Kenmare revenues soar 83%
25th Jan 2012 07:44
Irish mining company Kenmare Resources has reported 'robust' demand for its products in 2011, with revenues up 83% year-on-year. Revenue rose from $91.6m in 2010 to $167.5m in 2011. Quarter-on-quarter, the volume of finished products shipped in the fourth quarter rose from 188,200 tonnes to 192,
Read moreFTSE 250 Movers: Retailers dive on consumer confidence
21st Dec 2011 14:42
Retailers were the heavy fallers after the GfK NOP UK consumer confidence index fell to its lowest level since February 2009. The index decreased to -33 points in December from -31 the month before. The market consensus had been expecting a small up-tick to -31. A downbeat report by Fitch hasn't d
Read moreFTSE 250 movers: Miners tumble on global fears
21st Nov 2011 13:02
The mining sector suffered some heavy losses on Monday as concerns of the global economy weighed on sector sentiment, and metals prices. Centamin Egypt, Kenmare Resources, Aquarius Platinum, Petropavlovsk and Allied Gold Mining were among the worst performers on the FTSE 250. While the miners bo
Read moreLondon midday: Global concerns spark mass sell-off
21st Nov 2011 12:13
After a steep sell-off early on, the FTSE 100 traded sideways in the morning session and remained firmly below the 5,300 level, registering triple-digit losses, as of midday. Stocks markets across Europe suffered falls of between 2% and 3%, while US futures were also pointing to sharp decline, as ne
Read moreKenmare revenues jump in Q3
27th Oct 2011 10:28
Irish mining firm Kenmare Resources said revenues during the third quarter had grown strongly compared to the previous three months, due to increased sales volumes and prices. The company also said average prices for its minerals would rise significantly going forward as annual fixed price contract
Read moreLondon close: Higher finish after late rally, RBS and Barclays lag
6th Sep 2011 16:44
London's leading share index rediscovered its earlier buoyancy to close with good gains after another choppy day. Shares had given up early gains after a weak start on Wall Street, but rallied in late trading, though banks RBS and Barclays were left behind. Company updates were the main cause for
Read moreLondon midday: Lloyds leads banking rally
6th Sep 2011 12:13
The top share index is posting big gains now as banks recover and company updates get the thumbs up. Lloyds Banking leads banks higher after a bad day for the sector yesterday amid talk that ratings agency Moody's is set to downgrade the sector. Company updates are the main cause for excitement th
Read moreLondon open: Whitbread leads the rise
6th Sep 2011 08:29
The Footsie opened moderately higher in early trading, helped by strong gains by coffee shop, restaurant and hotel owner Whitbread. Whitbread was the high riser on the blue chip index, gaining over 5%, after it was able to accelerate revenue growth during the first half, posting a 12.9% improvement
Read moreKenmare achieves milestone for Mozambique mine
6th Sep 2011 07:51
Irish mining firm Kenmare Resources has achieved 'Technical Completion' at the Moma Titanium Minerals Mine in Mozambique, a major milestone towards releasing its loan guarantees for the project. Technical completion is achieved by issuing four certificates: Physical Facilities, Production, Efficien
Read moreFTSE 250 Movers: Kenmare rises on the back of director comments
25th Aug 2011 11:33
Irish mining firm Kenmare Resources was heading north after managing director Michael Carvill said the group is going flat out to take advantage of a 'very positive product market environment'. Carvill said the group is working hard to increase current levels of production, as market prices for ti
Read moreKenmare set to motor in 2012
25th Aug 2011 07:37
Irish mining firm Kenmare Resources is going flat out to take advantage of a 'very positive product market environment', the group's managing director, Michael Carvill, said. Carvill said the group is working hard to increase current levels of production, as market prices for titanium feedstocks an
Read moreFTSE 250 Movers: Bwin.party bid may be on the cards
16th Aug 2011 11:26
Bwin.party Digital Entertainment saw its share price head north as rumours persist that a US company has it in its sights. Casinos operator Wynn Resorts is one name in the frame, with a take-out price of 170p per share being talked about. Bwin.party, the world's largest online gaming group, alread
Read moreFTSE 250 movers: Michael Page share price sent tumbling
15th Aug 2011 12:31
International recruitment firm Michael Page made a flying start to 2011 but said profit growth in the banking sector has tailed off in the second half of the year. This announcement saw the group's share price plummet more than 12%. Revenue in the first half of 2011 rose 27.6%, or 25.8% using co
Read moreSunday tips round-up: Kazakhmys, Axis-Shield, 5 post-slump shares
14th Aug 2011 19:43
Kazakhmys operates in Kazakhstan, where it is predominantly a copper miner, though it also produces zinc, silver and gold and operates a major power station. The market for its copper is partly in Europe, but mainly in China, which is an immediate neighbour. Kazakhmys is at risk in the event of a ma
Read moreFTSE 250 movers: Booker Group bucks the trend
6th Jul 2011 15:28
The FTSE 250 pulled back from yesterday's gains on Wednesday as worries about the health of another Eurozone country, Portugal came into focus after Moody's Investors Service downgraded the country's credit rating to junk. The index tracking the blue-chip stocks also tumbled below the 6,000 points m
Read more