London close: Footsie rallies but falls short
8th Oct 2010 16:37
Footsie made a late charge for positive territory ahead of the close, in line with buoyancy in the US, but fell just short. The positive performance in the US was in spite of non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged. The 'glass half f
Read moreLondon afternoon: Shares rally on QE hopes
8th Oct 2010 14:37
US jobless data proved to be much worse than expected, with non-farm payrolls declining 95,000 in September when they had been expected to remain virtually unchanged, but the 'glass half full' optimists have taken the view that this makes a resumption of economic stimulus by the Federal Reserve more
Read moreLondon midday: Nervous wait for US jobs data
8th Oct 2010 12:25
The clock is ticking down on this afternoon's release of US non-farm payrolls data and the market is showing signs of nervousness, with the Footsie drifting back and in danger of slipping below 5600. Bank Barclays is down after PCP3, a vehicle linked to Man City owner Sheikh Mansour bin Zayed al-N
Read moreEncouraging assay results for Beowulf
8th Oct 2010 09:04
The share price of Beowulf Mining continued its epic journey north on Friday after the company announced encouraging drilling results. The first complete assay results for 15 holes drilled as part of the drilling programme on its wholly-owned Kallak Iron Ore deposit, located within the municipality
Read moreBeowulf raises £400,000 to extend drilling
6th Oct 2010 12:10
Minerals explorer Beowulf Mining is raising £400,000 to finance further drilling at the Kallak iron ore project in Sweden following the recent positive news. The initial indications of a drilling programme at Kallak North suggest more than 150m tonnes of iron ore with an estimated average grade o
Read moreLondon close: BP rally lifts Footsie
12th Jul 2010 16:38
BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago
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 moreLondon afternoon: Resource stocks hog the action
12th Jul 2010 14:24
Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains. BP said the cost of the clean-up in the Gulf of Mexico has risen t
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 moreUPDATE: Beowulf Mining Says Kallak Ore Deeper Than Thought
12th Jul 2010 10:58
(Adds background, share price) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Iron ore explorer Beowulf Mining PLC (BEM.LN) said Monday the latest drilling results from its Kallak project in Sweden show ore is present at much deeper levels than previously thought. The co
Read moreSmall caps round-up: Ariana Resources, Michelmersh, ReNeuron...
12th Jul 2010 08:31
Shares in Ariana Resources rallied after the Turkey-focused gold miner announces the completion of its joint venture agreement with Proccea to develop the Red Rabbit Project in western Turkey. The group said results from the recent resource drilling programme are expected shortly. Managing directo
Read moreBeowulf Mining Buys Iron of Sweden From Tasman Metals
12th Jul 2010 07:46
LONDON (Dow Jones)--Beowulf Mining PLC (BEM.LN), a mineral exploration company, said Monday it entered into an agreement with Tasman Metals Ltd (TSX.V: TSM) to acquire its wholly owned U.K. subsidiary, Iron of Sweden Ltd, for C$40,000 and added that half of the drilling program on its wholly-owned K
Read moreBeowulf raises funds
15th Mar 2010 15:12
Shares in Beowulf Mining were out of favour on Monday as the mineral exploration company said it had placed 40m shares at 2.5p each, well below the 3.62p mid-market closing price on the last trading day before the placing was announced. The company has raised £1m from the newly issued shares which
Read moreSmall caps round-up: Strontium, Griffin Mining, OPG...
3rd Mar 2010 11:45
Professional services group Strontium increased profit after tax and exceptional items 13-fold in the six months to 31 December to £97,895. Profit on continuing activities before taxation and impairment charges rose 95% to £145,270 on revenue from continuing activities up 23% to £1.23m. "Market c
Read moreSmall caps round-up: Beowulf, E2V, Mobile Doctors...
1st Mar 2010 11:04
Beowulf, owner of several exploration projects in Sweden, continues to believe in the commercial prospects for its asset portfolio which has increased in both quantity and quality as well as resource type. Losses grew to £520,000 in 2009 from £399,000 the year before, but it says future price tren
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