London 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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