Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksENRC.L Share News (ENRC)

  • There is currently no data for ENRC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London open: Markets lower, but Kentz rockets after AMEC approach

Mon, 19th Aug 2013 08:27

The FTSE 100 opened slightly lower on Monday morning as traders continue to speculate about the future of the Federal Reserve's quantitative easing programme.The weak start follows the London benchmark's second weekly decline in a row last week and the worst weekly performance on New York's Dow Jones index so far this year.With the economic data calendar looking pretty bare today, the focus is likely to remain on the Fed ahead of the minutes of the latest Federal Open Market Committee (FOMC) meeting to be released on Wednesday."Whether the latest Fed minutes will offer any further clues regarding a September taper is doubtful given recent chatter from various FOMC members about the strength or otherwise of recent data, but it does give the markets something else to obsess about," said Senior Market Analyst Michael Hewson from CMC Markets.Kentz rockets; miners provide a drag early onEngineering solutions group Kentz Corporation saw shares surge this morning after saying that a 565-580p-a-share proposal from AMEC undervalued the company and was rejected by its board. The approach values Kentz at around £680m, compared with Friday's market cap of £561m (476p a share).Kentz said: "The company has strong growth prospects given its substantial order backlog, prospective bidding pipeline and robust balance sheet, together with a clear and realisable strategy to create further shareholder value as a standalone entity."Mining stocks were in the red this morning as risk appetite was scaled back: Fresnillo, Glencore Xstrata, Randgold, Rio Tinto, Anglo American, BHP Billiton and ENRC were all registering losses early on. Vedanta was also down despite announcing over the weekend that it has completed the merger of two of its subsidiaries, Sesa Goa and Sterlite Industries.Utilities group SSE was trading higher after HSBC upgraded the stock from 'underweight' to 'neutral', saying that the Energy Market Reform offers a "glimmer of hope". The broker said that SSE's "risk profile [is] reduced in line with peers on greater business visibility.Vodafone was lower after reports said the telecoms giant has paid millions to HMRC to settle a dispute over tax returns of its Irish subsidiary.Housebuilder Bovis Homes gained after reporting a 19% jump in pre-tax profits in the first half and giving an upbeat outlook for the rest of the year with demand being supported by the government's 'Help to Buy' scheme.FTSE 100 - RisersShire Plc (SHP) 2,439.00p +2.26%Wood Group (John) (WG.) 891.50p +0.96%Petrofac Ltd. (PFC) 1,254.00p +0.72%Rolls-Royce Holdings (RR.) 1,128.00p +0.62%Aberdeen Asset Management (ADN) 382.90p +0.60%BAE Systems (BA.) 440.00p +0.59%SSE (SSE) 1,555.00p +0.58%Smiths Group (SMIN) 1,316.00p +0.46%Bunzl (BNZL) 1,339.00p +0.45%Aggreko (AGK) 1,663.00p +0.42%FTSE 100 - FallersGlencore Xstrata (GLEN) 302.50p -1.90%Anglo American (AAL) 1,523.50p -1.55%Fresnillo (FRES) 1,155.00p -1.45%Vedanta Resources (VED) 1,219.00p -1.30%Standard Chartered (STAN) 1,532.00p -1.29%Rio Tinto (RIO) 3,065.00p -1.27%Randgold Resources Ltd. (RRS) 5,090.00p -1.17%Old Mutual (OML) 195.30p -1.11%Royal Bank of Scotland Group (RBS) 339.50p -1.02%BHP Billiton (BLT) 1,967.50p -1.01%FTSE 250 - RisersKentz Corporation Ltd. (KENZ) 585.00p +22.93%Cranswick (CWK) 1,140.00p +2.70%BH Global Ltd. USD Shares (BHGU) 11.9 +2.59%Bovis Homes Group (BVS) 796.50p +2.31%COLT Group SA (COLT) 102.00p +2.05%Henderson Group (HGG) 178.10p +1.95%Galliford Try (GFRD) 983.00p +1.76%Balfour Beatty (BBY) 250.00p +1.75%Alent (ALNT) 344.70p +1.65%Rathbone Brothers (RAT) 1,631.00p +1.62%FTSE 250 - FallersBumi (BUMI) 213.30p -3.05%Kazakhmys (KAZ) 308.40p -2.56%JPMorgan Indian Inv Trust (JII) 304.00p -2.56%Ferrexpo (FXPO) 184.60p -2.12%Perform Group (PER) 519.50p -2.07%Centamin (DI) (CEY) 36.70p -2.06%Investec (INVP) 431.20p -1.91%Halma (HLMA) 563.50p -1.91%Evraz (EVR) 120.80p -1.87%Intu Properties (INTU) 308.40p -1.78%BC
More News
24 Aug 2023 18:08

SFO drops 10-year probe into Rio Tinto, Eurasian Natural Resources

(Alliance News) - The Serious Fraud Office has dropped a 10-year probe into Rio Tino PLC and former FTSE 100 miner Eurasian Natural Resources Corp, saying it does not have enough evidence to prosecute.

