LONDON (Alliance News) - Tower Resources PLC's shares slumped on Friday after saying it has failed to find hydrocarbons in early targets at the Welwitschia-1A well on the PEL0010 licence, offshore Namibia, and has had to stop drilling deeper at the well due to spiralling costs. Tower Resour Read More
LONDON (Alliance News) - Tower Resources PLC said Wednesday that its wholly-owned subsidiary, Neptune Petroleum Ltd, has been notified that drilling of the Welwitschia-1A well re-commenced Wednesday morning. The AIM-listed Africa-focused oil and gas exploration company said Neptune Petroleu Read More
LONDON (Alliance News) - Tower Resources PLC Tuesday said it now expects to recommence drilling of the Welwitschia-1A well in Namibia during the first week of June, and for it to be completed within budget. Last week, the AIM-listed Africa-focused oil and gas exploration company said there Read More
LONDON (Alliance News) - <strong>Burberry Group</strong> Wednesday said that demand for its luxury outerwear, leather goods and menswear continued unabated in Asia, driving another increase in its annual profit.<br /><br />The company said it will increase investments by GBP200 million, pumpin Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.<br />-------<br /><strong>FTSE 100 - WINNERS</strong><br />-------<br /><strong>Petrofac</strong>, up 1.8%, and <strong>AstraZeneca</strong>, up 1.6%. The companies Read More
LONDON (Alliance News) - Tower Resources PLC Wednesday said there has been a delay to its drilling schedule in Namibia, and while it will not have a material financial consequence for the company, it doesn't expect drilling operations to recommence until the end of May. The AIM-listed Afri Read More
LONDON (Alliance News) - UK shares have opened lower Wednesday, following a negative lead from Wall Street and Asia and ahead of the release of central bank meeting minutes in the UK and US.<br /><br />A few interesting executive changes have been announced before the London open Wednesday. <b Read More
LONDON (Alliance News) - Tower Resources PLC Thursday announced that it has received notification that its drillship has started drilling the Welwitschia-1 well in Namibia. The independent oil and gas exploration company focused on Africa said it received formal notification from Repsol Exp Read More
LONDON (Alliance News) - Tower Resources PLC Tuesday said it expects formal notification from Repsol Exploration Ltd that the Rowan Renaissance Drillship will start drilling operations in the Walvis Bay, Namibia by April 25. The independent oil and gas exploration company focused on Africa Read More
LONDON (Alliance News) - <strong>Evraz</strong>, the Russian steel maker part owned by Roman Abramovich, has seen its shares jump Wednesday, despite reporting a wider net loss for 2013 as cost cutting failed to offset a drop in revenues caused by lower steel prices.<br /><br />Evraz reported a Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday. <br />-------<br /><strong>FTSE 100 - WINNERS</strong><br />-------<br /><strong>Kingfisher</strong>, up 2.1%. UBS has upgraded Kingfisher to Buy from Neutral and i Read More
LONDON (Alliance News) - Tower Resources PLC Wednesday said it will raise GBP19.3 million in a placing and subscription, buy Rift Petroleum Holdings Ltd by issuing the sellers 550 million Tower shares, and has agreed a farm-in to an oil exploration block in Kenya. In a statement, the compan Read More
LONDON (Alliance News) - Tower Resources PLC Wednesday said its Rowan Renaissance Drillship arrived to Walvis Bay in Namibia on Tuesday. The independent oil and gas exploration company focused on Africa said the drillship will now undergo scheduled preparation and final acceptance testing b Read More
LONDON (Alliance News) - Tower Resources PLC Friday said considerable progress has been made regarding its sale of a 10% interest in the PEL0010 site in Namibia. The independent oil and gas exploration company focused on Africa, said a number of interested parties have conducted a full revi Read More
LONDON (Alliance News) - UK shares have opened higher Friday, as Bank of England Governor Mark Carney backed off of forward guidance and said there is "no immediate need" to raise interest rates.<br /><br /><strong>Royal Mail</strong> has reported a 2% increase in like-for-like revenues for th Read More