London close: Stocks inch higher in shortened session as Santa Rally continues
24th Dec 2014 12:46
The UK stock market closed a half-session in positive territory on Christmas Eve to extend its winning streak into the seventh straight day. With trading volumes low - many European markets were already closed for Christmas - London stocks were rangebound for most of the session as investors refrain
Read moreLondon midday: Stocks rise for seventh straight session ahead of Christmas break
24th Dec 2014 11:21
The UK stock market looked set to record its seventh straight day in positive territory on Christmas Eve, with just an hour to go before the end of a shortened session. The FTSE 100 was up just 0.1% at 6,603 by midday, trading within a narrow range as investors refrained from taking on too much risk
Read moreHardy Oil & Gas to take write-down after giving up Indian licence stake
24th Dec 2014 10:24
The share price of India-focused Hardy Oil & Gas plunged on Wednesday after the firm "consented to the relinquishment" of an exploration licence. The operator of the KG-DWN-2003/1 (D3) licence, Reliance Industries, had proposed the move concerning Hardy's 10% stake after India's government imposed a
Read moreHardy Oil shares fall on India gas pricing uncertainty
7th Aug 2014 16:16
India government's decision to review the country's gas pricing policy from locally produced natural gas has generated an uncertain future for the industry, Hardy Oil & Gas said on Thursday. In particular, and as regards the company's financials, in its interim management statement for the period b
Read moreCarnival Chairman reduces stake by around a quarter
26th Mar 2014 15:54
Micky Arison, the long-standing Chairman of cruise line operator Carnival Corp., docked a batch of shares earlier this week ahead of its better-than-expected first quarter trading update. Arison offloaded 525,348 at $40.09 each, reducing his stake to 104.52m shares. The group on Tuesday reported
Read moreSon of Air Partner founder sells shares and announces retirement
6th Nov 2013 15:13
Tony Mack, Non-Executive Director of Air Partner, a provider of aviation charter services, has reduced his stake by over a third and announced his plans to retire in June next year. He sold a total of 360,067 shares, reducing his stake to 700,000 shares, equal to 6.8% of the issued share capital.
Read moreJupiter Fund Management Chief disposes of 750,000 shares
18th Mar 2013 16:28
Edward Bonham Carter, the Group Chief Executive of Jupiter Fund Management, has traded in 2.65m pounds-worth of shares just a few weeks since the group boosted its total dividend for 2012 by 13 per cent. Bonham Carter sold 750,000 shares at 350.75p a time, making a modest dent in his stake which n
Read moreHardy Oil and Gas poised to serve Indian energy market
7th Mar 2013 13:43
India-focused Hardy Oil and Gas has unveiled its preliminary results for the year ended December 31st, showing cash used from continuing operations before movements in working capital of 6.8m dollars. Cash and short-term investments at December 31st amounted to $29.1m compared to $36.5m in 2011 and
Read moreHardy Oil and Gas in negotiations over GS-01 exploration block
10th Jan 2013 13:38
Hardy Oil and Gas, an oil and gas exploration and production company with assets in India, has confirmed media reports that it is in negotiations with the operator of the GS-01 exploration block located offshore the west coast of India. In a statement the group said: "Hardy confirms that it is in n
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Read moreTracsis tech officer ditches shares
6th Jun 2012 15:54
Raymond Kwan, the Chief Technical Officer of Tracsis ditched 750,000 shares on the same day the firm announced that it considers it likely that the company will exceed current market expectations for the year ended July 31st 2012. Tracsis is a developer, supplier and aggregator of resource optimis
Read moreResource round-up: Forum Energy, Berkeley Resources, Jupiter Energy, Hardy Oil & Gas
24th Apr 2012 09:27
UK oil and gas firm Forum Energy has confirmed its natural gas discovery at Recto Bank in the disputed South China Sea contains more reserves than initially thought. In an announcement to the Philippines Stock Exchange earlier, Philex Petroleum Corp said Forum had a report that "is expected to show
Read moreSmall caps round-up: K3, Densitron, Innovation...
1st Mar 2012 10:30
Software firm K3 Business Technology Group has received a number of indicative proposals at levels materially higher than the current share price, which it will explore these under a formal sale process and is now consequently in an offer period. Shares in the firm leapt 21.75 percent to 187.50p.
Read moreHardy Oil and Gas sees Chief Exec and Chairman depart
13th Jan 2012 11:34
Hardy Oil and Gas, the India-focused commodities company, has announced both its Chairman and Chief Executive are to leave their positions. Paul Mortimore is stepping aside as Chairman while Yogeshwar Sharma, the current Chief Executive, will also stand down. Mortimore, who will remain a non-execu
Read moreHardy Oil's south east Indian field shut-in
3rd Aug 2011 08:43
Hardy Oil and Gas said its PY-3 field in the south east Indian region was shut in pending management committee approval of the award of a contract for the field's floating production system. The oil and gas exploration and production company focused in India said it is working closely with all the
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