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FTSE sours on supermarkets; Wall St, Europe fall

FTSE indices ended on a sour note as supermarkets dragged, followed by a caboose comprising numerous sectors including energy, financial and property. Wall St was down after a swag of economic data, and European markets entrenched their midday weakness. FTSE 100 closed down 61.2 points, or 0.9%, to 6749.4. FTSE 250 was down 35.91, or […]

Mining Sector: Weatherly soars on progress at Tschudi copper mine

Weatherly International’s (LON:WTI) shares soared after it reported that the Tschudi copper mine is well ahead of its original schedule, with first copper expected next month. The crushing and processing plant is now in full operation and functioning effectively. “We are using a proven technology to extract high grade copper in a low cost operation,” […]

Shell corrects results after error in stock valuation

Royal Dutch Shell’s income attributable to shareholders has been reduced after the company corrected its fourth quarter and full-year results which were announced yesterday. The company says that after making its announcement, a stock valuation error in its downstream operations was discovered. The value of inventories in the condensed consolidated balance sheet, reported as $19,981m, […]

Bowleven gets presidential decree for farm-out

Bowleven has received the signed presidential decree approving the Etinde farm-out deal with LUKOIL/NewAge. Bowleven says it is now await the gazetting of the decree, the final condition to completion of the Etinde farm-out and receipt of transaction proceeds. At 8:34am: (LON:BLVN) BowLeven PLC share price was +1.5p at 27.25p Story provided by StockMarketWire.com

Dee Valley warns of challenge from new price limits

Dee Valley has accepted Ofwat’s final determination of price limits for 2016 to 2020 which will cut average household bills by around 2%. Dee Valley says the final determination outcome for the group and indeed the whole sector presents a significant challenge with Ofwat allowing a considerably lower return on capital of 3.6% (2010-11/2014-15: 5.1%). […]

Urals Energy wins in KNGF appeal case

Urals Energy PCL has won its case against the appeal made by KNGF in the matter of its outstanding loan to KNGF, equivalent to about $0.5m and expects the court in the first instance to issue the order for its collection in mid-February. “As announced on 13 January 2015, all litigation in the matter of […]

Resources hurt FTSE as Europe rises, US mixed

FTSE indices closed lower with resources stocks providing ballast throughout the lacklustre session, with several financials also drifting down. Wall St was mixed early on, while European markets peaked into positive territory. FTSE 100 closed down 15.34 points, or 0.22%, to 6810.6. FTSE 250 was down 68.12, or 0.41%, to 16,357.6. A healthy flow of […]

Mining Sector: Landore up as winter exploration campaign starts

Landore Resources (LON:LND) was one of the sector’s biggest risers after confirming the start of the winter exploration campaign at its 100%-owned Junior Lake property in Ontario. It says that a review of existing data has established that the Alpha Zone immediately adjacent to the B4-7 nickel-copper-cobalt-PGEs deposit is far more significant than previously determined […]

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