondon close: Strong finish to bad month
31st Aug 2011 16:39
The top share index finished the worst month since the financial crisis broke out in late 2008 with strong gains as strong economic data in the US whetted investors' appetite for battered shares. The purchasing managers' index, which measures industrial sentiment for the Chicago area, came in ahead
Read moreAlba narrows losses, funding tight
31st Aug 2011 14:51
Alba Mineral Resources, which has mineral properties in Mauritania and Ireland, narrowed losses in the half year to 31 May, but said that its ability to finance exploration activities has been severely restricted. Pre-tax losses narrowed to £68,200 from £96,400 over the same period the previous yea
Read moreSector movers: Miners fall back after updates
30th Apr 2010 12:08
Mining stocks are lower after failing to impress the market with trading updates. Alba Mineral Resources, which has nickel, gold and uranium interests in Ireland, Scotland and Mauritania, is deep in the red after saying the costs of keeping its exploration activities up and running has 'severely re
Read moreSmall caps round-up: Altitude, Amerisur Resources, Rugby Estates...........
30th Apr 2010 11:02
Promotional merchandise company Altitude lost £624,000 last year, much more than the £33,000 deficit recorded in 2008 as revenue tumbled 15%. Revenue fell to £15.3m from £18m as the end user businesses, the largest part of the group, saw sales drop to £10.2m from £13.6m. "2009 was the most difficu
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