Gulf Keystone ups oil estimates at Shaikan-1
14th Jan 2010 14:57
Gulf Keystone has increased its oil in-place estimates for the Shaikan-1 discovery in the Kurdistan region of northern Iraq to between 1.9bn and 7.4bn barrels of oil. Previous estimates were for between 1bn and 5bn, with additional upside potential to a total of 13bn barrels of oil in place. 'Thi
Read moreTesco's Leahy makes £2.24m share gain
30th Nov 2009 15:34
Tesco chief executive Sir Terry Leahy has made a £2.24m gain on the sale of options he exercised on 27 November. The Tesco boss acquired 228,901 shares at an option price of 173p a share - a total cost of £396,000 - and he sold 148,808 of these shares. He also sold 439,693 of the 1,378,632 shares
Read moreLondon close: Footsie 100 points higher
23rd Nov 2009 16:37
Footsie closed more than 100 points higher on Monday thanks to a record price for gold, an early rally on Wall Street and strength across the financial sector. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhe
Read moreLondon afternoon: Rally into three figures
23rd Nov 2009 14:49
A record price for gold, an early rally on Wall Street and strength across the financial sector has sent London to its best levels of the day. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhere in the sector
Read moreLondon midday: Cadbury hits new high
23rd Nov 2009 12:06
London shares are racing ahead as the dollar's recent strength wanes, prompting renewed interest in mining shares. Gold has hit new highs, and that has led to sharp mark-ups in the price of gold miner Randgold and silver and gold miner Fresnillo. Elsewhere in the sector ENRC, Lonmin, Xstrata, Rio
Read moreLondon open: Miners propel Footsie higher
23rd Nov 2009 08:51
Miners are driving Footsie higher again, with all of the top ten gainers metals groups. Xstrata, Rio Tinto and Randgold are the top risers, but the gains are sector-wide and strong. There's also good news at Lloyds Banking Group where the bank has the part-nationalised lender enjoyed "strong dema
Read moreGulf Keystone finds more in Shaikan-1
23rd Nov 2009 08:24
Shares in Kurdistan-focused oil group Gulf Keystone leapt higher as it reported further large discoveries on its Shaikan-1 prospect. An additional Triassic formation discovery in the Shaikan-1 well in Kurdistan could mean additional, potential aggregate rates of about 24,000 barrels equivalent per
Read moreGulf Keystone draws down more cash
13th Nov 2009 16:49
Kurdistan-focused oil explorer Gulf Keystone Petroleum has drawn down a further £4.6m from its £30m Standby Equity Distribution Agreement (SEDA). The shares have been issued at 99.6p each, which is the highest price of the four share issues under the SEDA since May 2009. The previous share issue wa
Read moreSmall caps round-up: Cyril Sweett, Kewill, Gulf Keystone...
13th Oct 2009 08:04
Construction and property consultancy firm Cyril Sweett said overall trading for the half year is expected to be in line with expectations but added that there will be a number of one-off costs. Logistics software specialist Kewill expects to report results for the six months ended 30 September in
Read moreGulf Keystone draws down cash for Shaikan-1
12th Oct 2009 14:23
Kurdistan-focused oil explorer Gulf Keystone Petroleum has drawn down a further £4.5m from its £30m Standby Equity Distribution Agreement (SEDA). This latest share issue is at 89.72p a share and the cash will be spent on projects in Kurdistan. The SEDA is provided by YA Global Master SPV Ltd and t
Read moreWednesday tips round-up: Northern Foods, Mouchel, Easyjet
7th Oct 2009 06:48
Northern Foods shares are trading on a March 2010 earnings multiple of 11.1 times, falling to 9.8 times. This appears to be a comfortable rating in line with its historical averages. The shares are not one to own if you are seeking significant capital appreciation, but for investors looking for a
Read moreLondon close: Miners lead Footsie recovery
6th Oct 2009 16:41
Mining stocks were at the forefront of a sharp rally in the FTSE 100 as the market recovered from a recent weak spell. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tes
Read moreLondon afternoon: Morning's gains consolidated
6th Oct 2009 14:36
Less than a dozen Footsie constituents are in the red this afternoon as the market recovers strongly on the back of buoyant mining shares. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head highe
Read moreLondon midday: Miners push Footsie higher
6th Oct 2009 12:06
After a hesitant start, London's blue-chips have kicked on with mining stocks leading the way. Kazakhmys, Antofagasta, Randgold Resources, Vedanta, Anglo American, Xstrata and ENRC are the pick of the risers in the mining sector as metal prices head higher. Reaction to Tesco's results was initial
Read moreLondon open: Footsie posts early gains
6th Oct 2009 08:53
Footsie's bright start is fizzling out a little after disappointment over Tesco's half-year profits, despite the surge by the Dow overnight. Australia's decision to raise interest rates has also sparked some caution, It is the first G20 member to do so since the credit curnch really started to bite
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