London close: Triple digit fall for Footsie
15th Jun 2009 17:09
Footsie suffered a triple digit fall today with virtually all blue-chip stocks except defensive favourites such as utilities having their foot jammed hard down on the reverse pedal. Resource stocks led the decline as metals and oil prices moved lower. Platinum miner Lonmin was the weakest stock in
Read moreLondon afternoon: Prices steady at lower levels
15th Jun 2009 14:32
The market moved sideways over the lunch-time session, with the Footsie remaining deep on the red, despite a more upbeat assessment of the economy's prospects from the CBI. The employers' organisation reckons the UK could be out of recession by the end of the year, but any better sentiment was almo
Read moreCondor welcomes WNR offer withdrawal
15th Jun 2009 12:48
Miner Condor Resources has welcomed news that Worldwide National Resources has withdrawn its unsolicited offer for the company. Condor said the 1 for 1 share offer undervalued the company and represented an unwelcome distraction to the board. "The board now looks forward to pursuing further corpo
Read moreCondor rejects WNR bid
5th Jun 2009 14:20
Miner Condor Resources has given short shrift to the unsolicited conditional offer for the company announced by Worldwide National Resources on 3 June. Condor described the all-share offer as an 'unwelcome distraction' from the share exchange offer with Grafton Resource Investments which Condor out
Read moreSmall caps round-up: Eleco, Optos, Vernalis...
3rd Jun 2009 11:07
Construction components and software group Eleco said an anticipated improvement in market conditions has failed to materialise. In February, the firm said recent progress in order prospects for precast concrete activities offered grounds for cautious optimism that it would see an upturn in perform
Read moreClassdrive given deadline for Condor bid
12th May 2009 17:30
Classdrive has been given until 5pm on 3 June to either make an offer for miner Condor Resources or walk away. The ruling by the Takeover Panel will bring to an end months of speculation about whether a deal for the group, focused on gold and silver in Central America, will materialise or not. Fir
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