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Lastest Finance News

Rockhopper Exploration losses deepen after asset writedown

18th September 2019

Rockhopper Exploration booked a deeper first-half loss after it wrote down the value of its Greater Mediterranean portfolio and its revenue slipped. Pre-tax losses for the six months through June amounted to $16.5m, compared to losses of $7.4m on-year. The loss included a $10.1m non-recurring non-cash impairment of goodwill associated with the Mediterranean assets. Revenue fell to $4.8m, down from $5.2m, after the company experienced lower average oil prices. At 9:40am: (LON:RKH) Rockhopper Exploration PLC share price was +0.22p at 19.84p Story provided by StockMarketWire.com. ... Read More

Broker Forecast - Shore Capital issues a broker note on Brooks Macdonald Group PLC

18th September 2019

Shore Capital today reaffirms its buy investment rating on Brooks Macdonald Group PLC (LON:BRK) and raised its price target to 2300p (from 2000p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Image Scan announces contract win; updates on trading

18th September 2019

Image Scan has announced a contract win, which is worth in excess of £800,000, and will provide Image Scan's ThreatScan portable X-ray systems to a security organisation of a European country. The new contract is expected to be delivered in the first half of financial year ending 30 September 2020 and so will not impact the sales and profits performance for the year ending 30 September 2019. ... Read More

Attract Group increases gross profit; loss before tax widens

18th September 2019

Attraqt Group announced their results this morning with revenue increasing 7% from 8.4m to £9.0m. ... Read More

Broker Forecast - Liberum Capital issues a broker note on CPP Group PLC

18th September 2019

Liberum Capital today reaffirms its buy investment rating on CPP Group PLC (LON:CPP) and cut its price target to 6p (from 8.30p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Broker Forecast - Liberum Capital issues a broker note on Judges Scientific PLC

18th September 2019

Liberum Capital today reaffirms its buy investment rating on Judges Scientific PLC (LON:JDG) and raised its price target to 4390p (from 4135p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

ConvaTec acquires Southlake Medical Supplies for approximately $5.0 million

18th September 2019

ConvaTec Group Plc today announces it has signed an agreement to purchase the assets of Southlake Medical Supplies, Inc., a Texas-based independent provider of catheter-related supplies. ... Read More

ClearStar announces 17% revenue increase but losses widen

18th September 2019

ClearStar has announced that revenue increased by 17% to $11.6m (H1 2018: $9.9m). However, the loss before tax widened from $645k to $914k. ... Read More

UK stocks open slightly lower as investors await Fed rates decision

18th September 2019

UK stocks opened slightly lower on Wednesday as investors braced for an upcoming decision on interest rates from the US Federal Reserve later in the day. ... Read More

Broker Forecast - UBS issues a broker note on Burberry Group PLC

18th September 2019

UBS today reaffirms its neutral investment rating on Burberry Group PLC (LON:BRBY) and raised its price target to 2240p (from 1900p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Kodal Minerals updates on Bougouni Lithium Project

18th September 2019

Kodal Minerals has announced that it has shipped a bulk sample which is expected to arrive in China in mid-October. ... Read More

Broker Forecast - Jefferies International issues a broker note on Whitbread PLC

18th September 2019

Jefferies International today initiates coverage of Whitbread PLC (LON:WTB) with a hold investment rating and price target of 4500p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Avingtrans reports 34% revenue increase; net debt declines

18th September 2019

Avingtrans announced that was revenue from continuing operations increased by 34% to £105.5m from £78.9m, and gross margin improved to 26.7% from 25.5%. Net debt saw a decline from £7.1m down to £2m, with adjusted profit before tax nearly doubling from £2.4m to £5.3m. Chairman Roger McDowell noted that it had been a "record year" for the group, adding that he was "quietly confident about our prospects in both Energy and Medical". ... Read More

Accesso Technology announces in line results; updates on sale process

18th September 2019

Accesso Technology saw revenue below management expectations, though costs associated with the integration strategy were lower than originally anticipated, contributing to a lower than expected increase in the Group's expenditure base. ... Read More

Broker Forecast - Berenberg issues a broker note on Gleeson (M J) Group PLC

18th September 2019

Berenberg today reaffirms its buy investment rating on Gleeson (M J) Group PLC (LON:GLE) and raised its price target to 920p (from 900p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk. ... Read More

Pendragon chairman Chris Chambers to stand down

18th September 2019

Auto dealer Pendragon said chairman Chris Chambers would stand down at the start of October. He would be replaced on an interim basis by current non-executive director Bill Berman, who would assume the newly-created role of executive chairman. Berman would provide leadership and strategic direction while the search for a new chief executive continued and the process for finding a new chairman commenced, Pendragon said. 'It has been a privilege to work with my colleagues and stakeholders at Pendragon over a number of years, and I am firmly of the view that the company now needs an executive chairman who can dedicate the time and industry expertise that the company requires in these difficult markets,' Chambers said. Story provided by StockMarketWire.com. ... Read More

