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London afternoon: UK joins global rally

Mon, 01st Jun 2009 14:26

Footsie is still going well as markets rally globally amid further hopes that the world economy is beginning to recover. Oil rose to $68 per barrel, while copper climbed to $5,000 per tonne, its highest since October. Gold rose to $985 an ounce. Copper miner Antofagasta is one of the best performers alongside Xstrata and Vedanta, though platinum giant Lonmin is also joining in the fun.Housebuilder Taylor Wimpey is higher on another encouraging housing market update. Hometrack, the housing market analyst, said that the average house price stayed the same from April to May at £155,600, the first time in 20 months it hasn't fallen month-on-month. A sharp rally in equities from March helped investment company Alliance Trust post a slight rise in its net asset value (NAV) during the first quarter of 2009. The shares are up slightly.Not all stocks are going well though. Daily Mail publisher Daily Mail and General Trust (DMGT) falls back after being downgraded to 'sell' from 'hold' by Citi, though the target price has been held at 250p. Citi has boosted its full-year earnings per share forecasts for 2009 for DMGT by a quarter, but this largely reflects the 15% tax rate the group is expected to be charged in the near term.A consortium that includes services, maintenance and building group Interserve has bagged two public/private partnership education contracts in Northern Ireland . Interserve will provide facilities management services for four newly built schools. The services are valued at a combined £34m over 25 years.Electrical components maker Chloride's order book is at record levels, despite a marked slowdown in order intake in the second half of its financial year. The company announced a 28% increase in pre-tax profits to £39.8m in the year to 31 March 2009, from £31.1m the previous year. US-focused oil group Nighthawk Energy tumbled on news it and its partner Running Foxes have agreed to sell to finance group San Severina a 20% working interest in the Jolly Ranch prospect in Colorado. Nighthawk will receive $10.9m initially and a further $29m if all of the options are exercised.Mainland Europe property investor Hansteen said it is continuing to see resilience in its main markets, with net occupancy rising between 31 December and 15 May.Cake and bread maker Finsbury Food has received an early stage bid approach, the AIM-listed firm confirmed this morning. "The preliminary approach was exploratory in nature and the directors believe that there is considerable doubt that an offer will be forthcoming from this party," the company said.Specialist printing group Printing.com reported a 15% decline in full year profit as margins came under pressure, but announced a special dividend and said it is attracting a record level of new clients. Pre-tax profit fell to £2.06m for year ended 31 March 2009 from £2.42m before. Turnover during the period was up 7.3% to £14.47m.FTSE 100 - RisersVedanta Resources (VED) 1,705.00p +7.84%Xstrata (XTA) 732.00p +7.02%Legal & General Group (LGEN) 64.60p +6.95%Barclays (BARC) 317.75p +6.81%Antofagasta (ANTO) 668.50p +6.28%Cairn Energy (CNE) 2,639.00p +5.98%Schroders NV (SDRC) 759.50p +5.93%Johnson Matthey (JMAT) 1,277.00p +5.89%Lloyds Banking Group (LLOY) 72.00p +5.88%Aviva (AV.) 354.00p +5.83%FTSE 100 - FallersCentrica (CNA) 236.00p -4.07%Drax Group (DRX) 476.50p -2.71%HSBC Holdings (HSBA) 544.50p -2.16%Sage Group (SGE) 186.00p -2.11%Compass Group (CPG) 350.00p -1.96%Amlin (AML) 343.25p -1.86%Tesco (TSCO) 358.60p -1.73%BAE Systems (BA.) 336.75p -1.46%British American Tobacco (BATS) 1,673.00p -0.89%Autonomy Corporation (AU.) 1,527.00p -0.72%FTSE 250 - RisersCookson Group (CKSN) 307.00p +13.70%Talvivaara Mining Company (TALV) 369.00p +10.64%Barratt Developments (BDEV) 173.75p +9.62%Taylor Wimpey (TW.) 34.75p +8.59%Euromoney Institutional Investor (ERM) 225.00p +8.43%Enterprise Inns (ETI) 159.75p +7.94%Charter International (CHTR) 564.50p +6.81%Ashtead Group (AHT) 55.25p +6.76%John Wood Group (WG.) 300.25p +6.57%DSG International (DSGI) 25.00p +6.38%FTSE 250 - FallersCatlin Group (CGL) 339.25p -4.44%PV Crystalox Solar (PVCS) 75.00p -3.85%Micro Focus International Plc (MCRO) 382.00p -3.35%Hiscox (HSX) 314.75p -3.15%SDL International (SDL) 321.00p -3.02%Hansard Global (HSD) 133.00p -2.56%Domino Printing (DNO) 213.50p -2.51%Stobart Group (STOB) 104.00p -2.12%Greggs (GRG) 392.50p -1.88%Robert Wiseman (RWD) 381.75p -1.86%
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19 Jul 2018 11:41

