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Share Price Information for Pantheon Resources plc (PANR)

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Share Price: 29.20
Bid: 29.00
Ask: 29.25
Change: 1.40 (5.04%)
Spread: 0.25 (0.862%)
Open: 29.75
High: 30.95
Low: 27.80
Prev. Close: 27.80
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London afternoon: Waiting for the dust to clear

Wed, 17th Nov 2010 14:35

Investors continue to adopt a wait and see approach, biding their time until the Irish debt situation becomes clearer.UK economic news has been good, but not amazingly so. There was an unexpected fall in unemployment in October and a widely-anticipated three-way split in views on the Bank of England's Monetary Policy Committee (MPC) when it last met.The number of Jobseekers' Allowance claimants fell by 3,700 in October to 1.4654m, the first drop since July.The Bank of England's interest rate setting committee, the MPC, was split three ways again this month, though a large majority still voted for no change in either the level of interest rates or the size of the current quantitative easing programme. Andrew Sentance again wanted a quarter-point rise in interest rates while Adam Posen voted for an increase in the stimulus package to £250bn.Credit checking firm Experian is a star performer after it saw improving trends across all regions in the first half of its financial year. Revenue from continuing activities in the six months to 30 September was up 8% at constant exchange rates, while organic revenue growth was 7%. Total group revenue improved to $2bn from $1.9bn the year before. Profit before tax fell to $283m from $316m.Derivatives broker ICAP is another in demand after first half underlying revenue rose 2%. Total turnover in the half year to September rose by 9% to £867m, but profits tumbled from £150m to £116m after one-off charges. Underlying profits rose by 2% to £183m with operating profits up 9% at £197mUtility group Centrica said it had a strong third quarter, with operating profit forecasts for 2010 "slightly" ahead of current market expectations, though earnings per share will likely match estimates. British Gas, which last week announced a 7% hike in bills for both electricity and gas, is still doing well. The number of residential energy accounts on supply is up 270,000 since the start of the year, while services accounts have jumped 181,000. BHP Billiton is to increase its spending on its iron ore mine operation at Pilbara, Western Australia by $635m. The investment comes a month after BHP and Rio Tinto abandoned plans to merge their Pilbara operations in the face of regulatory, customer and shareholder objections.Rolls-Royce provided a welcome distraction from its aeroplane engine woes today, announcing the first order for its new 'wave-piercing' boat to the Norwegian shipping group Farstad.Business publisher Informa saw continuing growth and recovery in its three main divisions in the first 10 months of 2010. The company said it is trading in line with management expectations and is seeing encouraging renewals and forward bookings for next year.Chip designer Imagination Technologies is building up its war chest to fund an acquisition spree, starting with HelloSoft, a US voice over internet protocol (VOIP) operator. Imagination is paying a maximum of $47m for Hellosoft, a company that has technology patents that are complementary to Imagination's. The final consideration is dependent on the performance of Hellosoft over the next three years.The coalition government's strategic defence review is broadly neutral for military decoy flares and mine detection firm Chemring, which today uncovered a 42% increase in revenue for the fourth quarter. In 2011, the UK will only represent 15% of group revenue, it said.Premier Foods, the Hovis bread, Bisto gravy and Branston pickle group, has received approaches for its East Anglian canning operations, which could lead to a sale of the unit. The company said back in August that it was "open minded" about disposals as long as they deliver shareholder value and speed up the reduction of average net debt/EBITDA.That was not the only M&A-related action in the food sector for investors to digest. Irish ready made meals supplier Greencore and Goodfellas pizza and Fox's biscuits group Northern Foods have agreed a 50:50 merger that will save £40m a year. The new company will trade as Essenta Foods when the deal completes, expected during the second quarter of 2011. Over 30% of Greencore and almost 12% of Northern's shareholders have already backed the move.Mother and baby retailer Mothercare produced a 22% surge in half yearly profit and increased its dividend as global sales continued to flourish compared to a weaker UK performance. For the 28 weeks ended 9 October 2010 underlying pre-tax profit increased to £12.2m. Group sales were up 2.5% at £397.1m.Fashion chain Ted Baker's sales soared by over a fifth in the past three months as wholesale sales powered forward and UK business held up well.Housebuilder Barratt Developments has had a weaker than expected autumn selling season, though new site openings will drive a "limited" increase in volume growth for the full year.SIG, a supplier of insulation and construction products, said it is confident of reaching full year profit expectations and posted a modest rise in second half sales.Engineer Morgan Crucible's profits this year are expected to be in "in the top half of analyst forecasts" after strong sales since the half year.Plant hire specialist Speedy Hire has grown UK revenue, volume and average hire rates for the third quarter in a row following a further increase in the three months to 30 September, and October was up 5% on the year before.Entertainment content owner and distributor Entertainment One saw underlying earnings increase by a third in the first half and said the second half has started off well.Texas-focused oil explorer Pantheon Resources' loss for the year to September fell to £2.54m, from £3.05m last year, which included impairment charges of £1.4m for the abandonment of the Vision Rice University number 1 well.Ethanol producer GTL Resources is doing well after more than doubling interim pre-tax profit to $6.2m from $2.5m last year on revenue up 2% to $109.2m.Record company and music publisher Chrysalis piped up to remind us that it will also be a beneficiary of the deal to put Beatles songs on iTunes, as the Fab Four's legendary producer George Martin is one of its clients.
More News
14 Jun 2024 11:04

Pantheon Resources announces bond repayment and private placement

(Alliance News) - Pantheon Resources PLC on Friday said it will issue over 7 million new shares to repay unsecured bonds, and announced a private placement for extra working capital.

