Potentially transformational find for Bowleven
9th Nov 2010 15:28
The full year results of West Africa-focused oil explorer Bowleven were overshadowed by the announcement of potentially transformational hydrocarbon discoveries in the Etinde Permit, off the coast of Cameroon. Drilling on the Sapele-1 exploration well in the Douala Basin identified two promising d
Read moreLondon close: Strong start to final quarter
1st Oct 2010 16:41
The last quarter of 2010 started well for London's leading share index, with buoyancy in the oil sector helping to offset continuing economic worries at home and abroad. Manufacturing data was subdued. Footsie gave up some of its early gains after figures from the US showed Manufacturing grew at th
Read moreLondon afternoon: Footsie back above 5600
1st Oct 2010 14:56
The afternoon session has seen the Footsie advance confidently, almost regaining its high for the day which was hit shortly after 10:00am. A solid start by Wall Street on the back of better than expected spending data has helped sentiment this side of the pond. Oil giant BP is higher amid speculat
Read moreSmall caps round-up: Mears, BowLeven, Telecom Plus...
1st Oct 2010 11:56
Social housing repairs and maintenance group, Mears, has paid £2.7m for Jackson Lloyd (JL), which mends houses in the North West. JL has an order book in excess of £80m and Mears expects the purchase to be earnings enhancing by the end of next year. Oil explorer Bowleven has agreed a revised optio
Read moreThursday tips round-up: Gem Diamonds, Bowleven
16th Sep 2010 06:31
If London buses tend to come in pairs, then so does the good news for Gem Diamonds. Yesterday, it was that the company had negotiated a 25 per cent price increase for the rocks it sells to the jewellery group Tiffany. Sadly, for investors, all this good news has not translated into a solidly rising
Read moreUK SMALLCAP ROUNDUP: SDL Buys Translation Software Firm
15th 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 SDL PLC (SDL.LN), a translation services company, said it agreed to buy an automatic translation software company for $42.5 million, in a deal that will
Read moreUK SMALLCAP ROUNDUP: Smiths News Looking For Acquisitions
15th 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 SMITHS NEWS PLC (NWS.LN), a newspaper and magazine wholesaler, said Thursday it is exploring acquisition opportunities as it looks to diversify its reven
Read moreUK SMALLCAP ROUNDUP: SuperGroup Profit Leaps On New Stores
15th 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 SUPERGROUP PLC (SGP.LN), a fashion retailer, posted a leap in fiscal 2010 pretax profit as sales surged due to more store openings, and said this fiscal
Read moreSmall caps round-up: Fletcher King, Brulines, BowLeven...
15th Jul 2010 09:03
Property manager Fletcher King posted higher profits for the year against last year, which was weighed down by exceptional costs. Pre-tax profit came in at £406,000 against £1,000 last year on revenue that fell to £2.8m from £3.1m before. "The coming year is likely to be challenging. Fund and Asset
Read moreBowLeven Finds Deeper Reservoirs During Etinde Appraisal
15th Jul 2010 08:32
LONDON (Dow Jones)--Oil and gas explorer BowLeven PLC (BLVN.LN) Thursday said it found deeper reservoirs of oil and gas condensate during drilling of an appraisal well at the Etinde permit, offshore Cameroon. BowLeven said the IE-3 well was drilled to a depth of more 3,000 meters in an effort to
Read moreLondon afternoon: Into the red
29th Mar 2010 14:23
All of Footsie's early gains have now been pulled back despite futures pointing to a decent start on Wall Street. Banks are dragging the index lower with losses now for both state-controlled banks, Lloyds and Royal Bank of Scotland. Vodafone is higher on reports over the weekend it is in talks a
Read moreLondon midday: Hanging onto gains
29th Mar 2010 12:33
Telecoms firms and miners are just about keeping blue chips in the blue, though most of the early gains have now been given back. Vodafone is higher on reports over the weekend it is in talks about resolving the future of its US mobile phone joint venture, Verizon Wireless. Several options are bei
Read moreLondon open: Footsie starts brightly
29th Mar 2010 08:50
London has opened the shortened week on the front foot with telecoms and miners leading the index higher. Vodafone is higher on reports over the weekend it is in talks about resolving the future of its US mobile phone joint venture, Verizon Wireless. Several options are being discussed including a
Read moreLondon pre-open: Bright start expected
29th Mar 2010 07:40
London looks set to open the shortened week on the front foot, with traders expecting the FTSE 100 to open around 16 points up from its close on Friday. Sports Direct has confirmed press speculation that it is 'seriously considering a material increase in the level of its indicative bid' for Blacks
Read moreBowleven ready to start drilling
29th Mar 2010 07:22
Cameroon-focused oil explorer Bowleven has its first two wells prepared and ready to drill as part of an extensive exploration of its acreage over the next 12-18 months. Resources on a gross and net basis were unchanged at approximately 217 mmboe at the end of the 2009, though this will fall to 165
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