LONDON (Alliance News) - Power generation developer Rurelec PLC Tuesday said Independent Non-Executive Director Brian Rowbotham acquired 80,000 shares at a price of 6 pence per share Monday. Following this transaction, Rowbotham holds 350,000 shares, which represents 0.062% of the issued s Read More

DIRECTOR DEALINGS: Rurelec Directors Buy Shares

16th Jun 2014 14:13

LONDON (Alliance News) - Power generatoin developer Rurelec PLC Monday said a group of directors, including Chief Executive Peter Earl, bought shares at 6 pence per share. Details are as follows. <table class="ca" cellspacing="0" cellpadding="0"><tbody><tr><td class="bi" style="w Read More

Rurelec Pretax Loss Widens On Claim Payment

6th Jun 2014 15:17

LONDON (Alliance News) - Rurelec PLC Friday said its pretax loss widened significantly during 2013 as the company received less than expected cash from a claim over a Bolivian asset which was nationalised by the state in 2010. The power generation company said its pretax loss widened to GBP Read More

Burford Nets USD11.0 Million On Rurelec Arbitration Claim Investment

3rd Jun 2014 08:40

LONDON (Alliance News) - Burford Capital Ltd Tuesday said it has received USD26.0 million back from a corporate debt facility provided to Rurelec PLC that was linked to Rurelec's Bolivian arbitration claim, giving Burford an USD11.0 million net profit on a USD15.0 million investment. While Read More

Rurelec Finally Gets Some Money After Bolivian Compensation Battle

2nd Jun 2014 11:13

LONDON (Alliance News) - Rurelec PLC Monday said it has now received the payment of USD31.5 million that it agreed with the Bolivian government, after a four-year battle to get compensation for a stake in the country's largest power producer that was taken from it. The power generation comp Read More

UK MIDDAY BRIEFING: Fenner Slumps On Profit Warning

30th May 2014 11:46

LONDON (Alliance News) - Polymer products manufacturer Fenner saw its shares plummet Friday, after it issued a profit warning that it blamed on a further deterioration in trading in the US and the loss of a profitable contract in Australia. It is the biggest faller Read More

UK WINNERS & LOSERS: Smith & Nephew Leads FTSE 100 Risers Again

30th May 2014 11:08

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday. ------- FTSE 100 - WINNERS ------- Smith & Nephew, up 2.2%. The medical technology company, which closed as the blue-chip inde Read More

UK MORNING BRIEFING: Fenner Drops 15% On Profit Warning

30th May 2014 07:26

LONDON (Alliance News) - UK shares have opened flat Friday, with European markets on hold ahead of a key European Central Bank meeting next week. FTSE 250 polymer products maker Fenner PLC said underlying pretax profit for the year to August 31 could fall by 10% to Read More

Rurelec Ends Long Bolivian Compensation Battle With USD31.5 Million

30th May 2014 06:52

LONDON (Alliance News) - Rurelec PLC Friday said it has signed a final agreement with the government of Bolivia which releases an immediate payment of USD31.5 million to the company, ending a four-year compensation battle over Empresa Guaracachi SA. The power generation company said the agr Read More

UK MIDDAY BRIEFING: EU To Probe Banks Including HSBC

20th May 2014 12:28

LONDON (Alliance News) - The European Commission Tuesday said it will press ahead with a probe into Credit Agricole, HSBC Holdings and JP Morgan after they refused to join other lenders in a settlement last year over suspected manipulation of the Euribor interest-rate benchmar Read More

UK WINNERS & LOSERS: Carnival Sails To Top Of Floundering FTSE 100

20th May 2014 11:14

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday. ------- FTSE 100 - WINNERS ------- Carnival, up 4.3%. The world's largest cruise ship operator said Tuesday that Read More

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