Management Resource Solutions Share News (MRS)

Management Resource Solutions Trading In Line As Profit Rises

Management Resource Solutions Unaware Of Reason For Share Price Fall

Melrose Resources hit by Egyptian performance

A drop in production at its Egyptian assets has seen oil and gas player Melrose Resources deliver half year revenues down year-on-year. Turnover for the six months to the end of June was $128m against $156m at the same point in 2011. Profits before tax came in at $52.1m versus $61.8m in the prior

Petroceltic makes bid for Melrose Resources

Oil and gas group Petroceltic International has launch a recommended bid for its sector peer Melrose Resources, which has assets in Egypt and Bulgaria. Under the deal, which would double AIM-listed Petroceltic's operations, Melrose shareholders will receive 17.6 new Petrolceltic shares for every Me

Colfax offers 910p a share for Charter International

Shares in engineer Charter International jumped after it revealed that Colfax, the US manufacturing group that was earlier this month named as a mystery bidder for Charter, is considering making a 910p a share offer. Colfax - which supplies fluid-handling products including pumps, fluid handling sy

Melrose Resources lowers 2011 production estimate

Shares in Melrose Resources fell back after the oil and gas group cut its full-year production forecast following some problems at its Egyptian operations. The company now expects to produce 36m barrels of oil equivalent a day over 2011, down from a previous estimate of 40.5m. In the six months to

Melrose Resources plugs Bulgarian well

Shares in Melrose Resources fell back after the oil and gas group said had plugged and abandoned its Kaliakra East-1 exploration well in the Bulgarian Black Sea after the reservoir interval was found to be eroded. Nevertheless Melrose is pressing on with exploration of the Galata Block, where the w

Enquest chief exec spends more millions

Enquest's chief executive Amjad Bseisu has been increasing his stake in the FTSE 250-listed North Sea oil and gas group, spending nearly £3m on shares. Double A, "a discretionary Trust in which the extended family of Amjad Bseisu have a beneficial interest" took about 2.44m shares at 121.6p a time

Standard Life boss's wife buys

Caroline Nish, the wife of Standard Life's chief executive David Nish, has taken more shares in the insurer, spending £100,000. She took 49,335 shares at 201.4p a pop and now has 620,744. In a trading update in April, David Nish said Standard Life had a good start to 2011. "Strong sales across ou

Melrose Resources cuts production guidance by 8%

Oil and gas group Melrose Resources has cut its full-year production guidance by 8% after disappointments at two of its Egyptian wells. The firm now expects to produce 40.5 thousand barrels of oil equivalents per day (Mboepd) in 2011, down from its previous guidance of 44 Mboepd. The North East Ab

Paragon Diamonds boss takes holding to 86.5%

The chairman of Paragon Diamonds, Francesco 'Frank' Scolaro, has tightened his grip on the African gemstone group with the purchase of nearly £400,000 in shares. His Grandinex International Corporation took 1.29m shares at 30.47p a share taking Scolaro's total holding to about 123.4m shares, which

Small caps round-up: Forte Energy, Futura Medical, Hightex...

Forte Energy has completed a 7,000m drilling program at its A238 uranium anomaly in the north of its leases in Mauritania and a 1,500m diamond drilling program should be completed next month. "These initial results are from the first pass shallow drilling along strike, and confirm the presence of

Small caps round-up: CBG, GVC, Intandem...

Insurance broker CBG warned this year's revenue is likely to be lower than market forecast and as result, adjusted profit before tax is expected to be significantly below current expectations. The market background for the insurance broking division remains highly competitive and margins remain und

Dip in third quarter production for Melrose Resources

Oil and gas explorer and producer Melrose Resources says that its third quarter production averaged 41m barrels of oil equivalent per day (boepd) with production in Bulgaria starting after the end of the period. That figure is 6% lower than the same period in 2009 as Melrose is holding down produc

London close: Good day for blue chips

Blue chips had a good day buoyed by the response to General Motor's record breaking US float and hopes for a deal in Ireland. Patrick Honohan, the head of Ireland's central bank, confirmed a loan is likely, with brokers suggesting it could be as much as €85bn, including €20bn to provide support for