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NGLFri, 20th May 2011 17:14
Gary Steinepreis, a non-executive director at Norseman Gold, has splashed out £165,000 building up his stake in the miner. He bought 1m shares at 16.5p a time through his company Ascent Capital and now has 5.03m shares, which is about 2.3% of the company. Shares in Norseman have slumped since the
Read moreFootsie finished on or around its high point for the day but just shy of the 6,000 level. Risers outnumbered fallers by about three to one among FTSE 100 constituents, with resource stocks featuring prominently among the laggards. Real estate investment trusts British Land and Land Securities led
Read moreMining stocks were under the weather today, as higher-than-expected inflation figures in China have led some to anticipate tightening measures by the government, which could have an impact on the demand in metals. Blue chips Vedanta, BHP Billiton and Rio Tinto are in the red. A big mover in the se
Read moreThe top share index failed to regain the 6,000 level in the morning, but came close before subsiding just before midday. Banks are dragging the index lower, offsetting good gains among property companies. Banks such as Royal Bank of Scotland, Lloyds and Barclays are off the pace as sentiment sour
Read moreAustralian gold producer Norseman Gold hit a 52-week low after it said slow progress at some of its operations means it will make an operating loss this year. While the group's North Royal open pit has continued to ramp up and produce ore broadly in line with schedule, the OK Decline has continued
Read moreAll four of the Next executive directors have bought shares as part of the retailer's share matching plan. Chief executive Simon Wolfson has invested £335,000 by acquiring 16,439 shares at 2038.45p a share. Wolfson owns 1.64m shares, which is 0.91% of Next. Group product director Christo Angelid
Read moreStockbroker WH Ireland made pre-tax loss of £0.3m in the 12 months to November, much less than the £2.1m deficit reported the year before. Turnover fell 25% to £18.4m, but the new financial year has started well, in line with the firm's internal budget and much better than for the previous year.
Read moreAustralian gold producer Norseman Gold has raised £10m through a placing of 22.22m shares at 45p each. The funds raised will be used to bring the company's North Royal open pit into production, and to provide additional working capital. The company is hoping to produce between 120,000 and 140,000 o
Read moreGold production from Norseman Gold in the quarter to December fell to 11,162 ounces from 12,229 in the preceding three months, raising its costs above the current gold price. As a result of the lower production profile, the net direct cash operating costs per ounce for the quarter were A$1,342 per
Read moreAustralian miner Norseman Gold suffered a drop in production during the first quarter to 12,229 ounces from 14,469 ounces in the three months to June following a fatality at the OK Decline in August. The accident caused a three week shutdown at the mine and meant output was well below target but i
Read moreLast week, Bob Dudley, BP's new chief executive, hinted that the company's dividend may be restarted this year. BP suspended its dividend in June for the first time in 18 years as the fallout from the Macondo oil well accelerated. If the dividend is reinstated at the lower level expected by the ma
Read moreInternational Ferro Metals increased its sales of ferrochrome by 87% to 190,432 tonnes in the year to June 2010. Revenues grew from Rand782,000 to Rand1.43m. IFM returned to profit in the second half but lost Rand157,000 in the year to June 2010, down from a Rand456,000 loss the year before. A ne
Read moreHay fever treatment specialist Allergy Therapeutics posted an operating profit for the year to June of £1.5m (2009: loss £5.1m) and cut losses to £116,000 from £11.4m. "On the regulatory front, the submission in March 2009 of Pollinex Quattro Grass, our ultra-short course four injection grass alle
Read moreAustralian coal miner Caledon Resources posted heavy losses in the six months to June 30 due to the strengthening of the Australian dollar, despite a recovery in coal prices. It posted a loss of A$7.1m, marginally less than the $7.7m deficit of the same period the previous year, as revenues slipped
Read moreVectura is at its highest since mid- March after GlaxoSmithKline agreed a £20m deal to license some of the inhaled therapies developer's formulation patents. Glaxo will pay Vectura £10m in September and £10m by the time two of the compounds are launched. It will also receive royalties worth up to £
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