FTSE 100 movers: Tullow Oil climbs after unveiling refinancing deal
7th Apr 2014 14:29
Tullow Oil has refinanced its 500m dollar corporate revolving credit facility to boost its balance sheet. The oil and gas company has increased the facility to 750m dollars and extended the tenor to April 2017. Irish building materials group CRH was also making gains today following news that its t
Read moreLondon pre-open: FTSE set for positive start after recent declines
25th Mar 2014 07:42
The City is poised for a modest rise this morning, ignoring a disappointing performance seen in the US and Asia overnight as European investors prepare to weather this current storm of choppy trading. Sources predict the FTSE 100 will open 14 points above yesterday's close of 6,520.39, which Lee M
Read moreLondon close: Strong performance by stocks as Ukraine tensions ease
4th Mar 2014 16:49
- Stocks soar as sentiment improves over Ukraine - Fresnillo dives as Ashtead leads risers - UK construction PMI below forecasts techMARK 2,921.25 +2.42% FTSE 100 6,823.77 +1.72% FTSE 250 16,698.90 +1.98% UK stocks soared back into positive territory in today's session, erasing all of yesterday's
Read moreRM sees cash flows improve, proposes special dividend
3rd Feb 2014 10:33
Education services group RM saw revenues for the full year ended on November 30th, excluding exited businesses, drop by 8.4 per cent. Despite the above, adjusted profits before tax increased by 36% to reach £16.4m, alongside improving cash flows from operations and a large jump in the amount of ca
Read moreFTSE 100 movers: Aberdeen dives after rating downgrade
24th Jan 2014 14:31
Fund manager Aberdeen fell sharply in today's session after receiving a ratings downgrade by Morgan Stanley to 'underweight'. The bank said that a deteriorating fund performance compounds challenging emerging-market fundamentals, 'increasing the risk of negative revisions and a further multiple de-r
Read moreLondon pre-open: Small rise expected on FTSE
24th Jan 2014 07:14
- Modest rise expected on FTSE - Carney and Draghi both due to speak at World Economic Forum - Royal Mail posts two per cent rise in LFL nine month revenue City sources predict the FTSE 100 will open seven points above yesterday's close of 6,773.28, ignoring a weak performance in both Asia and the
Read moreRM hikes dividend as profits grow
8th Jul 2013 07:20
Educational software supplier RM reported improved half year pre-tax profit and lifted its dividend payment but cautioned that the UK education sector is, and will remain, under financial constraint and revenue is expected to decline. Adjusted pre-tax profit rose to £4.9m for the 6 months ended May
Read moreNon-exec at Lancashire Holdings sells quarter of stake
6th Mar 2013 16:11
Non-executive Director Neil McConachie sold 25,000 shares in Lancashire Holdings this week, it was announced Wednesday. Neil McConachie disposed of the shares at 913.00p each for a total of £228,250. The transaction comes two weeks after the insurance group announced that it will return $170m to
Read moreRM results are back in the black
21st Feb 2013 11:48
Shares in RM jumped on Thursday following the company's announcement that it had returned to profit for the year ended November 30th 2012. Despite a decline in revenue and an increase in sales, the group delivered a profit of £8.75m (2011: loss of £23.38m) after reducing its operating and other exp
Read moreTuesday tips round-up: Michael Page International, RM, Quindell
10th Jul 2012 06:56
Questor in the Telegraph is a fan of Quindell, an outsourcing company that cuts costs for the UK's major insurers. Should it meet its full-year guidance - and everything looks well on track for the company to do this - the shares look very cheap, Questor believes. Quindell's software and consultancy
Read moreRM back in the black after sale of assets
9th Jul 2012 15:52
Educational software supplier RM returned to a profit during the half year ended May 31st after being strenghted by a period of review and restructuring. Profit for the six months was £0.6m compared with a loss of £1.8m the same period the previous year, on revenues of £124.7m (2011 H1: £133.0m),
Read moreSmall caps round-up: Sportech, Silverdell, Oxford BioMedica
11th May 2012 12:35
Brooks Pierce, the Executive Director of Sportech, has resigned with immediate effect to 'pursue other business interests'. No replacement has yet been appointed, but the company was keen to announce that it had appointed an executive search business to 'seek suitable candidates to further augment S
Read moreLaura Ashley Deputy Chairman sells 400,000 shares
20th Apr 2012 11:59
David Masters, Deputy Chairman of Laura Ashley, the fashion and homeware retailer, has sold off a chunk of shares at an average price of 23.5p each. Masters, who now holds one million shares, sold 406,250 for a total of £95,469. The sale was made on April 18th, just over a fortnight since the co
Read moreRM boss shows his faith with one million shares
9th Feb 2012 13:40
Martyn Ratcliffe, Executive Chairman of educational software supplier RM, has bumped up his stake in the firm with the purchase of one million shares. Ratcliffe bought the shares, which cost him 75.00p each for a total of £750,000, just three days after the company reported falling revenue and pro
Read moreSmall caps round-up: Richland, Interior Services, Oracle Coal..
6th Feb 2012 10:18
Richland Resources, the gemstone producer and developer, has upgraded the resource estimate for its tanzanite mining operation in Tanzania. The site has a Joint Ore Reserves Committee (JORC) indicated resource of 30.6m carats, JORC inferred resource of 74.4m carats, and a total inferred and indicate
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