Sunday tips round-up: GlaxoSmithKline, Brooks Macdonald, Gulfsands Petroleum
2nd May 2010 11:07
GlaxoSmithKline's first-quarter results showed strategic progress in the group's mission to move away from "white pill/western markets" to emerging economies and consumer products. The results were ahead of market expectations and showed good progress in its strategic plan. Trading on a December 2
Read moreTuesday tips round-up: Cobham, Vernalis, Immunodiagnostic Systems
13th Apr 2010 06:01
Cobham trades on a surprisingly thin multiple of 11.6 times Evolution's forecasts for 2010. That falls to 10.8 times on the numbers for 2011, suggesting that the market may be pricing in too much disappointment while at the same time overlooking the potential for growth. The Independent said buy in
Read moreIthaca posts FY net profit of $7.9m
12th Apr 2010 08:41
Canadian independent oil and gas company Ithaca Energy reported a full year net profit US$7.9m, helped by increased production, sales and a surge in oil prices. Revenues rose to $110.8m from $3.28m before, provided mostly by oil sales of $101.3m and from the provision of facilities and services at
Read moreSmall caps round-up: Cobra Bio-Manufacturing, Cadogan, Oilex...
11th Nov 2009 09:28
Cobra Bio-Manufacturing is is discussions which may or may not lead to an offer being made for the company. In a standard statement, Cobra said the talks still remain at a preliminary stage. Cadogan Petroleum continues to reduce expenditure whilst re-evaluating its oil and gas assets in Ukraine. Ca
Read moreLondon close: Late rally leaves Footsie little changed
19th Aug 2009 17:14
Share prices of London's leading stocks closed mixed, thanks to a late rally, after the market had spent most of the day in retreat. ENRC was the day's star performer despite reporting a 63% slide in pre-tax profits for the first half of 2009. The dividend has been cut in half but investors were e
Read moreLondon afternoon: Lloyds provides some cheer
19th Aug 2009 14:14
The bears are back in command today with the blue-chip index in the red, though the size of the decline has been exacerbated by a number of index constituents trading in ex-dividend form. Former Bank of Ireland governor Richard Burrows is to be the new chairman of Lucky Strike maker British Americ
Read moreCash starts to flow at Ithaca
19th Aug 2009 13:27
Canadian independent oil and gas company Ithaca Energy moved into the black in the second quarter and recorded its first quarter of positive cash flow. Net profit for the three months to end-June was $3.78m, compared to a loss of $1.52m in the second quarter of 2008, helped by a $5.6m gain on finan
Read moreSmall caps round-up: Forum Energy, Ithaca Energy, Group NBT..
22nd Jul 2009 09:37
A reduction in admin costs helped Philippines-focused oil and gas group Forum Energy post a smaller pre-tax loss in the six months to June 30, despite falling revenues. Pre-tax losses totalled $1.2m, compared with $1.7bn over the same period the previous year, as revenues slipped to £203,000 from £
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