Director sells an ARM and a leg worth of shares
27th Feb 2012 15:59
Mike Inglis, the Executive Vice President and General Manager of the Processor Division of ARM, the FTSE 100 chip designer, has sold more than half his stake in the firm. Inglis, who took up his role in July 2008, sold 291,651 at 562.25p each for a total of £1,639,808, taking his total number of s
Read moreAlumasc CEO builds stake as shares tank
16th Feb 2012 15:44
Paul Hooper, group Chief Executive at Alumasc, a building and engineering products company, has acquired over 37,000 shares in the firm on the same day the firm admitted that full year results will be materially below previous expectations. The company attributed this to margin pressures had overs
Read moreSound Oil subsidiary awarded permit
29th Sep 2011 09:00
Oil and gas firm Sound Oil's wholly owned subsidiary, Apennine Energy, has been awarded the Costa Del Sole Permit off the coast of Sicily. The permit includes the Manfria-1bis oil discovery, which flowed at a rate of 150 barrels of oil per day and produced a cumulative 6,000 barrels during testing.
Read moreEXPANSYS bosses buy into rally
27th Jul 2011 15:45
Directors at EXPANSYS have been clubbing together to buy big stakes in the ailing online smartphone retailer, taking advantage of a continuing rally. Bob Wigley took the biggest stake, taking about 6.6m shares at 1.49p a time and lifting his stake to 8.4m shares, about 0.73% of the company. Brian C
Read moreLondon midday: Stocks fight back but stay lower
25th Jul 2011 12:07
London's leading share index has recovered from this morning's poor start, but remains a few points in the red. Today's most notable recovery has come from FTSE 250-listed Domino's Pizza. The pizza deliverer's shares fell this morning after it posted a rise in first half profits amid a tough climat
Read moreMarciano well in Italy not commercial, says Sound Oil
25th Jul 2011 11:10
Oil and gas explorer Sound Oil said a reservoir engineering report showed that the initial gas in place in its fully-owned Marciano-1 St well in Italy is insufficient for commercial production, wiping off more than a quarter of its market value. The Italy- and Indonesia-focused company said the pre
Read moreLondon close: FTSE 100 outshines overseas stocks
6th Jun 2011 16:38
London's leading share index was an island of blue in a sea of red Monday after the IMF's endorsement of the government's deficit-cutting programme. The soft housing market and the effects of fiscal consolidation will continue to weigh on UK growth after a flat 6 months to 31 March, the IMF predict
Read moreLondon midday: FTSE 100 limps towards the blue
6th Jun 2011 12:01
The top share index is struggling to haul itself into positive territory having fallen back in early dealings. Spirits brands owner Diageo is set to acquire SABMiller's stake in a Kenyan brewery firm for around £140m. Through its subsidiary East African Breweries Limited (EABL), Diageo - famous for
Read moreItalian advance boosts Sound Oil
6th Jun 2011 10:43
Shares in Sound Oil gushed ahead after it reported that a completion operation at its Marciano-1ST Well in southern Italy had begun. Sound will perforate two potential gas-bearing zones at the well. Work is expected to take two days to complete, it said. "We are pleased to be starting operations o
Read moreSound Oil's losses widen after write down
25th May 2011 15:23
Italy- and Indonesia-focused oil and gas group Sound Oil has hailed its most successful year since formation despite significantly widening its losses in the 12 months ended 31 December.. Pre-tax losses surged to £16.0m, from just £2.6m previously, driven by a £14.2m loss on the disposal of its far
Read moreLondon close: Market closes at low for the day
16th Mar 2011 17:07
An attempt at an early afternoon rally was short-lived and Footsie ended at its low for the day as investors continue to worry about the situation in Japan and sovereign debt in Europe after the downgrade of Portugal's debt by ratings agency Moody's. A sharp fall on Wall Street did not help sentime
Read moreLondon afternoon: Stocks pare losses
16th Mar 2011 14:06
Stocks pared losses over the lunch time session leaving the overall picture looking mixed, though the Footsie is slightly easier on balance, as investors continue to fret about the fall-out from the Japanese disaster, while sovereign debt concerns in Europe have been revived by the downgrade of Port
Read moreSmall caps round-up: Bahamas Petroleum, Forte Energy, Sound Oil
16th Mar 2011 08:04
Oil and gas exploration company Bahamas Petroleum is to raise in the region of £45.6m through a placing of shares at 18.75p each. The company said 110m new shares have definitely been placed, while a further 133.1m have been conditionally placed. The funds will be used to speed up the company's exp
Read moreSmall caps round-up: Deltex Medical, Monitise, Avesco...
13th Jan 2011 13:28
Shares in Deltex Medical, which makes technology to measure blood flow in patients undergoing surgery, climbed after it said sales for 2010 are expected to have exceeded £6.25m. Sales increased in all key markets, the company said. Monitise continues to benefit from the increasing trend of shoppers
Read moreSound Oil diversifies into Italy
15th Dec 2010 14:56
Sound Oil is raising £3.7m in order to help to finance the acquisition of 96% of Consul Oil & Gas, which has oil exploration licences in Italy. AIM-quoted Sound is paying £4.62m in cash and shares for 96% of Consul - £1.39m in cash and the rest in shares at 1.2p each. The other 4% of Consul will
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