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Recent News

Friday 16 October, 2009

16-Oct-2009 05:04 PM

Numis upgrades recommendations on six media stocks

Huntsworth upgraded to buy from add at Numis, target price 97p. WPP upgraded to buy from add, target price 724p. Daily Mail & General upgraded to buy from add, target price 558p. Johnston Press upgraded to buy from hold, target price 47p. ITV upgra...
16-Oct-2009 05:00 PM

Market Movers - Top risers and fallers at 17:00

FTSE 100 EXPERIAN ORD USD0.10 570.00 2.98% G4S ORD 25P 245.60 2.76% PETROFAC ORD USD0.025 1013.00 1.91% LLOYDS GRP. ORD 25P 93.10 ...
16-Oct-2009 04:47 PM

OPD issues Q3 profits warning

Recruitment consultancy OPD Group says that net net income for third quarter of 2009 was 27% lower than for the corresponding period last year. The Group states that trading conditions remain challenging in the majority of the markets in which it operat...
16-Oct-2009 04:31 PM

Balfour Beatty shares shorted

Balfour Beatty shares have been shorted by ABC Arbitrage. As at 15 October 2009, ABC Arbitrage held a short position equivalent to 0.47% of the issued share capital of the Balfour Beatty. Story provided by Business Financial Newswire...
16-Oct-2009 04:30 PM

Market Movers - Top risers and fallers between 15:00 and 16:00

Overall Market PAQ INTL ORD USD0.01 (DI) 0.90 38.46% MOYDOW MINES COM SHS NPV 16.00 28.00% PHOTO-ME INTL. ORD 0.5P 37.75 7.09% SUNRISE DIAMOND ORD 0.1P 0.80 ...
16-Oct-2009 04:23 PM

Evraz acquires Russian steel distribution business

Evraz Group has acquired Carbofer Metall, one the largest Russian steel distribution networks, from Carbofer Group. The acquisition will help deliver Evraz's plan to increase direct sales of its steel products to end customers in Russia. Carbofer Metall...
16-Oct-2009 04:08 PM

EP Global Opportunities buys own shares

EP Global Opportunities Trust Plc has bought 411,500 of its own 1 pence shares at £1.685 per share, it said Friday (October 16). The shares have been placed into treasury. The company now has 3,696,500 ordinary shares held in treasury and 28,957,680 ordi...
16-Oct-2009 04:05 PM

Aberdeen Asset Management prices £90m convertible bond

Aberdeen Asset Management Plc has priced its £90m convertible bond offering due 2014, it said Friday (October 16). The bonds' coupon has been set at 3.5% per annum, payable semi-annually in arrear. They are convertible into 48.7m ordinary shares of Abe...
16-Oct-2009 04:00 PM

Market Movers - Top risers and fallers at 16:00

FTSE 100 G4S ORD 25P 246.00 2.93% EXPERIAN ORD USD0.10 567.00 2.44% LLOYDS GRP. ORD 25P 93.43 2.21% TULLOW OIL ORD 10P 1236.00 ...
16-Oct-2009 03:59 PM

GlaxoSmithKline wins FDA approval for cervical cancer vaccine

GlaxoSmithKline has won approval by the US Food and Drug Administration for its CERVARIX cervical cancer vaccine, it announced Friday (October 16). CERVARIX was found to be 93% efficacious in the prevention of cervical pre-cancers associated with oncogen...
16-Oct-2009 03:49 PM

Samsung Electronics and Suzhou Industrial Park to form JV

South Korea's Samsung Electronics has won board approval to form a joint venture with the Suzhou Industrial Park Administration Committee of China to set up a 7.5G TFT-LCD line in the park. The venture represents a total investment of KRW2.6trn, $0.8bn o...
16-Oct-2009 03:41 PM

1pm warns FY profit "unlikely" after sudden jump in debt write-offs

1pm Plc, a provider of leasing, asset finance and business finance to small companies, warned Friday (October 16) it would probably not post a full-year profit after it wrote off around £95,000 of bad debt in September. The company said it terminated an ...
16-Oct-2009 03:30 PM

