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Shares in Churchill Mining ticked up after the Indonesian-focused coal miner said it had signed a memorandum of understanding for the supply of coal to a subsidiary of the Indonesian state electricity firm Perusahaan Listrik Negara (PLN). It will supply up to 5m tonnes a year, 'significantly incre
Read moreLondon's gains were trimmed just before the close as traders took a few profits before heading off to celebrate St. Patrick's Day. Nevertheless, it was the highest close for the Footsie since the middle of 2008. Mining stocks led the advance, despite conflicting views in the broking community on th
Read moreA firm opening by Wall Street gave UK shares an additional fillip over the lunchtime trading session. Miners are leading the advance, despite conflicting views in the broking community on their merits. Societe Generale is in the bearish camp, cutting sector giants BHP Billiton and Rio Tinto from 'b
Read moreLondon is now handily higher, with the strength of transport groups and miners cancelling out the subdued performance of ex-dividend stocks such as HSBC, Standard Life and Thomas Cook. The main point of interest is confirmation from bus and rail group Arriva that it has had an unsolicited bid appr
Read moreShares in Baltic Oil Terminals gushed ahead after the company, which operates terminals at the Russian port of Baltysk in the Kaliningrad territory, said it had settled a dispute with former director Vladimir Gavrilov, reducing the company's liabilities by $1.4m. Baltic announced last June that a c
Read moreThe joint venture between oil product terminal owner Baltic Oil Terminals and Swiss refined oil products trader Exoy Holding has got off to a slick start, with the first month of operations ahead of expectations. As part of the deal that saw Exoy buy a 51% stake in Baltic's trading subsidiary Balt
Read moreFootsie finished the week with modest gains as miners rallied following strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. In UK economic news, factory ga
Read moreMining stocks are more than offsetting losses on banks, as metal prices pick up following some strong economic data from China. Industrial production growth in China rose again in November to hit 19.1% year-on-year. It is fastest pace of growth in industrial production since June 2007. In UK eco
Read moreBrown land developer Inland has completed the sale of its site in Horsham, West Sussex for about £900,000, an existing property in Watford and a small brownfield plot in Mill Hill for a total sum of approximately £900,000. These disposals achieved free cash of £1m after repayment of the associated
Read moreShares in MobilityOne jumped after the electronic payments group said it had raised £365,000 through a placing 'for general capital purposes.' Shares in Baltic Oil Terminals, which has port operations for the shipment of oil in the Russian territory of Kaliningrad, jumped after it said had agreed t
Read moreShares in property investment company Wichford almost halved today after reporting a full-year loss of £76.2m and admitting it is mulling a cash call. The group, which said the value of its UK portfolio slumped by £56.7m, or 12.7%, to £389.9m, intends to pay an interim dividend, but will not decide
Read moreBaltic Oil Terminals has agreed a long term contract with a major supplier for the export of M-100 fuel oil from Belarus, it said today. Deliveries of the oil, to be transported by rail in lots of up to 35,000 tons a month, are due to begin in June. The product will be delivered in the Baltic Sea a
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