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Pin to quick picksBowleven Share News (BLVN)

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London close: Santa Rally continues as UK stocks rise for sixth straight day

Tue, 23rd Dec 2014 16:51

UK stocks rose again on Tuesday as the Santa Rally continued into its sixth straight day, with markets boosted by some upbeat economic data from the States.Third-quarter US annualised gross domestic product (GDP) growth was revised to 5% from an initial estimate of 3.9%, representing the strongest rate of expansion since 2003."The jump in US GDP driven by consumer spending is another bit of evidence demonstrating the benefit of lower oil prices to the global economy," said analyst Jasper Lawler from CMC Markets UK.The FTSE 100 finished 0.3% higher at 6,598 by the end of the session, its highest close since 8 December, helped by energy stocks as crude prices rebounded.In other US economic data, the University of Michigan's consumer-confidence index and personal spending figures came in better than expectations, though new-home sales and durable goods orders missed forecasts slightly.Closer to home, the FTSE 100 pulled back from its intraday high early on after UK GDP growth was surprisingly revised lower. While quarter-on-quarter growth was confirmed at 0.7% for the third quarter, the annual rate of expansion was revised to 2.6% from the initial estimate of 3%.News from Greece was also limiting gains across European markets after Greek Prime Minister Antonis Samaras failed to garner enough support for his presidential candidate in a second round of voting. Parliamentarians will now be called on to vote for a third and final time on 29 December.Energy stocks jumpOil and gas producers such as BP, Tullow Oil, Shell and Premier Oil were all performing well by the end of the session as Brent crude advanced 1.2% to $60.82 a barrel. Energy services companies such as Petrofac, Hunting and Weir Group also saw shares rise.Retailers were also providing a lift with Wm Morrison, Tesco and Sports Direct putting in decent gains.Thorntons was a heavy faller, dropping over 22% after warning of a "significant reduction" in orders from major supermarkets and a problem with its warehouse distribution. Earnings for the full year are now expected to be "below those achieved for the last financial year".Cameroon-focused oil explorer Bowleven jumped after being allowed extra time for the completion of the farm-out agreement over its Etinde project as it continued to sweat over presidential approval. Market MoverstechMARK 2,953.95 -0.19%FTSE 100 6,598.18 +0.33%FTSE 250 16,094.23 +0.64%FTSE 100 - RisersTullow Oil (TLW) 419.70p +3.12%CRH (CRH) 1,559.00p +3.11%Morrison (Wm) Supermarkets (MRW) 180.40p +2.50%Smiths Group (SMIN) 1,108.00p +2.40%ARM Holdings (ARM) 998.00p +2.31%Sports Direct International (SPD) 712.00p +2.30%Randgold Resources Ltd. (RRS) 4,240.00p +2.17%Weir Group (WEIR) 1,912.00p +2.03%Tesco (TSCO) 184.60p +1.99%Centrica (CNA) 282.50p +1.88%FTSE 100 - FallersShire Plc (SHP) 4,533.00p -2.81%Reckitt Benckiser Group (RB.) 5,200.00p -2.07%AstraZeneca (AZN) 4,516.50p -1.88%Smith & Nephew (SN.) 1,089.00p -1.71%Barratt Developments (BDEV) 459.00p -1.48%Persimmon (PSN) 1,572.00p -1.32%Taylor Wimpey (TW.) 134.70p -1.32%Aggreko (AGK) 1,528.00p -0.84%BG Group (BG.) 879.50p -0.74%Ashtead Group (AHT) 1,169.00p -0.51%FTSE 250 - RisersEuromoney Institutional Investor (ERM) 1,125.00p +5.73%Evraz (EVR) 149.20p +4.55%Centamin (DI) (CEY) 60.15p +4.52%RPS Group (RPS) 218.40p +4.40%Workspace Group (WKP) 764.50p +4.37%Serco Group (SRP) 163.10p +4.15%Petra Diamonds Ltd.(DI) (PDL) 191.50p +4.08%Premier Oil (PMO) 172.00p +3.61%SIG (SHI) 171.30p +3.32%PayPoint (PAY) 922.50p +3.30%FTSE 250 - FallersHikma Pharmaceuticals (HIK) 1,985.00p -3.69%Polymetal International (POLY) 555.50p -3.05%Saga (SAGA) 151.00p -2.45%BTG (BTG) 797.00p -2.03%Greggs (GRG) 723.00p -1.97%RPC Group (RPC) 509.50p -1.45%Bank of Georgia Holdings (BGEO) 2,037.00p -1.45%Big Yellow Group (BYG) 610.00p -1.37%Genus (GNS) 1,269.00p -1.25%Fisher (James) & Sons (FSJ) 1,159.00p -1.19%
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EARNINGS AND TRADING: Saint-Gobain buys Bailey Group; Kropz inks loan

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27 Mar 2024 14:31

Bowleven seeks funding as loss widens on reduced project activity

(Alliance News) - Bowleven PLC on Wednesday said its half-year loss widened as it continues to develop the Entinde project.

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14 Mar 2024 20:56

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26 Jan 2024 06:56

IN BRIEF: Bowleven and partners regroup as Etinde stake sale halts

Bowleven PLC - Edinburgh-based oil and gas exploration company developing Etinde project offshore Cameroon - Partner's sale of stake in the Etinde project falls through. Bowleven is informed on Thursday by New Age (African Global Energy) Ltd, the operator of Etinde, that it received from Perenco SA a termination notice for the conditional sale of New Age's interests in the Etinde joint venture to Perenco. The deal for the 37.5% stake was first announced back in June 2022. Bowleven says it now will discuss with its joint venture partners an updated development plan and work programme for Etinde.

