London close: More gains for FTSE 100
31st May 2011 16:38
Stocks built on the strong gains they posted ahead of the long weekend, surpassing the 6,000 point mark but finishing slightly below that psychologically-important level. In company news, Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway,mo
Read moreLondon afternoon: Stocks sail on Greek tailwinds
31st May 2011 14:21
Optimism about a resolution to Greece's latest dire need for a bail-out is giving equities a boost today, providing some much needed focus on a day that is short of block-busting company news. Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Rail
Read moreLondon midday: Rally pauses at 6,000
31st May 2011 12:11
The leading share index is sitting around the 6,000 point mark after a strong start this morning. On a relatively quiet day for company news, Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway, has announced the acquisition of India-based se
Read moreLondon open: FTSE 100 builds on gains
31st May 2011 08:24
The top share index is adding to the gains it made ahead of the long weekend and homing in on the 6,000 point mark around which it has been flitting since the start of the year. On a relatively quiet day for company news, Serco, the outsourcing company whose activities include running prisons and L
Read moreLondon pre-open: Outsourcers get cheque books out
31st May 2011 07:34
In a quiet resumption of corporate activities following the long week-end break, outsourcers Capita and Serco have done their bit to liven things up, with both companies announcing bolt-on acquisitions. Serco, the outsourcing company whose activities include running prisons and London's Docklands L
Read moreBeowulf battles winter
31st May 2011 07:05
Sweden-focused mineral exploration company Beowulf Mining endured a harsh winter of epic proportions but remains on course to complete its drilling programme by the end of the second quarter of 2011. "The Anglo-Saxons graphically described the harshness of winter by saying 'the cold bit like Grende
Read moreLondon close: Carnival sinks
22nd Mar 2011 16:57
A confident start was derailed by worse than expected inflation figures and a rally in the final hour of trading only brought out profit takers right at the death, leaving Footsie in the red. UK annual inflation rose faster than predicted in February, as surging utility bills drove up living costs.
Read moreLondon afternoon: Downward drift continues
22nd Mar 2011 14:09
Footsie lost more ground over the lunch time session as Wall Street opened mixed, failing to carry on the strong advance seen yesterday. GKN is lower on speculation of a bid for French peer Latecoere. The French aerospace firm, which provides doors for Boeing and Airbus, is looking for a buyer, acc
Read moreLondon midday: Inflation shock spoils the party
22nd Mar 2011 11:39
Disappointing inflation data seems to have put paid to Footsie's attempts to continue its recent revival. The inflation rate, as measured by the consumer prices index, rose to 4.4% in February from 4.0% in January. The rate topped market expectations of a figure of 4.2% and will pile on the pressur
Read moreAnother epic find for Beowulf
22nd Mar 2011 11:36
Beowulf Mining pulled out of its recent share price slump after releasing assay results for the first 10 drill holes on its Kallak South iron ore project in Sweden. The drilling programme has confirmed the presence of a high grade iron ore of a similar type and quality to the ore uncovered at Kalla
Read moreBig freeze slows Beowulf
28th Feb 2011 14:21
The release of full year results from high-flying miner Beowulf was the signal for a bout of profit taking. The shares fell back from their 52-week high of 74.75p to below 70p, after the company posted a pre-tax loss of £0.51m for 2010, compared to a loss of £0.41m in 2009, and said that drilling p
Read moreSmall caps round-up: Beowulf, Alumasc, Metric Property...
3rd Feb 2011 12:22
Beowulf Mining's exploration programme in Sweden has been "slightly delayed" by the country's coldest December in 100 years when temperatures regularly plunged as low as -35 degrees celsius. Drilling activity has since returned to more normal levels, and assay results for the initial 10 drillholes
Read moreBeowulf says Kallak results indicate 'considerable potential'
23rd Dec 2010 07:56
Beowulf Mining has confirmed the presence of an estimated 400m tonnes of iron ore at its Kallak South deposit in Sweden of a similar type and quality to that at Kallak North. The company, which has ten exploration projects in Northern Sweden, says preliminary results for the ongoing independent ass
Read moreSmall caps round-up: IPSA, Lonrho, Speymill
6th Dec 2010 15:37
Shares in IPSA fell by a quarter after the Southern Africa-focused power generation group said that Sasol Gas, the South African gas producer and supplier, is suing IPSA's subsidiary Newcastle Cogeneration, for about £4m. IPSA said the sum relates to penalties incurred as a result of a plant not ru
Read moreSmall caps round-up: Abbeycrest, City of London Investment, Impax...
25th Oct 2010 17:26
Jewellery maker Abbeycrest has swung to a pre-tax loss of £0.46m for the half year from a pre-tax profit of £1.26m last year. For the six months ended 31 August 2010, group revenue increased by 5% to £18.8m from £17.9m previously. However, this was largely due to the effect of the rising gold price
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