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Pin to quick picksPantheon Resources plc Share News (PANR)

Share Price Information for Pantheon Resources plc (PANR)

London Stock Exchange
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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
PANR Live PriceLast checked at -

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London close: Footsie left behind

Fri, 30th Jul 2010 16:34

Footsie was the sick man of Europe at trading's close as it failed to sustain a recovery that followed a downward turn sparked by disappointing US economic data.US gross domestic product (GDP) data for the second quarter was disappointing. Inflation adjusted and seasonally adjusted gross domestic product rose at an annualised rate of 2.4% in the second quarter, a significant slow-down from the 3.7% annualised gain in the first quarter. The second quarter figures was only marginally below market expectations, but had repercussions across the pond here in the UK, pushing prices lower. Mainland European bourses were in the blue or near at the close, but not London's leading share index.Investors turned to utilities, not just because of their traditional defensive qualities, but because of bid hopes after EDF sold its UK electricity grid operation to a consortium headed by Hong Kong billionaire Li Ka-Shing for £5.8bn. Severn Trent, National Grid and United Utilities are all ahead.Embattled airline British Airways finished higher after the company said it still expects to break-even for the year even though ash clouds from Iceland and strike action caused losses to grow at during a tough first quarter. Losses before tax jumped to £164m in the three months ended 30 June from £148m a year ago as revenue fell by £46m, or 2.3%, to £1.94bn. Passenger revenue dropped 3.4% on capacity down 11.2%. BA blamed "additional finance costs and the impact of non cash foreign exchange movements" for its higher pre-tax loss.Gold miner Randgold Resources was lifted by comments in the afternoon from chief executive Mark Bristow, who said its recent discovery of a gold deposit at Gounkoto in western Mali confirms the region's potential for further finds of this size.Elsewhere in mining, Anglo American's interim results came in slightly below analyst forecasts but the mining giant said it remains confident about its prospects. The group also announced that it reinstated its dividend payments with an interim dividend of 25c per share. Revenue came to $15.02bn in the six months ended 30 June compared with $11.13bn last time, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $5.41bn from 2.99bn previously. Sticking with the miners, Indian mining giant Vedanta more than doubled EBITDA in the first quarter, though mined metal production dropped slightly on last year.Broadband group TalkTalk has signed a deal with Vodafone to launch a mobile service under its own brand. The group also updated the market on quarterly figures. It added 34,000 net new broadband customers in the quarter, taking the total base to 4.231 million.Bid target Dana Petroleum's Fin-1X exploration well has discovered a new oil field, in the North Zeit Bay area in the Gulf of Suez, in Egypt . The latest find follows the discovery of the Lorcan oil field last month in the same area, Dana said.Rentokil is to merge its pest control and washrooms businesses to cope with 'increasing price pressures', especially in Europe. Profits in the half year to June rose from £8.2m to £30.9m, with underlying profits up 37% to £77m. Revenues fell though, by 2.3% to £1.23bn.The first six months of 2010 were "encouraging" for insurance broker Jardine Lloyd Thompson as profit easily beat expectations.Paper and packaging group Mondi confirmed underlying operating profit for the first half of 2010 will be considerably higher than last year.Media conglomerate UBM is on track to meet expectations for the full year despite a decline in profit before tax at the half-way stage. Pre-tax profit for the six months ended 30 June fell to £58.1m from £59.5m, but was down 8% at £61.9m before exceptional items. Revenue was little changed at £434.3m. Adjusted operating profit rose 6% to £83.2m. Funeral home operator Dignity was among the top performers in the FTSE 250 after it reported higher first-half revenue and profit and said it is on track to meet full-year expectations.Home maintenance specialist Homeserve reports good progress during the first four months of the year, with guidance unchanged.Gourmet Burger Kitchen restaurant chain owner Clapham House has confirmed that it has received a bid approach. The shares have shot up by more than a third over the last week.Shares in Avisen dropped after the performance management specialist's pre-tax losses widened to £3.1m from £100,000, partly due to the costs associated with integrating new acquisitions.Film and DVD distributor Metrodome said talks regarding a possible acquisition of all or part of Target Entertainment have terminated after the companies failed to agree mutually satisfactory commercial terms with the various stakeholders of Target. The board will continue to look at other possible acquisitions, it said.Oil and gas group Pantheon, which operates in Louisiana and Texas, saw its shares fall after reporting delays in drilling at one of its wells.Shares in Norseman Gold fell even after the Australian gold producer unveiled a rise in production to 14,469 ounces from 14,114 the previous month, with gold prices rising to A$1,343 an ounce from A$1,224.FTSE 100 - RisersUnited Utilities Group (UU.) 585.00p +4.37%Severn Trent (SVT) 1,316.00p +2.81%British Airways (BAY) 219.90p +1.81%Randgold Resources (RRS) 5,745.00p +1.41%Lloyds Banking Group (LLOY) 69.60p +1.00%BG Group (BG.) 1,023.00p +0.99%SABMiller (SAB) 1,943.50p +0.88%African Barrick Gold (ABG) 537.50p +0.75%Smith & Nephew (SN.) 555.00p +0.73%Eurasian Natural Resources (ENRC) 907.00p +0.72%FTSE 100 - FallersEssar Energy (ESSR) 413.10p -3.68%Man Group (EMG) 218.00p -2.42%SEGRO (SGRO) 280.30p -2.40%Rexam (REX) 309.10p -2.34%Legal & General Group (LGEN) 90.00p -2.28%Shire Plc (SHP) 1,457.00p -2.21%Pearson (PSON) 990.50p -2.12%Investec (INVP) 496.60p -2.05%Whitbread (WTB) 1,410.00p -2.02%3i Group (III) 284.50p -2.00%FTSE 250 - RisersBodycote (BOY) 237.10p +4.87%Dunelm Group (DNLM) 396.90p +4.34%International Personal Finance (IPF) 243.60p +3.26%Dignity (DTY) 703.00p +3.08%Laird (LRD) 123.00p +2.50%Pennon Group (PNN) 591.00p +2.34%Savills (SVS) 319.10p +2.28%F&C Commercial Property Trust (FCPT) 92.50p +1.82%Rank Group (RNK) 119.00p +1.71%Melrose (MRO) 234.00p +1.61%FTSE 250 - FallersInchcape (INCH) 300.80p -6.50%Salamander Energy (SMDR) 237.80p -6.23%Premier Foods (PFD) 19.02p -5.37%Homeserve (HSV) 2,181.00p -5.22%Charter International (CHTR) 722.50p -4.75%Hansen Transmissions International (HSN) 68.50p -4.40%Rentokil Initial (RTO) 102.70p -4.29%Ferrexpo (FXPO) 277.20p -4.25%CSR (CSR) 342.10p -4.17%Mcbride (MCB) 141.60p -4.13%
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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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