Small caps round-up: Creat Resources, Dealogic, Fairpoint
16th Mar 2010 17:32
Creat Resources, which bought exploration licence EL21/2004 near Mount Dundas, Western Tasmania for its nickel, has welcomed the potential economic presence of tin. It plans to drill the Razorback and Grand Prize tin mines to a higher resource confidence level, which should increase value to shareh
Read moreLondon close: Footsie finishes below 5,500
12th Jan 2010 17:17
Equities staged a rally in the afternoon session but it was not enough to push the Footsie back into the black, largely because of weak miners, which took fright at moves by the Chinese central bank to cool down the economy by increasing the reserves ratio for Chinese commercial banks. Fresnillo, L
Read moreLondon afternoon: Chinese banking move sparks selling
12th Jan 2010 14:47
News that China has raised the reserve requirements for its banks in an attempt to choke growth in the economy has spooked global markets, including London. The prospect of China slowing down economic expansion does not sit well with miners such as Fresnillo, Lonmin, Kazakhmys, Vedanta and Xstrata,
Read moreLondon midday: Retreat picks up pace
12th Jan 2010 12:11
The market's retreat is picking up pace, as the losses suffered by miners lengthen in the wake of disappointing results from Alcoa, the US aluminium producer. Alcoa, which kicked off the fourth quarter earnings reporting season in the US, declared a slightly worse than expected loss from continuing
Read moreFairpoint reinstates dividend
12th Jan 2010 10:32
Debt advice firm Fairpoint reinstated its dividend payment and said trading in the second half was in line with management expectations. Revenues were some 9% ahead of the first half and 19% ahead of the corresponding period in 2008. Pre-tax profit for the year to 31 December, adjusted for brand am
Read moreFairpoint chairman raises interest
23rd Dec 2009 15:49
Fairpoint non-executive chairman Matthew Peacock has added to his interest in the debt management business formerly known as Debt Free Direct. Peacock is a partner in Hanover Investors Management and Hanover Investors Management (Cayman) has acquired 181,720 shares at 55p a share. This takes the t
Read moreSmall caps round-up: China Shoto, Resources in Insurance, Cello...
15th Sep 2009 13:52
Continued growth in the Chinese economy despite the global downturn helped China Shoto, which makes batteries for mobile phones, post a 41% rise in revenues in the half year to June 30. Pre-tax profits climbed to £6.4m from £4.4m over the same period the previous year as revenue rose to £96.5m from
Read moreSteven Norris doubles Jarvis stake
15th Jul 2009 17:14
Steven Norris, chairman of Jarvis, has backed up his claim that the rail maintenance specialist will recover from a recent difficult period by nearly doubling his stake in the firm. Norris, a former Conservative transport minister, bought 300,000 shares at 7.5p a time. The shares have taken a dow
Read moreLondon close: US economic data hits Footsie
30th Jun 2009 16:26
It looked like another flat day for the FTSE 100 heading into the second half of the year until shares took a sharp dive following some unappetizing economic date in the US. The US Conference Board's index of consumer sentiment fell to 49.3 in June, down from a revised 54.8 in May. Economists had b
Read moreLondon afternoon: Prices drift lower
30th Jun 2009 15:24
London continues to sleepwalk to the end of the month, with prices drifting lower in light trading after Wall Street opened in negative territory. With the oil futures contract edging steadily higher, heavy fuel users such as airline British Airways and cruise operator Carnival are on the slide. I
Read moreLondon midday: Marking time
30th Jun 2009 12:10
Leading equities are treading water on the last day of the month, quarter and half-year. Wolseley is one of the best performers after chief executive Chip Hornsby stepped down with immediate effect to let Ian Meakins take the helm at the building supplies group. Hornsby, who leaves after 27 years
Read moreFairpoint grows first half profit
30th Jun 2009 08:40
Overall profitability has improved "significantly" in the first six months of 2009 at debt advice firm Fairpoint ahead of the seasonally stronger second half. The financial performance was in line with expectations as improvements delivered in the second half of last year led to gains in operatio
Read moreMichael Page man meets tax demands
14th May 2009 17:20
Charles-Henri Dumon, recruitment group Michael Page's managing director for Continental Europe and The Americas, has sold £6700,000 worth of shares for personal tax and social security liabilities. The liabilities arose on earlier disposals and the vesting of his allocation under the group share pl
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