Small caps round-up: Strategic Thought, Tricorn, Oxford Instruments ...
8th Apr 2010 08:50
Shares in provider Strategic Thought, which provides risk management software to large organisations such as the miner Rio Tinto and the London Underground, fell after it said results will fall short of expectations as a result of slippage in two major contracts. It expects revenues for the year to
Read moreSmall caps round-up: Tower Resources, Global Petroleum, Norseman Gold
24th Feb 2010 09:44
Shares in Global Petroleum and Tower Resources slumped after the companies reported that the Avivi-1 well in Uganda had reached its total depth without showing any oil. Avivi-1 is owned by Tower, while Global has an option to earn a 25% interest in the licence, by funding 25% of the costs. 'Electr
Read moreAberdeen directors fund tax bill
19th Jan 2010 16:50
Fund manager Aberdeen Asset Management's three executive directors have all sold shares awarded under the deferred share award plan in order to finance their tax bill relating to the award. Chief executive Martin Gilbert raised £416,370 by selling shares at 132p each. Finance director Bill Rattray
Read moreLondon close: Footsie slips back
20th Oct 2009 16:50
There was no shortage of company news to give Footsie direction but it was the release of housing data in the US that ultimately dragged the leading share index into the red. Housing starts increased to a seasonally-adjusted annual rate of 590,000 last month, up 0.5% above a revised 587,000 in Oct
Read moreLondon afternoon: Footsie pulled both ways
20th Oct 2009 14:19
Footsie is struggling to find any sense of direction despite some big movements in individual companies' share prices. Fast growing software company Autonomy is finding the market hard to please. Despite another spell of strong organic growth in the third quarter, the shares are the worst performer
Read moreLondon midday: Banks drag Footsie down
20th Oct 2009 12:04
Footsie made a valiant effort to finish the morning in the blue but came up just short, thanks largely to the weakness of financial stocks. Barclays is sharply lower, after Qatar's sovereign wealth fund said it was selling half of the warrants it holds in the bank. Qatar Holding is selling 379.22
Read morePositive test drilling result for Global Petroleum
20th Oct 2009 08:37
AIM-listed oil explorer Global Petroleum has had a positive result on the fifth well of its part-owned Leighton project. Texan Petroleum, the majority owner of the prospect, said Tyler Ranch #4 had encountered oil and gas shows in the Olmos reservoir at a depth of 2,701 metres. The oil and gas sho
Read moreOil flows at third Leighton well, Global says
11th Sep 2009 08:06
Australia-based AIM-listed oil explorer Globl Petroleum said the third well at its 15% owned Leighton project in Texas has begun to flow oil and gas. The Tyler Ranch #2 well flowed oil and gas at the gross rate of 366 barrels of oil equivalent per day (boepd) from the Olmos reservoir. The flow rat
Read moreTower Resources Iti-1 well abandoned
15th Jun 2009 07:39
Oil explorer Tower Resources said it did not encounter any producible reservoir sands at the Iti-1 exploration well in Uganda Licence EA5. "Minor hydrocarbon shows were monitored during drilling but evidence of limited quantities of oil in the lowermost target horizon remained ambiguous in the subs
Read moreTower says drilling outcome not determined yet
11th Jun 2009 15:22
Oil and gas explorer Tower Resources said the outcome of its drilling operations in its first exploration well in Uganda Licence EA5 cannot be determined yet. The group was forced to make a statement after it shares slid by more than 30%. Global Petroleum, which earns up to 50% interest from the li
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