Sector movers: Drax provides spark to electricity stocks
28th Mar 2011 17:17
Coal-fired power station operator Drax lifted the electricity sector higher despite having its target price cut by broker Matrix. Shares have slipped in the last week after the government announced a carbon price floor on electricity generation in its budget on Wednesday. Nevertheless, the broker
Read moreDisappointing drilling results for Caza
22nd Mar 2011 19:33
Shares in AIM-quoted Caza Oil & Gas slumped by 30% after the results of its latest exploration well were disappointing. Even so, shares in the US-focused oil and gas explorer are still more than 800% ahead in the past 12 months. Analysis of the Marian Baker #1 well on the Arran prospect in Acadi
Read moreCaza starts on Arran project
17th Jan 2011 07:50
Texan oil firm Caza Oil and Gas has started drilling on its Arran prospect in Acadia Parish, Louisiana. The Marian Baker number one (#1) well commenced drilling on Sunday, January 16, 2011, and is the initial test well on Arran. The Marian Baker #1 well is designed to drill to a total depth of aro
Read moreSmall caps round-up: Caza Oil & Gas, eg solutions, Hardy Oil and Gas...
21st Dec 2010 09:59
Shares in Texan energy firm Caza Oil & Gas fell Tuesday morning after the group announced that the Marian Baker #1 well - in which it holds a 25% working interest before casing point - is waiting longer than anticipated to receive the Nabors Rig 4 from its drilling contractor Nabors Drilling USA.
Read moreCaza places shares at a discount
15th Nov 2010 15:18
Shares of Texan energy firm Caza Oil & Gas took a dive after it completed a placing of 45m shares at 42p each to raise around £18.9m. The newly issued shares represent some 27.4% of the newly enlarged share capital. The company will use the proceeds from the placing for drilling, reworking and expl
Read moreSmall caps: Quintain Estates, Angel Mining, Medavinci ...
9th Aug 2010 14:02
Quintain Estates has sold Pier Walk at Greenwich Peninsula to a subsidiary of DekaBank Group, Germany's largest manager of open-ended property funds for £97m. The building, close to the 02 arena, is currently occupied by Transport for London, on a ten-year lease. The sale price is about £1.1m more
Read moreSmall caps round-up: Avocet, Bellzone, Mwana Africa...
28th Jul 2010 11:16
Avocet Mining swung made a profit of $11.1m in the first six months of 2010 compared with a $4.5m loss in the half-year to 30 September, and ramped up gold production by around three quarters to 97,747 ounces. The firm which has changed its year-end, said its Inata mine in Burkina Faso produced 19,
Read moreSmall caps: Charlemagne, Sinosoft, Savile
9th Jul 2010 13:05
Hedge fund group Charlemagne Capital's assets under management fell 9.5% to $2.76bn from $3.05bn in the half year to June. Net management fees receivable were $10.4m compared with $8.4m, reflecting the higher average assets under management in the first half of 2010. "Charlemagne's investment perfo
Read moreSmall caps: Western & Oriental, Monitise, Optos
20th May 2010 13:05
Luxury travel group Western & Oriental remains upbeat despite slumping into the red in the six months to March as it bore the brunt of a range of external problems. The poor state of the UK economy, airline industrial action and continuing riots in Thailand knocked revenue from £28.4m to £24.9m, w
Read moreSmall caps round-up: Borders & Southern, Rockhopper, Caza,
20th May 2010 12:55
Oil and gas group Borders & Southern Petroleum is to join the rush to find oil near the Falkland Islands after raising funds last year. 'Our successful capital raise in November allows us to comfortably fund a drilling programme on our exciting prospects in the South Falkland Basin without diluting
Read moreSmall caps round-up: Caza Oil & Gas, Alexon, Falkland Island
22nd Apr 2010 14:22
Shares in Caza Oil & Gas jumped after it said it encountered 'multiple gas bearing sands' after drilling at the Wharton West Wilcox Field in Texas. Shares in vehicle tracking systems specialist Minorplanet slumped after it said it is selling its UK arm, which accounts for about 40% of overall reven
Read moreSmall caps round-up: Empyrean, Charles Taylor, Augean...
22nd Jan 2010 12:13
Shares in Empyrean Energy jumped after the oil and gas explorer reported progress at its fracture stimulation programme Kennedy-1 H and the commencement of drilling at Easley-1 H, both of which are in Texas. Insurance support services firm Charles Taylor Consulting said profit before tax in 2009 is
Read moreLondon close: Miners lead Footsie recovery
6th Oct 2009 16:41
Mining stocks were at the forefront of a sharp rally in the FTSE 100 as the market recovered from a recent weak spell. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tes
Read moreLondon afternoon: Morning's gains consolidated
6th Oct 2009 14:36
Less than a dozen Footsie constituents are in the red this afternoon as the market recovers strongly on the back of buoyant mining shares. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head highe
Read moreLondon midday: Miners push Footsie higher
6th Oct 2009 12:06
After a hesitant start, London's blue-chips have kicked on with mining stocks leading the way. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tesco's results was initial
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