21 Aug 2014 11:26
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Mon, 01st Jun 2009 08:37
London has opened sharply higher after gains in Asia overnight and with strong showings by the mining and oil sectors.There are only a handful of fallers this morning so far with the miners and oil stocks pushing the index higher. Xstrata, Vedanta and Lonmin are leading the way with Cairn Energy the best of the oil groups.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.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.
More News
17 Jul 2014 11:49
11 Jun 2014 07:31
UK MORNING BRIEFING: Sainsbury's Leads FTSE 100 Gainers
LONDON (Alliance News) - Sainsbury's leads FTSE 100 gainers at the open Wednesday despite reporting its second consecutive decline in quarterly sales.
However, the overall market has opened lower, depressed by a group of ex-dividend stocks such as VodafoneRead more
11 Jun 2014 07:10
Nighthawk Energy Says Net Monthly Revenue Exceeds USD5 Million
LONDON (Alliance News) - Nighthawk Energy PLC Wednesday said it has achieved strong production rates at its Smoky Hill and Jolly ranch projects in Colorado, allowing its net monthly revenue to exceed USD5 million for the first time. The US-focused oil development and production company said
Read more21 May 2014 14:55
Nighthawk Energy To File For Dismissal Of Case "Completely Without Merit"
LONDON (Alliance News) - Nighthawk Energy PLC Wednesday said it will file for dismissal of a case filed against it in a Colorado state court in the US, adding that it regards the claim as "financially immaterial" relative to its current production, revenue and profitability. In a statement,
Read more9 May 2014 09:43
Nighthawk Energy Moves Closer To Oil Production Target
LONDON (Alliance News) - Nighthawk Energy PLC Friday said it has moved a step closer to its target of producing 3,000 barrels of oil a day, after a strong production performance in April. The US-focused oil development and production company said 2,153 barrels of oil a day was recorded from
Read more17 Apr 2014 16:02
Nighthawk Energy plans refinancing after 'significant' oil discovery
AIM-listed US oil producer Nighthawk Energy made an 'highly significant' oil discovery at one of its well at its Snow King project in Colorado. Snow King's 13-33 well began production on April 12th from the Mississippian Spergen formation, the same pay-zone as its nearby producing Arikaree Creek oi
Read more17 Apr 2014 07:46
Nighthawk Makes New Oil Discovery At Snow King 13-33
LONDON (Alliance News) - Nighthawk Energy PLC Thursday said it has made a new oil discovery at its Snow King 13-33 exploration well, close to its major Arikaree Creek oil field in Colorado. The oil and gas exploration and production company, which operates in the US, said the Snow King 13-3
Read more17 Apr 2014 07:24
UK MORNING BRIEFING: Diageo Sales Dip On Emerging Market Hit
LONDON (Alliance News) - Spirits and alcoholic beverage giant Diageo Thursday reported another dip in sales in the third quarter due to further volume declines and weaker Emerging Markets. The world's largest spirits producer, and a major producer of beer and wine, said that organic net sal
Read more28 Mar 2014 13:25
UK MIDDAY BRIEFING: FCA To Review Pensions, Life Insurance Policies
LONDON (Alliance News) - The life insurance sector was dragging down UK stock indices again Friday after the UK Financial Conduct Authority said it is set to begin an inquiry into up to 30 million policies sold from in the years prior to 2000.
The FTSE 350 sector is down 5.0% in rea
28 Mar 2014 11:33
UK WINNERS & LOSERS: Strategic Natural Rebounds; Life Insurers Fall
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
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FTSE 100 - WINNERS
Glencore Xstrata, up 1.9%, Anglo American, up 1.6%, and Rio Tinto, up 1.4