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Shares in China-focused oil and gas group Fortune Oil jumped on Friday after the firm said it intends to build a liquefied natural gas (LNG) production plant in Xinyang. Fortune will invest £20m and will take full ownership in the plant, which will liquefy natural gas supplied from the Xinyang Fort
Read moreFashion group Supergroup sells at 17 times this year's earnings. Lifestyle brands such as SuperGroup have done well over the recession and future growth looks assured, but the churl in me finds it hard to see immediate progress for a retailer on this sort of multiple in this market, says Martin Wall
Read moreBoard member George Turner has pocketed more than £400,000 from the sale of shares in InterContinental Hotels Group. He offloaded 35,182 at 1,180p a time, but still has 175,637. Turner is the company's executive vice president, general counsel and company secretary. InterContinental, which is li
Read moreShares in Fortune Oil gushed higher after a record year for the China-focused oil and gas group. Pre-tax profits in 2010 rose to £24.65m from £18.06m on group revenues that rose to £275.75m from £192.03m. Fortune also paid its first dividend, of 0.13p a share. "It has been a record year for Fortun
Read moreChina-focused oil and gas supplier Fortune Oil has acquired 51% of a pipeline supplying an industrial park which houses pottery companies. Pottery companies are high users of energy and gas consumption is expected to be 200m cubic metres a year. It will take time to build up but should reach that
Read moreChina-focused energy company Fortune Oil has signed up to a joint venture agreement that will supply LNG to up to 6,000 buses in Liaoning Province in China. It will take time to build up to that level and the initial investment will be in three fuelling stations, which will supply 200 buses. Th
Read moreBritain's biggest bakery chain Greggs shrugged off the effects of the big freeze, reporting trading over Christmas that was stronger than expected, with a 3.5% rise in sales, or 0.6% on a like-for-like basis, over the five-week period. The current valuation of 11 times 2011's projected profits fairl
Read moreLast month's snow has cost no-frills regional airline Flybe about £6m in lost revenue on cancelled flights and cost for delays, diversions and additional de-icing. The company, which floated in London in December, said almost 2,000 flights were cancelled - 16% of the planned flying programme - alth
Read moreInsurance broker CBG warned this year's revenue is likely to be lower than market forecast and as result, adjusted profit before tax is expected to be significantly below current expectations. The market background for the insurance broking division remains highly competitive and margins remain und
Read moreShares in energy giant BG Group hit a two-and-a-half year high at the end of last week after it gave an update on operations at its Tupi and Guara fields in Brazil. Based on the new resources estimates for these fields, the three floating, production, storage and offloading (FPSO) vessels that are
Read moreOil company Aminex is excited about prospects in Tanzania where it has a big drilling programme lined up for 2011, but will need more money to pay for it. "In order to fulfil its ambitious 2011 drilling programme, the company is actively working on the several options available to it for securing r
Read moreHargreaves Services, which provides support services to the energy sector, said overall results are expected to be in line with management expectations. "The board remain confident about the prospects for the group. The board is particularly excited by the prospects of the Tower project and please
Read moreLONDON (Dow Jones)--Fortune Oil PLC (FTO.LN), a gas and oil company, announced Tuesday Mdm Li Ching will relinquish her role as Chief Executive, but she will remain at Fortune Oil as an Executive Director. MAIN FACTS: -The Board will appoint Tee Kiam Poon as Chief Executive to succeed Mdm Li
Read morePR and marketing group Freshwater's profits fell sharply last year, but the fourth quarter saw an improvement that has continued into the current year. Pre-tax profit fell to £0.24m from £1.17m, on sales of £9.1m down from £9.5m. "Profitability improved in the second half, and we have gone into th
Read moreCoal mine developer GCM Resources' non-executive chairman Gerard Holden has bought nearly £45,000 worth of shares in the company. He took 50,000 at 89p a time. The shares closed at 92p going into the weekend. GCM is hoping to develop the Phulbari Coal project in Bangladesh, pending approval from
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