Small caps round-up: Avocet Mining, Panmure, Evolve Capital...
29th Sep 2010 14:57
Avocet Mining is on the up again after increasing new proven and probable ore reserve at the Inata gold mine in Burkina Faso and a mine life extended to 2018 at an average annual production of 120,000 ounces. The new mineral reserve of 16.3m tonnes grading 2.06 grammes per tonne for 1.08m ounces o
Read moreEvolution ponders Panmure bid
23rd Sep 2010 17:03
Broker and fund manager Evolution Group says that it is considering a bid for AIM-quoted broker Panmure Gordon. Evolution says that a Panmure offer is one of a number of options under consideration. No formal discussions have taken place with Panmure. Evolution says it is waiting to assess Panmu
Read morePanmure Gordon making progress
24th May 2010 15:16
Panmure Gordon's chairman, Simon Heale, said at the stockbroking firm's annual general meeting on Monday that the "business is making progress against a background of volatile markets and a challenging economic backdrop," and indicated that the second half of the year would be stronger than the firs
Read moreSmall caps round-up: S& U Stores, Panmure Gordon, Silanis ...
24th Mar 2010 14:29
Retail lender S&U Stores upped profits by 9% to £9m last year, as debt quality improved in a 'rigorous underwriting and tight cost control against a background of customer caution'. Revenues were flat at £454.8m. Sales in both divisions rose in the second half of the year, as home credit enjoyed a
Read moreLondon close: Miners pull index lower
11th Mar 2010 17:02
London bounced off 5,600 despite a weak start on Wall Street but still closed in the red on a poor day for miners. Falling commodity prices and China inflation concerns prompted profit taking in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata. Speculation rose that Chin
Read moreLondon afternoon: Footsie holds above 5,600
11th Mar 2010 14:32
A steady decline continued through lunch, but London bounced off 5,600 despite a weak start on Wall Street as mining sector losses narrowed very slightly. Falling commodity prices have damaged miners Thursday. Investors decided to take profits in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP
Read moreLondon midday: Thos. Cook a ray of sunshine
11th Mar 2010 12:08
The Footsie has drifted into the red, weighed down by the weakness of mining stocks. Among the miners Fresnillo, Randgold Resources, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata are all on offer, as metals prices retreat. Smith & Nephew is under the weather after coming out on the wrong
Read moreSmall caps round-up: Real Good Food, Griffin Mining, Probability...
26th Jan 2010 08:08
Orders from big name customers such as Marks and Spencer's and Costa Coffee has been keeping ingredients and bakery products supplier The Real Good Food Company busy. The firm has reduced bank borrowings from £29.1m to £21.3m and improved its sales performance. Strong sales have also been aided by
Read moreLondon close: Dull day for blue chips
30th Dec 2009 16:44
Footsie closed near its low for the day after banks and miners turned down on very low volumes ahead of a short day's trading tomorrow. A flat start on Wall Street didn't help, but it was Royal Bank of Scotland, Barclays and Standard Chartered that led the the banks down while miners Fresnillo, Rio
Read moreLondon midday: Stocks slip lower
30th Dec 2009 11:43
Tops stocks are lower with two of the bigger sectors of the market weighing. Royal Bank of Scotland, Barclays and Standard Chartered are down amongst the banks while miners Fresnillo, Rio Tinto, Lonmin and Anglo American also fall. Petrofac, the oil services firm, is outperforming after news of
Read moreLondon open: Very quiet start
30th Dec 2009 09:03
There is very little movement so far this morning among London's blue chips despite a dip overnight in Asia as investors fretted about metal prices. Oil shares in contrast are strong this morning as the price of crude rose to $79 on the prospect of a very cold US winter and rising longer term deman
Read morePanmure Gordon eyes US recovery
30th Dec 2009 08:59
Stockbroker Panmure Gordon is looking to hire again in the US adding that momentum built up in equity markets towards the end of 2009 has continued. "In the US, business conditions have remained difficult. We are now seeing signs of an improvement. ThinkEquity is well placed to benefit from a recov
Read moreBritvic directors cash in
2nd Dec 2009 16:32
Fizzy drinks maker Britvic's chief executive and finance director have taken up shares and sold the share options for a second day running. The latest sales are of shares acquired under the Britvic Performance Share Plan at no cost. Chief executive Paul Moody was awarded 84,694 shares and sold 34,
Read moreMonday newspaper round-up: Cadbury, RBS/Lloyds, Vodafone
9th Nov 2009 06:18
Kraft, the American food company, is poised to initiate a hostile takeover bid for Cadbury today at or slightly above the offer it made in September, which valued the British confectioner at £10.2bn, according to a person familiar with the deal. Last night Kraft was finalising plans to go directly
Read morePanmure Gordon's boss Caplin resigns
30th Sep 2009 08:51
Stockbroker Panmure Gordon today confirmed non-executive chairman Tony Caplin has resigned to pursue other business interests. Panmure's board will start a formal process to appoint a new non-executive chairman. In the meantime Simon Heale, an existing non-executive director, will assume the role
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