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29 Nov 2023 15:46

UK shareholder meetings calendar - next 7 days

Thursday 30 November 
Amur Minerals CorpAGM
Atlantic Lithium LtdAGM
Cordel Group PLCAGM
CQS New City High Yield Fund LtdAGM
DXS International PLCAGM
Europa Metals LtdAGM
Gabelli Merger Plus+ Trust PLCAGM
Kingswood Holdings LtdAGM
MC Mining LtdAGM
MGC Pharmaceuticals LtdAGM
NCC Group PLCAGM
Ovoca Bio PLCAGM
Revolution Bars Group PLCAGM
Roebuck Food Group PLCEGM re fundraising
Ruffer Investment Co LtdAGM
Friday 1 December 
Croma Security Solutions Group PLCAGM
HeiQ PLCGM re annual report approval
James Halstead PLCAGM
More Acquisitions PLCGM re capital raise
Myanmar Investments International LtdGM re cancellation to trading on AIM
Plaza Centers NVAGM
ScS Group PLCAGM
Monday 4 DecemberGM re additional listing on the NYSE
Diversified Energy Co PLCGM re purchase of 15% of the company's own shares
Palace Capital PLCAGM
PRS REIT PLC 
Tuesday 5 DecemberAGM
450 PLC 
Wednesday 6 December 
Alternative Liquidity Fund LtdAGM
Bowleven PLCAGM
Gattaca PLCAGM
STM Group PLCcourt meeting and EGM re takeover by Pension SuperFund Capital
VinaCapital Vietnam Opportunity Fund LtdAGM
Virgin Wines UK PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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10 Nov 2023 11:58

Bowleven reports $2m loss as it looks to shore up funding

(Sharecast News) - Africa-focused oil and gas exploration group Bowleven reported a loss of $2m in its full-year results on Friday.

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10 Nov 2023 10:34

Bowleven needs to raise further equity as warns cash is running out

(Alliance News) - Bowleven PLC on Friday reported a narrowed annual loss, partly thanks to cost reductions, but warned its cash is "depleting" and it has a "pressing need" to raise equity.

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26 Sep 2023 12:14

IN BRIEF: Bowleven considering needed equity injection at big discount

Bowleven PLC - oil and gas, exploration and production in Cameroon - Considering fundraising proposal that would involve an unnamed shareholder providing equity capital at a "very substantial discount" to Bowleven's current market price. If this were to occur, all other current shareholders would be invited to participate at the same price, the company says. Bowleven has USD1.3 million in cash and, despite cutting costs, this is enough only to see it through to the end of the first quarter of 2024. Bowleven also may need additional funds to finance its share of future expenditure on the Etinde project.

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26 Sep 2023 10:39

AIM WINNERS & LOSERS: Bowleven shares drop on concern for cash runaway

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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21 Jul 2023 10:40

AIM WINNERS & LOSERS: Bowleven says fundraising efforts continue

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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21 Jul 2023 09:35

IN BRIEF: Bowleven unaware of reason for recent share price rise

Bowleven PLC - Africa-focused oil and gas, exploration and production company focused in Cameroon - Says it notes recent movement in its share price and is not aware of "any particular reason" for the sudden increase. Shares in Bowleven increased by 30% in the last month. The company says that it has been considering fundraising options, and expects to seek additional equity capital in the year to assist with its ongoing corporate activities; which it noted in its March 30 statement.

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30 Mar 2023 17:55

TRADING UPDATES: Time Out revenue rises; Arbuthnot gets rates boost

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30 Mar 2023 09:11

LONDON MARKET OPEN: SSE rises on guidance; Drax falls on biomass snub

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24 Nov 2022 15:44

UK shareholder meetings calendar - next 7 days

Friday 25 November 
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Aveva Group PLCGM and Court Meeting re Schenider Electric takeover offer
Base Resources LtdAGM
European Metals Holdings LtdAGM
Neometals LtdAGM
Quadrise Fuels International PLCAGM
ScS Group PLCAGM
Sylvania Platinum LtdAGM
Windar Photonics PLCGM re placing of new ordinary shares
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Crown Place VCT PLCAGM
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
PRS REIT PLCAGM
Psych Capital PLCAGM
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Tuesday 29 November 
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Bluefield Solar Income Fund LtdAGM
Castillo Copper LtdAGM
Challenger Energy Group PLCAGM
CT Property Trust LtdAGM
Duke Royalty LtdAGM
Esken LtdEGM re borrowings approval
Mosman Oil & Gas LtdAGM
Wednesday 30 November 
abrdn Asia Focus PLCAGM
Atlantic Lithium LtdAGM
Chamberlin PLCAGM
Coral Products PLCGM re proposed cancellation of share premium account
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Ferguson PLCAGM
Gabelli Merger Plus+ Trust PLCAGM
Grit Real Estate Income Group LtdAGM
Leeds Group PLCAGM
Life Science REIT PLCGM re issue of the new ordinary shares 
MC Mining LtdAGM
Pires Investments PLCAGM
Renishaw PLCAGM
Thursday 1 December 
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Bowleven PLCAGM
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James Halstead PLCAGM
Kin & Carta PLCAGM
Transense Technologies PLCAGM
Vast Resources PLCAGM
Virgin Wines UK PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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1 Nov 2022 14:48

EARNINGS SUMMARY: Vulcan Industries and Wildcat Petroleum narrow loss

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