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LONDON (Alliance News) - The FTSE 100 closed modestly higher Friday, ensuring that the index closed the week in positive territory for the second week in a row, but was prevented from pushing even higher by another disappointing performance by the FTSE 350 life insurance sector index, which ended
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South African miner Strategic Natural Resources (SNR) is in talks with a potential financial saviour only a day after saying it had received a winding-up order. SNR, which owns 74% of Elitheni Coal, said it was in ongoing talks with a potential "strategic investor group" about potential funding. "
Read moreLONDON (Alliance News) - The life insurance sector was dragging down UK stock indices again Friday after the UK Financial Conduct Authority said it is set to begin an inquiry into up to 30 million policies sold from in the years prior to 2000.
The FTSE 350 sector is down 5.0% in rea
LONDON (Alliance News) - Strategic Natural Resources PLC Friday said that despite the announcement of two legal battles being taken out against the company, talks with a potential strategic investor to help with its recapitalisation struggles are ongoing. The natural resources development c
Read moreLONDON (Alliance News) - Strategic Natural Resources PLC shares tumbled Thursday after it said it had received notice from London Commodity Brokers asking for the company to be wound up and was informed that its subsidiary Elitheni Coal Ltd, had received a court order. The natural resources
Read moreLONDON (Alliance News) - UK regulators have now confirmed they will investigate whether the country's major energy companies are preventing effective competition in the market, a decision that prompted British Gas parent Centrica to warn that the review could delay crucial investments in new i
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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FTSE 100 - WINNERS
Old Mutual, up 0.5%. The group has agreed to sell Skandia Germany and S
LONDON (Alliance News) - Strategic Natural Resources PLC shares tumbled Thursday after it said it had received notice from London Commodity Brokers asking for the company to be wound up. The natural resources developer operating in South Africa said lawyers from the London Commodity Brokers
Read moreSouth African coal miner Strategic Natural Resources (SNR) lost nearly half its value after it received a winding-up petition. SNR, which owns 74% of Elitheni Coal, said it received the notice late yesterday from London Commodity Brokers (LCB) that LCB's lawyers had filed the petition with the Comp
Read moreConstruction and housing stocks were hit by cautious comments from analysts on Wednesday, while miners were dampened by concerns over growth targets from top metals consumer China. Credit Suisse weighed on sentiment in the housebuilding sector today after downgrading its rating for the category fro
Read moreLONDON (Alliance News) - Standard Chartered Wednesday reported its first annual decline in pretax profit after a decade of growth, as it was hit by emerging market fears and a writedown in its Korean business.
The FTSE 100-listed bank warned that it is facing more c
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
Admiral Group, up 7%. The motor insurer reported a 7% increase in 2013
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
Admiral Group, up 7%. The motor insurer reported a 7% increase in 2013
Shares in Strategic Natural Resources (SNR) lost almost a fifth of their value on Wednesday morning after the AIM-listed natural resources developer admitted a creditor of 74 per cent-owned Elitheni had begun legal proceedings to repossess rented containers. The group also revealed it continued to
Read moreLONDON (Alliance News) - Strategic Natural Resources PLC Wednesday said it is continuing in talks with a potential strategic investor to commence recapitalisation of the company. The natural resources developer said it is currently evaluating a revised financing proposal involving the inves
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