Gulf Keystone narrows half year losses on cost cuts
19th Sep 2013 07:36
Gulf Keystone Petroleum narrowed its first half losses as the oil and gas company kept a tight rein on costs. Loss after tax came to $26.4m, compared to the previous year's loss of $31.4m, reflecting a fall in administrative expenses to $19.3m from $34.1m. Loss per share fell to $0.03 from $0.04.
Read moreFriday tips round-up: Royal Mail, Gulf Keystone, Dunelm
13th Sep 2013 07:00
Yesterday´s trading information from Royal Mail should help investors assess the company´s correct valuation, as should the information regarding the dividend policy and the footnotes on financing arrangements and industrial relations. Key details are still missing however, not least the precise siz
Read moreGulf Keystone defeats Kurdistan rival in courts
10th Sep 2013 15:44
Gulf Keystone Petroleum has won a three-year court battle over its disputed ownership of major oil fields in Kurdistan and said it plans to move from AIM to the main market. A London judge dismissed all of the claims made by Excalibur Ventures that it had a 30% rights over Gulf Keystone's Kurdista
Read moreGulf Keystone shares to be suspended as court decides dispute
9th Sep 2013 07:49
Gulf Keystone Petroleum's shares will be suspended on September 10th while investors wait for an English court to pass judgment on a legal claim concerning its Iraqi oil fields. The English Commercial Court will decide on claims brought by Excalibur Ventures against Gulf Keystone at 10:30 on Septem
Read moreGulf Keystone appoints directors after governance row
3rd Sep 2013 08:08
Gulf Keystone Petroleum has appointed five new directors as the oil company tries to put a bitter governance row with a major investor behind it. The company tried to display a united front after an acrimonious dispute with fund manager M&G that led to new directors being imposed on the company. A
Read moreFriday broker round-up UPDATE
16th Aug 2013 08:52
African Minerals: Barclays initiates with a target price of 220p and an underweight rating. Aviva: Exane downgrades to neutral with a target price of 403p. Avon Rubber: Investec ups target price from 470p to 500p, but downgrades from add to hold. AZ Electronic Materials: Deutsche Bank reduces tar
Read moreThursday broker round-up UPDATE
8th Aug 2013 07:10
Aquarius Platinum: Investec places its target price (prev.: 46p) under review, while keeping its hold recommendation. Avocet Mining: Canaccord Genuity upgrades from sell to hold with an unchanged target price of 112p. BBA Aviation: Citi raises target price from 292p to 335p reiterating a buy recom
Read moreGulf Keystone caves into shareholders over nominated directors
22nd Jul 2013 10:28
Gulf Keystone has ended a boardroom fight, saying it would no longer oppose four nominees as non-executive directors put forward by shareholders M&G and Capital Research Global Investors. The Iraqi Kurdistan-focused oil explorer announced that it has reached "a constructive agreement" with M&G and
Read moreTuesday tips round-up: Ryanair, Invensys, Gulf Keystone
16th Jul 2013 06:41
Ryanair has bold plans to increase its European market share to 20 per cent from 15 per cent and transport 100m passengers a year by the end of the decade, The Telegraph's Questor points out. In order to meet its objective, the low-cost airline will buy more planes. In May it announced it was buying
Read moreGulf Keystone row with M&G heats up
15th Jul 2013 07:35
Gulf Keystone Petrol has attacked a former director in the latest round of its bitter battle with M&G Investments. The oil and gas company said Jeremy Asher, one of M&G's four proposed new board members, was a "disruptive presence" when he was a director before 2010. Gulf Keystone also said Asher w
Read moreSunday newspaper round-up: ITEM Club, Morrison, Invensys
14th Jul 2013 14:11
When it issues its summer report, tomorrow, top economic forecaster ITEM Club will argue the economic recovery is real and solid and forecast that exports could jump by almost 5 per cent in 2014. The Club, which is independent, but bases its forecasts on the Treasury's own economic model, will predi
Read moreGulf Keystone to launch drilling at Shaikan-10 well
10th Jul 2013 08:21
Gulf Keystone said it would launch an aggressive development drilling campaign at its Shaikan-10 well in Iraq. The oil and gas explorer said the decision followed the "spudding", or early drilling, of the well on July 5th. The AIM-listed company said Shaikan-10 was part of its plan to shift from b
Read moreSunday newspaper round-up: Lloyds, Bumi, Gulf Keystone
7th Jul 2013 22:40
Singapore´s giant sovereign wealth fund has made a preliminary approach to the government about buying a 4.5bn pound stake in Lloyds Banking Group. Temasek, one of the biggest investors in the financial services sector, is believed to be willing to buy about 10 per cent of the bank's shares. An init
Read moreFriday tips round-up: Ashtead, Oracle, Gulf Keystone
21st Jun 2013 06:43
Equipment rental group Ashtead Group delivered record pre-tax profits on Thursday thanks to the strong performance of its US operation Sunbelt. However, Sunbelt revenues are not going to continue to grow at three times the industry average, according to The Times' Tempus column. But while growth may
Read moreGulf Keystone widens 2012 losses
20th Jun 2013 08:47
Oil and gas company Gulf Keystone widened its annual losses, reflecting an increase in administrative expenses, interest arising on convertible bonds and a rise in taxes. Loss after tax for the year to December 31st 2012 came to $81.8m, up from the previous year's $62.4m. Loss per share fell to $0
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