Friday tips round-up: Afren, Pennon, PayPoint...
26th Nov 2010 06:43
Oil explorer Afren's Okwok appraisal well in Nigeria established that there was a minimum economic field size of 25m barrels of oil equivalent (boe), confirming that the find is commercial. The field may be a standalone operation or it may be a satellite to the company's nearby Ebok field, which is
Read morePaypoint keys in profit rise
25th Nov 2010 08:31
Paypoint said half yearly pre-tax profit increased 5.4% as it reduced costs. The group, which operates cash and Internet payment network, said pre-tax profit rose to £14.6m in the six months ended 26 September 2010 from £13.8m previously. Revenue slipped to £92.9m from £96.4m. Internet payments i
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
19th Jul 2010 07:16
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0616 GMT [Dow Jones] UBS upgrades PayPoint (PAY.LN) to buy from neutral and lifts the price target 410p from 275p after the
Read moreMARKET TALK: UBS Upgrades PayPoint To Buy From Neutral
19th Jul 2010 07:16
0616 GMT [Dow Jones] UBS upgrades PayPoint (PAY.LN) to buy from neutral and lifts the price target 410p from 275p after the National Lottery Commission provisionally denied Camelot the permission to branch out into bill payments and mobile top-ups. That would have been a substantial threat to PayPo
Read moreASOS boss raises £15m from share sale
14th Jul 2010 16:36
Nick Robertson, the founder and chief executive of online fashion retailer ASOS, has raised just short of £15m from a share sale immediately after a first quarter trading update. Robertson sold just over 1.68m shares at 890p each. Prior to the start of the day that was near to the all-time high fo
Read moreMARKET TALK: UBS Cuts PayPoint Price Target; Keeps At Neutral
5th Jul 2010 10:18
0918 GMT [Dow Jones] UBS cuts PayPoint (PAY.LN) target to 275p from 340p. Expects the shares to fall further if Camelot is allowed to enter the payment processing market by the Lottery Commission. The brokerage's bearish scenario suggests that PayPoint could see 44% lower earnings if Camelot enters
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
5th Jul 2010 10:18
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0918 GMT [Dow Jones] UBS cuts PayPoint (PAY.LN) target to 275p from 340p. Expects the shares to fall further if Camelot i
Read moreNew World non-exec cuts holding
15th Jun 2010 16:52
New World Resources non-executive director Barry Rourke has sold shares in the European coal miner less than one month after acquiring shares at a higher price. Rourke sold 30,000 A shares at 736.8p a share, which leaves him with 55,843 A shares. The sale raised £221,000. On 21 May, Rourke acqui
Read moreFormer UKFI boss buys Lloyds shares
23rd Mar 2010 16:38
Glen Moreno has bought his first shares in Lloyds Banking Group since he was appointed senior independent non-executive director of the company on 1 March. He has bought 50,000 ADRs, which is the equivalent of 200,000 shares, at $3.69 each. That is equivalent to just over 61p a share, making the c
Read morePayPoint completes Verrus acquisition
9th Mar 2010 08:35
Payment services provider PayPoint has completed the acquisition of Verrus, a specialist in enabling drivers to pay their car parking charges by phone. The £25m acquisition, which was announced on Thursday 4 March, was hailed as a ‘key development in our strategy of broadening our payment services
Read morePayPoint says trading is 'satisfactory'
21st Jan 2010 07:50
Payment services group PayPoint reported a 3% rise in revenues and said trading has been 'satisfactory'. Net revenues for the period from 28 September to 27 December were up 3% to £21m as a result of growth in bill payment, internet and other income. Earnings before tax and interest for the perio
Read moreFriday tips round-up: National Grid, Unite, BG
20th Nov 2009 06:36
National Grid prides itself on a highly risk-averse business model, and yesterday's half-year results go some way to vindicating the strategy. And there is plenty more to come. The integration of the $12bn purchase of KeySpan in 2007 is not yet complete but is on track for $200m-worth of annual sav
Read moreLondon close: Footsie ends weakly
19th Nov 2009 16:46
Footsie turned sharply lower at the close after a very poor start on Wall Street with the Dow down by more than 150 points in the first few hours. Miners bore the brunt of the selling with Antofagasta, Anglo American, Xstrata, Randgold Resources, Rio Tinto and Vedanta all lower. Platinum refiner J
Read moreLondon afternoon: Footsie stuck in the red
19th Nov 2009 14:06
Footsie is bumbling along close to its low for the day ahead of what is expected to be a weak start on Wall Street. Futures point to falls of anything between 50-70 points for the Dow when US trading starts, with weak metal prices likely to be a key theme. Here, lower metals have already hit the
Read moreLondon noon: Miners drag Footsie down
19th Nov 2009 12:00
Barely a fifth of the FTSE 100 constituents are in positive territory, but the fall on the blue-chip index is still modest, given the weakness of miners. With metals prices softening, the likes of Antofagasta, Anglo American, Xstrata, Randgold Resources, Rio Tinto and Vedanta are on the slide, as i
Read more