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19 Oct 2010 17:49

No Evolution bid for Panmure

Evolution says that it has decided not to bid for fellow broker Panmure Gordon. Evolution says that it reviews Panmure's interim results and subsequently made an indicative conditional proposal to Panmure's board. That proposal was rejected and Evolution does not believe that further discussions a

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15 Oct 2010 15:49

QInvest considering options for Panmure stake

It appears that Evolution may have more chance of acquiring rival broker Panmure Gordon than first thought because QInvest is rumoured to be considering selling its 44% stake in the broker. Ironically, Qatar-based investment bank QInvest has asked Lazard to advise it on its options. Lazard used to

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8 Oct 2010 17:29

Evolution given Panmure bid deadline

The Takeover Panel has told broker Evolution that it has until 5pm on 28 October to make a firm bid for Panmure Gordon. Fully listed Evolution has said that it is interested in buying its AIM-quoted rival but has put no firm proposals on the table. If it does not make a bid by the deadline it will

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4 Oct 2010 08:37

London open: Gains short-lived

Renewed interest in the insurance sector and strong miners nudged London into positive territory, but Monday morning blues soon kicked in and stocks are now in the red. Reports in his morning's papers reveal RSA, Resolution, Switzerland's Zurich Financial Services and Germany's Allianz discussed mo

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4 Oct 2010 07:35

London pre-open: Footsie to renew assault on 5600

London is expected to open cautiously firmer with City traders thinking the FTSE 100 index might just about breach the 5600 barrier at the opening, which would mean a rise of around 7 points from Friday's close. Hovis bread and Branston Pickle owner Premier Foods has confirmed reports in the weeken

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29 Sep 2010 14:57

Small caps round-up: Avocet Mining, Panmure, Evolve Capital...

Avocet Mining is on the up again after increasing new proven and probable ore reserve at the Inata gold mine in Burkina Faso and a mine life extended to 2018 at an average annual production of 120,000 ounces. The new mineral reserve of 16.3m tonnes grading 2.06 grammes per tonne for 1.08m ounces o

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23 Sep 2010 17:03

Evolution ponders Panmure bid

Broker and fund manager Evolution Group says that it is considering a bid for AIM-quoted broker Panmure Gordon. Evolution says that a Panmure offer is one of a number of options under consideration. No formal discussions have taken place with Panmure. Evolution says it is waiting to assess Panmu

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24 May 2010 15:16

Panmure Gordon making progress

Panmure Gordon's chairman, Simon Heale, said at the stockbroking firm's annual general meeting on Monday that the "business is making progress against a background of volatile markets and a challenging economic backdrop," and indicated that the second half of the year would be stronger than the firs

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24 Mar 2010 14:29

Small caps round-up: S& U Stores, Panmure Gordon, Silanis ...

Retail lender S&U Stores upped profits by 9% to £9m last year, as debt quality improved in a 'rigorous underwriting and tight cost control against a background of customer caution'. Revenues were flat at £454.8m. Sales in both divisions rose in the second half of the year, as home credit enjoyed a

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11 Mar 2010 17:02

London close: Miners pull index lower

London bounced off 5,600 despite a weak start on Wall Street but still closed in the red on a poor day for miners. Falling commodity prices and China inflation concerns prompted profit taking in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata. Speculation rose that Chin

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11 Mar 2010 14:32

London afternoon: Footsie holds above 5,600

A steady decline continued through lunch, but London bounced off 5,600 despite a weak start on Wall Street as mining sector losses narrowed very slightly. Falling commodity prices have damaged miners Thursday. Investors decided to take profits in Fresnillo, Randgold, Rio Tinto, ENRC, Kazakhmys, BHP

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11 Mar 2010 12:08

London midday: Thos. Cook a ray of sunshine

The Footsie has drifted into the red, weighed down by the weakness of mining stocks. Among the miners Fresnillo, Randgold Resources, Rio Tinto, ENRC, Kazakhmys, BHP Billiton and Xstrata are all on offer, as metals prices retreat. Smith & Nephew is under the weather after coming out on the wrong

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26 Jan 2010 08:08

Small caps round-up: Real Good Food, Griffin Mining, Probability...

Orders from big name customers such as Marks and Spencer's and Costa Coffee has been keeping ingredients and bakery products supplier The Real Good Food Company busy. The firm has reduced bank borrowings from £29.1m to £21.3m and improved its sales performance. Strong sales have also been aided by

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30 Dec 2009 16:44

London close: Dull day for blue chips

Footsie closed near its low for the day after banks and miners turned down on very low volumes ahead of a short day's trading tomorrow. A flat start on Wall Street didn't help, but it was Royal Bank of Scotland, Barclays and Standard Chartered that led the the banks down while miners Fresnillo, Rio

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30 Dec 2009 11:43

London midday: Stocks slip lower

Tops stocks are lower with two of the bigger sectors of the market weighing. Royal Bank of Scotland, Barclays and Standard Chartered are down amongst the banks while miners Fresnillo, Rio Tinto, Lonmin and Anglo American also fall. Petrofac, the oil services firm, is outperforming after news of

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