Africa-focused oil explorer Ophir Energy saw its share price surge on Thursday after the company announced that it is selling its 20 per cent interest in Tanzanian Blocks 1, 3 and 4 to Pavilion Energy for 1.28bn dollars. [14 Nov '13]
GlaxoSmithKline's sales in China tumbled by 60 per cent in the third quarter, the company revealed on Wednesday, halving the country's contribution to Glaxo's total quarterly pharmaceutical sales in emerging markets when compared with year-ago levels. However, this hides the fact that the firm's operating margins continue to improve, R&D costs continued to decrease and that the company as a whole is slimming down. It is also generating a substantial free cash flow, which will [24 Oct '13]
Banknote printer and ID services group De La Rue plunged after issuing a profit warning on Wednesday, saying that it would miss its full-year operating guidance by 10m pounds as a result of 'challenging trading conditions'.Investec added to further selling pressure today after downgrading its rating for the stock from 'add' to 'hold'. [23 Oct '13]
Satellite and cable technology firm Pace continued to rise strongly for the third straight day after Bloomberg reported that Netflix is in talks to add TV subscription-streaming services to set-top boxes of US cable-TV operators. [16 Oct '13]
Imagination Technologies was topping the leaderboard on Tuesday. The previous day the group announced details of a new chip, based on its version of the MIPS Series 5 architecture. The news has impressed investors because the technology is able to challenge competitors such as ARM. [15 Oct '13]
Progress on Capitol Hill pushed the UK market to its highest level in three weeks on Tuesday morning as investors showed optimism that lawmakers can strike a deal to avert a dreaded default. [15 Oct '13]
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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