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Footsie finished the day as it started it, marginally in positive territory, but for much of the day it languished in the red, as investors turned their attention to gold. The most actively traded contract in the yellow stuff has risen to a record high of $1,269.50 an ounce in New York trading, as
Read moreThe afternoon session has been much like the morning one with Footsie drifting sideways. There has been some focus on companies that rely, in part, on contracts from the public sector, and the feeling is that the worries about the government tap being turned off may have been overdone. Telecoms
Read moreFootsie has been unable to make early gains stick and despite the strength of resource stocks is hovering close to its starting point for the day. Inflation data did little to boost sentiment, with the annual inflation rate remaining unchanged at 3.1% in August against expectations of a slight eas
Read moreShares in Solomon Gold soared after the miner, which is exploring for gold and copper in the Solomon Islands and Australia, said it believes its Fauro Project in the Solomons may have 'world class gold deposit' after initial surface sampling. It said the first 58 of 215 samples indicate 'significan
Read moreLONDON (Dow Jones)--Solomon Gold PLC (SOLG.LN), a gold and mineral exploration company said Monday it has entered agreements for a placing of 33.1 million shares at GBP0.05 per share for gross proceeds of GBP1.7 million to institutional and private investors. MAIN FACTS: -The funds will be u
Read moreOn Monday, BP non-executive director George David acquired 18,815 ADSs in the oil and gas giant for $56.89 each, followed by a further 1,185 ADSs at the same price the following day. This equates to 120,000 ordinary shares in total. The equivalent share price is 568.9p. This takes David's stake in
Read moreSDI swung into the black at the half-way stage, although the automated warehousing systems firm said the outlook remains "tough". There was a profit of £305,000 in the six months to 30 September versus a loss of £2.6m in the half year to 31 May 2008 (the year end has now moved from November to Marc
Read moreOn-line fell back Thursday after reporting an increase in its full-year loss to £267,000 from £137,000 a year ago on turnover little changed at £126,000. The company, which has stakes in ADVFN and ALL IPO, wrote off £298,000 on investments, mostly due to Smoking Gun which de-listed from the Plus ma
Read moreQuintain Estates is weaker Monday after the property developer confirmed it is considering an equity issue, thought to be about worth about £180m. It said no formal decision has been made and a further announcement will be made when appropriate. Oil and gas explorer Leed Petroleum has completed wi
Read moreInfrastructure and construction products group Hill & Smith reported a 1% rise in first-half pre-tax profit to £20.2m, while revenue was down 7% at £196.8m. The dividend increased to 4.7p per share compared with 4.3p last time. 'Whilst the extent to which these signs of improvement are maintained
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