Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAtlantic Coal Share News (ATC)

  • There is currently no data for ATC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London afternoon: Shares stuck lower as Japan casts shadow

Mon, 14th Mar 2011 14:57

London's blue chips have turned lower again following falls on Wall Street as traders continue to mull the possible effects of the Japanese earthquake.Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggreko, which may find its services called upon extensively in the aftermath of the Japanese earthquake. But Burberry is lower. The luxury goods supplier has big exposure in Japan.Insurers are mixed. A second explosion occurred at Japan's Fukushima Dai-ichi nuclear plant on Monday following a blast on Saturday. The blast occurred at the plant's No. 3 reactor building, according to Tokyo Electric Power, the operator. The power company said the reactor's protective containment shell remained intact after the blast. An explosion similar in nature destroyed the plant's No.1 reactor on Saturday.London-based underwriter Chaucer says it does not expect any significant losses from the problems afflicting three nuclear plants shut down in the North-East of Japan, but cannot yet quantify its other exposure.The statement has prevented the company's share price from suffering the severe mark down that has affected fellow underwriters Catlin and Beazley. Elsewhere in the insurance sector Aviva and RSA Insurance are both off the pace. The dangers associated with nuclear power stations seems to have persuaded the market to reassess the merits of coal fired power stations, judging by the demand for shares in power station operator Drax Group. Housebuilder Bovis Homes didn't disappoint with full-year results towards the top end of forecasts, a first dividend since 2008, and an "encouraging" start to the current year. It made a pre-tax profit of £18.5m, up from £7.5m in 2009, driven by higher volumes, price increases and cost cutting. Revenue rose to £298.6m from £281.5m last time. Troubled sportswear retailer JJB Sports has responded to press speculation about its fund raising plans, and said the company expects its impending share placing will raise around £65m.Shares of care homes operator Southern Cross Healthcare sank over 60% after it walked away from offer talks and warned that it had seen a decline in its trading outlook since February 2011. The group also said its lenders are aware of an impending banking covenant breach but remain fully supportive of the actions which the company is taking to address its problems. GGG Resources, the miner quoted on London's AIM and the Australian stock exchange (ASX), is to make a takeover offer for ASX-listed mineral exploration outfit Auzex Resources, the company with which is shares ownership of the Bullabulling gold project. GGG is offering seven of its shares for every five Auzex shares held in a deal that values Auzex at about A$94.9m.Cash-strapped outsourced fire services provider AssetCo has rejected an "opportunistic" approach from a third party interested in taking over the company. The company announced it has entered into a short-term loan facility of £1.45m with its principle banker to meet certain critical payments that need to be made before it received the funds from its proposed £16m placing.Pennsylvania-focused coal miner Atlantic Coal has secured an option to buy a 158 acre anthracite mining property near to its existing assets in the state. "We have been actively looking to expand our portfolio in the Pennsylvanian Anthracite Field, where our Stockton mine is located, and we believe this asset, with the right investment, has the potential to add value going forward as it could significantly increase our coal resources," said Atlantic's managing director, Steve Best.Less than two weeks after accepting the role of non-executive chairman of surf wear brand Hot Tuna International, Melissa Sturgess has decided she is too busy to do the job. Oil company Aminex said its 1-for-6 open offer of 96.1m shares was oversubscribed by around 27%.Japan Leisure Hotels, which rents out rooms by the hour, says its biggest hotel has been left intact even though it is in Sendai, the city that was devastated by the earthquake. "The hotel building in Sendai has been left intact, although it did sustain damage which is currently being assessed," the company said.FTSE 100 - RisersAggreko (AGK) 1,511.00p +7.39%BG Group (BG.) 1,511.00p +3.49%Vedanta Resources (VED) 2,230.00p +1.64%Essar Energy (ESSR) 504.00p +1.55%Schroders (Non-Voting) (SDRC) 1,392.00p +1.46%Schroders (SDR) 1,774.00p +1.08%Serco Group (SRP) 581.00p +0.96%Intertek Group (ITRK) 1,931.00p +0.94%ARM Holdings (ARM) 527.00p +0.76%Cairn Energy (CNE) 432.50p +0.68%FTSE 100 - FallersBurberry Group (BRBY) 1,122.00p -4.43%Johnson Matthey (JMAT) 1,747.00p -3.11%Amec (AMEC) 1,123.00p -2.52%Aviva (AV.) 444.30p -2.12%Morrison (Wm) Supermarkets (MRW) 280.30p -1.99%Next (NXT) 1,865.00p -1.84%Resolution Ltd. (RSL) 279.10p -1.79%Standard Life (SL.) 219.20p -1.79%Inmarsat (ISAT) 580.50p -1.69%National Grid (NG.) 559.50p -1.67%FTSE 250 - RisersImagination Technologies Group (IMG) 460.00p +5.46%Pace (PIC) 173.10p +4.53%EnQuest (ENQ) 148.90p +4.13%CSR (CSR) 381.90p +3.61%Tullett Prebon (TLPR) 408.80p +3.55%Centamin Egypt Ltd. (CEY) 132.50p +3.52%Drax Group (DRX) 410.00p +3.46%Heritage Oil (HOIL) 330.40p +3.35%BTG (BGC) 224.20p +3.03%Bovis Homes Group (BVS) 442.60p +3.03%FTSE 250 - FallersSynergy Health (SYR) 795.50p -4.96%Brown (N.) Group (BWNG) 259.20p -4.14%Kenmare Resources (KMR) 37.47p -3.92%FirstGroup (FGP) 334.70p -3.66%Catlin Group Ltd. (CGL) 338.70p -3.17%Stagecoach Group (SGC) 202.20p -2.46%Aegis Group (AGS) 136.10p -2.44%Cable & Wireless Worldwide (CW.) 67.10p -2.40%Dixons Retail (DXNS) 16.76p -2.33%SVG Capital (SVI) 240.10p -2.32%
More News
4 Jan 2011 11:50

