Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksALM.L Share News (ALM)

  • There is currently no data for ALM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Stocks end higher despite negative services data

Mon, 05th Oct 2015 16:03

(ShareCast News) - UK stocks gained as the market proved resilient against a batch of negative services data on hopes the Federal Reserve will keep interest rates unchanged for longer.The Markit/CIPS UK services purchasing managers' index fell to 53.3 in September from 55.6 in August, compared to analysts' estimates for a reading of 56. While it remained above the 50 level that separates expansion from contraction, it marked the third month of declines and the weakest rate of growth since April 2013."While the weak tone of the Markit/CIPS services survey in September brought more evidence of a soft end to the third quarter, we doubt that the economy is on the cusp of a renewed slowdown," according to Capital Economics.In the Eurozone, the final Markit PMI composite output index fell from 54.3 to 53.6 in September, below the 'flash' estimate of 53.9 posted last month, as the average rate of expansion failed to pick up pace in the third quarter.Eurozone retail sales were unchanged in August, according to Eurostat, compared with analysts' expectations for a 0.1% decline month-on-month, while July's rate was revised up from 0.4% to 0.6%.Elsewhere in the euro-area, Greece was set to unveil a 2016 draft to satisfy international creditors. In July Greece agreed with its creditors to implement spending cuts and economic reforms in exchange for an €86bn bailout.Across the Atlantic, the Institute for Supply Management revealed its services index declined from 59.0 in August to 56.9 last month, falling below the 57.5 reading analysts had expected.Separately, the seasonally adjusted Markit US services PMI fell from 56.1 to 55.1 compared with the 55.6 flash estimate published last week.The weak data follow's last Friday's worse-than-forecast US non-farm payrolls, which pushed back expectations for an interest rate hike."With inconclusive economic data in recent weeks, the Fed is now split on the timing of an interest rate rise," said Dennis de Jong, managing director at UFX.com. "That situation is unlikely to change in response to today's non-manufacturing figures, which aren't strong enough to sway Janet Yellen and Co. towards a clear decision."Among corporate stocks, Glencore surged on reports the struggling mining company is in talks to sell its agricultural business. Singapore´s sovereign wealth fund, Japanese trading house Mitsui & Co. and a Canadian pension fund are among the parties who had expressed an interest in the unit, Bloomberg reported. In another boost to the stock, head of Glencore Ivan Glasenberg on Monday said he believes copper prices should rise as more companies cut back mine production, Bloomberg reported.Lloyds Banking Group rallied on news the government will start offering portions of its stake in the lender to private investors in spring 2016.Oil producers including Royal Dutch Shell, BP and BG Group, jumped as Brent and West Texas Intermediate crude rose 3.2% to $49.77 per barrel and 2.6% to $46.79 per barrel, respectively. "Oil has jumped as tension in the Middle East are rising as Russia is backing the President in Syria. As the violence continues oil will keep climbing higher," said IG analyst David Madden. Russia's oil minister Alexander Novak on Saturday said the nation is ready to meet with OPEC to discuss the situation facing oil producers.Rolls Royce advanced after announcing plans to cut another 400 jobs in its marine business on top of the 600 job cuts already announced in MayKaz Minerals shot higher as copper prices added 1% either side of the Pond.Allied Minds posted healthy gains after saying its subsidiary, Precision Biopsy, has raised $33.6m to accelerate the commercial expansion of its ClariCore biopsy system.Playtech was the standout loser after the company said it has received a letter from the Central Bank of Ireland opposing the proposed takeover of Ava Trade. Market MoverstechMARK 3,079.94 +2.06%FTSE 100 6,287.73 +2.57%FTSE 250 17,096.93 +1.79%FTSE 100 - RisersGlencore (GLEN) 110.90p +16.74%Standard Chartered (STAN) 706.40p +5.95%Antofagasta (ANTO) 536.50p +5.30%Aberdeen Asset Management (ADN) 322.20p +5.12%Royal Dutch Shell 'A' (RDSA) 1,686.00p +4.85%Royal Dutch Shell 'B' (RDSB) 1,700.50p +4.84%St James's Place (STJ) 897.50p +4.73%Anglo American (AAL) 579.40p +4.66%BG Group (BG.) 1,033.00p +4.58%BP (BP.) 367.00p +4.42%FTSE 100 - FallersNational Grid (NG.) 931.40p -0.06%FTSE 250 - RisersKaz Minerals (KAZ) 104.20p +13.57%Premier Oil (PMO) 78.75p +11.86%AL Noor Hospitals Group (ANH) 933.00p +9.25%Petra Diamonds Ltd.(DI) (PDL) 94.00p +8.48%Tullow Oil (TLW) 208.50p +8.14%Petrofac Ltd. (PFC) 792.50p +6.81%Weir Group (WEIR) 1,299.00p +6.13%Aggreko (AGK) 1,017.00p +5.55%Cairn Energy (CNE) 154.80p +5.23%Ashmore Group (ASHM) 267.80p +5.23%FTSE 250 - FallersPlaytech (PTEC) 807.50p -2.48%Tate & Lyle (TATE) 580.50p -1.28%Clarkson (CKN) 2,258.00p -1.01%Bank of Georgia Holdings (BGEO) 1,813.00p -0.82%Nostrum Oil & Gas (NOG) 523.00p -0.76%Ted Baker (TED) 3,266.00p -0.73%B&M European Value Retail S.A. (DI) (BME) 334.50p -0.71%Telecom Plus (TEP) 1,083.00p -0.64%Acacia Mining (ACA) 261.60p -0.57%Dignity (DTY) 2,391.00p -0.46%FTSE TechMARK - RisersOxford Instruments (OXIG) 604.50p +6.71%Filtronic (FTC) 6.88p +5.77%E2V Technologies (E2V) 233.50p +3.09%XP Power Ltd. (DI) (XPP) 1,662.00p +2.28%KCOM Group (KCOM) 91.50p +1.10%Spirent Communications (SPT) 76.25p +0.99%Ricardo (RCDO) 893.50p +0.96%Gresham Computing (GHT) 110.00p +0.92%Innovation Group (TIG) 39.50p +0.64%Consort Medical (CSRT) 933.00p +0.48%FTSE TechMARK - FallersTriad Group (TRD) 31.00p -3.12%RM (RM.) 162.25p -2.84%Oxford Biomedica (OXB) 7.75p -1.77%Dialight (DIA) 664.50p -1.63%BATM Advanced Communications Ltd. (BVC) 19.75p -1.25%IShares Euro Gov Bond 7-10YR UCITS ETF (IEGM) € 203.50 -0.27%NCC Group (NCC) 276.75p -0.27%Sepura (SEPU) 173.75p -0.14%Skyepharma (SKP) 344.75p -0.07%
More News
2 Nov 2022 14:39

