FTSE 250 movers: Heritage jumps after buy-back
26th Apr 2011 14:45
Heritage Oil is the best performer on the FTSE 100 Tuesday after the oil explorer announced that it is buying back $100m (£60m) in shares, because its "considers that the current share price is trading at a significant discount to the intrinsic, underlying value of the company." Micro Focus Interna
Read moreSunday tips round-up: Essar Energy, Cluff Gold, Centamin Egypt
10th Apr 2011 12:50
Essar Energy floated in London last May with the express aim of growing rapidly to provide fuel and electricity primarily for the Indian market. There is no denying that India will need substantially more gas, electricity and fuel over the next few years and Essar is ideally placed to help meet dema
Read moreChairman increases interest in Computacenter
22nd Mar 2011 16:58
A person connected to IT services provider Computacenter chairman Greg Lock has invested £210,000 in the company. Rosemary Lock has acquired 50,000 shares at 420p each. That takes Greg Lock's beneficial holding to 400,000 shares. Lock is also chairman of Kofax and he is a former chairman of Surf
Read moreIncoming United Utilities boss splashes out
16th Mar 2011 16:28
United Utilities' incoming chief executive has spent £400,000 on shares in the water supplier. Steven Mogford, who will take the reins at United Utilities on 31 March, took 70,814 shares at 564.9p a time, his first purchase of shares in the company. Mogford's appointment was announced in November
Read moreFTSE 250 movers: Ocado surges on Goldman upgrade
1st Mar 2011 14:22
Delivery firm Ocado, whose biggest customer is Waitrose, is surging today after Goldman Sachs upgraded its rating to a 'buy', from 'hold', as the recent share price performance has provided investors with a good buying opportunity. However heading the other way is United Business Media, which has f
Read moreFTSE 250 movers: Gold miners shine
21st Feb 2011 17:59
Gold miner Centamin Egypt won back some of the losses it sustained during the turmoil in that country, helped by the higher gold price. Fellow gold group, Russia-focused Petropavlovsk also advanced. Investors had an appetite for sausage skins maker Devro, which produced full-fat results for 2010
Read moreLondon close: Shares fall as Libya crisis intensifies
21st Feb 2011 16:53
The top share index was nursing big losses at trading's close as worries over the turmoil in Libya sent the oil price soaring and continued high usage of the European Central Bank's marginal lending facility stoked nervousness over banks. Banks are granted the right to seek overnight loans from th
Read moreLondon afternoon: ECB emergency loans give banks jitters
21st Feb 2011 14:26
Concerns about rising oil prices should Libya descend into civil war are nagging away at investors, while continued high usage of the European Central Bank's marginal lending facility is making traders nervous about banks. Banks are granted the right to seek overnight loans from the European Centr
Read moreLondon midday: Banks hold back FTSE 100
21st Feb 2011 12:12
Shares are in the red as banking stocks fall back and the turmoil in the Arab world casts a shadow. Banks are the main drag, with RBS, Lloyds and Barclays nursing losses following gains last week. RBS and Lloyds are due to release results later this week. The oil price has topped $104 a barrel as
Read moreCentamin moves to reassure investors
18th Feb 2011 16:22
Egypt-focused miner Centamin Egypt has moved to reassure investors after its share price fell by more than 10%. Centamin says that its Sukari gold mine operations continue uninterrupted. Centamin adds that "there has been minimal reaction at Sukari to the wider political changes in Egypt". Cent
Read moreLondon close: Shares applaud Mubarak exit
11th Feb 2011 16:51
Shares rallied sharply in the afternoon following strong confidence figures from the US, but it was the announcement that Egyptian president Hosni Mubarak is stepping down that really stirred up excitement. One stock in particular reacted strongly to the announcement. Shares in gold miner Centamin
Read moreLondon afternoon: L&G leads modest advance
11th Feb 2011 14:11
Leading shares are mixed but with a slightly firmer bias after rising over the lunchtime session. Insurer Legal & General (L&G) leads the advance on the back of a positive broker note from Nomura Securities. "We highlight our preference for L&G over Prudential (Reduce), given that we expect Pru to
Read moreLondon close: FTSE 100 back at 6,000
2nd Feb 2011 16:39
Strength in the mining sector on the back of higher metals prices and well-received updates drove the FTSE 100 back to 6,000 points. Both factors benefited miner Eurasian National Resources (ENRC). Production matched estimates in the fourth quarter of 2010, while the ferroalloys unit produced a bit
Read moreFTSE 250 movers: Centamin declines amid Egyptian crisis
2nd Feb 2011 15:45
Set-top box maker Pace is racing ahead, surging 8% on Wednesday afternoon, which Centamin is still on shaky ground. Egypt-based miner Centamin is the highest faller as the crisis in the nation escalates. Yesterday, shares rallied after the group issued a reassuring statement over the impact of the
Read moreLondon close: FTSE 100 soars as Egypt worries ease
1st Feb 2011 16:51
Well-received company updates, strong economic figures here and elsewhere and an easing of worries related to the situation in Egypt helped UK shares to strong gains. Miners led the advance, after strong growth in manufacturing in commodity hungry China in January. The UK, eurozone and US also had
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