Read more
24 Nov 2013 16:46

Sunday newspaper round-up: Iran, RBS, Babcock

The interim deal between Iran and six world powers hammered out in the small hours of November 24th to curb the former's nuclear programme is a long way from perfect, but it meets two key tests. The first is that it will extend Iran's so-called "critical capability"?the time needed for it to produce

Read more
12 Nov 2013 15:58

Potash slump raises stakes in Russia legal battle

* Eurochem seeks $800 mln from London-listed Shaft Sinkers * Seeks similar sum in Dutch suit from main shareholder IMR * Claim "nonsensical and fabricated" - Shaft Sinkers * IMR says will make robust defence * Eurochem stands by investments despite potash price slump Read more

7 Nov 2013 09:12

ENRC Says Sales Down, Production Up In Third Quarter, Ahead Of Delisting

Read more
6 Nov 2013 15:26

FCA tightens listing rules to give minority shareholders more power

Minority shareholders in large companies are to be given more powers as the City regulator tightens listing rules in London. In a move which it hopes will "protect" small investors, the Financial Conduct Authority (FCA) has strengthened its listing rules to give shareholders "additional voting righ

Read more
5 Nov 2013 18:22

UPDATE 1-British regulator to toughen London share listing rules

By Kylie MacLellan LONDON, Nov 5 (Reuters) - Britain's financial regulator is to bolster its stock market listing rules to better protect minority shareholders, after high-profile scandals at mining companies ENRC and Bumi left some investors nursing heavy losses. The Financial Conduc

Read more
5 Nov 2013 13:10

UK regulator to toughen London share listing rules

By Kylie MacLellan LONDON, Nov 5 (Reuters) - Britain's financial regulator is to bolster its stock market listing rules to better protect minority shareholders, after high-profile scandals at mining companies ENRC and Bumi left some investors nursing heavy losses. The Financial Conduc

Read more
25 Oct 2013 17:31

ENRC Non-Executives Resign Following Eurasian Resources Offer Becoming Unconditional

Read more
25 Oct 2013 10:19

Founders apply to delist Kazakh miner ENRC

(.) LONDON, Oct 25 (Reuters) - The founders of Kazakh miner ENRC , whose bid to buy out minority shareholders went unconditional on Friday, have applied to UK regulators and the London Stock Exchange to delist the company. The trio of billionaire founders, who launched the bid alongsi

Read more
23 Oct 2013 13:24

ENRC proposes "quarantine" for foreign firms eyeing UK listing

* Suggests probationary period for companies seeking to join UK main market * Says it was not allowed enough time to shift from "private, Kazakh-based company" * UK parliamentarians have called for evidence from UK-based oil, mining industry * ENRC, Bumi among companies expected

Read more
4 Oct 2013 11:15

Kazakhmys Accepts Offer For Its 26% Holding In ENRC

Read more
4 Oct 2013 10:52

UK WINNERS & LOSERS: Carpetright Slips As Tate & Lyle Leads Blue-Chip Gainers

Read more
26 Sep 2013 08:57

OFFICIAL CORRECTION-ENRC offer deadline extended to 6 Oct

LONDON, Sept 26 (Reuters) - * Rpt-ENRC bidders say have shares representing approximately 95.99 per cent. of the issued share capital of ENRC * Official Correction-ENRC bidders say offer is being extended and will remain open for acceptance until 1.00 P.M. (London time) on 6 October 2013 *

Read more
26 Sep 2013 08:50

Takeover Deadline For ENRC Extended, Shareholding Increased

Read more
20 Sep 2013 16:39

London close: Stocks hit by Bullard comments as post-Fed rally fades

The exuberant post-Fed mood quickly faded on Friday with comments from one US policymaker dampening stocks before the close of trade. Risk appetite was also scaled back as caution set in ahead of the German elections at the weekend with the outcome still highly uncertain. The FTSE 100 finished 28.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.