Sector movers: Electricity, utility stocks gain as risk appetite falls
7th Apr 2014 15:27
Just two sectors - electricity and utilities - were trading in positive territory on Monday as investors sought out 'safer' defensive stocks in the face of a wider market sell-off. Defensives sectors are those which have a low correlation to economic activity and generally perform well in times of
Read moreNorthern Petroleum Chief makes modest investment
3rd Feb 2014 16:59
Northern Petroleum on Monday announced that its Chief Executive Officer, Keith Bush, had the same day purchased 85,000 ordinary shares. Costing 31.18p each, Bush spent a total of £26,503 on the shares. The purchase marks his only holding in the group. Meanwhile, fellow board member, Stewart Gibs
Read moreRurelec non-exec nearly doubles stake, Alent's Larsberg continues to build stake
25th Nov 2013 16:14
Rurelec, which owns, operates and develops power generation capacity internationally, announced on Monday that at the end of last week Larry Coben, an independent Non-Executive Director, purchased 400,000 ordinary shares in the group at 13.25p each. The £53,000 purchase takes Coben's stake in the
Read moreAnite directors stock up after profit warning
31st Oct 2013 16:22
Directors at Anite made a round of share purchases on Wednesday, the biggest of which was made by Chairman Clay Brendish and Non-Executive David Hurst-Brown. Brenish acquired 28,250 shares at 91.00p, costing him a total of £25,708, while Hurst-Brown bought up 50,000 shares at 89.50p for a total of
Read moreRurelec achieves financial closure of Peruvian hydroelectric project
17th Jun 2013 10:07
Rurelec, the AIM-listed independent power producer with operations in Latin America, has achieved financial closure of its Canchayllo hydroelectric project in Peru. The Canchayllo project was financed by Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank
Read moreIPSA to sell turbines to power operator Rurelec
10th Jun 2013 08:28
IPSA Group, the AIM-listed owner and operator of power generation capacity in southern Africa has agreed to the conditional sale of two Siemens Westinghouse 701 DU turbines to Rurelec. IPSA said that Rurelec, an operator of power generation assets in Latin America also listed on AIM, would pay a to
Read moreRurelec welcomes final leg of arbitration process against Bolivia
2nd Apr 2013 13:14
Rurelec, an electricity utility which owns and operates power generation capacity in Latin America, has begun the final hearing of its ongoing arbitration against the Plurinational State of Bolivia. The arbitration is to decide on the value of the compensation that is due to the company for the ex
Read moreLo-Q Chairman adds to stake, out-going Burberry CFO sells up
15th Feb 2013 08:43
The non-executive Chairman of Lo-Q, the AIM-listed technology solutions provider, purchased a chunk of shares in the group on Thursday. In an announcement that came after Thursday's close, it was revealed the Chairman had bought himself £174,400-worth of shares just two days after the company poste
Read moreRurelec rises on Chilean power firm deal
9th Jan 2013 09:12
Latin America power generation company Rurelec rose strongly after it announced a deal to buy a 50 per cent stake in a Chilean firm. The company has agreed terms with Independent Power Corporation (IPC) to acquire its interest in Central Illapa. The Chilean project company is developing a 250 MW o
Read moreSmall caps round-up: Games Workshop, Record, ITM ...
20th Apr 2012 09:36
Miniature table-top war games firm Games Workshop said trading in the four months to the beginning of April has been broadly in line with the board's expectations. Specialist currency manager Record has posted assets under management equivalents of $30.9bn (£19.3bn) at March 31st, up from $25.4bn (
Read moreRurelec gets 142m dollar valuation on Bolivian assets
2nd Mar 2012 11:15
Power generation company Rurelec says independent experts have valued its former assets in Bolivia at 142.2m dollar - the news comes as the company prepares for arbitration following a nationalisation programme in the Latin American country. Rurelec has now submitted the figure as part of its claim
Read moreKate Swann buys first Babcock stake
14th Jun 2011 15:45
Kate Swann, the chief executive of newsagent chain WH Smith, has opened her account at Babcock International soon after joining the board of the engineering support services company. She spent nearly £35,000, taking 5,000 shares at 688p a time. Ahead of Swann's appointment, Babcock chairman Mike T
Read moreEarl buys Rurelec shares ahead of compensation claim
16th Nov 2010 16:42
Rurelec managing director Peter Earl has invested nearly £29,000 in the Latin American power plants developer and operator which is seeking compensation for the nationalisation of its Bolivian assets. Earl has bought 250,000 shares at 11.5p each. These are all the shares he owns in Rurelec. Earl s
Read moreLondon close: Footsie makes round trip
14th Sep 2010 16:52
Footsie finished the day as it started it, marginally in positive territory, but for much of the day it languished in the red, as investors turned their attention to gold. The most actively traded contract in the yellow stuff has risen to a record high of $1,269.50 an ounce in New York trading, as
Read moreSmall caps round-up: Billington, Blackrock Commodities, CBG ...
14th Sep 2010 14:51
Structural steel supplier Billington has reported a sharp fall in profit in the first half of 2010 but this is in line with its expectations at the time of the 2009 figures. Revenues fell from £29.7m to £21.3m in the six months to June 2010, while pre-tax profit slumped from £2.62m to £1.09m. Net ca
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