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Thu, 13th Nov 2014 10:21
A second attempt to spring into life evaporated ahead of the close on Monday and the top share index finished just a few points higher. Worries that Japanese carmakers may have to suspend production at their plants in China following the earthquake disruption have sent copper prices lower. As a res
Read moreFootsie finished the morning clinging on to positive territory and not much changed over the lunch time trading session, with a mildly firmer start on Wall Street providing little additional impetus. Worries that Japanese carmakers may have to suspend production at their plants in China following t
Read moreAim-listed oil explorer Bowleven is stepping up its exploration and development programme at its potentially hugely lucrative oil prospects offshore Cameroon. "Operational activity in Cameroon will continue at pace. The near term focus is on appraising the extent of the Sapele-1 Tertiary oil and g
Read moreWest Africa-focused oil and gas exploration group BowLeven has started drilling on the Sapele-2 well in its Douala Basin prospect off the coast of Cameroon. The main purpose of the Sapele-2 well is to appraise the Omicron discoveries encountered in the Sapele-1 exploration well. The Sapele-2 wel
Read moreBowleven may have encountered a significant hydrocarbon column at its Sapele-1 exploration well offshore Cameroon as technical limitations forced it to stop drilling when it hit a high pressure gas reservoir. Sapele-1 in the Douala Basin drilled down 4,733 metres before "a rapid influx of very high
Read moreA sharp rally following earlier heavy losses nearly lifted Footsie into positive territory in the afternoon but the rally fizzled out and the leading share index closed lower, with European debt concerns still looming large. Portugal is currently going down the path trodden by Ireland and denying i
Read moreAfter briefly dipping below 5600 this morning Footsie more or less halved its losses over the lunchtime session, though heavy falls are still being sustained by miners and banks. Portugal is currently going down the path trodden by Ireland and denying it is in need of a bail-out and, as with Irelan
Read moreThe leading share index's losses are almost in the triple-digits now as worries over the euro-debt crisis persist. Portugal's insistence that it is not under pressure to follow Ireland in accepting a bail-out failed to reassure investors. Bond yields in Portugal and other debt-plagued eurozone coun
Read moreLosses in Asia, a lack of direction from Wall Street, where traders sat out Thursday's session for Thanksgiving, and little company news have made for a dull start. Power companies are the main point of interest after Ofgem launched a new investigation after fresh data revealed a sharp increase in
Read moreYesterday's gains could be all but wiped out in early deals following losses in Asia and a lack of direction from Wall Street where traders sat out Thursday's session for Thanksgiving. The FTSE 100 could lose almost 30 points in early deals, according to futures prices. Demand for some metals will
Read moreAfrica-focused oil explorer BowLeven is to raise about £70m through a placing of up to 22m new shares, some 11% of the amount currently outstanding, to fund further drilling on its prospects in Cameroon. BowLeven shares closed yesterday at a record high of 338p, valuing the group in total at just o
Read moreFootsie closed the day healthily in the blue as investors got excited about shopping centre owners and other property groups. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, raced ahead after it put pen to paper to purchase Manchester's Traffo
Read moreFootsie is more or less back to where it started the day after a quiet lunch time session, though investors continue to be excited about shopping centre owners. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen t
Read moreThe real estate sector is today's hot property after Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, put pen to paper to purchase Manchester's Trafford Centre in a deal worth £1.6bn. The purchase sent the shares sharply higher and other property gr
Read moreShares in Bowleven soared to another 52-week high as the West Africa-focused oil explorer announced another promising result from test drilling. The Sapele-1 exploration well drilling in the Douala Basin, offshore Cameroon, has encountered further log evaluated pay in the Miocene reservoir objectiv
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