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London midday: Stocks stuck lower after jobs disappointment

Wed, 17th Aug 2011 11:56

Stocks are still under the cosh, with some weak employment data adding to the general malaise.Dole claims rose the most since May 2009 last month as pressures on the British economy intensified. The Office for National Statistics (ONS) said that the number of people claiming unemployment rose to 37,000 in July, almost double expectations.In company news brewing giant SABMiller goes hostile with its £6bn bid for Fosters, after the Australian brewer's directors showed no interest in discussing a takeover. SABMiller is offering A$4.90 per Foster's share, though the offer price will be reduced by an amount equivalent to any dividend or distribution paid by Foster's subsequent to the bid announcement.Shares in Talvivaara Mining fell sharply after the Finnish miner said sales in the second quarter were held back by a maintenance stoppage and a decrease in the nickel price. Sales totalled €37.6m, up from €35.2m in the same quarter the previous year. The company posted an operating loss of €1.2m, against a gain of €2.5m the previous year. Infrastructure group Balfour Beatty is lower after saying it expects markets to remain tough in the short term as it posted a meagre rise in underlying pre-tax profits and revenues for the half year to 1 July. Underlying pre-tax profits rose to £138m from £133m, while revenues edged up to £5.222bn from £5.16bn. Kazakh mining giant ENRC pointed to continued growth in neighbouring China and the recovery elsewhere as it posted a sharp rise in profits and revenues in the first half year. Revenues were up by 32% from the same period the previous year at $4.011m while EBITDA (earnings before interest, depreciation and amortisation) climbed by 33% to $1.927bn.Educational publisher Pearson, is lower despite saying it is to receive a belated $115m cash windfall from the sale of its Government Solutions business back in 2006. The business has subsequently been sold on again to General Dynamics.Turning to smaller companies, car dealer Lookers motors forward. It posted flat profits in the half year to 30 June as tough economic conditions and the removal of the government's subsidy scheme battered the new car market. Pre-tax profits slipped to £21.3m from £21.4m on revenues that edged up to £1bn from £988m. Advertising firm MediaZest falls sharply even after it said group revenues have improved since the start of the new financial year in April 2011 with momentum expected to carry on into the quarter ending 30 September 2011. Oil and gas group Matra Petroleum falls after reporting "frustrating" problems at its Well in the Sokolovskoe Field in Russia. It has suffered from a build-up of wax.FTSE 100 - RisersEurasian Natural Resources Corp. (ENRC) 646.00p +2.30%GKN (GKN) 202.50p +2.07%Fresnillo (FRES) 1,895.00p +1.83%Unilever (ULVR) 2,069.00p +1.67%Associated British Foods (ABF) 1,039.00p +1.66%Weir Group (WEIR) 1,936.00p +1.47%Shire Plc (SHP) 1,990.00p +1.38%Resolution Ltd. (RSL) 271.10p +1.19%Glencore International (GLEN) 399.75p +0.95%Kazakhmys (KAZ) 1,038.00p +0.87%FTSE 100 - FallersHargreaves Lansdown (HL.) 437.50p -4.48%ICAP (IAP) 425.70p -4.23%Standard Life (SL.) 204.10p -3.91%IMI (IMI) 836.50p -3.35%Barclays (BARC) 175.55p -3.33%Schroders (SDR) 1,470.00p -3.29%Petrofac Ltd. (PFC) 1,182.00p -2.80%Hammerson (HMSO) 414.80p -2.77%Royal Bank of Scotland Group (RBS) 25.03p -2.72%Schroders (Non-Voting) (SDRC) 1,194.00p -2.61%FTSE 250 - RisersSpirit Pub Company (SPRT) 46.75p +6.25%Redrow (RDW) 124.10p +4.81%Ocado Group (OCDO) 123.50p +4.04%Aquarius Platinum Ltd. (AQP) 252.70p +3.74%Perform Group (PER) 175.10p +2.94%Premier Foods (PFD) 15.24p +2.90%Croda International (CRDA) 1,788.00p +2.52%Berendsen (BRSN) 473.00p +2.20%African Barrick Gold (ABG) 542.00p +2.07%Supergroup (SGP) 1,000.00p +2.04%FTSE 250 - FallersTalvivaara Mining Company (TALV) 326.30p -9.44%London Stock Exchange Group (LSE) 827.00p -5.00%IG Group Holdings (IGG) 405.90p -4.87%Balfour Beatty (BBY) 250.80p -4.60%Tullett Prebon (TLPR) 353.40p -4.43%Regus (RGU) 79.50p -3.46%JKX Oil & Gas (JKX) 202.00p -3.35%Hays (HAS) 73.90p -3.34%Henderson Group (HGG) 137.60p -3.10%National Express Group (NEX) 234.00p -2.82%
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23 Apr 2014 12:16

