London 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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