London close: Good gains for FTSE 100
7th Feb 2011 16:40
Shares held onto their gains after a decent start on Wall Street to close well in advance of 6,000 points. Gold miner Randgold Resources is wanted after it shrugged off operational and political setbacks in 2010 to post a sharp increase in profit, helped by the increase in the price of gold. Profi
Read moreLondon afternoon: Gains pared
7th Feb 2011 14:19
Leading shares saw gains trimmed over the lunch time session but the Footsie remains comfortably in positive territory, due in no small part to the strength of mining stocks, Gold miner Randgold Resources is wanted after it shrugged off operational and political setbacks in 2010 to post a sharp in
Read moreLondon midday: Miners push FTSE 100 past 6,000
7th Feb 2011 12:04
Strength in the miner sector has helped lift the FTSE 100 well above 6,000 points. Gold miner Randgold Resources as among the best performers after it shrugged off operational and political setbacks in 2010 to post a sharp increase in profit, helped by the increase in the price of gold. Profit befo
Read moreLondon open: Footsie through 6,000 again
7th Feb 2011 08:53
After an uncertain start, Footsie has now pushed on through the 6,000 barrier as miners rally from some early profit taking. Gold miner Randgold Resources shrugged off operational and political setbacks in 2010 to post a sharp increase in profit, helped by the increase in the price of gold. Profi
Read moreSynchronica revenue surges 86%
7th Feb 2011 07:30
Mobile messaging services provider Synchronica said full year revenue surged 86% from the year before after an, 'extremely strong end to the year'. The group, which last week announced the purchase of US firm Neustar for $0.25m, said it produced around $11m in revenue during 2010, up 86% from the 2
Read moreSynchronica buys instant messaging business
2nd Feb 2011 12:59
Mobile messaging solutions provider Synchronica is paying $0.25m for the instant messaging business of US firm Neustar. Synchronica will acquire the Neustar NGM customer base, its patented technology, 11 contracts with Tier-1 and Tier-2 mobile network operators (MNOs) and two contracts with Tier-1
Read moreSynchronica wins Indian handset deal
5th Jan 2011 08:07
Mobile messaging solutions developer Synchronica, which saw its share price more than double in the last month of 2010, was on the move again after winning a contract with an unnamed Indian handset manufacturer. The "top 10" Indian device manufacturer will bundle the white-labelled Synchronica Mobi
Read moreSmall caps round-up: Empyrean Energy, Enegi Oil, Synchronica
23rd Dec 2010 11:15
Shares in Empyrean Energy fell back after the oil firm reported much wider losses for the six months to 30 September amid a busy period focused on three projects in Texas. Pre-tax losses ballooned to £5m from £518,000 in the same period the previous year. Shares in Enegi Oil also fell back, even as
Read moreSmall caps round-up: African Eagle, Xcite, Dunedin Smaller Co's
20th Dec 2010 10:32
African Eagle is up again as a new economic model for the Dutwa nickel project in Tanzania turned out to be a "significant" improvement over the results of the scoping study 18 months ago. Independent Perth based consultant Simulus gives a pre-tax net present value (NPV) of US$650m at a discount ra
Read moreSmall caps round-up: Clyde Process, Hargreaves Services, Synchronica
1st Dec 2010 09:15
Clyde Process has agreed a £33m bid from German group Schenck worth 82.5p per share in cash. "Clyde Process has a strong expertise in air filtration and pneumatic conveying and injection technology that Schenck Process believes will further enhance its own value proposition to its IBS Heavy and IBS
Read moreBroker tips: Diageo, Renold, Synchronica
15th Oct 2010 13:00
Although Diageo released a statement yesterday broadly in line with expectations, the group highlighted a weak consumer environment in Europe, a concern echoed by broking group Killik. The trading update for the premium drinks company revealed a 5% increase in net sales and a 7% rise in net assets
Read moreBroker snap: "Strong strategic value" for Synchronica
15th Oct 2010 12:32
Synchronica is expected to benefit from its recent all-share acquisition of Canadian mobile technology group iseemedia for £5.2m, research firm Equity Development reckons. Equity Development says the UK mobile software developer "has strong strategic value, given the favourable mobile macro trends"
Read moreSynchronica taps into the Indian market
14th Oct 2010 16:06
Mobile messaging solutions developer Synchronica has completed the acquisition of Canadian competitor iseemedia. The group received acceptances for 86% of the ordinary shares and will buy out the remaining shares before 2011. The offer price valued the Canadian group in total at C$8.3m (£5.4m). Th
Read moreLondon close: Thumbs down for company updates
28th Jul 2010 16:36
Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red. Centrica slipped even after the British Gas owner's underlying interim profits jumped 65%. Earnings in the half-year to June rose to £886m from £537m on revenues of £11.7bn, ba
Read moreLondon afternoon: US durable goods blow for equities
28th Jul 2010 14:56
With US markets opening on a weak note leading stocks in London have continued their downward drift. US stocks fell back after US durable goods orders in June fell for a second successive month. June's 1% fall was in contrast to expectations of a rise of similar magnitude. Centrica is in retreat ev
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