London open: Wall St rally boosts Footsie
13th Oct 2010 08:48
Last night's recovery on Wall St following the Federal Reserve's hint at further stimulus measures has boosted London early on despite a big bank cash call. Standard Chartered, the emerging markets focused bank, is preparing for stricter capital requirements for banks with a £3.26bn cash call. The
Read moreAscent rises on resource estimate
13th Oct 2010 08:19
Ascent Resources, the oil and gas exploration and production company, has received an independent report corroborating the highly prospective nature of its Petisovci-Lovaszi project area on the Hungarian-Slovenian border. An independent oil and gas assessor has estimated proven and probable (P50) r
Read moreDaly buys at BAT
1st Oct 2010 16:31
British American Tobacco's chief operating officer John Daly has invested nearly £511,000 in shares in the tobacco company. He has bought 21,200 shares at 2408.57p each and that takes his beneficial stake to 52,417 shares. Daly joined BAT as a result of its merger with Rothmans in 1999. He was a
Read moreJKX kicks off Bulgaria drill programme
2nd Sep 2010 08:17
JKX begins a two-well drill programme in Bulgaria today to test targets will an estimated resource of up to 60 billion cubic feet (Bcf). The Staro Oryahovo South R-1 well in the Kamchia basin, south west of Varna, will take until the end of the month to drill to its target depth of 1,800m. It has
Read moreAscent Resources Ups Interest In North Sea Blocks M10/M11
15th Jul 2010 07:39
LONDON (Dow Jones)--Ascent Resources PLC (AST.LN), an oil and gas exploration and production company, said Thursday that through its subsidiary Ascent Resources (Netherlands) BV ('ARN'), has increased its interest in the M10/11 block in the southern North Sea off the Netherlands' coast. MAIN FAC
Read moreSmall caps: Charles Taylor, 888, Amerisur...
1st Jul 2010 11:52
Insurance specialist Charles Taylor reports trading in May and June has met expectations with continued good performances from its insurance, run-off and loss adjustment businesses. Personnel costs have risen in management services, because of the continued increase in Standard Club tonnage, and a
Read moreAscent Resources Increases Interest In Petisovci Project
1st Jul 2010 08:27
LONDON (Dow Jones)--Ascent Resources PLC (AST.LN), an oil and gas exploration and production company, said Thursday that through its subsidiary Ascent Slovenia Ltd or ASL, has increased its interest in the Petisovci project in Slovenia, following the transfer of Kulczyk Oil Ventures Inc's 30% stake
Read moreSmall caps round-up: Ascent Resources, DCC, Newmark...
18th May 2010 11:03
Pre-tax losses widened sharply at Europe-focused oil and gas group Ascent Resources in 2009 as the company felt the pinch of lower commodity prices. Pre-tax losses grew to £10.57m from £4.5m the previous year on revenues that narrowed to £890,000 from £1.47m. Managing director Jeremy Eng said: 'W
Read moreSmall caps round-up: Acal, Ashmore Global, DDD
19th Apr 2010 13:46
Components distributor Acal's second half profit will be ahead of market forecasts as sales in its electronics arm beat forecasts. Since February, the electronics division, which accounts for around three quarters of group revenues, has seen a continued improvement in trading. At 31 March 2010 the
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 moreAscent to have second bite at Fontana-1 well
22nd Dec 2009 16:39
AIM-listed oil and gas company Ascent Resources is to have another crack in January of next year at drilling the Fontana-1 well in Italy's Frosinone permit, after the first attempt experienced mechanical problems at the target depth. 'The drilling of the Fontana-1 well is substantially under budget
Read moreSmall Caps round-up: Alternative Networks, Ascent Resources, Indian Film Company...
8th Dec 2009 16:08
Telecoms services provider Alternative Networks reported lower revenues and profits as its small business customers spent less. Revenues fell 4% to £89.7m. Cutting £1m from operating costs helped to reduce the effect on profits, although lower interest rates hit interest income. Underlying pre-tax
Read moreSmall caps round-up: Lees, Pubs 'n' Bars, Parity...
4th Dec 2009 08:14
Scottish cake and sweet maker Lees Foods has reached an 'amicable settlement' with the former directors of Patisserie UK after a dispute over the disappointing performance of the pastry supplier following its acquisition by Lees. Under the terms of the settlement, Lees will receive about £225,000,
Read moreAscent places shares at discount
27th Nov 2009 08:37
Shares in Ascent Resources were on a downward trajectory Friday after the oil and gas company announced fund raising plans. The company intends to raise £6m by means of a placing of 120m new shares at 5p each. The placing price compares with a mid-market closing price of 7p on the day before the pl
Read moreLondon close: Stocks in late surge
18th Aug 2009 16:36
A late rally driven by early gains in the US had London back up at session highs, with gains among financial plays easily offsetting a weaker property sector. Investors overcame disappointing US housing starts data that had the blue chip index struggling at session lows mid-afternoon. The annual ra
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