Market Movers - Top risers and fallers between 14:00 and 15:00

Overall Market NIPSON DIG. ORD 1P 2.25 38.46% ADILI ORD 1P 2.50 11.11% NORTHERN BEAR ORD 1P 44.50 7.23% ALECTO ENGY ORD 0.07P 0.23 ...
16-Oct-2009 03:22 PM

MirLand names Rozental as future CEO

MirLand Development Corp Plc will from January 1, 2011 promote Roman Rozental to the post of CEO, it said Friday (October 16). He will remain in his present job as CFO until that time, when current CEO Moshe Morag will retire, the Russian residential and...
16-Oct-2009 03:00 PM

Market Movers - Top risers and fallers at 15:00

FTSE 100 G4S ORD 25P 247.10 3.39% EXPERIAN ORD USD0.10 569.50 2.89% TULLOW OIL ORD 10P 1245.00 2.55% LLOYDS GRP. ORD 25P 93.45 ...
16-Oct-2009 02:51 PM

Green named CEO of Kalahari's Swakop Uranium

Kalahari Minerals unit Extract Resources has named Norman Green as CEO of its Namibian subsidiary Swakop Uranium. Based in Namibia, Green's prime responsibility will be to build a Namibian team to develop Swakop's Rossing South deposit, taking it from a ...
16-Oct-2009 02:38 PM

Admiral turnover leaps 22% in Q3

Admiral Group saw its turnover jump an annual 22% in the third quarter, boosted by strong gains in its price-comparison and non-UK businesses, it said Friday (October 16). During the three months to September 30, the British car insurer's group turnover ...
16-Oct-2009 02:34 PM

US industrial production rise 0.7%

US industrial production rose 0.7% in September. For the third quarter as a whole, output advanced at an annual rate of 5.2%, the first quarterly gain since the first quarter of 2008 and the largest gain since the first quarter of 2005. Production in m...
16-Oct-2009 02:30 PM

Market Movers - Top risers and fallers between 13:00 and 14:00

Overall Market PAQ INTL ORD USD0.01 (DI) 0.48 18.75% CHINA WONDER ORD 2.5P 8.13 8.33% BEACON HILL ORD 0.01P 0.38 7.14% LEED PET. ORD 5P 12.25 ...
16-Oct-2009 02:14 PM

Sony Ericsson narrows Q3 loss

Sony Ericsson posted a smaller loss for the third quarter as improved margins made up for a slump in units shipped. During the three months to September 30, the mobile phone maker shipped 45% fewer units than in the year-ago period, while by value its sa...
16-Oct-2009 02:01 PM

T2 wins approval for £11m share placement

T2 Income Fund Ltd has won shareholder approval to raise £11m via the placement of new shares, it said Friday (October 16). The company has applied for 44m new shares to be admitted to trading on AIM, with dealings expected to commence at 8am on October ...
16-Oct-2009 02:00 PM

Market Movers - Top risers and fallers at 14:00

FTSE 100 G4S ORD 25P 247.10 3.39% EXPERIAN ORD USD0.10 569.50 2.89% LLOYDS GRP. ORD 25P 93.47 2.25% NATIONAL GRID ORD 11 17/43P 584.50 ...
16-Oct-2009 01:36 PM

Noventa raises £1.6m from share sale

Noventa Ltd has raised £1,618,558 from its sale of 40,463,952 shares, it said Friday (October 16). The sale, at 4 pence per share, includes a subscription for 887,252 ordinary shares by Barons Financial Services Ltd, a company in which Noventa chairman E...
16-Oct-2009 01:30 PM

Market Movers - Top risers and fallers between 12:00 and 13:00

Overall Market MEDIA CORP ORD 1P 2.35 4.44% INTELLIGENT ENV ORD 1P 13.00 4.00% NOSTRA TERRA ORD 0.1P 0.83 3.77% PHYSIOMICS ORD 0.04P 0.35 ...
16-Oct-2009 01:28 PM

China Wonder unit buys 50% stake in Jinzhou carton maker

A China Wonder unit has acquired a 50% stake in Jinzhou Wonder Packing Carton Co Ltd (JWPC) for CNY1.9m in cash, it said Friday (October 16). The acquisition was made by Jinzhou Wonder Packing Machinery Co Ltd, a wholly owned subsidiary of machinery make...

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