Rurelec Share News (RUR)

Rurelec To Get USD31.5 Million In May From Bolivia

LONDON (Alliance News) - Rurelec PLC Tuesday said that the Attorney General of Bolivia had confirmed in a press conference over the weekend that the country will pay the company USD31.5 million in May, as settlement for seizing the company stake in the country's largest power producer in 2010.Read more

Rurelec Finally Reaches A Deal With Bolivia For Compensation

LONDON (Alliance News) - Rurelec PLC Wednesday said it had reached a deal with Bolivia over the payment of compensation for the nationalisation of its stake in the country's largest power producer, agreeing to waive some of its entitlement in return for a fast payment in early May. The powe

Sector movers: Electricity, utility stocks gain as risk appetite falls

Just two sectors - electricity and utilities - were trading in positive territory on Monday as investors sought out 'safer' defensive stocks in the face of a wider market sell-off. Defensives sectors are those which have a low correlation to economic activity and generally perform well in times of

DIRECTOR DEALINGS: Rurelec CEO Transfers Shares

LONDON (Alliance News) - Rurelec PLC Thursday said Chief Executive Peter Earl transferred 2.0 million shares to his self-invested personal pension at a price of 7.5 pence per share. As a result of this transaction Earl's holding remains unchanged at 6.9 million shares, which represents appr

Rurelec Confirms Plan To Pay Out Some Of Its Compensation To Shareholders

LONDON (Alliance News) - Rurelec PLC Wednesday confirmed that it plans to use some of the proceeds of its recent Bolivian arbitration award to make a dividend distribution to shareholders. On Saturday, the power generation company was told that the Permanent Court of Arbitration in The Hagu

MARKET COMMENT: UK Stocks Close Lower; Sterling Plummets

LONDON (Alliance News) - UK stocks closed lower Monday as the global equity sell-off continued amid growing concerns about both the Chinese and US economies. Meanwhile, the pound was hit following weaker-than-expected UK PMI manufacturing data. UK stocks opened fractionally lower Monday aft

Northern Petroleum Chief makes modest investment

Northern Petroleum on Monday announced that its Chief Executive Officer, Keith Bush, had the same day purchased 85,000 ordinary shares. Costing 31.18p each, Bush spent a total of £26,503 on the shares. The purchase marks his only holding in the group. Meanwhile, fellow board member, Stewart Gibs

UK MIDDAY BRIEFING: Mis-Selling Bill Continues To Mount For UK Banks

LONDON (Alliance News) - UK banks are still counting the cost of their product mis-selling, with Lloyds Banking Group Monday adding a further GBP1.93 billion to the amount it has set aside to cover claims for previous sales of payment protection insurance and interest rate hedging products. Read more

UK WINNERS & LOSERS: Rurelec Drops 25% As Bolivia Award Disappoints

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

-------

FTSE 100 - WINNERS

Randgold Resources, up 2.1%. In a difficult environment for gold miners,

UPDATE: Rurelec Wins USD41 Million In Arbitration Proceedings Against Bolivian Government

LONDON (Alliance News) - Rurelec PLC Saturday said the Permanent Court of Arbitration in The Hague confirmed a finding in favour of the company with regards to its Bolivian compensation claim. Rurelec spent 2013 fighting to get compensation after the Bolivian government nationalised its 50.

Rurelec Wins Arbitration Proceedings Against Bolivian Government

LONDON (Alliance News) - Rurelec PLC Saturday said the Permanent Court of Arbitration in The Hague confirmed a finding in favour of the company with regards to its Bolivian compensation claim. The power generation company spent 2013 fighting to get compensation after the Bolivian government

Rurelec Expects Bolivian Arbitration Ruling After Close Friday

LONDON (Alliance News) - Rurelec PLC Friday said the Permanent Court of Arbitration in The Hague has confirmed that the Bolivian compensation award decision will be released after market hours Friday. The power generation company spent 2013 fighting to get compensation after the Bolivian go

STOCKS NEWS EUROPE-UK's AIM small cap index outperforms

The FTSE Small Cap Index is flat, while the FTSE AIM All Share small caps equity index rises 0.2 percent, performing broadly in line with a 0.1 percent rise on the FTSE 250 mid-cap index but outperforming a flat blue-chip FTSE 100 index. Medical products group Tissue Regenix surges 15.1 pe

Rurelec non-exec nearly doubles stake, Alent's Larsberg continues to build stake

Rurelec, which owns, operates and develops power generation capacity internationally, announced on Monday that at the end of last week Larry Coben, an independent Non-Executive Director, purchased 400,000 ordinary shares in the group at 13.25p each. The £53,000 purchase takes Coben's stake in the

DIRECTOR DEALINGS: Rurelec Non-Executive Buys 400,000 Shares