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London close: Stocks rally but finish lower

Fri, 26th Aug 2011 16:41

Stocks rallied ahead of the close but finished slightly lower on a day that was dominated by uncertainty surrounding the Federal Reserve annual meeting.The Fed still has tools to stimulate the economy chairman Ben Bernanke said, while declining to provide details as to when they might be used. AMEC, which yesterday reported a strong performance in its mining and power and process divisions and increased activity in the UK North Sea but a reduction in activity levels within the oil sands and federal businesses in the first half of 2011, was on the slide.Some director buying helps boost Admiral though. Chairman Alastair Lyons has bought 20,000 shares at 1,272p while non-executive director John Sussens's wife Cheryl bought 22,000 at 1,320p.Transport logistics firm Stobart Group was a heavy faller on the FTSE 250 after it said its transport and distribution division is back on the right track in August after a difficult period in June and July. Eastern Europe-focused oil producer Exillon Energy was out of favour despite moving into the black in the first half of 2011, as production hit record levels for the company.Berendsen, the FTSE 250 workwear textile rental and laundering services firm, also disappointed even though it said it was able to up its adjusted profits by 18% in the six months ended 30 June, as it made good progress in the implementation of its strategic review.Specialty chemicals producer Yule Catto rose higher after it posted sharp rise in half year pre-tax profit helped by strong demand from Asia and its PolymerLatex acquisition.Sales at low emission power products developer Ceramic Fuel Cells surged by 81% during the 12 months ended 30 June, but losses widened as operating expenses were increased. Shares fell into the red.FTSE 100 - RisersITV (ITV) 57.85p +3.58%Fresnillo (FRES) 1,878.00p +3.36%Burberry Group (BRBY) 1,257.00p +3.20%Admiral Group (ADM) 1,318.00p +3.05%Investec (INVP) 406.10p +2.84%Rolls-Royce Group (RR.) 603.50p +2.37%Petrofac Ltd. (PFC) 1,227.00p +2.16%National Grid (NG.) 602.00p +2.12%Diageo (DGE) 1,192.00p +1.88%Aggreko (AGK) 1,798.00p +1.87%FTSE 100 - FallersRoyal Bank of Scotland Group (RBS) 21.88p -5.20%Lloyds Banking Group (LLOY) 29.71p -4.11%Johnson Matthey (JMAT) 1,607.00p -3.54%Amec (AMEC) 849.50p -3.03%Glencore International (GLEN) 377.15p -2.92%Prudential (PRU) 573.00p -2.63%Aviva (AV.) 311.60p -2.26%Marks & Spencer Group (MKS) 309.80p -1.99%International Consolidated Airlines Group SA (IAG) 163.40p -1.98%Barclays (BARC) 155.00p -1.84%FTSE 250 - RisersHansteen Holdings (HSTN) 79.50p +6.00%Perform Group (PER) 169.00p +4.77%Computacenter (CCC) 369.50p +4.14%Imagination Technologies Group (IMG) 340.40p +3.53%Domino Printing Sciences (DNO) 549.50p +3.39%Kofax (KFX) 330.20p +3.35%Soco International (SIA) 307.70p +3.08%Rank Group (RNK) 130.00p +2.77%Stagecoach Group (SGC) 256.90p +2.72%African Barrick Gold (ABG) 544.00p +2.64%FTSE 250 - FallersExillon Energy (EXI) 269.60p -5.40%Regus (RGU) 64.00p -4.48%Ocado Group (OCDO) 113.60p -4.05%Lancashire Holdings (LRE) 623.00p -4.01%Berendsen (BRSN) 489.20p -3.70%Dunelm Group (DNLM) 420.00p -3.67%Stobart Group Ltd. (STOB) 128.00p -3.32%Premier Foods (PFD) 12.73p -3.27%Hikma Pharmaceuticals (HIK) 605.00p -3.12%CSR (CSR) 218.00p -3.02%
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12 Jul 2012 15:54

Small caps round-up: Biome, Ceramic Fuel Cells, Chamerlin

Technology group Biome has seen significant positive developments in the patent litigation cases currently being heard against its joint venture company, Biotec. The claims, which are being made by Italian company Novamont, are for infringement of the French and Italian designations of a number of N

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10 Feb 2012 11:09

Small caps round-up: Arena, RedHot Media, Vp...