Bonhill Group increases revenue and introduces maiden dividend

18th September 2019

Bonhill Group announced revenue of £10.7m, up 4.6 times from £1.9m in the comparable period in 2018, and organic Bonhill UK growth of 6.4%. As at 30 June 2019 cash balance of £5.7m (2018: £0.9m) and net cash of £2.1m (2018: £0.9m), with the maiden dividend payable of 0.28p per share. Bonhill also commented that trading since release of the Company's pre-close update on 24 July 2019 has been more challenging for Last Word Media in the UK and Hong Kong while Investment News has returned to more normal trading patterns. Steve Stilwell, Chief Executive of Bonhill, commented: "It has been another period of tremendous progress on our transformational journey which began in August 2017. ... Read More

Anglo Asian Mining sees profits rise and increases dividend 17%

18th September 2019

Anglo Asian Mining announced their results this morning seeing revenues rise 8% year-on-year to $43.3 million from $40.0 million (USD). Profit before taxation jumped from $8.1 million to $10.3 million, with net cash flow from operating activities down $10 million lower at $14.5 million, due to income tax paid of $5.2 million and an increase in inventories of $4.7 million. The Chairman of the business announced that the company performed as planned and that the stable cash generation of the group enables the company to pay dividends to shareholders and grow the business to become a mid-tier gold, copper, and silver producer. ... Read More

OptiBiotix Health inks distribution pact for South Africa, neighbouring countries

18th September 2019

OptiBiotix Health said it had entered into a one-year exclusive distribution agreement with a South African partner for its consumer weight-management products in South Africa and neighbouring countries. The agreement granted the partner, which the company did not name, exclusive rights to import, market and distribute its GoFigure range of products containing its SlimBiome weight-management technology. This agreement had been accompanied by minimum order quantities to be placed within three and 12 months of signing to retain exclusivity. Story provided by StockMarketWire.com. ... Read More

Chariot Oil announces CPR on Additional Prospects

18th September 2019

Chariot Oil announces that for their Lixus Offshore License in Morocco, the total remaining recoverable resources is upgraded to in excess of 2 Tcf of gas. There is also material running room in five Additional Prospects offers further upside in excess of 1.2 Tcf audited 2U prospective resources. Larry Bottomley, CEO, commented: "The independent evaluation of the Additional Prospects in the Lixus licence describes material running room over and above the discovered resource base and low risk exploration portfolio in the Anchois Discovery and the Anchois Satellite prospects. Following encouraging feedback from the partnering process, several interesting leads have been identified and these are currently being progressed by the Chariot team. ... Read More

Director Deals - Intermediate Capital Group PLC (ICP)

17th September 2019

Michael Nelligan, Non Executive Director, bought 10,000 shares in the company on the 17th September 2019 at a price of 1415.10p. ... Read More

Petro Matad exploration well in Mongolia disappoints

17th September 2019

Petro Matad said no hydrocarbon-bearing zones had been identified by a new exploration well in Mongolia. The Red Deer-1 well was drilled to a total depth of 2000 metres, on budget with a total cost under $4m. 'While the results of the Red Deer-1 well are disappointing, it was the first well to be drilled in any of the basins located in the south of Block XX and it therefore carried a lower chance of success than the wells in the north,' chief executive Mike Buck said. 'The company's activities are now focussed on drilling and testing operations in the north of Block XX and we look forward to updating the market further on the spudding of Gazelle-1 and the testing on Heron-1.' At 2:34pm: (LON:MATD) Petro Matad Ltd share price was -1.5p at 5.25p Story provided by StockMarketWire.com. ... Read More

Murgitroyd profit up 16%; sees increased US case load

17th September 2019

Patent law specialist Murgitroyd posted a 16% rise in annual profit and said a growing case load from US companies had gotten it off to a strong start to the new financial year. Pre-tax profit for the year through May climbed to £4.2m, up from £3.6m on-year. ... Read More

Cohort order book grows 10% in first four months of its financial year

17th September 2019

Defence technology company Cohort said the size of its order book had expanded by about 10% between the end of April and the end of August. The company's order book had swelled to £210.9m, compared to £190.9m at the end of April, chairman Nick Prest said in speech notes for the company's annual general meeting. This order book now underpinned nearly 76% of the full year's externally forecast revenue, including recently announced September orders, compared to 60% at the same time last year. 'Since we reported the group's final results in July, we have continued to win good quality work in all the group's divisions.' At 1:35pm: (LON:CHRT) Cohort PLC share price was +12p at 485p Story provided by StockMarketWire.com. ... Read More

All Asia Asset Capital raises equity to provide working capital

17th September 2019

All Asia Asset Capital said it had raised £125k from a share placing to provide additional working capital. New shares in the company were issued at 0.4p each. At 1:15pm: (LON:AAA) All Asia Asset Capital Ltd share price was 0p at 0.4p Story provided by StockMarketWire.com. ... Read More

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