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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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14 Mar 2012 13:09

Small caps round-up: ViaLogy, Symphony, Deltex

ViaLogy, a service provider to global oil and gas exploration and production companies, has completed a key demonstration project of it QuantumRD technology under contract with Chevron. QuantumRD was able to discern porosity, a key rock property in locating and identifying hydrocarbon deposits, wher

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18 Jan 2012 08:03

ViaLogy places shares at steep discount

ViaLogy, a service provider to global oil and gas exploration and production companies, has boosted its working capital after raising funds through a placing of 100m shares. The company has raised £1.05m after the shares were placed with existing and new investors at 1.05p each, a 0.45p discount to

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3 Jan 2012 08:27

ViaLogy confident of future oil & gas work

Shares of ViaLogy surged 33% after it said substantial progress has been made in consolidating relationships with major oil and gas exploration companies on three continents during the last quarter of 2011. In Asia, a contract with a national oil company is waiting government approval to transfer

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30 Sep 2011 16:54

London close: Weak finish to volatile week

Stocks were on the back foot heading into the weekend amid continuing worries over global growth. Data showing consumer confidence has risen for the first time in four months failed to lighten the mood. The index of sentiment remained firmly negative in September at -30, up a point from the previo

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30 Sep 2011 12:17

ViaLogy investors losing faith after poor result

"The prize will be worth the effort," were the words of troubled ViaLogy's chairman, but it appears they fell on deaf ears on Friday as the share price fell more than 18%. Shareholders were clearly more concerned to see that pre-tax losses for the company, which provides sensor technology used in

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31 Dec 2010 09:45

Vialogy eyes global markets

Vialogy, which provides sensor technology used in the oil and gas industry, posted a bigger loss in the six months to 30 September, as the company took a £1.59m hit for amortisation and depreciation. Pre-tax losses grew to £3.37m from £2.80m over the same period the previous year as revenues rose t

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11 Oct 2010 13:24

Small caps round-up: Sagentia, Conroy Diamonds, Imaginatik ...

Shares in Sagentia moved higher after the technology and product development consultant said profits for the full year will be ahead of previous expectations following a better than expected summer. 'Consultant utilisation has remained high over the summer contrary to the anticipated seasonal slo

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20 Sep 2010 14:29

London afternoon: Lloyds up as Daniels names exit date

Stocks gave up a proportion of their gains over the lunch time session despite expectations of a firm start on Wall Street. Part-nationalised banking giant Lloyds Banking is holding up well after it was announced that chief executive Eric Daniels is to retire in a year's time. The move was not unex

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20 Sep 2010 12:09

London midday: US coast guard verdicts lifts BP

Investors are in an optimistic frame of mind ahead of the Federal Reserve's Federal Open Market Committee (FOMC) meeting tomorrow. The 'glass half full' crowd are expecting the FOMC to announce further measures to revitalise the global economy. Barely a dozen Footsie constituents are in the red, an

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20 Sep 2010 09:00

Vialogy looking to move up a league

ViaLogy, a developer of sensor network technology used in the oil and gas industry, is looking to pick up the pace of revenue growth with the addition of some 'A list' clients this year. The company saw revenue in the year to 31 March 2010 grow to $0.15m from $0.13m the year before, but "with multi

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1 Jul 2010 07:41

ViaLogy Delivers 2 Recommended Well Drilling Locations

LONDON (Dow Jones)--ViaLogy PLC (VIY.LN), A signal processing solutions company, Thursday announces that it has delivered recommended well drilling locations, positioned using its proprietary QuantumRD technology, to two clients that plan to commence drilling on the sites in the coming weeks. MA

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7 Apr 2010 16:12

ViaLogy upbeat about prospects

Robert Dean, the chief executive of network based real-time signal processing platform developer ViaLogy said the company's QuantumRD technology proved itself in 2009. "We have successfully completed a significant number of QuantumRD wells, and, very significantly, our retrospective analysis showe

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10 Mar 2010 08:29

Nevada contract offers ViaLogy new opportunties

Shares in network based real-time signal processing platform developer ViaLogy were in demand after the company signed a contract with the North American arm of Italian power company Enel Group. Enel North America has tasked ViaLogy with extending ViaLogy’s QuantumRD sub-surface detection technolog

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5 Jan 2010 13:45

Small caps round-up: ViaLogy, Concurrent Technologies, San Leon ...

Shares in ViaLogy jumped on news that it has signed a deal with one of the largest privately held exploration and production companies in America to provide its QuantumRD services. ViaLogy, which develops Internet Protocol (IP) based sensor networks, did not comment on the financial details of the

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