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Small caps round-up: McKay Securities, Burford Capital, Ilika

Wed, 24th Nov 2010 15:37

McKay Securities, a real estate investment trust (REIT) focussed on commercial property in the South East, saw adjusted pre-tax profit drop to £2.52m in the half year to 30 September, down from £4.12m a year ago.Chairman David Thomas said the proceeds from last year's disposals still haven't been reinvested, resulting in lower rental income and profit.Commercial dispute investor Burford Capital has raised $175m (£110m) via a placing at 110p a share, allowing the company to continue its investment programme.The fundraising creates the world's largest dispute financier, boss Christopher Bogart said.Cleantech materials firm Ilika, which listed on AIM in May, grew half-year revenue by 37% to £607,271, though the loss before tax increased to £1.88m from £1.78m in 2009."We have made excellent progress in executing our expansion strategy, especially in the key growth markets of Asia and North America," chairman Jack Boyer said. "Utilisation of the company's existing R&D equipment grew to 65%, leaving ample capacity for the company to focus on new opportunities to grow the business. We are well placed to secure these opportunities and look forward to achieving further growth in the current year and beyond." Oil and gas group Independent Resources saw pre-tax losses grew to £2.2m in the year to September 30 from £600,000 the previous year. The company, which is developing projects in Italy, does not have any revenues yet.Building services group Northern Bear reported an improvement in profits in the year to September 30 as the economic environment improved.Pre-tax profits climbed to £705,000 from £665,000 the previous year as revenues climbed to £15.9m from £15.6m.Future, the specialist publisher behind magazines such as Total Film and Guitar World, lifted pre-tax profits in the year to September 30 despite flat revenues, but remains cautious.Adjusted pre-tax profits climbed to £8.3m from £7.6m the previous year, but revenues slipped to £151.5m from £153.1m. 'Consumer confidence is still fragile on both sides of the Atlantic, so our outlook for 2011 must remain cautious even though we've seen an encouraging 5% growth in the second half of 2010,' said chief executive Stevie Spring.
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26 Mar 2014 11:30

UK WINNERS & LOSERS: Standard Life Leads FTSE 100 Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

Standard Life, up 5.2%. The company has agreed to buy Ignis Asset Mana

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26 Mar 2014 10:25

Independent Resources Announces Resource Estimate For Ksar Hadada

LONDON (Alliance News) - Independent Resources PLC Wednesday announced a USD837 million unrisked net present value for its Ksar Hadada permit, onshore Tunisia. The exploration and development oil firm said a Competent Persons Report carried out by Blackwatch Petroleum Services Ltd showed to

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20 Feb 2014 09:56

Independent Resources Moves Closer To Ksar Hadada Licence Extension

LONDON (Alliance News) - Oil firm Independent Resources said it has received a formal notice from Tunisia's Ministry of Industry, Energy and Mines inviting it along with Enterprise Tunisienne d'Activités Pétrolières to submit a revised programme to cover the proposed extended period of the Ksar H

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30 Dec 2013 14:17

Independent Resources' Pretax Loss Widens On Rivara Gas Storage Appeal

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21 Aug 2012 16:19

RSA director ditches shares

Timothy Mitchell, the Group Underwriting and Claims Director of RSA Insurance Group, has sold 77,500 shares a few weeks after the firm posted a significant decline in profits. Mitchell traded in the shares for 113.48p each, earning himself a total of £87,947. At the beginning of the month the fi

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22 Feb 2012 11:04

Resource stocks round-up: Rambler, Madagascar Oil, Ind. Resources ...

Rambler Metals and Mining said gold production in the second quarter of them miner's financial year was 4,022 ounces at its wholly-owned Ming gold and copper mine in Newfoundland. The average daily gold throughput for January was 600 metric tons per day (mtpd) with the highest one day throughput bei

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19 Dec 2011 10:28

Independent Resources doing lambada on approval for Rivara

The Italy focused gas company, Independent Resources (IRG), has seen its share price rocket 17% this morning on news of government approval for the "appraisal phase" of its Rivara project in the Po Valley. IRG wants to build a large gas storage facility underground at the site to alleviate Italy's

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8 Aug 2011 15:39

Sainsbury's finance boss heads to the till

John Rogers, chief financial officer at J Sainsbury, has purchased 17,000 shares at 285.7p, at a total value of £48,569. The purchase increases his stake in the company from 175,342 to 192,342 shares. Rogers, who has worked for Sainsbury's since 2005, was appointed to the board in July last year

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3 May 2011 15:17

Independent resources jumps on estimates

Shares in Independent Resources advanced after it announced the results of an independent review of its gas and coal resources in Italy. Original gas in place and gross prospective gas resources for the main coal seam, together with associated low-grade coal and organic matter-rich shale at the Ri

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12 Oct 2010 11:50

Small caps round-up: Orosur Mining, Imperial Innovations...

Orosur Mining had a "good" first quarter as an increase in production to the upper end of expectations aided a swing to profit for the three months ended August 31. The company reported net income of $3.5m compared with a loss of $2.2m a year ago as output hit 12,937 ounces of gold and the average

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3 Aug 2010 14:14

London afternoon: Fire sale at BP continues

After yesterday's dramatic rise London is taking a pause for breath today and either digesting the steady stream of big company results already out this week or preparing for results from the giants of the insurance and banking sectors later this week. Insurance colossus Aviva , scheduled to releas

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3 Aug 2010 12:09

London midday: Rally stalls

A mid-morning rally petered out just before noon leaving the FTSE 100 index still in negative territory, though not by much. Specialist banking group Investec is the heaviest faller in the FTSE 100. It has raised £104.5m through a placing of 22m shares at 475p each. The placing increases the share

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3 Aug 2010 09:28

London close: Footsie fights back

Footsie fought hard to finish in the blue after easing back following yesterday's surge, and was just a whisker short of positive territory at trading's close. An improvement on Wall Street after a shaky start breathed life into London's leading share index. Insurance colossus Aviva , scheduled to

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3 Aug 2010 08:15

Independent Resources draws a blank

Shares in AIM-listed Independent Resources took a tumble on Tuesday morning after a disappointing drilling outcome. The Oryx-1 exploration well, on the Ksar Hadada Permit in Tunisia, has been plugged and abandoned after log analysis indicated there was no significant oil saturation in the reservoir

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