PayPoint non-exec offloads shares in deal worth £27.1m
12th Jun 2014 16:14
David Morrison, a non-executive director at PayPoint, has cashed in on the recent rise in the group's share price with sale of 2.46m shares in a deal worth £27.1m. Last month the payment services group revealed that its transaction volume in the 12-month period rose 3.9% to a record high, revenues
Read moreWednesday broker round-up UPDATE
2nd Apr 2014 08:48
Aberdeen Asset Management: Canaccord Genuity reduces target price from 540p to 460p, while its buy recommendation is kept. Anglo American: JP Morgan ups target price from 1260p to 1300p, while leaving its underweight rating unchanged. Aviva: JP Morgan raises target price from 528p to 570p maintain
Read moreBP Chairman's wife sells shares in wake of strong share price rise
4th Nov 2013 16:26
The wife of Carl-Henric Svanberg, who has been the Chairman of oil giant BP for almost four years, sold 750,495 pounds-worth of shares in the group on Friday. In an announcement issued at the start of this week, it was revealed the director's wife sold a total of 154,821 shares at 484.75p a piece,
Read moreGriffin Mining upgrades resource at Caijiaying mine
2nd Oct 2013 09:02
Griffin Mining cheered investors with the announcement of an upgrade in resources for its Caijiaying Zinc-Gold Mine in the Hebei Province in the People's Republic of China. The upgrade included a 215% jump in measured resources for the current mining area of Zone III, 74% of which is now in the me
Read moreWednesday broker round-up UPDATE
22nd May 2013 09:37
Afferro Mining: Panmure Gordon reduces target price from 279p to 100p, while keeping its buy recommendation. Amara Mining: Westhouse Securities cuts target price from 110p to 90p retaining a buy recommendation. Amlin: Westhouse Securities moves target price from 455p to 470p and upgrades to add.
Read moreGriffin Mining's annual profits drop as gold production falls
11th Apr 2013 08:46
Griffin Mining's shares retreated Thursday after the company posted a fall in annual revenue and profit. Revenues for the year ended December 31st 2012 came to $76.9m, a 2.7% fall from the prior year's $79.1m. Pre-tax profits dropped 15.2% to $31.2m from $36.8m. The mining group blamed lower metal
Read moreThursday broker round-up UPDATE
7th Mar 2013 07:25
Admiral: Nomura raises target price from 1350p to 1493p keeping a buy recommendation. African Barrick Gold: Nomura cuts target price from 435p to 200p and downgrades from neutral to reduce. Aggreko: Investec increases target price from 1750p to 1940p upgrading from hold to buy. Anglo American: No
Read moreGriffin Mining boosted by record production
4th Sep 2012 11:24
Griffin Mining said record levels of zinc, lead and silver production in China drove revenues up in the first half. Revenues reached $39.7m, up from $33.9m the year before. Griffin hailed a record six-month production of 386,313 tonnes of minerals at its Caijiaying Mine in China. This came despit
Read moreResource round-up: Atlantic Coal, Silvermere, Toledo Mining
30th Jul 2012 10:59
Shares Atlantic Coal, the AIM-listed miner focused on Pennsylvania, USA, jumped 11% in early trading after it reported a positive production update from its Stockton Colliery. In the three months to the end of June the company saw an 18.8% increase in clean coal production compared to the first quar
Read moreResources round-up: Griffin Mining, Lansdowne, ATH Resources
24th May 2012 14:44
Griffin Mining has continued to deliver 'excellent' results from underground diamond drilling at its Caijiaying mine in northern China. Some of the best results so far include 37.4 metres (m) at 6.55g per tonne gold and 4.33% zinc, 45m at 5.23g/t (grammes per tonne) gold and 4.47% zinc and 28.5m 3.4
Read moreGriffin Mining doubles profits
6th Sep 2011 17:46
China-focused gold and zinc miner Griffin Mining more than doubled pre-tax profits in the half year to 30 June as it benefited from higher gold prices and reduced operating costs. Pre-tax profits rose to $17.9m from $8.7m over the same period the previous year on revenues that climbed to £33.9m fro
Read moreGriffin lifts profits despite mine shut-down
4th May 2011 11:39
Griffin Mining posted a rise in pre-tax profits in the year to 31 December despite having to shut down its only mine for four months due to an accident that killed two miners. The Caiyiaying zinc-gold mine in China's Hebei province was shut down between 9 August and 9 December after the death of t
Read moreSmall caps round-up: Brady, ILA, Metric Properties ...
17th Jan 2011 11:03
Brady, a maker of software for commodities traders, is up Monday on news Norway's M3 Capital will use the British firm's Elviz solution for their core energy trading and portfolio management activities. "We have developed trading strategies which have been extensively back-tested and our aim is to
Read morePositive drilling results for Griffin
15th Dec 2010 13:07
Shares in Griffin Mining have risen by more than 10% after positive drilling results at the Caijiaying zinc-gold mine. The drilling will be used for a revised resource estimate which is expected to "significantly increase the mineral resources at Caijiaying". Griffin's chairman Mladen Ninkov says
Read moreSmall caps round-up: Charlemagne, Highams, Hydro...
7th Sep 2010 13:48
Hedge fund manager Charlemagne's assets under management rise have picked up in the past two months to stand at $3.04bn at end August. The modest recovery follows a fall in the first half to $2.8bn, blamed on declining markets. Operating profits were $1.2m, down from $1.3m, with one-off performanc
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