London midday: Stocks extend gains, RBS and IAG on the rise
23rd Jan 2012 11:46
- Markets await news from Greece. - Lagarde warns of "1930s moment"; - RBS rises on rumours of CEO waiving bonus. London's benchmark index had extended gains by midday with the market showing their optimism as investors awaited news from Greece. US stock futures were also pointing to a positive sta
Read moreLondon open: Footsie rises with Greece in focus
23rd Jan 2012 08:36
UK stocks rose on Monday with hopes that Greece can reach a deal with its bondholders boosting sentiment early on. The Institute of International Finance (IIF) seems to have hardened its stance in its negotiations with Greece. Charles Dallara, theManaging Director of the IIF, the body which is neg
Read moreIthaca Energy in play
23rd Jan 2012 07:01
Ithaca Energy, the Canadian oil and gas firm, has received a bid approach and discussions are taking place which may or may not lead to an offer being made for the issued share capital of the company. The company holds a number of assets in the UK-owned part of the North Sea, including the Athena
Read moreIthaca & Lochard fall on news of delay
9th Dec 2011 12:57
Both Ithaca and Lochard, AIM-listed oil firms, fell on news that one of its Athena project has had to be slightly delayed. The project, a floating production, storage and offloading (FPSO) vessel, which is the responsibility of BW Offshore, has proven to be more extensive than was originally envis
Read moreIthaca ups reserves estimate
26th Apr 2011 08:21
Ithaca Energy, the Canadian oil and gas firm focused on the North Sea, said Challenger Minerals (CMI) is to pay a share of the costs of the initial well on the Hurricane discovery, as part of an earn-in agreement. The Hurricane discovery is in block 29/10b within the Ithaca operated Greater Stella
Read moreIthaca sticks with full year production target despite delays
7th Apr 2011 17:07
North Sea oil and gas explorer Ithaca Energy said combined sales for the first quarter of 2011 totalled 314,340 barrels of oil equivalent (boe), net to Ithaca. Average net sales were 3,493 boe per day, some 20% below the net average daily target for first quarter due, as the company has previously
Read moreSmall caps: CNC, Ithaca, Paragon Diamonds...
25th Mar 2011 17:51
Precision engineering specialist CNC Technology saw profits fell 17% last year to £2.32m, but the second half was much stronger. Sales fell 2% to £12.6m. "Trading conditions in the defence sector remain strong and we continue driving some of our products into military equipment aimed at countering
Read moreNorth Sea production boost for Ithaca
29th Dec 2010 11:45
Oil and gas explorer and producer Ithaca Energy Inc says that its UK subsidiary has more than doubled production from its second workover well on Beatrice Alpha. The stable production from the workover well has increased 115% to approximately 560 barrels of oil per day (bopd) gross. That exceeds m
Read moreBrooks seven pocket £2.2m
24th Sep 2010 17:02
All seven executive directors of wealth management firm Brooks Macdonald have taken advantage of the share price more than doubling over the past year to reduce their shareholdings. They all sold shares at 895.5p each and raised £2.21m in total. The shares are 133% higher than one year ago. Inv
Read moreSmall caps round-up: Ariana Resources, Michelmersh, ReNeuron...
12th Jul 2010 08:31
Shares in Ariana Resources rallied after the Turkey-focused gold miner announces the completion of its joint venture agreement with Proccea to develop the Red Rabbit Project in western Turkey. The group said results from the recent resource drilling programme are expected shortly. Managing directo
Read moreUK SMALLCAP ROUNDUP: Diploma Earnings To Beat Market Views
8th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps DIPLOMA PLC (DPLM.LN), a supplier of technical products like hydraulic seals and wiring for control systems, Thursday said it expects fiscal-year earning
Read moreUK SMALLCAP ROUNDUP: Connaught's CEO, Finance Director Resign
8th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CONNAUGHT PLC (CNT.LN), a U.K. support services firm, Thursday said its chief executive and finance director have resigned from their roles, a week after
Read moreUPDATE: Ithaca Energy Fully Funded After Raising C$158 Mln
8th Jul 2010 12:08
(Adds executive comment and detail.) By Rachael Gormley and Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--North Sea-focused oil and gas company Ithaca Energy Inc. (IAE.V) Thursday said it now has enough money to bring its Stella, Harrier and Hurricane projects into production
Read moreUK SMALLCAP ROUNDUP: JJB Sports Posts Six-Week Sales Leap
8th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps JJB SPORTS PLC (JJB.LN), a U.K. sportswear retailer, said sales at its stores open more than a year rose 22.3% in the six weeks to July 4, adding a trial
Read moreIthaca Energy Secures C$158M Financing To Fund Projects
8th Jul 2010 07:29
LONDON (Dow Jones)--North Sea-focused oil and gas company Ithaca Energy Inc. (IAE.V) Thursday said it has agreed C$158 million of financing which, along with its existing debt facility, will fully fund all of its current projects through to first production. The proceeds are planned to be used t
Read more