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London close: Footsie buoyed by global rally

Mon, 01st Jun 2009 16:35

London's top stocks finished with stellar gains as optimism about the global economy boosted markets worldwide. Hopes of a recovering economy pushed forward commodities. Oil is near $68 per barrel, while copper climbed to $5,000 per tonne, its highest since October. Gold rose to $985 an ounce. Copper miner Xstrata finished strongly with Antofagasta, Vedanta and platinum giant Lonmin 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. Defensives were down though with Centrica the biggest faller along with Drax and BAE.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 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 - RisersXstrata (XTA) 756.00p +10.53%Vedanta Resources (VED) 1,724.00p +9.04%Liberty International (LII) 396.50p +8.19%Legal & General Group (LGEN) 65.20p +7.95%Anglo American (AAL) 1,910.00p +7.48%Thomas Cook Group (TCG) 238.25p +7.44%Cairn Energy (CNE) 2,672.00p +7.31%Old Mutual (OML) 78.40p +6.96%Aviva (AV.) 357.25p +6.80%Johnson Matthey (JMAT) 1,287.00p +6.72%FTSE 100 - FallersCentrica (CNA) 237.50p -3.46%Compass Group (CPG) 349.00p -2.24%Amlin (AML) 342.75p -2.00%BAE Systems (BA.) 335.00p -1.98%Drax Group (DRX) 480.75p -1.84%Sage Group (SGE) 187.10p -1.53%Tesco (TSCO) 359.30p -1.53%Randgold Resources (RRS) 4,346.00p -1.16%HSBC Holdings (HSBA) 552.00p -0.81%Autonomy Corporation (AU.) 1,527.00p -0.72%FTSE 250 - RisersCookson Group (CKSN) 311.50p +15.37%Talvivaara Mining Company (TALV) 377.25p +13.12%Charter International (CHTR) 596.50p +12.87%F&C Asset Management (FCAM) 88.25p +10.66%Barratt Developments (BDEV) 173.00p +9.15%John Wood Group (WG.) 307.25p +9.05%Euromoney Institutional Investor (ERM) 226.00p +8.92%Ashtead Group (AHT) 56.25p +8.70%Ferrexpo (FXPO) 176.00p +8.64%Enterprise Inns (ETI) 160.50p +8.45%FTSE 250 - FallersMicro Focus International Plc (MCRO) 368.75p -6.70%Catlin Group (CGL) 335.00p -5.63%Novae Group (NVA) 362.00p -3.47%SDL International (SDL) 320.75p -3.10%Hiscox (HSX) 315.50p -2.92%BTG (BGC) 149.00p -2.77%Pace (PIC) 195.00p -2.50%Berkeley Group Holdings Units (BKG) 866.50p -2.26%Domino Printing (DNO) 215.00p -1.83%Jardine Lloyd Thompson Group (JLT) 421.50p -1.52%
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29 Oct 2013 09:23

Nighthawk Energy Rises After Colorado Site Farm-Out Deal

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16 Oct 2013 10:25

Nighthawk Energy Begins Drilling Programme In Colorado

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8 Oct 2013 07:29

Nighthawk Energy Says New Wells Increase Oil Production 142%

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25 Sep 2013 07:13

Nighthawk Energy Loss Cut As Revenues Surge On Higher Production

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13 Sep 2013 10:32

Nighthawk Energy reports record oil production for August

Nighthawk Energy, the US-focused oil and natural gas company, said production at its Smoky Hill and Jolly Ranch projects in Colorado hit a new monthly record in August. It reported gross average oil production last month reached 1,661 barrels a day with an average price of $97 a barrel. The Aim-li

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13 Sep 2013 09:57

Nighthawk Achieves Record Oil Production Levels In Colorado

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5 Aug 2013 07:06

Monday broker round-up UPDATE

Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N

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19 Jul 2013 14:55

Nighthawk Energy secures funding for projects

US-focused oil company Nighthawk Energy has entered into a short-term debt facility to fund the purchase of the remaining 25 per cent working interest in its Smoky Hill and Jolly Ranch projects in Colorado. The group exercised its option to acquire stake on July 4th and expects to complete the tran

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27 Jun 2013 10:31

Nighthawk Energy advances on positive drilling update

Nighthawk Energy, the US-focused oil development and production company, has reported the presence of hydrocarbons at the Mississippi Spergen formation. In a drilling and development update on the Arikaree Creek oilfield at its 100% controlled and operated Smoky Hill project in the Denver-Julesburg

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18 Jun 2013 09:22

Colorado oil production report lifts Nighthawk Energy

Shares in AIM-listed Nighthawk Energy rose on Tuesday after the US-focused oil development and production company reported that oil production at Arikaree Creek exceeded 1,000 barrels per day. In a production update covering the group's 100%-controlled and operated smoky Hill and Jolly Ranch projec

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4 Jun 2013 08:04

Nighthawk upbeat about Colorado oilfield after discovery

US focused oil explorer Nighthawk Energy said that drilling at its Taos 1-10 well at the Smoky Hill project in Colarado has confirmed an oil column, causing shares to surge on Tuesday morning. Taos 1-10 was drilled to a target depth of 8,315 feet and found 35 feet of gross pay interval in the Missi

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30 May 2013 11:51

Nighthawk Energy jumps on production update

Shares of Colorado focused shale oil producer Nighthawk Energy rallied as investors cheered a positive production and operations update at its Smoky Hill and Jolly Ranch projects in the Denver-Julesburg Basin. The group confirmed that the Big Sky 4-11 well, located on the Arikaree Creek oil field,

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11 Apr 2013 08:39

Nighthawk well positioned after record March

Nighthawk Energy, the Colorado focused shale oil producer, pumped a record monthly volume of oil from its wells and is generating free cash for further investment. The company averaged 372 barrels per day in March, well ahead of February's 284 and January's 280 barrels, and pledged further increas

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14 Mar 2013 09:11

Nighthawk's oil production and revenues soar

US-focused shale oil company Nighthawk posted a 65 per cent increase in revenues for the last half of 2012 on the back of record production. Group revenues came to $1.6m, up from $0.9m in the previous half, as gross production grew 165% to 135 barrels of oil per day. During the period, the company

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6 Feb 2013 10:46

Nighthawk shares lift off on Jolly Ranch update

Shares in US-focused shale oil development and production company Nighthawk Energy rose on Wednesday after the company published a positive production and operations update for its projects in Colorado. The AIM-listed company revealed that net revenue from oil sales for the two months of December a

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