Small caps round-up: Ceres Power, Empyrean, Fortune Oil...
25th Mar 2010 12:33
Ceres Power's interim loss grew to £5.9m from £3.3m a year earlier as revenue slumped 39%, blamed on the £2m Alpha milestone completion payment from British Gas last June being recognised as revenue when earned, based on costs incurred over the Beta and Gamma phases. Brian Count, chairman of the UK
Read moreSmall caps round-up: Sportech, Liontrust, DQ...
25th Mar 2010 12:11
Losses rose at football pools group Sportech last year after heavy asset write-downs and gross win falling 10% to £64.6m. Pre-tax losses in 2009 were £17m after £25m of one-offs. Underlying operating profits fell to £19.5m from £22.6m. "That the decline in profitability is due, primarily, to our co
Read moreRound-up: Sportingbet, Cap-XX, Liontrust
25th Nov 2009 12:14
Fund manager Liontrust's assets under management have continued to fall, while profits also took a tumble in the six months to September. Profit before tax slumped to £0.5m from £6.1m, while managed fund dropped from £1.3bn at end September to £1.2bn currently. The interim dividend maintained at 2.
Read moreCharlemagne and Liontrust assets rise
23rd Sep 2009 12:43
Fund manager Liontrust saw funds under management rise in the three months to September, as conditions in equity markets stabilised. Funds rose to £1.28bn from £1.12bn in at end June. Institutional funds rose to £371m from £302m with retail funds up to £908m from £821m over the three months. "Lion
Read moreMonday newspaper round-up: Anglo American, CBI, ITV
15th Jun 2009 06:17
Cynthia Carroll, the chief executive of Anglo American, has lost the confidence of leading shareholders who want her to consider merging the London-listed mining giant with its rival Xstrata. Some big investors have drastically reduced their shareholdings in Anglo over the past year because of conc
Read moreLondon close: Miners buoy Footsie
10th Jun 2009 16:37
Footsie finished higher but with much diminished gains after surging in early dealings led by buoyant mining stocks then falling back as Wall Street retreated. Miner ENRC surged ahead after it said sales and production volumes during the first quarter were better than prior expectations though pri
Read moreLondon afternoon: Equities off the top
10th Jun 2009 15:06
Shares have eased back in the first half of the afternoon session, though Footsie remains in positive territory. Miners and banks remain the best performers. Miner ENRC surges ahead after it said sales and production volumes during the first quarter were better than prior expectations though pricin
Read moreLiontrust hit by star departures
10th Jun 2009 13:25
Funds under management slumped at Liontrust Asset Management last year in what it described as "arguably the most difficult" it has ever faced. Assets dropped by 60% £4.7bn to £1.9bn in the year to March with net outflows of £1.37bn. The turmoil in the equity markets knocked off a further £1.44bn.
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