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London close: Second wind lifts Footsie higher

Mon, 20th Sep 2010 16:40

A strong start on Wall Street ensured Footsie finished with good gains having started the day on a strong footing.US shares moved ahead including housebuilder and economic bellwether Lennar, which beat profit forecasts.Part-nationalised banking giant Lloyds Banking held up well after it was announced that chief executive Eric Daniels is to retire in a year's time. The move was not unexpected given Daniels's key role in the thus-far disastrous acquisition of HBOS. Lloyds last month announced a £1.6bn profit for the first half of 2010, twice as much as some analysts had forecast, providing some vindication to Daniels's assertion that the acquisition of HBOS was an opportunity that had to be grabbed. There was a sense of relief is evident in the rise of BP's share price after the US coast guard signalled that the oil spill into the Gulf of Mexico has been permanently sealed. US authorities described the leak from the Macondo well in the Gulf of Mexico as "effectively dead". Among today's big movers was Carnival, buoyant ahead of the cruise operator's results tomorrow. Insurer Brit Insurance was wanted after Friday's late announcement that the consortium headed by US private equity firm Apollo has upped its bid offer to £10.75 per share. So was JD Sports Fashion ahead of the fashionable sportswear retailer's half year results tomorrow.Bid talk also propelled price comparison web site operator Moneysupermarket.com higher. US media mogul Barry Diller is said to be considering adding the company to his portfolio.BAE Systems has strengthened its position in the US counter-terrorism market with the acquisition of the consultancy division of American firm L-1 Identity Solutions. The UK weapons group will pay $296m in cash for the L-1 division, which comprises three firms SpecTal, Advanced Concepts and McClendon. Global banking titan HSBC is to sell its wholesale banknotes business in Asia to United Overseas Bank (UOB). UOB is paying $15m in cash for the assets, with the transfer expected to take place in the final quarter of 2010.WPP has beefed up its Asian business will the acquisition of a 51% stake in Singapore-based Comwerks, a full service digital agency with a big list of government and public sector clients. Comwerks Interactive, only eight years old, specializes in digital media and web 2.0 solutions. Salamander Energy, the oil and gas exploration and production company focused on Asia, said the rig to be used on its Bontang PSC asset in Indonesia should arrive in the drilling area in the first week of October. Another oil and gas company, Sterling Energy, has seen its share price slump after mixed results with its latest exploration well drill tests in Kurdistan.Wind turbine blade maker Clipper Windpower also dived as it warned the credit crisis has impacted the availability of financing for its projects. Net loss for the six months ended 30 June 2010 is expected to be in the range of $26 to $30m compared to a net loss of $120.2m for the same time a year earlier. Motive Television has raised the £4.75m in needs to buy Adecq Digital, the digital terrestrial television technology company confirmed Monday.ViaLogy, a developer of sensor network technology used in the oil and gas industry , saw revenue in the year to 31 March 2010 grow to $0.15m from $0.13m the year before, but with losses holding steady at £6.2m the company is keen to add some blue-chip clients to its customer base. Bid target Silence Therapeutics said 2010 has been a pivotal year with the company making advances in the three areas it sees as the most important in the coming years: partnerships, intellectual property and clinical progress.Discovery Metals, the Botswana-focused miner, has lived up to its name, having unearthed two new exploration targets southwest of its Boseto Copper Project.FTSE 100 - RisersCarnival (CCL) 2,489.00p +4.98%Rexam (REX) 313.80p +3.70%Intertek Group (ITRK) 1,853.00p +3.64%Wolseley (WOS) 1,469.00p +3.23%Reed Elsevier (REL) 552.00p +3.18%Reckitt Benckiser Group (RB.) 3,500.00p +3.09%Unilever (ULVR) 1,803.00p +3.03%Hammerson (HMSO) 394.10p +2.95%BG Group (BG.) 1,114.00p +2.91%Barclays (BARC) 313.35p +2.86%FTSE 100 - FallersResolution (RSL) 243.20p -1.62%Aggreko (AGK) 1,590.00p -1.43%TUI Travel (TT.) 220.40p -0.59%Cairn Energy (CNE) 426.80p -0.37%Schroders NV (SDRC) 1,142.00p -0.26%African Barrick Gold (ABG) 599.00p -0.17%Standard Chartered (STAN) 1,898.00p -0.11%Centrica (CNA) 341.00p -0.06%Tomkins (TOMK) 324.40p -0.03%Cobham (COB) 236.60p +0.04%FTSE 250 - RisersJD Sports Fashion (JD.) 823.00p +13.36%Carpetright (CPR) 783.50p +6.31%Cranswick (CWK) 832.50p +6.19%Wellstream Holdings (WSM) 609.00p +5.45%COLT Group S.A. (COLT) 122.70p +5.32%St James's Place (STJ) 287.20p +5.16%GKN (GKN) 168.00p +4.35%Brit Insurance Holdings NV (BRE) 1,028.00p +4.10%Moneysupermarket.com (MONY) 86.55p +3.65%Howden Joinery Group (HWDN) 73.55p +3.59%FTSE 250 - FallersHikma Pharmaceuticals (HIK) 726.00p -5.22%Halfords Group (HFD) 441.00p -4.59%Ferrexpo (FXPO) 304.00p -3.22%Hargreaves Lansdown (HL.) 447.30p -3.08%Ocado (OCDO) 143.00p -3.05%Stobart Group Ltd. (STOB) 152.90p -2.80%Homeserve (HSV) 471.90p -2.74%Hays (HAS) 112.60p -2.60%Laird (LRD) 140.90p -2.29%Hansen Transmissions International (HSN) 55.20p -2.04%
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1 Jul 2014 11:49

