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MRSTue, 06th Jul 2010 12:30
LONDON (Dow Jones)--Oil and gas explorer Melrose Resources PLC (MRS.LN) Friday said it made its third consecutive discovery offshore Bulgaria. Melrose said the gas discovery was at the Kavarna East No. 1 well in the Galata block. It estimates the discovery, which is near two other recent discove
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ROCKHOPPER EXPLORATION PLC (RKH.LN), a Falkland Islands-focused oil and gas explorer, said Tuesday Executive Chairman Pierre Jungels bought another 23,35
Read moreLONDON (Dow Jones)--Oil and gas explorer Melrose Resources PLC (MRS.LN) Tuesday said it is seeking a buyer for its mature oil fields in Texas and New Mexico in order to focus on its projects in Europe and North Africa. Melrose said it has asked its advisers to sound out potential interest in its
Read moreBUCHAREST (AFP)--Two consortia have obtained oil and gas drilling rights in an area of the Black Sea shelf won in 2009 by Romania, after a decades-old spat with Ukraine, the Agency for Mineral Resources, or ANRM, said Monday. The consortia, made up of Lukoil Overseas-Vanco International, and Mel
Read moreTwo executive directors of Cable & Wireless Communications have taken advantage of the shares going ex-dividend on Wednesday and added to their shareholdings. The final dividend payment of 3.34p a share is the first dividend since Cable & Wireless Worldwide was spun off. Chief executive Tony Ric
Read moreLONDON (Dow Jones)--FTSE Group said Wednesday African Barrick Gold PLC (ABG.LN) and Essar Energy PLC (ESSR.LN) are to join the FTSE 100, and Thomas Cook Group (TCG.LN) and London Stock Exchange Group (LSE.LN) will leave the index and join the FTSE 250 Index. MAIN FACTS: -The changes are part
Read moreUnderwriter Chaucer has reported a 3% dip in first quarter total gross written premium income to £250.1m, which KBC Peel Hunt said shows discipline. "Despite a high level of losses to the Chilean and Deepwater catastrophes in Q1, the tone of Chaucer's IMS is positive," said the broker. "The group i
Read moreImpax, the investment manager focused on environmental sector, saw its assets under management rise by 40% in the six months to March 31 as markets improved. 'Evidence of improving macroeconomic conditions, particularly in the United States and in the Asia-Pacific region, has resulted in continued
Read moreWhile it has been a busy day on the company news front in the FTSE 100, there has been little to move shares in the mid-cap index. Resource stocks are mixed, with oil group Wellstream and zinc and nickel miner Talvivaara vying for top spot, but oil and gas group Melrose Resources among the heaviest
Read moreOil group SOCO International has gushed higher after it said the second phase of development has begun on the Ca Ngu Vang oil and gas field, offshore Vietnam. The first well in the programme, CNV-6P-ST1, is expected to take around 60 days to drill. Oil-related stocks in general are boosted by stro
Read moreThe blue-chip index finished marginally higher after a Budget that was light on bells and whistles While there was little in the Budget to excite anyone other than first-time buyers, cider drinkers and British occupants of Dominica, Grenada and Belize, the corporate news scene was busy, with half
Read moreThe Chancellor of the Exchequer has delivered his Budget speech and the net effect has been to leave the Footsie barely changed on the day. Banks seem to have been the major beneficiaries of the Chancellor's speech, with the absence of any bank bashing leading to firmer prices for part-nationalised
Read moreBellway leads the risers. The housebuilder upped its dividend by 10% after moving back into profit in the half year to January 31. Pre-tax profits during the six month period totalled £19m, up from a loss of £48.6m. Turnover climbed to £360.8m from £320.2m, as falling house prices attracted new buy
Read moreOil and gas explorer Melrose Resources reported a 78% decline in annual pre-tax profit, hurt by a drop in commodity prices, but believes 2010 will be a year of significant growth. Profit before tax of fell to $30.9m for the year ended 31 December 2009 from $143.3m in 2008. Turnover fell to $224m fr
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