Small caps round-up: Quadnetics, Atlantic Coal, Westhouse

Surveillance and security technology supplier Quadnetics Group has acquired battlefield technology specialist Persides Technology for £260,000. The acquisition of Persides, an existing partner to Quadnetics' defence business, is expected to enable the group to retain greater margins on sales of it

Read more
27 Sep 2010 18:32

Small cap round-up: International Ferro, Norseman Gold, Atlantic Coal...

International Ferro Metals increased its sales of ferrochrome by 87% to 190,432 tonnes in the year to June 2010. Revenues grew from Rand782,000 to Rand1.43m. IFM returned to profit in the second half but lost Rand157,000 in the year to June 2010, down from a Rand456,000 loss the year before. A ne

Read more
13 Apr 2010 15:02

Atlantic Coal in supply agreement

Open cast coal miner Atlantic Coal has signed a memorandum of understanding (MoU) with private US coal marketing company Xcoal Energy and Resources. Under the terms of the agreement Xcoal will take 150,000 tons of premium anthracite per year or half of the annual anthracite coal production at Atla

Read more
12 Nov 2009 14:32

Small caps round-up: Syntopix, Atlantic Coal, Brady...

Drug developer Syntopix shares rallied as it reported positive phase 2 results for its lead dermatological compound SYN0126, for the treatment of acneic skin. Following the results, Syntopix has decided to focus its development efforts around three specific core compounds: SYN0126, SYN1113 and SYN

Read more
29 Oct 2009 15:49

Strategic Natural still in bid talks with Absolute

South African mining company Strategic Natural Resources has notched up its first revenues, raking in £72,000 in the six months to 31 August 2009. It posted a pre-tax loss, however, of £0.14m, after making a pre-tax profit of £4.12m a year earlier when the company banked a £4.31m gain on the sale

Read more
10 Aug 2009 15:20

Sector movers: Miners retreat

Mining stocks fall back, including Rio Tinto, which was accused by China of overcharging the country's iron mills by over $100bn over the past six years. The allegations were published by the National Administration for the Protection of State Secrets, which claimed Rio Tinto had spied on Chinese s

Read more
10 Aug 2009 09:56

Small caps round-up: Zirax, Sabien Technology, Eredene Capital...

Speciality chemical company Zirax said it has won the contract to supply 20,000 metric tonnes of calcium chloride based de-icers to Moscow City Council for its 2009/10 winter season. This particular contract, worth $4.0m, is principally comprised of Zirax's de-icing product IceMelt. It means Zirax

Read more
1 Jul 2009 06:45

Wednesday tips round-up: BG, Carpetright, Reed Elsevier

BG is regarded as a perennial bid target, but it is the growth prospects of the group in Australian LNG, its assets in offshore Brazil and now US shale gas that are the real reasons to own the shares. The shares are trading on a December 2009 earnings multiple of 14.3 times, falling to 12.6 in 201

Read more
30 Jun 2009 09:00

Small caps round-up: MediaZest, Reneuron, Atlantic Coal...

Display advertising and screens provider Mediazest's pre-tax profits slide in the year as administrative expenses were too high, prompting the firm to undertake further cost cutting measures. The group also said first half of 2009 has seen a drop in activity as a consequence of the economic downt

Read more
28 May 2009 09:02

Small caps round-up: Borders & Southern, AT Communications, Scapa ...

Falklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of

Read more
22 May 2009 09:09

Small caps round-up: Advanced Power, Rockhopper, Omega Insurance...

Electronic components group Advanced Power Components (APC) announces the appointment of David Brown as interim finance director, replacing Rod Muir, with immediate effect. The group said it is at an early stage in the process of recruiting a new permanent finance director and a further announcemen

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.