Gene-based biopharmaceutical company Oxford Biomedia has announced that its Chief Financial Officer (CFO), Andrew Wood, has stepped down and will be replaced by Tim Watts with immediate effect. Watts has over 30 years' experience in leading multinational businesses and was most recently CFO at Archi

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23 Jan 2012 09:22

Small caps round-up: Ceres, Ceramic Fuel, Antrim ...

The bombed-out shares of Ceres Power showed signs of life on Monday morning after the company announced significant improvements in the durability of its core fuel cell module technology. Meanwhile, the long term test programe of its combined heat and power (CHP) engineering technology remains on s

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22 Dec 2011 14:42

GlaxoSmithKline director sells off shares

Jean Stéphenne, president and general manager of Biologicals at GlaxoSmithKline, has sold off 20,000 shares just days after the firm off-loaded its Consumer Healthcare Consumer Healthcare over-the-counter brands. The director, who sold the shares at £14.408, has overseen Biologicals since 1991. E

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26 Sep 2011 12:09

Ceramic Fuel Cells receives order from Dutch distributor

Fuel cell technology manufacturer Ceramic Fuel Cells has received an order for 100 BlueGen gas-to-electricity generators from its distributor in The Netherlands. Zestiq will market and sell the BlueGen units to small commercial and residential customers in The Netherlands over the next 12 months.

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26 Aug 2011 12:18

London midday: Stocks slip but share-buying boosts Admiral

Stocks have drifted into the red amid apprehension ahead of this afternoon's annual meeting of the US Federal Reserve. The results stream has slowed sharply, giving investors an opportunity to digest figures released earlier this week. AMEC, which yesterday reported a strong performance in its min

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26 Aug 2011 08:31

London open: FTSE 100 falls into red, markets await Bernanke

The FTSE 100 fell into the red in early trading, with heavyweights AMEC, Resolution and ARM Holdings dragging the blue chip index lower, after a poor performance on Wall Street last night and a mixed session in Asia. Meanwhile, financials were on the rise, with Hargreaves Lansdown, Lloyds, RBS and

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26 Aug 2011 07:51

Sales soar at Ceramic Fuel Cells, losses widen

Sales at low emission power products developer Ceramic Fuel Cells surged by 81% during the 12 months ended 30 June, but losses widened as operating expenses were increased. Revenues jumped from A$2.03m (£1.3m) to A$3.68m (£2.4m). The group said that revenues were derived mainly from the sales of sm

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25 Aug 2011 15:43

Ceramic Fuel Cells' shares jump on MCS boost

Ceramic Fuel Cells hailed a "significant step forward" for UK sales of its BlueGen after it became eligible for feed in tariffs. BlueGen uses ceramic fuel cells to turn natural gas supplies into electricity and heat for hot water. The product has received Microgeneration Certification Scheme (MCS)

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2 Aug 2011 12:54

Ceramic Fuel Cells has new product certified

Ceramic Fuel Cells has had its BlueGen gas to electricity generator certified by Australian Gas Association (AGA) for installation as a gas appliance in Australia. BlueGen has also received full CE safety approval for installation in homes and other buildings in Europe. The product, which is th

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25 Jul 2011 13:43

Interest in Ceramic Fuel heats up

Ceramic Fuel Cells charged higher Monday after it announced its largest ever order for its Bluegen units. Sanevo, which has has substantial experience in marketing and selling new technology power and heating products in Germany, through more than 120 qualified sales partners, has placed an initial

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31 May 2011 16:38

London close: More gains for FTSE 100

Stocks built on the strong gains they posted ahead of the long weekend, surpassing the 6,000 point mark but finishing slightly below that psychologically-important level. In company news, Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Railway,mo

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31 May 2011 14:21

London afternoon: Stocks sail on Greek tailwinds

Optimism about a resolution to Greece's latest dire need for a bail-out is giving equities a boost today, providing some much needed focus on a day that is short of block-busting company news. Serco, the outsourcing company whose activities include running prisons and London's Docklands Light Rail

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31 May 2011 10:18

Ceramic Fuels stoked by big sale

Ceramic Fuel Cells, the low emission power products developer, pulled well clear of its 52-week low after it announced it second-ever largest sales order. The company is to sell 25 of its BlueGen gas-to-electricity units to Ausgrid, the organisation formerly known as Energy Australia. The order fr

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