Balfour Beatty agrees takeover of gas-to-power producer Alkane Energy
16th Sep 2015 09:09
(ShareCast News) - A takeover offer by infrastructure group Balfour Beatty for Alkane Energy has been accepted at 36p per share, valuing the independent gas to power producer at £61.4m. The offer from Balfour Beatty Infrastructure Partners (BBIP) represented a premium of 44% to Wednesday's closing p
Read moreOfgem launches investigation into Alkane and others over National Grid auction
21st May 2015 14:38
The UK energy regulator Ofgem has begun an investigation into five companies, including listed Alkane Energy, over concerns they "provided false or misleading information about planning consents" when bidding for National Grid contracts. In December 2014, National Grid held its annual capacity aucti
Read moreAlkane Energy confirms award of £14m worth of capacity mechanism agreements
5th Jan 2015 08:32
Holding group Alkane Energy said the award of capacity mechanism agreements has been confirmed, following the approval of the Secretary of State. The group had initially announced it had won agreements covering 101MW on 19 December, though the deal remained subject to a review from the Secretary of
Read moreAlkane Energy wins contracts under new National Grid programme
24th Sep 2014 08:39
Alkane Energy has scored several contracts as part of National Grid's demand side balancing reserve (DSBR) programme. The 2014/15 winter season contracts are to supply 56 mega watt capacity to National Grid during periods of high system demand over the winter season running from 1 November to 28 Feb
Read moreAlkane Energy announces agreement with Edgon Resources
13th May 2014 13:31
Alkane Energy has unveiled an agreement with Edgon Resources to transfer rights over its shale interests in 10 licence areas to Egdon in exchange for shares. A total of 40m Edgon shares will be issued to Alkane, based on independent resource estimates. The transfer of the assets gives Alkane an 18
Read moreMonday broker round-up UPDATE
20th Jan 2014 08:41
Admiral Group: Canaccord Genuity raises target price from 1160p to 1400p and upgrades to hold. African Barrick Gold: Westhouse Securities lowers target price from 170p to 160p and downgrades to sell. Alkane Energy: Liberum Capital downgrades to hold with a target price of 44p. Allocate Software:
Read moreSports Direct's Ashley sells 16m shares, YouGov founder trades in 3.35m
24th Oct 2013 16:03
Sports Direct's founder Mike Ashley has sold 16m shares in the retailer, representing a 2.7 per cent holding and netting the billionaire owner of Newcastle United 106m pounds. An announcement to the stock exchange revealed Ashley had sold the shares at a price of 662.5p, marking a 7.5% discount to
Read moreAlkane Energy unveils increase in electricty output
9th Jul 2013 14:47
Alkane Energy reported an increase in half-year electricity output boosted by the acquisition of Greenpark Energy. In the first six month of the year, the group achieved a 44% rise in electricity output to 94 gig watt hours (GWH) compared to a year earlier, according to a trading update on Tuesday
Read moreAlkane Energy completes acquisition of Maltby Colliery methane assets
24th May 2013 13:59
Alkane Energy, the AIM-listed independent gas-to-power company, has completed the acquisition of certain of the coal mine methane assets of Yorkshire-based Maltby Colliery and associated 6.0m pounds gross fundraising. The company said that the acquisition and the fundraising were conditional upon
Read moreAlkane Energy buys coal mine methane assets from Maltby Colliery
22nd May 2013 09:42
Alkane Energy has agreed to acquire coal mine methane (CMM) assets from Maltby Colliery, a subsidiary of Hargreaves Services. The company is paying an initial consideration of £5.5m cash with an additional £2.0 payable upon completion of the full closure of the mine which is expected in first half
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreAlkane Energy achieves annual revenue increase as output grows
13th Mar 2013 10:02
Alkane Energy reported a 54 per cent increase in 2012 revenue on Wednesday as the gas to power producer achieved its eighth successive year of output growth. The company posted revenue of £14.7m, up from £9.5m the previous year, as output rose 19% to 167 gigawatt-hours. Group profit before tax inc
Read moreAlkane Energy increases output as demand grows
18th Jan 2013 11:05
Alkane Energy has increased its output following new contract wins and orders, the gas and power provider said Friday. Production has risen 19% year-on-year, according to the group's trading update for the year to December 31st. The company expects to deliver full-year electricity output of 167 gi
Read moreAvocet Mining Chairman tops up stake after disappointing update
6th Nov 2012 16:21
Russell Edey, the Chairman of Avocet Mining since 2010, has boosted his stake by 100,000 shares, less than a week after the company saw its shares fall following a mixed third-quarter update. Edey purchased the shares at 63.75p a time for a total of £63,750. In an update last Thursday, the compa
Read moreDebenhams CEO tops up stake with 100,000 shares
25th Oct 2012 16:02
Michael Sharp, the Chief Executive Officer of department store chain Debenhams, has added 100,000 shares to his stake in the company on the same day it posted a 2.3 per cent rise in like-for-like sales during a year of 'challenging trading conditions'. The transaction saw Sharp buy the shares at 1
Read more