TRADING UPDATES: Chaarat enters takeover discussions with Shanta Gold
18th Oct 2022 17:07
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Genel Energy PLC - London-based oil company focused on the Kurdistan region - On Monday promoted interim Chief Executive Officer Paul Weir to CEO role on permanent basis. He became interim CEO in June 2022, after former CEO Bill Higgs stepped down. At the firm's annual general meeting in May, Higgs did not receive the required 50% majority of votes in favour of re-election as a director of the board. Read More
Genel Energy PLC - London-based oil company focused on the Kurdistan region - Receives a total payment of USD56.3 million from the Kurdistan regional government relating to oil sales during May. Notes that it is now owed USD46 million by Kurdistan for oil sales from November 2019 to February 2020 and a suspended override from March to December 2020, reduced by 21% from USD58 million owed in late July. Read More
(Alliance News) - Genel Energy PLC on Thursday reported the first quarterly increase in production at the its Tawke field since 2015. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
Genel Energy PLC - London-based oil company focused on the Kurdistan region - In the first half of 2022, sees pretax profit surge to USD126.1 million from USD25.6 million the previous year. Revenue jumps to USD245.6 million from USD151.5 million despite production falling to 30,420 barrels of oil per day from 32,760 bopd year-on-year. This is due to significantly higher brent oil prices which averaged at USD108 per barrel in the half, up from USD65 per barrel a year prior. Interim dividend maintained at USD0.06 per share. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - Genel Energy PLC on Friday said Chief Executive Officer Bill Higgs has stepped down from the role with immediate effect. Read More
(Alliance News) - Equities in London are seen opening lower on Friday with investors cautious ahead of key US inflation data at 1330 BST. Read More
(Alliance News) - Genel Energy PLC on Friday said that interim Chief Financial Officer Luke Clement has been appointed to the role on a permanent basis. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon: Read More
(Alliance News) - Accounting software firm Sage Group on Friday left its full-year outlook unchanged, after what it called a strong first-half performance, with its Business Cloud offering leading a rise in recurring revenue. Read More
Genel Energy PLC - London-based oil company focused on the Kurdistan region - Shareholders at annual general meeting vote down the reappointment of Chief Executive Officer Bill Higgs. 55% of shareholders vote against his reappointment, meaning the resolution does not achieve the necessary majority. A majority of shareholders also vote against the reappointment of non-executive directors Tim Bushell and Hassan Gozal. Read More
Genel Energy PLC - London-based oil company focused on the Kurdistan region - Posts slightly lower production of barrels of oil per day in the first quarter of 2022. Net production, while in line with guidance, falls to 30,520 barrels of oil per day from 30,843 a quarter ago. Net cash grows to USD86 million at March 31 from USD44 million at December 31. Margin per barrel climbs to USD30 from USD24 a year ago. Read More
Genel Energy PLC - London-based oil company focused on the Kurdistan region - Receives a total payment of USD38.3 million from the Kurdistan regional government relating to oil sales during this past January. Notes that it is now owed USD91 million by Kurdistan for oil sales from November 2019 to February 2020 and a suspended override from March to December 2020. Read More