Safeland 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
Read moreLondon close: Oils and pharmas shine
22nd Dec 2009 17:09
London equities added to the previous day's gains although a late pull-back ensured that rises were not as extensive as yesterday. Oil stocks and pharmaceuticals led the way higher. Cairn Energy enjoyed another strong day after it announced yesterday that it would start its drilling programme in G
Read moreLondon afternoon: Shares off the top
22nd Dec 2009 14:28
Leading shares came off the top over the lunch time period but most are still sporting reasonable gains, leaving the Footsie still within striking distance of its high for the year. Oil stocks are driving the index higher, particularly Cairn Energy and Royal Dutch Shell. Cairn Energy is enjoying
Read moreLondon midday: Shell leads advance
22nd Dec 2009 11:50
With two of its five most heavily weighted constituents notching up rises in excess of 2%, the FTSE 100 had a good morning session. Royal Dutch Shell and GlaxoSmithKline are the two heavy hitters boosting the blue-chip index's performance. Oil giant Shell gets a boost from firmer oil prices while d
Read moreAlba Mineral taps directors for loan
22nd Dec 2009 09:34
Mining company Alba Mineral Resources has given up seven of the eight nickel mine licences it holds in Sweden. It is retaining the Kälen licence in Västerbotten, but intends to let this expire when it runs out in January 2010. The cash-strapped company has secured various loan facilities of £100,00
Read moreLondon close: Blue chips close lower
28th May 2009 16:51
UK blue chips closed lower despite a bright start on Wall Street with sentiment knocked by poorly received updates from Wolseley and Man Group. Hedge fund manager Man Group was weighed down by disappointing results. "The past financial year saw extraordinary turmoil in financial markets globally wh
Read moreLondon afternoon: Leading shares trim losses
28th May 2009 14:12
Shares staged a fight back over the lunch-time session but Footsie remains in the red ahead of the opening on Wall Street, which is expected to see shares open moderately firmer. Shares in hedge fund manager Man Group would be expected to plunge on a day when optimism about the economic recovery of
Read moreMining round-up: Alba, Kalahari, Platinum Australia...
28th May 2009 09:49
Full year losses more than doubled at UK based explorer Alba Minerals to £1.03m from £442,662 a year earlier, largely due to a £683,000 write-down on the carrying value of the group's exploration projects. The auditors report also raised fears about the firm's ability to continue as a going concern
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