Matra Petroleum To Cancel Trading On AIM

LONDON (Alliance News) - Matra Petroleum PLC Wednesday said that the resolution to cancel its admission of shares on AIM has been approved, and the cancellation of trading will take effect from May 1. The US focused oil and gas investment company had been suspended from trading for five mon

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14 Apr 2014 10:56

Matra Petroleum Gets Additional USD10 Million For Arkhangelovskoe Licence

LONDON (Alliance News) - Matra Petroleum PLC Monday said that it has received an additional USD10 million payment from the acquirer of the Arkhangelovskoe Licence, and had therefore dropped its request for the guarantor to make the payment. In a statement on April 3, the company said that i

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7 Apr 2014 14:02

Matra Petroleum Swings To Pretax Profit On Disposal Gain

LONDON (Alliance News) - Matra Petroleum PLC Monday said it swung to a pretax profit in 2013 as a result of cash from its Sokolovskoe oil field disposal in Russia during the period. The US-focused oil and gas investment company, which is currently proposing to cancel the admission of the co

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3 Apr 2014 10:54

Matra To Seek Outstanding USD10 Million Payment For Arkhangelovskoe

LONDON (Alliance News) - Matra Petroleum PLC said Thursday it is preparing a formal request to JSC joint stock commercial bank Jugra in Megion City in Russia for the USD10 million that remains due for the Arkhangelovskoe Licence. Jugra is the guarantor for the undisclosed party that acquire

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1 Apr 2014 11:16

Matra Petroleum Proposes Admission Cancellation To Complete Reverse Takeover Deal

LONDON (Alliance News) - Matra Petroleum PLC Tuesday said it is proposing to cancel the admission of the company's shares trading on AIM in order to complete the reverse takeover of PG-M International LLC. The US focused oil and gas investment company had been suspended from trading for fiv

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10 Feb 2014 11:33

Matra Petroleum Announces Results Of Independent Reserve Audit

LONDON (Alliance News) - Matra Petroleum PLC Monday announced the results of an independent reserve audit conducted by DeGolyer and MacNaughton. The US focused oil and gas investment company said the study tested the company's leasehold interests, including those in the Texas Panhandle regi

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22 Jan 2014 10:59

Matra Petroleum Completes Phase 2 Investment In Texas

LONDON (Alliance News) - Matra Petroleum PLC Wednesday said it has completed phase two of its investment in the Texas Panhandle region of the US. The oil and gas investing company said it has completed phase two of the three stage acquisition of certain oil and gas leaseholds in Texas throu

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31 Oct 2013 12:23

Matra Petroleum Suspended As It Makes Its First US Investments

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14 Oct 2013 13:48

Urals Energy bounces as rival takeover bid emerges

Russian oil explorer Urals Energy has received a cash bid from an unnamed investor that could thwart the takeover aspirations of a rival pair of shareholders. AIM-listed Urals was requisitioned 10 days ago by shareholders Alpcot Capital Management and Fire East Corporation, who together hold just

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30 Sep 2013 13:15

Matra Petroleum Shifts Investment Focuses To US

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11 Jun 2013 09:50

Matra shares soar on Arkhangelovskoe disposal

AIM-listed oil and gas eploration company Matra Petroleum has signed an agreement to dispose of its 100 per cent interest in the Arkhangelovskoe Licence, which includes the Sokolovskoe Field, to a third party. The sales consists of an initial payment of $25m with a further payment of $10m payable w

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14 May 2013 09:36

Matra Petroleum updates resource estimate for Sokolovskye field

AIM-listed oil and gas exploration and production company Matra Petroleum has provided an update on the level of resources estimated to be present at its 100 per cent owned Sokolovskye oil field in Orenburg, Russia. The company reported that 3D seismic data interpretation had identified that the Ap

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12 Apr 2013 09:32

Matra Exploration appoints new Chairman

Matra Exploration announced the appointment on Friday of Bill Guest as Chairman. Guest, who has 37 years of experience in oil and gas including work for Shell International and Monument Oil, succeeds the late Sir Michael Jenkins. He has been a Non-Executive Director of Matra since 2010 and is als

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19 Mar 2013 07:46

Matra Petroleum completes seismic survey on Sokolovskoe oil field

Matra Petroleum announced on Tuesday it has completed the seismic survey on its Sokolovskoe oil field in Orenburg, Russia. Field works were carried out on the prospect, including a survey of 100 kilometres of 2D seismic and 60 square kilometres of 3D seismic. The company said seismic results reve

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5 Jul 2012 10:03

Resource round-up: Sirius Minerals, Matra, AFC Energy

Global potash firm Sirius Minerals reported promising results at its project in York. It said a third borehole at the site had revealed lateral consistency of the deposit, which the firm said was an important step to achieve sufficient defined resource to underpin financing of the project. AFC Ener

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