JKX Oil & Gas restarts in-field drilling and appraisal programme
5th Feb 2013 12:07
JKX Oil & Gas is restarting its in-field drilling and appraisal programme on the Novo-Nikolaevskoye Complex in the Ukraine, the company announced Tuesday. The group's Skytop rig will be used on licences at the complex including the Molchanovskoye, Elizavetovskoye and the Zaplavskoye fields. The ri
Read moreTravis Perkins Finance Director continues to reduce stake ahead of retirement
19th Oct 2012 16:42
Paul Hampden Smith, who has been the Finance Director at Travis Perkins since 1996, has reduced his stake in the building materials supplier following the announcement of his retirement plans last Friday. The sales, which were announced after the close on Friday, were made between October 16th and
Read moreFriday broker round-up
17th Aug 2012 09:22
Afren: Goldman Sachs downgrades to neutral. Borders & Southern Petroleum: Goldman Sachs downgrades to neutral. Coastal Energy: Goldman Sachs upgrades to buy. CRH: Credit Suisse downgrades to underperform. ENRC: Nomura cuts target from 500p to 400p, reduce rating kept. Faroe Petroleum: Goldman S
Read moreWednesday broker round-up
15th Aug 2012 09:47
AB Foods: UBS raises target from 1,330p to 1,400p, buy rating unchanged. AVEVA: Jefferies ups target from 1,800p to 2,300p, buy recommendation maintained. Balfour Beatty: Investec maintains sell rating and 210p target. CLS Holdings: Peel Hunt ups target from 639p to 720p, hold rating kept. CRH:
Read moreJKX hit by Russian gas problems
14th Aug 2012 13:54
JKX Oil & Gas saw profits fell in the first half of the year after technical problems hit its Russian operations. Revenues were down to $103m from $107.8m the year before, while operating profit dropped to $31.3m from $32.9m in the first half of 2011. However, this profit was all but wiped out by
Read moreJKX posts fall in production but leap in prices
15th May 2012 15:26
JKX has posted a year-on-year first-quarter fall in oil and gas production, although this was offset with soaring gas and oil prices. Production in the first three months of 2012 totalled 7,330 barrels of oil equivalent per day (boepd) (2011 Q1: 8,910). Oil production fell 23.3% from 2,246 barrels
Read moreSector movers: GKN lifts autos, Shell weighs on oils
12th Apr 2012 15:03
FTSE 100 engineering giant GKN was providing a lift to the automobiles and parts sector today after an upgrade from Credit Suisse. The Swiss broker raised its rating from neutral to outperform saying that following the 11% share price fall over the last month, any concerns surrounding the rumoured
Read moreLondon close: UK GDP, Eurozone concerns weigh on stocks
28th Mar 2012 16:40
- UK Q4 GDP weaker than first thought - RSA leads ex-div stocks lower - Comments from ECB's Weidmann weigh on markets Just a dozen or so stocks on the FTSE 100 finished in the blue on Wednesday as the benchmark index sank a whole percentage point to its lowest level of the day. A weaker-than-expe
Read moreJKX bins divi as resources are stretched
28th Mar 2012 10:07
A lumpy tax charge and an ambitious capital expenditure programme at JKX Oil and Gas means shareholders will have to go without a dividend in respect of 2011. Revenue in 2011 rose 23% to $236.9m from $192.9m the year before, even as production fell 12% to 9,045 barrels of oil per day (boepd) from 1
Read moreResources round-up: Red Emperor, Wolf Minerals, Oilex...
5th Mar 2012 14:59
Oilex surged on Monday after reporting that operations at the Cambay-76H horizontal well, onshore Gujarat, India, to retrieve the stuck milling assembly and coiled tubing have been successfully concluded with the entire assembly now having been recovered at surface. The well is currently being prepa
Read moreJKX signs Russian gas sales contract
1st Mar 2012 11:05
JKX Oil & Gas has announced that its wholly owned Russian subsidiary, Yuzhgazenergy, has signed a sales agreement with Kubangazifikatziya for the sale of 100% of the gas produced in 2012 from its Koshekhablskoye field in southern Russia. Kubangazifikatziya will take delivery of gas from the Koshekh
Read moreLondon close: Strong finish to bad month
31st Aug 2011 16:39
The top share index finished the worst month since the financial crisis broke out in late 2008 with strong gains as strong economic data in the US whetted investors' appetite for battered shares. The purchasing managers' index, which measures industrial sentiment for the Chicago area, came in ahead
Read moreLondon midday: Smith & Nephew leads rally
31st Aug 2011 12:01
Shares have built on their earlier gains, though the rally is unlikely to be enough to prevent the biggest monthly fall since the beginning of the financial crisis in 2008. Among today's big gainers is bid rumour-mongers' favourite Smith & Nephew. Latest talk has it that peer Stryker could be inter
Read moreFTSE 250 Movers: Investors raise their stake in bwin.party digital entertainment
31st Aug 2011 11:04
Sales at bwin.party digital entertainment, the online gaming firm formed by the merger of Bwin and Partygaming, edged lower in the six months to 30 June, but the firm has raised its estimates for synergies accrued from the merger. The news sent the company to the top of the FTSE 250 leaders board.
Read moreLondon open: Bwin, 888 lead the rise
31st Aug 2011 08:48
The Footsie edged higher in early trading on the back of a rally in New York last night after minutes from the last meeting of the Federal Reserve showed policymakers considered stimulus measures to kickstart the world's biggest economy. In London, online gaming firm bwin.party surged higher on the
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