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CSLTWed, 07th Dec 2011 08:53
Offshore safety specialist Cosalt turned into losses for the half-year and warned that it could breach the leverage covenant in its banking facilities. The group said its current facilities are insufficient for its working capital needs. "In the short term, there is a material risk that the Group c
Read moreFootsie finished higher Tuesday after a strong performance by US shares, lifted by consumer confidence figures, hauled London's leading share index out of the red. The mining sector summed up the volatility seen on the markets today. Rio Tinto climbed after it said it had agreed a 33% cut in contra
Read moreHopes that Wall Street might provide a fillip to UK shares have been dashed as US markets open in a similarly dull fashion to London. Mining stocks and financials are the worst performers while defensive sectors such as tobaccos and supermarkets have returned to favour. Mining giant Rio Tinto is lo
Read moreIt was a dull morning session for London's leading shares, with the market following Asian markets lower after the news broke concerning North Korea's nuclear bomb test. Mining stocks and financials are the worst performers. Mining giant Rio Tinto is lower after it agreed a 33% cut in contract fin
Read moreOffshore safety specialist Cosalt said the anticipated second-half recovery in trading will not be enough to prevent full-year results from being below market expectations. The company said it has experienced lower levels of activity thus far in 2009 but continues to benefit from new contracts, suc
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