London 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 moreBroker snap: Chariot close to farm-out deal
31st May 2011 13:48
Ambrian keeps its 'buy' rating on Chariot Oil & Gas after its results for the full-year ended 28 February which presented no surprises. The broker said that Chariot has a robust balance sheet - helped by April's placing which raised $140m - and enters the second half of 2011 in rude health, "well-p
Read moreChariot racing forward in Namibia
31st May 2011 11:26
Chariot Oil & Gas expects to move towards starting its drilling campaign off the coast of Namibia later this year after making "significant progress" over the past 12 months. "The exploration work has continued to enhance the Company's understanding and increased conviction of the potential of offs
Read moreChariot ups resources estimates in Namibia
12th May 2011 13:49
Despite the declining oil price, shares in Chariot Oil & Gas edged higher on Thursday after the Africa-focused oil and gas group increased its resource estimates by some 1.5 billion barrels (Bbbls) offshore Namibia. "This increase in resources is a further indication of the huge potential of our as
Read moreSmall cap round-up: ClearStream, Optare, Brainspark
7th Mar 2011 12:36
Medical devices manufacturer ClearStream Technologies has signed a number of new distribution agreements in Scandinavia, the Middle East and the Asia Pacific region. The new markets served include Norway, Denmark, Sweden, Egypt, Iran, Indonesia and The Philippines. "We continue to target and develo
Read moreSmall caps: Lombard Risk Management, Oxford Catalysts...
25th Feb 2011 09:50
Oxford Catalysts has raised £21m though a placing of 26.3m new shares at 80p. The cash will help Oxford move from a research and development organisation to a commercial product company, it said. Compliance and regulatory specialist Lombard Risk Management's trading during the first ten months in l
Read moreSmall caps round-up: Deltex Medical, Monitise, Avesco...
13th Jan 2011 13:28
Shares in Deltex Medical, which makes technology to measure blood flow in patients undergoing surgery, climbed after it said sales for 2010 are expected to have exceeded £6.25m. Sales increased in all key markets, the company said. Monitise continues to benefit from the increasing trend of shoppers
Read moreChariot pleased with interest in Namibian assets
5th Nov 2010 17:08
Namibia-focused Chariot Oil & Gas says there are "excellent levels of interest from a range of blue chip companies" in its oil and gas exploration assets. AIM-quoted Chariot says that it has invested a number of companies to its dataroom and it has had to extend the period by 3 weeks. This means th
Read moreLondon close: Footsie tops up gains
6th Sep 2010 16:50
Footsie consolidated last week's strong performance with another day of gains, though trading was subdued with the US closed. Telecoms group Cable & Wireless Worldwide was the best performer on a weekend report Singapore Telecom is eyeing up the telephony group. Bid speculation also buoyed Home R
Read moreLondon afternoon: Bid talk enlivens subdued session
6th Sep 2010 14:07
Leading shares remain moderately firmer on balance, but with the US markets closed and with a paucity of corporate news in the UK to get the juices flowing, trading is subdued. Telecoms group Cable & Wireless Worldwide is the best performer on a weekend report Singapore Telecom is eyeing up the tel
Read moreSector movers: BP and Chariot lift gush higher
6th Sep 2010 13:42
The oil & gas sector is going well, with BP among the risers after yesterday announcing it has recovered the blow-out preventer from the floor of the Gulf of Mexico. Also higher is oil and gas explorer Chariot, which has wheeled out an increase to its resource estimate for its Namibian assets. The
Read moreBroker tips: William Hill, Fenner, Chariot Oil and Gas
6th Sep 2010 13:19
Panmure Gordon has raised its earnings estimates for bookie William Hill but is still a seller of the shares, as it believes the market is being over optimistic on the prospects for the high street part of the business. The broker has bumped up current year earnings estimates by about 4% to £191.3m
Read moreBroker snap: Chariot upgrades resource estimates
6th Sep 2010 13:04
Broker Daniel Stewart is patting itself on the back after predicting that the volume estimates and chances of success ratings for Chariot Oil and Gas's Namibian assets were too low, after the company upgraded both on Monday morning. "In our initiation note on Chariot we said that updating the resou
Read moreLondon midday: Languid London ambles higher
6th Sep 2010 12:15
Footsie finished the morning in positive territory, raising hopes that the blue-chip index can add to its run of five days of rises in succession. It was a quiet morning, however, possibly reflecting the fact that US markets will be closed for the Labour Day holiday today. Telecoms group Cable & W
Read moreChariot wheels out resource estimate upgrade
6th Sep 2010 08:03
Oil and gas exploration company Chariot has wheeled out an increase to its resource estimate for its Namibian assets. A further 1.5bn barrels of unrisked prospective resources have been identified, meaning the total gross resource volume now stands at more than 10bn barrels. The resource update i
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