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FTSE down on retailers, financials in interims tornado

FTSE indices closed down after a breath-taking tornado of interim results swamped the City, with retail-related and financial stocks providing scarcely compelling cue. Wall St eased. At the close, the FTSE 100 was down 23.88 points, or 0.36%, to 6622.72, while the FTSE 250 was down 10.35 points, or 0.07%, to 15,379.7. Next (NXT), down […]

RRL in $15m loan agreement to invest in rig fleet

Range Resources has signed a loan agreement for up to $15m in medium-term financing with Lind Asset Management, LLC, a New York-based institutional investor managed by the Lind Partners, LLC. Proceeds will primarily be used to invest in the Company’s rig fleet, accelerate development drilling of the Trinidad portfolio and for general working capital purposes […]

Pantheon raises £18.5m to hike interest in Kara Farms

Pantheon Resources has conditionally raised gross proceeds of up to £18.5 million (US$30.2 million) before expenses by way of a Firm Placing of 59,000,000 new ordinary Shares and Conditional Placing of 33,609,870 new ordinary Shares at a price of 20 pence per share. Net proceeds of the Placing will be used by Pantheon to increase […]

How to make Britain fall in love with fracking

If we want to get the public behind fracking, we’re going to have to do what they do in America, says Merryn Somerset Webb. We’re going to have to pay them.

Petrofac upgraded by Credit Suisse

Credit Suisse has upgraded its recommendation on oil services engineer Petrofac (LON:PFC) to ‘outperform’ from ‘neutral’, after concluding that the shares have been too heavily de-rated. The shares have backtracked by around 15 per cent in the past three months. The broker reckons the shares now offer compelling value for investors, given they are now […]

FTSE ends mixed ahead of UK vote on Iraq airstrikes

FTSE indices closed mixed as the UK parliament debates sanctioning military action in Iraq to help counter the threat posed by terror-group-of-the-moment IS. The blue-chip index was helped a jot higher by a mixed bag of sectors. At the close, the FTSE 100 was up 9.68 points, or 0.15%, to 6649.39, but the FTSE 250 […]

Range suspension lifted

The trading on AIM for Range Resources was temporarily suspended. The suspension is lifted from 26/09/2014 2:10pm, an announcement having been made. At 2:14pm: (LON:RRL) Range Resources Ltd share price was +0.23p at 1.48p Story provided by

Range responds to share price movement

Range Resources has noted the recent movement in the Company’s share price and said that it was aware of related market speculation. As previously announced, the Company confirms it is continuing to explore various financing options (which may result in financing of up to US$15 million) and will make a separate announcement should any material […]

Range Resources shares suspended

Trading on AIM for Range Resources has been temporarily suspended from 26/09/2014 1:25pm, pending an announcement. At 1:40pm: (LON:RRL) Range Resources Ltd share price was +0.23p at 1.48p Story provided by

FTSE mixed as wary market eyes UK anti-terror debate

FTSE indices were mixed with investor enthusiasm dampened as the UK parliament debates another round of military action in Iraq, this time air strikes against terror group of the moment IS. Near noon, the FTSE 100 was up 1.4 points, or 0.02%, to 6641.11, while the FTSE 250 was down 40.98 points, or 0.27%, to […]

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