Small caps round-up: Kenetics, Regal Petroleum, Valiant Petroleum...
16th Sep 2009 11:50
Rising demand for wireless technology helped antenna supplier Kenetics post a sharp rise in revenues in the six months to June 30. Total sales totalled £570,000, up from £235,000 over the same period the previous year. Pre-tax losses narrowed to £203,000 from £289,000. Higher gas prices helped oil
Read moreWetherspoon chief exec offloads shares
16th Jul 2009 14:42
John Hutson, chief executive of the pub group JD Wetherspoon, has nearly halved his stake in the pub group, walking away with more than £200,000. He sold 50,000 shares at about 433.1p a time and now has just less than 55,500. Separately, Hutson exercised options over about 73,000 shares, paying be
Read moreLondon close: Footsie ends down
12th Jun 2009 16:34
London's top stocks have finished slightly lower despite a late flurry as a lacklustre start on Wall Street kept stocks down. Indian refiner and miner Vedanta led the mining sector lower after saying it is to raise $1bn through an issue of convertible bonds, though major shareholder Volcan has decl
Read moreLondon afternoon: Stocks still in the red
12th Jun 2009 15:08
London's top stocks are still in the red, with a lower start on Wall Street adding to the earlier pressures. Indian refiner and miner Vedanta leads the mining sector lower after saying it is to raise $1bn through an issue of convertible bonds, though major shareholder Volcan has declined to take p
Read moreLondon midday: Footsie slips back
12th Jun 2009 12:33
Footsie sits slightly in the red on a quiet day on the company news front, with miners falling back in line with metals prices. Indian refiner and miner Vedanta leads the mining sector lower after saying it is to raise $1bn through an issue of convertible bonds, though major shareholder Volcan has
Read moreLondon open: Footsie starts quietly
12th Jun 2009 08:47
Footsie has opened broadly unchanged on a quiet day on the company news front going into the weekend. Barclays has sold its fund management arm, Barclays Global Investors, to US asset manager BlackRock for £8.1bn ($13.5bn). BlackRock will pay $6.6bn in cash and the rest in shares for the unit which
Read moreLondon pre-open: Flat start expected
12th Jun 2009 07:50
Footsie is expected to open broadly unchanged on a quiet day on the company news front going into the weekend. Shareholders at private equity group 3i have taken up 96.5% of the shares offered to them as part of the company's £700m rights issue. The firm said it had received valid acceptances in re
Read moreRegal Petroleum raising $100m
12th Jun 2009 07:15
Regal Petroleum is raising about $100m (£60.4m) via a pacing with new and existing institutional shareholders to fund development of its gas and condensate fields in Ukraine. The money is being raised via an accelerated book-building process run by Merrill Lynch, the price of which will be agreed a
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