Avanti jubilant after satellite launch
1st Dec 2010 07:12
Broadband satellite operator Avanti Communications reported a full year pre-tax loss as revenue fell but remained upbeat following the launch of its multi million pound HYLAS 1 satellite from French Guiana 26 November. Shares of Avanti soared earlier this week after the launch of the group's first
Read moreLondon close: Shares slump as eurozone saga continues
29th Nov 2010 16:45
The leading share index closed with triple-digit losses Monday as jitters over the eurozone debt situation continued to plague the markets. Financial markets are still betting either Portugal, Spain, or both, will need a rescue deal similar to the €85bn Irish bail-out, rubber-stamped over the weeke
Read moreSector movers: Mobile phone stocks under pressure
29th Nov 2010 15:50
Mobile telecommunications stocks are under pressure despite some cheery updates from the sector. Vodafone today cut the price of sending emails and surfing the net while abroad. The announcement has failed to impress the market though. Avanti Communications bucked the downward trend after the sate
Read moreLondon afternoon: Euro-zone fears resurface
29th Nov 2010 14:18
Thoughts that the euro-zone boil had been lanced by the agreement of a bail-out package for Ireland have proved premature, with rising Spanish bond yields suggesting that the prospect of Spain being the recipient of an EU/IMF aid package cannot be ruled out. An underwhelming response to the latest
Read moreAvanti takes off after satellite launch
29th Nov 2010 12:28
Shares in Avanti Communications headed skyward after the satellite operator's announcement that it successfully launched its HYLAS 1 satellite from the Kourou space centre in French Guiana on Friday. 'I am delighted that HYLAS 1 is safely in orbit and operating as planned under our control,' said A
Read moreSmall caps round-up: Southern Cross, African Eagle, Avanti Communications...
25th Nov 2010 16:17
TowerBrook Capital Partners has decided not to bid for nursing homes operator Southern Cross Healthcare. TowerBrook made what was described as "a highly preliminary proposal" in August. Southern Cross says that other parties have approached it and discussions are continuing. Full year figures will b
Read moreSmall caps round-up: Norseman Gold, Cohort, Kea...
27th Oct 2010 12:29
Australian miner Norseman Gold suffered a drop in production during the first quarter to 12,229 ounces from 14,469 ounces in the three months to June following a fatality at the OK Decline in August. The accident caused a three week shutdown at the mine and meant output was well below target but i
Read moreAvanti Comms raises funds for new satellite
12th Jul 2010 16:33
Satellite operator Avanti Communications has raised in the region of £70m through a placing of 16.28m shares at 430p each. The newly issued shares represent around 23.7% of Avanti's existing ordinary share capital. Funds from the placing will be used to repay the fixed term facilities of a princi
Read moreUK SMALLCAP ROUNDUP: Avanti Communications Raises GBP70M
12th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps AVANTI COMMUNICATIONS GROUP PLC (AVN.LN), a broadband-by-satellite company, Monday said the launch of its first satellite will be delayed by up to six we
Read moreUPDATE: Avanti Communications Raises GBP70M; Hylas 1 Delayed
12th Jul 2010 14:01
(Adds detail, analyst comment, share price.) By Hannah Benjamin Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Broadband-by-satellite company Avanti Communications Group PLC (AVN.LN) Monday said the launch of its first satellite will be delayed by up to six weeks, as it also announced it has r
Read moreUK SMALLCAP ROUNDUP: Beowulf's Kallak Ore Deeper Than Thought
12th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps BEOWULF MINING PLC (BEM.LN), an iron ore explorer, said Monday the latest drilling results from its Kallak project in Sweden show ore is present at much
Read moreUK SMALLCAP ROUNDUP: Falkland Oil & Gas's Well Disappoints
12th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FALKLAND OIL & GAS LTD. (FOGL.LN), an oil explorer, Monday said it plugged and abandoned the Toroa well after failing to find any oil. The well, offs
Read moreAvanti Communications Raises GBP70M For Third Satellite
12th Jul 2010 07:56
LONDON (Dow Jones)--Broadband-by-satellite company Avanti Communications Group PLC (AVN.LN) said Monday it has raised GBP70 million through a placing which will fund its third satellite and repay bank loans that financed its first satellite. Avanti, which sells broadband services to telecoms com
Read moreUK SMALLCAP ROUNDUP: UK Govt To Launch GBP37.5M Growth Fund
22nd Jun 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps THE U.K. government announced Tuesday in its emergency budget it will launch an Enterprise Capital Fund to support fast-growing small businesses. The
Read moreAvanti Communications Saw Limited Broadband Tax Effect
22nd Jun 2010 14:58
LONDON (Dow Jones)--Broadband-by-satellite company Avanti Communications Group PLC (AVN.LN) said Tuesday while it welcomes the U.K. government's decision to scrap plans to impose a landline duty, it was unlikely to have hurt the company's financial performance. "From Avanti's perspective we were
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