Laura Ashley chief exec buys
15th Jan 2010 16:52
Lillian Tan, chief executive of Laura Ashley, has added 150,000 shares to her shareholding taking it to 500,000 shares - equivalent to 0.07%. Tan spent £20,130 on the shares in the clothing and home furnishings retailer, which cost 13.42p each. UK retail sales were 8.8% ahead in the 19 weeks to
Read morePremier agrees farm-in with Serica
5th Jan 2010 07:12
Premier Oil has agreed with Serica Energy that it will farm-in to a 50% equity interest and assume operatorship of Block 22/19c in the UK Central North Sea. Block 22/19c contains the Oates and Bowers Palaeocene prospects. The Oates prospect is an amplitude supported stratigraphic trap, targeting th
Read moreLondon close: Lower finish for FTSE 100
7th Dec 2009 16:59
Footsie staged a recovery after a poor start early on and edged into positive territory in the afternoon but closed slightly lower. Rumours of a windfall tax in Wednesday's pre-Budget report rattled the banks. Royal Bank of Scotland, Lloyds Banking, Barclays and HSBC fell on suggestions that the Ch
Read moreLondon afternoon: Banks slide on tax fears
7th Dec 2009 14:39
Leading shares recouped some of their losses over the lunchtime trading session but the Footsie remains in negative territory, largely due to the weakness of banks and miners. Rumours of a windfall tax in Wednesday's pre-Budget report has rattled the banks. Royal Bank of Scotland, Lloyds Banking, B
Read moreSerica Energy flogs £60m of assets
7th Dec 2009 08:10
Serica Energy is selling some of its assets in Indonesia and all of them in Vietnam to Singapore-based KrisEnergy for $98.6m (£60.1m) in cash. KrisEnergy, a recently formed private exploration and production company, is buying a 25% interest in the Kambuna gas field in Indonesia, a 24.6% interest i
Read moreSerica banks first oil revenues
30th Nov 2009 16:08
Money has started flowing in at Serica Energy as production at the Kambuna gas and oil field kicked in during the third quarter of 2009. Third quarter revenue was $4.17m. Loss before tax in the third quarter was $0.72m versus a loss of $2.5m in the preceding quarter and a profit of $33.4m a year ea
Read moreSalamander field producing again
9th Nov 2009 07:22
Asia focused oil and gas company Salamander Energy said production at its Kambuna field off the coast of North Sumatra has restarted. At present the field is producing at a rate of 10m standard cubit feet per day (scfd) of gas, but this level will be ramped up over the coming weeks. Production at
Read moreSmall caps round-up: Davenham, Desire Petroleum, Central China...
29th Sep 2009 08:45
Asset based lender Davenham tumbled Tuesday after reporting a massive half year lost of £55.4m versus a £12.7m profit in 2008, and plunge in net asset value to £10.9m from £58.2m. The firm, which has struggled during the property slump, took an impairment charge of £49.2m, of which about 84% is lin
Read moreSalamander says gas sales commence from Kambuna
11th Aug 2009 07:49
Upstream oil and gas exploration and production firm Salamander Energy announced that gas sales have commenced from the Kambuna field, offshore North Sumatra, Indonesia. Salamander has a 50% interest in the Kambuna field, with AIM-listed Serica Energy holding the remaining stake. 'As operator, we
Read moreLondon close: Carnival floats higher
19th Jun 2009 17:18
The so-called "triple witching" day, when options, index futures and options on index futures all expire on the same day, passed without the high volatility usually associated with the event. If anything it was a quieter day than usual, with broker comment rather than corporate news flow driving t
Read moreLondon afternoon: Footsie riding high
19th Jun 2009 13:58
London's blue chip index is trading at session highs as investors gear up for a strong start on Wall Street. Insurers remain among the top performers after Deutsche Bank upgraded its price targets for a number of major players in the life assurance sector. Aviva, Friends Provident and Standard L
Read moreLondon midday: Footsie advances on triple witching day
19th Jun 2009 12:12
Footsie looks set to finish a disappointing week on a bright note, an outcome of keen interest to options and futures traders as today is a "triple witching" day when options, index futures and options on index futures all expire on the same day. Insurers lead the advance after Deutsche Bank upgra
Read moreLondon open: Footsie opens higher
19th Jun 2009 08:44
Footsie has started the day with a gentle lift upwards following overnight gains in the US. Housebuilder Taylor Wimpey may increase outlet openings during the second half of the year following continued stability in the UK housing market since April's final results. It leads the FTSE 350 risers and
Read moreLondon pre-open: Early advance expected
19th Jun 2009 07:39
Overnight gains in the US are likely to give London a modest 20-point lead in early deals, according to futures prices. Housebuilder Taylor Wimpey may increase outlet openings during the second half of the year following continued stability in the UK housing market since April’s final results. Its
Read moreSerica awarded two offshore Morocco permits
19th Jun 2009 07:24
Serica Energy said it has been awarded two offshore permits in Morocco. The group has signed agreements to the contiguous areas of Sidi Moussa Offshore and Foum Draa Offshore. The agreements are valid for up to 8 years and cover a total area of approximately 12,700 square kilometres in the sparsel
Read more