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11 Jun 2024 17:06

Pantheon Resources releases independent report on Ahpun field

(Sharecast News) - Pantheon Resources announced the results of an independent expert report (IER) by Cawley Gillespie & Associates (CGA) for the Ahpun field on Tuesday, estimating 280 million barrels of recoverable ANS crude oil.

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11 Jun 2024 16:34

EARNINGS AND TRADING: Chariot loss narrows; Destiny Pharma approval

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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5 Jun 2024 16:12

IN BRIEF: Pantheon Resources rises on gas sales deal with AGDC

Pantheon Resources PLC - oil and gas company, focused on developing the Ahpun and Kodiak onshore oil fields in Alaska - Announces that, alongside Alaska Gasline Development Corp, Great Bear Pantheon LLC, Pantheon's subsidiary, has entered into a gas sales precedent deal with AGDC subsidiary, 8 Star Alaska LLC. According to the contract, Pantheon agrees to supply up to 500 million cubic feet per day of natural gas at a maximum base price of USD1 per million British thermal unit in 2024 dollars. The US state of Alaska also has several options to reduce the natural gas unit price by working with Pantheon to reduce the cost of project financing.

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5 Jun 2024 12:03

LONDON MARKET MIDDAY: European blue-chips up ahead of likely rate cuts

(Alliance News) - Stock prices in London were mostly higher at midday on Wednesday, but underperforming their European peers, as markets geared up for possible rate cuts in Europe and Canada.

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5 Jun 2024 11:20

AIM WINNERS & LOSERS: Pantheon Resources' Great Bear enters sale deal

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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3 May 2024 20:10

TRADING UPDATES: Eqtec trading in line; Surface Transforms fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

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9 Apr 2024 12:07

Pantheon Resources shares jump on updated independent report

(Sharecast News) - Pantheon Resources shares jumped on Tuesday morning, after it announced the findings of its updated independent expert report (IER).

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9 Apr 2024 10:11

Pantheon Resources up after upgraded estimates for Alaskan project

(Alliance News) - Pantheon Resources PLC on Tuesday said the company is increasingly confident following the conclusions of a report conducted by analysts from Netherland Sewell & Associates Inc.

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3 Apr 2024 11:53

TRADING UPDATES: RBG sells Convex; Nexteq eyes share buyback

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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28 Mar 2024 11:44

Pantheon Resources reports planning and funding progress

(Sharecast News) - Pantheon Resources reported progress in its development planning and funding initiatives in an update on Thursday.

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18 Mar 2024 11:43

Pantheon Resources loss widens as revenue for first half plunges

(Alliance News) - Pantheon Resources PLC on Monday reported that its interim loss widened as its "modest" revenue plummeted.

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5 Mar 2024 18:16

IN BRIEF: Pantheon Resources in talks for potential Alaskan gas supply

Pantheon Resources PLC - Oil and gas company focused on developing the Ahpun and Kodiak fields, onshore US - Notes share price movement. Confirms discussions with shareholders for a potential supply of natural gas to consumers in south central Alaska. Says company's planning basis continues to rely upon reinjection of all hydrocarbons that cannot be exported through the Trans-Alaska pipeline system main oil line.

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22 Jan 2024 14:33

UK shareholder meetings calendar - next 7 days

Tuesday 23 January 
C4X Discovery Holdings PLCAGM
Goldplat PLCAGM reconvened
Marston's PLCAGM
Mitchells & Butlers PLCAGM
Wednesday 24 January 
Botswana Diamonds PLCAGM
Henderson Far East Income LtdAGM
Lowland Investment Co PLCAGM
Pantheon Resources PLCAGM
Tracsis PLCAGM
Thursday 25 January 
Alteration Earth PLCAGM
Britvic PLCAGM
Greencore Group PLCAGM
Henderson European Focus Trust PLCAGM
Ixico PLCAGM
Treatt PLCAGM
Friday 26 January 
Avon Protection PLCAGM
JPMorgan China Growth & Income PLCAGM
On The Beach Group PLCAGM
tinyBuild IncGM re fundraise
WH Smith PLCAGM
Monday 29 January 
Hollywood Bowl Group PLCAGM
Landore Resources LtdEGM re conditional fundraising shares
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Dec 2023 15:50

UK earnings, trading statements calendar - next 7 days

Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
no events scheduled 
Thursday 28 December 
no events scheduled 
Friday 29 December 
Pantheon Resources PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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