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1 Jul 2014 10:08

ViaLogy Raises GBP0.7 Million In Over-Subscribed Open Offer

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13 Jun 2014 15:11

ViaLogy revenue falls, proposes acquisition of health group

Hydrocarbon technology developer ViaLogy saw its shares dive on Friday after the group posted significantly reduced annual revenue and unveiled proposals to acquire biotechnology group Premaitha Health. In the year ended March 31st, turnover fell to £62.1m from £257.7m, although the impairment of g

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13 Jun 2014 11:29

UK MIDDAY BRIEFING: Property Companies Get Indigestion

LONDON (Alliance News) - UK residential and commercial property companies are among the biggest fallers in a declining market Friday, after Bank of England Governor Mark Carney said the interest rates in the UK could rise sooner than investors expect and Chancellor of the Exchequer George Osbo

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13 Jun 2014 10:35

UK WINNERS & LOSERS: Oil And Gas Stocks Rise Alongside Iraq Tensions

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
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FTSE 100 - WINNERS
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Tullow Oil, up 1.9%, Royal Dutch Shell, up 0.5% BG Gr

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13 Jun 2014 08:16

ViaLogy Buys Molecular Diagnostic Company, But Struggles To Sell Energy Unit

LONDON (Alliance News) - ViaLogy PLC Friday became a molecular diagnostic company after buying Premaitha for GBP10.5 million, although it had to write down the value of the energy services business it is trying to offload because it is taking longer than it hoped to find a "suitable" partner for

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15 Apr 2014 11:39

ViaLogy In Talks For Possible Reverse Takeover Deal; Shares Temporarily Suspended

LONDON (Alliance News) - ViaLogy PLC Tuesday said that it is in discussion regarding a possible reverse takeover deal, and as a result its shares have been temporarily suspended. ViaLogy said that it requested that its shares are temporarily suspended from AIM, with immediate effect, pendin

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21 Mar 2014 09:00

ViaLogy CEO Robert Dean Resigns With Immediate Effect; Reynolds To Be Interim CEO

LONDON (Alliance News) - ViaLogy PLC Friday said that Chief Executive Robert Dean has resigned with immediate effect. The company which is engaged in developing applications for its Quantum Resonance Interferometry technology, said that Adam Reynolds will take on the role as interim chief e

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24 Jan 2014 15:53

Vialogy Meets Funding Target After Oversubscribed Open Offer

LONDON (Alliance News) - ViaLogy PLC said Friday that it had raised GBP519,820 in an oversubscribed open offer, meaning it met its target of raising GBP1.6 million through a placing and open offer and can press ahead with its restructuring and strategy. The technology company said that it h

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7 Jan 2014 09:55

STOCKS NEWS EUROPE-UK small caps rise in line with blue chips

The FTSE small cap index, which hit a record high earlier this week, is up by 0.1 percent in early session trading, broadly in line with a 0.2 percent advance on the blue-chip FTSE 100 index. The FTSE 250 mid-cap index is down by 0.2 percent, as is the small-cap FTSE AIM All Share Index.Read more

2 Dec 2013 14:35

Vialogy to raise cash in share issue, Chairman quits

Oil services company Vialogy unveiled plans for a re-financing and new equity issue as it posted lower half-year losses, hitting its shares. Vialogy, which provides geophysical imaging and mapping services to oil majors, said it was planning to re-capitalise itself to underpin a technical and comme

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29 Oct 2013 12:21

UK WINNERS & LOSERS: Housebuilders Doing Well After Liberum Upgrades

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29 Oct 2013 10:42

ViaLogy To Spin Out Energy Services As It Focuses On Other Technologies

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30 Sep 2013 11:31

UK WINNERS & LOSERS: House Builders Prosper On Good News, Travelzest Soars

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