IN BRIEF: Allied Minds shareholders vote to de-list at end of November

Allied Minds PLC - Boston, Massachusetts-based firm based IP commercialisation firm - Shareholders at general meeting on Wednesday approve plan to de-list from the London Stock Exchange by 97% of votes cast. Allied Minds had proposed the de-listing back in August, saying the costs of the listing are "prohibitively high" relative to the company's size. Allied Minds expects the last day for the trading of its shares will be on Tuesday, November 29, with de-listing the following day. "We believe this is the right step for Allied Minds at this stage as we look to realise value from the remaining portfolio of investments," says Interim Chair Bruce Failing.

Read more
31 Oct 2022 15:23

Director dealings: Allied Minds non-exec buys 0.5m shares

(Sharecast News) - Intellectual property commercialisation company Allied Minds was in the green on Monday afternoon, after one of its non-executive directors bought almost half a million shares.

Read more
25 Oct 2022 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 26 October 
JPMorgan Global Growth & Income PLCAGM
KCR Residential REIT PLCAGM
International Consolidated Airlines Group SAEGM aircraft purchase
Mid Wynd International Investment Trust PLCAGM
Mirada PLCAGM
Omega Diagnostics Group PLCAGM
Thursday 27 October 
Alumasc Group PLCAGM
Anglesey Mining PLCAGM
Brooks Macdonald Group PLCAGM
City Of London Investment Trust PLCAGM
Filtronic PLCAGM
Hargreaves Services PLCAGM
National Milk Records PLCAGM
Ovoca Bio PLCAGM
PCI-PAL PLCAGM
Provexis PLCAGM
Real Good Food PLCAGM
South32 LtdAGM
TheWorks.co.uk PLCAGM
TruSpine Technologies PLCAGM
Tufton Oceanic Assets LtdAGM
Wesfarmers LtdAGM
Friday 28 October 
ITM Power PLCAGM
Kibo Energy PLCAGM
Mattioli Woods PLCAGM
Shepherd Neame LtdAGM
Tirupati Graphite PLCAGM
The Investment Co PLCAGM
Monday 31 October 
Aberforth Split Level Income Trust PLCAGM
B&M European Value Retail SAGM appointment of directors
Brown Advisory US Smaller Cos PLCAGM
City of London Investment Group PLCAGM
GSTechnologies LtdAGM
London Finance & Investment Group PLCAGM
M&C Saatchi PLCGM re takeover offer from Next Fifteen Communications
Springfield Properties PLCAGM
Superdry PLCAGM
Tavistock Investments PLCAGM
Time Finance PLCAGM
Tuesday 1 November 
Allied Minds PLCGM delisting of shares
Capita PLCGM re disposal of Pay360 Ltd
Countryside Partnerships PLCGM admission of the New Vistry Shares
JPMorgan Mid Cap Investment Trust PLCAGM
KR1 PLCAGM
Ikigai Ventures LtdAGM
Murray Income Trust PLCAGM
OPG Power Ventures PLCAGM
VietNam Holding LtdAGM
Vistry Group PLCGM Countryside acquisition
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
17 Oct 2022 14:54

