Parkmead recieves loan to fund acquisition
15th Nov 2011 13:23
Parkmead, an independent oil and gas company, has completed an agreement with XTO UK to acquire a 15% interest in a number of blocks in the North Sea. The blocks, namely 48/1a, 47/5b and 48/1c, contain the Platypus gas field and the Possum gas prospect. The firm has been loaned £8m by Tom Cross,
Read moreResource stocks dominate the list of winners
24th Dec 2010 20:20
In the unlikely event that a family member will buy you a TARDIS or some other time travelling device for Christmas, here is an overview of stocks that you should have bought at the end of 2009. Oil and gas-focused investor and adviser Parkmead Group put in a late spurt to claim the title of best p
Read moreDana chief to chair Parkmead
20th Oct 2010 08:09
Dana Petroleum's founder and chief executive Tom Cross is taking over as executive chairman at oil and gas-focused investor and adviser Parkmead Group. Cross, who tried unsuccessfully to fend off the recent £1.7bn bid from Korea's KNOC, will replace non-executive chairman and former BP man Colin Go
Read moreLondon close: Late rally trims losses
23rd Sep 2010 16:40
London staged a last hour rally but didn't rise by enough to eliminate losses sparked by a weak start on Wall Street. News that Brazilian oil company Petrobas will launch a world record $78bn rights issue helped other oil companies. BP, Shell and Cairn all picked up near the close. Expectation t
Read moreLondon afternoon: US shadow increases London gloom
23rd Sep 2010 14:24
Expectations of a weak start on Wall Street, after poor US jobless data, sent London lower still over the lunch time session, with banks and miners continuing to feature prominently among the blue-chip fallers. Lloyds and Standard Chartered are the worst performing banking stocks as worries resur
Read moreParkmead cuts loss
23rd Sep 2010 13:33
Oil and gas-focused investor and adviser Parkmead Group has been transformed by the November 2009 purchase of energy sector consultancy Aupec. Cost savings have been made by moving the Parkmead operations into Aupec's Aberdeen office and Aupec has also boosted group revenues. Aupec, was a spin o
Read moreSmall caps round-up: Lees, Pubs 'n' Bars, Parity...
4th Dec 2009 08:14
Scottish cake and sweet maker Lees Foods has reached an 'amicable settlement' with the former directors of Patisserie UK after a dispute over the disappointing performance of the pastry supplier following its acquisition by Lees. Under the terms of the settlement, Lees will receive about £225,000,
Read moreParkmead men buy 10m shares each
22nd Jun 2009 16:57
There's been heavy buying of investment company Parkmead recently, with bosses keen to snap up stock near historic lows. Non-executive chairman Colin Goodall and non-executive director Thomas Cross both bought 10m shares at 1p each. The £100,000 purchases take former BP man Goodall's stake to 12m
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