Ascent share price plummets: Over-enthusiastic investors stall Cadogan bid April 1, 2016 Ascent Resources recent share price rise has caused Cadogan Petroleum to back off a proposed take over. Investors piled into Ascent after a potential tie-up was announced on 23 March, sending its shares an eye watering 658 per cent higher. Shares in Ascent tumbled 56.9 per cent to 2.58p per share on the news, while Cadogan dipped 1.3 per [...]
Brockton Capital buys into Shoreditch Village scheme April 1, 2016 Two families regenerating a derelict site in London's trendy Shoreditch area have brought new investors on board after selling part of the scheme to Brockton Capital. The run-down site between Shoreditch High Street and Great Eastern Street was originally a Victorian timber yard and has been privately-owned by the Hall and White families for over 40 years. The proposed scheme, [...]
Randgold resources share price rises as it holds onto progressive dividend March 31, 2016 Shares in Randgold Resources edged up today as the West African gold producer held onto its progressive dividend despite lower gold prices. The company's shares rose as much as two per cent to 6,405p per share this morning, before settling down slightly to end the day at 6,370p. Read more: Experts say gold could hit [...]
Brent crude and WTI: Oil shrugs off earlier losses to head towards $40 March 31, 2016 Oil prices reversed earlier losses to veer higher today, inching towards $40 per barrel in late afternoon trading. Brent crude, the global benchmark, swelled 0.8 per cent to $39.56 per barrel. However, West Texas Intermediate crude, the US benchmark, edged down 0.2 per cent to $38.26. Read more: What $20 per barrel oil would mean for [...]
Numis expects to report year-on-year revenue and profits growth despite IPO volume plunging in UK and globally March 31, 2016 Initial public offerings (IPOs) are helping Numis Corporation grow revenue and profits. In a trading update, the company said it expects to report year-on-year growth in the six months to 31 March 2016. Numis said issuance activity has remained strong during the period and that it has completed 27 equity transactions, including 10 IPOs, so far this [...]
Panmure Gordon reports 2015 losses, but stockbroker is positive for 2016 while wary of “the dangers that lie ahead” March 31, 2016 After a "disappointing" year in which its share price more than halved, Panmure Gordon is looking for the positives. Reporting its 2015 results today, the stockbroker said 2016 has started positively and profitably. But it is "under no illusion as to the potency of the dangers that lie ahead". The figures Panmure posted a £16.7m loss in 2015, from a £1.5m [...]
Prime central London house prices are being outpaced by outer boroughs, says Savills March 30, 2016 Prices of prime London residential properties dipped in the first quarter of the year, as uncertainty around the economic outlook and the EU referendum largely offset any investor or second home buyer rush to beat the buy-to-let stamp duty hike deadline. Values across the whole of prime London slipped by an average of 0.3 per cent in [...]
Why some IPOs aren’t all they’re cracked up to be March 30, 2016 Despite a high number of hotly anticipated flotations in recent years, 2016 has been slow going for initial public offerings. Now the dust has settled, it is interesting to examine the wide variations in performance. Compare Just Eat, Auto Trader, Poundland and AO World. All four came to market in the first few months of [...]
Independent Oil and Gas share price rises after company announces £13.6m of financing to fund acquisitions spending spree March 30, 2016 Independent Oil and Gas (IOG) shares rose sharply today after the company announced it had secured £13.6m for an acquisition spending spree. With financing from London Oil and Gas (LOG), Aim-listed oil group is targeting near-term oil and gas developments and low-risk production assets in the North Sea. The company said it would also consider opportunities outside [...]
Not spicy enough: Premier Foods rejects third takeover offer by US seasonings giant McCormick March 30, 2016 Premier Foods has rebuffed a third takeover approach from US spices giant McCormick, saying the revised 65p per share offer still undervalues the company. The company, however, said it is prepared for meetings to take place in order to discuss "value drivers, a review of material pensions documentation, current trading and material contracts, and so to [...]