DIRECTOR DEALINGS: GlobalData CEO Danson sells GBP8 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and last week and not separately reported by Alliance News:

Read more
7 Oct 2022 19:51

TRADING UPDATES: Allied Minds eyes delisting; Tertiary completes sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
30 Sep 2022 12:10

EARNINGS UPDATES: Allied Minds achieves interim revenue jump

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
2 Sep 2022 09:34

Allied Minds repeats mulling delisting to reduce running costs

(Alliance News) - Allied Minds PLC on Friday posted a portfolio update and reiterated that it is considering to delist to reduce running costs.

Read more
24 Aug 2022 12:10

LONDON MARKET MIDDAY: Wait-and-see mode ahead of Jackson Hole

(Alliance News) - London stocks moved lower on Wednesday amid a dearth of corporate news and economic data to trade off, leaving investors bracing for remarks from the head of the US central bank at this week's annual Jackson Hole meeting.

Read more
24 Aug 2022 10:48

SMALL-CAP WINNERS & LOSERS: No respite for Cineworld; Lookers rises

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
24 Aug 2022 10:17

Allied Minds plans to delist from London Stock Exchange; shares slide

(Sharecast News) - Allied Minds shares tumbled on Wednesday after the company - which invests in the tech and life sciences sectors - said it was planning to delist from the London Stock Exchange.

Read more
24 Aug 2022 08:39

LONDON MARKET OPEN: Stocks drift lower ahead of Jackson Hole kick-off

(Alliance News) - The FTSE 100 extended recent losses on Wednesday, with a quiet economic calendar leaving investors focused on the start of the Jackson Hole central banking symposium.

Read more
24 Aug 2022 08:22

Allied Minds shares dive 40% as considers delisting due to high costs

(Alliance News) - Allied Minds PLC on Wednesday said it is considering de-listing its shares due to high costs.

Read more
24 Aug 2022 07:57

LONDON MARKET PRE-OPEN: Allied Minds eyes delisting; Costain profit up

(Alliance News) - The FTSE 100 is set to continue the week's losing streak as investors await the start of the Jackson Hole central banking symposium in Wyoming.

Read more
20 Jul 2022 16:03

UK shareholder meetings calendar - next 7 days

Thursday 21 July  
Big Yellow Group PLCAGM
Evgen Pharma PLCAGM
Experian PLCAGM
Halma PLCAGM
Intermediate Capital Group PLCAGM
Johnson Matthey PLCAGM
Octopus AIM VCT PLCAGM
Pennon Group PLCAGM
Pires Investments PLCGM re offer from Tern PLC
QinetiQ Group PLCAGM
SSE PLCAGM
Tern PLCGM re offer for Pires Investments PLC
Vp PLCAGM
Workspace Group PLCAGM
Zephyr Energy PLCAGM
Friday 22 July  
Chesterfield Resources PLCAGM
Homeserve PLCGM re offer by affiliates of Brookfield Infrastructure Partners LP
JD Sports Fashion PLCAGM
Landore Resources LtdAGM
President Energy PLCAGM
United Utilities Group PLCAGM
WANdisco PLCAGM
Monday 25 July 
BP Marsh & Partners PLCAGM
Keras Resources PLCAGM
Keras Resources PLCGM re share consolidation
Tuesday 26 July 
AO World PLCAGM
Bytes Technology Group PLCAGM
Dekel Agri-Vision PLCAGM
Firering Strategic Minerals PLCAGM
Mitie Group PLCAGM
Momentum Multi-Asset Value Trust PLCAGM
nanosynth group PLCAGM
NewRiver REIT PLCAGM
Ninety One PLC & LtdAGM
OnTheMarket PLCAGM
OptiBiotix Health PLCAGM
Telecom Plus PLCAGM
Vodafone Group PLCAGM
Xeros Technology Group PLCAGM
Wednesday 27 July 
Allied Minds PLCAGM
Caledonia Investments PLCAGM
De La Rue PLCAGM
FirstGroup PLCAGM
James Cropper PLCAGM
JPMorgan Japan Small Cap Growth & Income PLCAGM
Mode Global Holdings PLCAGM
Montanaro UK Smaller Cos Investment Trust PLCAGM
Motorpoint Group PLCAGM
Shield Therapeutics PLCAGM
Tatton Asset Management PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
17 Jun 2022 08:32

Allied Minds on hunt for replacement as Chair Harry Rein steps down

(Alliance News) - Allied Minds PLC on Friday confirmed that Harry Rein has stepped down as chair.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.