Nighthawk Energy Sells All Operating Assets In US For USD18 Million

LONDON (Alliance News) - US-focused, UK-listed oil company Nighthawk Energy PLC said on Thursday it has closed the sale of all assets belonging to its US operating subsidiary Nighthawk Production

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29 Jun 2018 12:24

US Court Approves Nighthawk Energy Asset Sale Ahead Of Wind-Up

LONDON (Alliance News) - Nighthawk Energy PLC on Friday said a court in the US has approved the sale of all of its assets, following which the company will be wound up.On Thursday, the US a

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11 Jun 2018 13:52

Nighthawk Energy Cancels General Meeting For Reconstruction Focus

LONDON (Alliance News) - US-focused oil company Nighthawk Energy PLC said on Monday it has cancelled its general meeting scheduled for June 28, after shareholders Fasighets AB Korpralen and Johan

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16 May 2018 14:33

NightHawk Energy US Subsidiary Files For Chapter 11 Bankruptcy

LONDON (Alliance News) - US focused oil development and production company Nighthawk Energy PLC said Wednesday that its US subsidiary Nighthawk Production LLC has filed a voluntary petition for 11

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14 May 2018 18:09

UK High Court Notes Nighthawk Energy's Bankruptcy Proceedings In US

LONDON (Alliance News) - US-focused oil and gas company Nighthawk Energy PLC said on Monday it has obtained orders from the UK High Court recognising the Chapter 11 proceedings between the company

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10 May 2018 14:07

Shareholders Call Meeting To Remove Nighthawk Energy Leadership

LONDON (Alliance News) - Nighthawk Energy PLC on Thursday said it has received a requisition notice from shareholders to remove both its executive chairman and chief operating officer.The

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4 May 2018 18:18

Nighthawk Energy Appoint Bankruptcy Expert As Non-Executive Director

LONDON (Alliance News) - US focused oil development company Nighthawk Energy PLC said Friday Drew McManigle is to become it new non-executive director with immediate effect.McManigle is of

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1 May 2018 11:30

Nighthawk Energy Files For Chapter 11 Bankruptcy Protection

LONDON (Alliance News) - NightHawk Energy PLC on Tuesday said it has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware to preserve its ability to a

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20 Apr 2018 10:36

WINNERS & LOSERS SUMMARY: Reckitt Slides After Missing Forecasts

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - LOSERS----------Reckitt down it

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20 Apr 2018 10:17

Nighthawk Energy Shares Drop 66% As It Gets Default Notice From Bank

LONDON (Alliance News) - Shares in Nighthawk Energy PLC plunged on Friday as it said it had defaulted on a loan with assets now possibly subject to foreclosure or "other shares were trading a

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23 Mar 2018 11:45

Nighthawk Energy Says Workovers Complete In Several Wells

LONDON (Alliance News) - Oil company Nighthawk Energy PLC said Friday that between November and January several wells required non-routine workovers, which have now been three

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15 Feb 2017 11:31

Nighthawk reports rise in total 3P reserves

(ShareCast News) - Nighthawk says its total 3P reserves rose to 3.89m barrels at 31 December, 2016, from 3.64m barrels a year earlier. Total proved reserves rose to 1.54m barrels, from 1.41 barrels. Probable reserves rose to 1.8m barrels, from 1.42m barrels, while possible reserves fell to 545,000 b

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16 Dec 2016 09:06

Nighthawk Energy reaches settlement with Cascade Petroleum

(ShareCast News) - US-focused oil development and production company Nighthawk Energy announced the execution of a settlement agreement regarding the Monarch Joint Development Agreement on Friday. The AIM-traded firm said it was entering into the settlement agreement with Cascade Petroleum, under th

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30 Nov 2016 09:17

Nighthawk Says Production Remains "Strong" Despite Decline In Output

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11 Nov 2016 10:29

Nighthawk Energy updates on water flood pilot project

(ShareCast News) - AIM-listed oil development and production company Nighthawk Energy has received approval on one injector well and has begun the injection of water at its water flood pilot project at Arikaree Creek in Colorado. The group had announced delays to the project on 1 November, but on Fr

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