London 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
Read moreLondon pre-open: Gains likely as Tesco posts figures
6th Oct 2009 07:33
Tesco is likely to be in focus early on after reporting a modest rise in half-year profits. Traders expect Footsie to open up around 22 points. UK supermarket giant Tesco has made £1.42bn in the six month to August and said it is well-placed for the global recovery. Pre-tax profits were up by 1.5%
Read moreGulf Keystone reports 'very significant' new discovery
6th Oct 2009 07:11
Kurdistan-focused oil group Gulf Keystone has discovered oil in the upper portions of the Triassic section of the Shaikan - 1 exploration well. A limited test resulted in oil rates up to 2,000 bopd and associated gas rates of up to 2 mmscf/d, yielding a gas/oil ratio of approximately 1,000 scf/bbl
Read moreSmall caps round-up: Gulf Keystone, Faroe Petroleum, KCom...
30th Sep 2009 11:50
Kurdistan -focused oil explorer Gulf Keystone posted a loss after tax $5.6m ($18.2m) in the six months to June. Gulf shares have shot forward recently after a major discovery at the Shaikan-1 well, in the Sargelu, Alan, Mus and Butmah formations. The revised range of oil-in-place volumes is between
Read moreSmall cap round-up: Photo-Me, Cosalt, AEC Education...
18th Sep 2009 07:54
Photo booth group Photo-Me's revenue from continuing operations and underlying pre-tax profit both increased in the quarter from 1 May to 31 July 2009, helped by currency movements. Net debt decreased in the quarter and the group completed the disposal of Imaging Solutions, the loss-making wholes
Read moreSmall caps round-up: Chime, Gulf Keystone, RTS...
25th Aug 2009 08:53
Chime Communications, the leading marketing services group, said it posted its highest ever first half pre-tax profit. Profit before tax rose 4% to £8.5m on turnover that rose to £137m from £115m before. 'Having delivered the highest profit in our history we have outperformed the market and our co
Read moreSmall caps round-up: Finsbury Food, Game, E2V...
30th Jul 2009 10:11
Cake and bread maker Finsbury Food has cooked up an 8% increase in revenue for the year to 30 June 2009, 5% of which it attributed to acquisitions. The firm's cake division, its largest, saw sales rise 2% in absolute terms, but remain flat on a like for like basis. The smaller Bread & Free From uni
Read moreSmall caps round-up: Abbeycrest, Synchronica, Futura...
20th Jul 2009 08:35
Jewellery maker Abbeycrest said it is performing in line with expectations as it undergoes a turnaround plan. The unbranded jewellery business is delivering much improved results on a significantly reduced turnover, the firm said. The brands division is making good progress with its higher margin b
Read moreGulf Keystone encouraged by Shaikan-1 drilling
24th Jun 2009 08:21
Gulf Keystone Petroleum, the oil and gas firm focused on Algeria and Kurdistan, has been encouraged by early drilling results from its Shaikan-1 exploration well in Kurdistan. Currently the well is drilling 17-1/2' hole at about 1100 metres towards the planned intermediate casing point at 1350 metr
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