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Thu, 31st Oct 2013 08:52
Armor Designs, which develops lightweight armor, admits there's "much work to be done" after net losses grew from $6.8m to $7.8m in the first six months of 2010 despite an increase in sales to $577,000. "We continue to pursue new capital in order to allow us to move quickly to improve our results a
Read moreOil company Global Petroleum has signed an agreement with Tower Resources whereby Global will have a continuing option to participate in the Uganda project while having no current obligation to contribute to ongoing expenditure. Global has been granted the right to convert its investment in the pr
Read moreSpeymill Deutsche Immobilien Property Company non-executive director Jim Mellon has been buying shares in the AIM-quoted property investment company just after it has agreed to take over the management of its own property portfolio. Mellon bought 5m shares at €0.05772 a share and 2m shares at €0.06
Read moreGordon Chapman, chief executive of oil services firm Wellstream, has raised £753,000 from the sale of a total of 150,000 shares. The shares were sold at 518p, 496p and 500p - the majority were sold at the latter price. This is well above the April 2007 flotation price of 320p a share but well belo
Read moreTitan Europe chief executive Mike Akers has added a total of 200,000 shares to his shareholding in the agricultural and construction vehicle wheels manufacturer following yesterday's trading update. AIM-quoted Titan said that its strong order book meant that it would perform ahead of budget in 201
Read moreAndrew Bonfield, who was appointed to the board of Kingfisher in February, has opened his account with the home improvement retail group. The non-executive director bought 10,000 shares at 245.15p a time in the B&Q owner, paying a total of £24,515. Bonfield was the chief financial officer of Cadbu
Read moreLondon brought its two day losing streak to an end today, despite a mixed reception to the day's major company announcements and a disappointing set of inflation figures. A sharp rise in fuel costs was responsible for much of the acceleration in the inflation rate, which climbed to 3.4% from 3% in
Read moreThe blue-chip index shuffled sideways over the lunch time session with not even expectations of a firm opening on Wall Street encouraging buyers to commit further. Earlier in the day sentiment had received a knock from worse than expected inflation data. A sharp rise in fuel costs was responsible f
Read moreShares in Baobab Resources jumped after the Mozambique-focused metals explorer said it intersected 'significant widths' of magnetite-ilmenite mineralisation at the Chimbala prospect in the Tete region of the country. Fuel cell system firm IdaTech expects revenues for 2010 to be lower than expectati
Read moreShares in provider Strategic Thought, which provides risk management software to large organisations such as the miner Rio Tinto and the London Underground, fell after it said results will fall short of expectations as a result of slippage in two major contracts. It expects revenues for the year to
Read moreShares in Global Petroleum and Tower Resources slumped after the companies reported that the Avivi-1 well in Uganda had reached its total depth without showing any oil. Avivi-1 is owned by Tower, while Global has an option to earn a 25% interest in the licence, by funding 25% of the costs. 'Electr
Read moreFund manager Aberdeen Asset Management's three executive directors have all sold shares awarded under the deferred share award plan in order to finance their tax bill relating to the award. Chief executive Martin Gilbert raised £416,370 by selling shares at 132p each. Finance director Bill Rattray
Read moreThere was no shortage of company news to give Footsie direction but it was the release of housing data in the US that ultimately dragged the leading share index into the red. Housing starts increased to a seasonally-adjusted annual rate of 590,000 last month, up 0.5% above a revised 587,000 in Oct
Read moreFootsie is struggling to find any sense of direction despite some big movements in individual companies' share prices. Fast growing software company Autonomy is finding the market hard to please. Despite another spell of strong organic growth in the third quarter, the shares are the worst performer
Read moreFootsie made a valiant effort to finish the morning in the blue but came up just short, thanks largely to the weakness of financial stocks. Barclays is sharply lower, after Qatar's sovereign wealth fund said it was selling half of the warrants it holds in the bank. Qatar Holding is selling 379.22
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