London close: FTSE 100 rallies to flat finish
8th Mar 2011 16:53
The FTSE 100 rallied strongly to close flat after a volatile. Traders were unsure how to react to continuing violence in Libya and indications from Opec that the cartel will lift oil production. The oil price eased, but so did metals, which dealt a blow to the mining sector, particularly precious m
Read moreLondon afternoon: Miners drag down Footsie
8th Mar 2011 14:34
Mining stocks are weighing heavily on Footsie as the price of gold and copper moved lower today. Precious metal miners Randgold Resources and African Barrick are the big fallers in the sector, but even copper miner Antofagasta is under the cosh, despite announcing it is to pay a huge special divid
Read moreJolly Ranch progress cheers Nighthawk
8th Mar 2011 11:59
Shares in Nighthawk Energy jumped after the US-focused oil group reported progress at its Jolly Ranch project in Colorado. Three wells at the project have been completed and two are undergoing a period of test production. Nighthawk added that another well, which has been on long-term test producti
Read moreSmall caps round-up: Ark Therapeutics, Hambledon, Nighthawk ...
8th Feb 2011 14:28
Drug developer Ark Therapeutics has sold the majority of its wound care business to Crawford Healthcare for up to £2.7m, comprising £0.77m upfront and up to £1.93m in milestone payments. The value of the gross assets being sold was put at £1,153,000 as at 30 June 2010. The losses on ordinary activi
Read moreNighthawk surges after simulation study
24th Jan 2011 15:56
Shares in oil development and production company Nighthawk Energy gushed higher Monday after an upbeat trading update revealed a significant increase in estimated oil in place at the Cherokee and Atoka shale formations on its Jolly Ranch prospect. The company said that the reservoir simulation mode
Read moreNighthawk to take write-downs as it focuses on Jolly Ranch
29th Nov 2010 15:22
Oil explorer Nighthawk Energy has decided to focus exclusively on its 50%-owned Jolly Ranch prospect in Colorado after completing a strategic review. The Company's interest in the Revere waterflood projects will be assigned to Running Foxes Petroleum, the operator, as of 1 January 2011 in return fo
Read moreBroker tips: Trinity Mirror, Iomart, Nighthawk Energy
29th Nov 2010 13:20
The share price of newspaper group Trinity Mirror is down by a half over the last year and a third over the last month, prompting broker Panmure Gordon to suggest that the timing might be right for the group to embark on a share buy-back programme. The broker thinks that buying back the shares wou
Read moreBroker snap: Plenty of upside left at Nighthawk
29th Nov 2010 12:46
Oil explorer Nighthawk Energy has announced the results of its strategic review and it did not take long for the market to look at the size of the write-downs the company announced and slice around a fifth of the value from the company's share price. Resource sector specialist Westhouse Securities
Read moreSmall caps round-up: DQ Entertainment, Mwana Africa, Nighthawk...
20th Oct 2010 13:23
Shares in DQ Entertainment, the entertainment production and distribution company, moved a step closer to their 52-week high Wednesday morning after the announcement of a deal with Noga Communications, Israel's leading independent television content producer and broadcaster. Noga has acquired the I
Read moreBroker tips: BSkyB, Filtrona, Nighthawk
20th Oct 2010 13:02
KBC Peel Hunt is anticipating few surprises in British Sky Broadcasting's (BSkyB) first quarter results due on Friday. The bid for the company by News Corporation is likely to be of more interest than the company's launch of dedicated high definition (HD) channels and its HBO carriage deal, the bro
Read moreBroker snap: Nighthawk shareholders need patience
20th Oct 2010 13:01
The admission by oil explorer Nighthawk Energy that it will not meet its previously announced target of 1,000 barrels of oil equivalent per day this year is a clear disappointment, broker Daniel Stewart concedes, but it has not dampened the broker's enthusiasm for the stock. The company explained t
Read moreLondon close: Weak end to dull day
14th Oct 2010 16:35
Leading shares closed lower on a poor day for the banks and a tumble for African Barrick. Fears that Standard Chartered's rights issue yesterday could be the start of a flood of cash calls unsettled Lloyds, Royal Bank of Scotland and Barclays. Metal prices are back on the rise as the dollar heads
Read moreLondon afternoon: Footsie bottoms out
14th Oct 2010 14:17
Leading shares trod water over the lunchtime session, leaving Footsie still stranded in the red. Banks remain in the doldrums. Fears that Standard Chartered's rights issue yesterday could be the start of a flood of cash calls has unsettled Lloyds, Royal Bank of Scotland and Barclays. Metal prices
Read moreSmall cap round-up: Nighthawk, Renold, Scapa...
14th Oct 2010 11:51
US-focused oil and gas group Nighthawk has secured a £25m equity finance facility "to continue the development of the company's asset base." Chain-maker Renold has continued to see strong sales. "The strengthening order book gives good confidence for the third quarter," it said. "While visibil
Read moreReserves estimate rises at Nighthawk's Xenia asset
10th Aug 2010 07:57
US focused hydrocarbon development and production company Nighthawk Energy said the reserves estimate at its 50% owned Xenia project in Kansas has been increased. Independent consultant Oilfield Production Consultants (OPC) has made a gas reserve evaluation and calculated gross proved, probable an
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