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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%
More News
3 Jan 2013 09:25

Nighthawk wells closed by excess water

Shares in Nighthawk, the US focused shale oil development and production company, fell on Thursday after it said weather problems had kept one of its mines closed. Its wholly-owned Knoss 6-21 well in the Jolly Ranch Denver-Julesburg Basin in Colorado had to be shut shortly after production began in

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3 Dec 2012 12:34

Nighthawk Energy unveils highly successful drilling campaign

On Monday morning Nighthawk Energy provided a drilling update on its Steamboat Hansen 8-10 well, the highlight of which was that it confirmed the potential of a shale formation located in the northern part of its acreage. As well, the AIM listed and US focused shale oil development and production c

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6 Nov 2012 08:34

Gyllenhammar doubles stake in Nighthawk Energy

Activist value investor Peter Gyllenhammar has more than doubled his stake in Nighthawk Energy by converting a loan note into equity. Gyllenhammar, a Swedish investor renowned for spotting undervalued companies, now holds 10.9% of AIM-listed Nighthawk, a US-focused shale oil development and product

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1 Nov 2012 09:42

Resources round-up: Nostra Terra, Nighthawk, Sunrise

US-focused oil and gas producer Nostra Terra is to abandon work on the first well drilled at its Bale Creek prospect to concentrate on the second well drilled, which is now producing oil at a rate of 2.5 barrels per hour. Nighthawk Energy, a US-focused shale oil development and production company,

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19 Oct 2012 09:13

Resources round-up: Mariana, Red Rock, Nighthawk

Mariana Resources, the mineral exploration company focused on South America, has completed due diligence and is press on with the earn-in option with Condor Resources for the Condor de Oro project in Northern Peru, as detailed in its announcement on October 4th. Condor has granted Mariana two opti

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27 Sep 2012 16:00

Broker tips: Compass, Nighthawk, Rexam

Seymour Pierce has turned less positive on Compass Group, despite the contract caterer's fourth quarter numbers coming in ahead of expectations. According to the broker's calculations, the company's £0.5bn budget to buy back shares should be blown by the end of the year, at which point the question

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27 Sep 2012 15:21

Broker snap: Nighthawk's results of historical interest only

Westhouse Research, the house broker for US-focused shale oil development and production company Nighthawk Energy, said Thursday morning's poorly received full year results are of historical interest only. The results cover the period of the transfer between the David Bramhill management and the ne

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27 Sep 2012 09:05

Resources round-up: Astar Minerals, Nostra Terra, Eurasia Mining

Astar Minerals, an operator of quarries in British Columbia, has signed a heads of terms with Aggregates West to operate a number of quarries based in an area between the US/Canadian border and Seattle. Aggregates West as a number of sites with high quality reserves of sand and gravel and either own

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21 Sep 2012 16:48

London close: Stocks finish flat, Sterling up but overbought

Footsie's movements were being directed by the Grand Old Duke of York today and, as in the old nursery rhyme, ended the day more or less neither up nor down. Extra time often leads to penalties What was set up to be the big item of the day, the decision from the independent directors of mining gr

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21 Sep 2012 11:50

London midday: Stocks tread water

After a bright start London reversed course shortly after 10:00 and the top-share index is now little changed. Miners are still going well, clawing back some of yesterday's losses, but utilities are out of favour, especially National Grid, after JP Morgan Cazenove downgraded the stock to "underweig

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21 Sep 2012 08:34

Nighthawk soars on oil success at Jolly Ranch

Nighthawk, a US-focused shale oil development and production company, has said a continuous 24-hour flow test on the John Craig 6-2 well at its 75 per cent owned and operated project at Jolly Ranch in the Denver-Julesburg Basin, Colorado, produced over 600 barrels of oil. The well tested commercia

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27 Apr 2012 14:33

Resource round-up: Thor Mining, ECR Minerals, Jupiter Energy

Thor Mining has said that the deasibility study for the Molyhil tungsten and molybdenum project in Australia's Northern Territory is progressing but there 'remains a substantial amount of due process and procedural work to be completed'. The report is consequently now not due before June 2012. ECR

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23 Jan 2012 16:35

Another Tesco director races to the checkout

Senior Independent Director of Tesco's, Patrick Cescau, has become the third director to hit the till with a trolley load of shares this month. Cescau footed a £60,247 bill having purchased 18,340 shares at 328.5p each. It's proved to be something of a trolley-dash in the past few weeks, with

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17 Jan 2012 08:52

Nighthawk raises more cash

US-focused oil firm Nighthawk said it had raised around £2.9m by selling more new shares to investors. The 115.7m new shares, which have been placed with institutional and other investors at 2.5p per share, come at a discount of 7.4% to the closing share price yesterday. The sale is part of a wide

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26 Oct 2011 14:36

Nighthawk spreads its wings

Nighthawk, the US-focused oil development and production company, has raised around £1.97m through the placing of 78,892,000 new ordinary shares at 2.5p per share. Steve Gutteridge, chairman of Nighthawk, said the move "represents an initial and welcome step towards rebuilding value for Nighthawk s

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