Cairn Energy's Deputy CEO and Managing Director step down
10th Apr 2014 07:38
Cairn Energy's Deputy Chief Executive Officer (CEO) Mike Watts, Managing Director and Chief Financial Officer (CFO) Jann Brown are stepping down as executive directors of the company. They will leave after the annual general meeting on May 15th 2014. James Smith will take over as Finance Director
Read moreCairn Energy issued further notices from India tax authorities
3rd Apr 2014 07:35
Cairn Energy said it has been issued two further notices from the Indian Income Tax department for information regarding transactions by its subsidiary, Cairn UK Holdings, amid a tax probe by the country's authorities. The tax department has requested a return for the year ended March 31st 2007 and
Read moreFTSE 250 movers: Evraz continues to recover, miners gain
31st Mar 2014 13:54
Steel producer Evraz continued its recent volatile moves on Monday, rising over seven per cent to the top of the risers list on the FTSE 250. The stock fell to an all-time closing low of 54.4p two weeks ago on the back of heightened tensions between Russia and Ukraine, where a large chunk of its o
Read moreBellway Chairman sells share post transfer after strong results
27th Mar 2014 16:01
On the same day that it reported a stellar set of half-year results, the Executive Chairman of UK residential property developer Bellway, Ted Ayres, disposed of 12,276 shares. The stock was part of a larger batch of shares transferred to Ayres from the company's employee share option scheme for a c
Read moreFTSE 250 movers: WH Smith jumps on Investec target price increase
27th Mar 2014 14:16
WH Smith was a strong riser after Investec reiterated its 'buy' rating on the stock and raised its target price from 1,200p to 1,400p ahead of its first-half results on April 10th. The broker said is expects "High Street to show a modest improvement and Travel to benefit from the cyclical recovery t
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreTriple share purchase by Cairn Energy directors
25th Mar 2014 16:13
Cairn Energy was a strong performer on Tuesday after the group announced three of its directors had made share purchases. Simon Thomson, the group's Chief Executive, and Dr Mike Watts, Thomson's Deputy, each purchased 65,965 shares at 150.40p for a total of £99,211.36. Managing Director and Chie
Read moreFTSE 250 movers: 888 rises on strong full-year results
25th Mar 2014 14:58
Online gaming group 888 rose on the back of a strong performance and a highly cash generative year, which prompted the proposal of an extra one-off dividend of 7.0 cents per share on top of a final dividend of 4.0 cents. In a record year for revenue, which rose 7% to $401m, the Gibraltar-headquart
Read moreFTSE 250 movers: Diploma falls on full-year outlook
24th Mar 2014 13:52
Technical product firm Diploma was a big faller after it told investors its final results would be adversely affected by the appreciation of sterling. Broker Jefferies warned that currency headwinds will likely result in mid-single digit downgrades to earnings estimates for this year. Diploma, whi
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreLondon close: Markets higher after Putin signs Russia-Crimea treaty
18th Mar 2014 16:50
- Putin says not interested in break-up of Ukraine - Russia to incorporate Crimea - Antofagasta down despite tripling expectations for dividend - Resolution sinks sharply as founders step down - ASOS, Speedy Hire plummet after updates techMARK 2,801.57 +0.19% FTSE 100 6,601.92 +0.51% FTSE 250 16,35
Read moreFTSE 250 movers: Henderson Group, ITE Group
18th Mar 2014 13:21
Asset manager Henderson Group gained as investors returned to trading after Russia recognised Crimea as a sovereign state. President Vladimir Putin and the leaders of Crimea have signed a bill to absorb the peninsula into Russia. In a speech today, Putin said Russia would work to rebuild its ties
Read moreLondon midday: Stocks erase losses as Russia accepts Crimea vote
18th Mar 2014 12:10
- Stocks jump after Putin comments - Russia to incorporate Crimea - Antofagasta, Sainsbury choppy after results - Resolution sinks sharply as founders step down - ASOS, Speedy Hire plummet after updates techMARK 2,790.58 -0.20% FTSE 100 6,590.24 +0.33% FTSE 250 16,255.78 -0.26% UK stocks had erase
Read moreCairn Energy widens 2013 loss, suspends share buy-back
18th Mar 2014 07:43
- Annual loss widens as costs rise - Unsuccessful exploration and disposal of assets - Share buy-back suspended on talks with India tax authorities Cairn Energy widened its annual loss, reflecting unsuccessful exploration costs and the disposal of assets. The oil and gas explorer posted a loss be
Read moreFTSE 250 movers: Polymetal lifted by broker comments
17th Mar 2014 13:55
Polymetal received a boost from Canaccord Genuity which raised the stock to 'buy' after lifting its assumptions for gold prices over the medium and long term. Kenmare Resources was recovering well after it last week posted losses of $44m for 2013, helped by positive comments from both Goodbody Stoc
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