Frontera Resources, the Georgia- (USA) focused oil company has reported falling revenues for full year 2011. Crude oil sales fell from 8.3m dollar in 2010 to 7.4m dollars in 2011. The company also completed a restructuring during the year resulting in a net loss of 119.9m dollars compared to 63.9m dollars in 2010. Earnings per share came in at 13 cents. By 11:50 the shares had fallen 15.3 per cent.
Ariana Resources, the gold miner focused on Turkey had risen 2% by midday after one of its directors, Managing Director, Kerim Sener bought 300,000 shares in the firm. Sener now holds 1.71% of the stock.
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Gold Oil, an oil and natural gas explorer focused on South America, says there "can be no certainty" that it will complete a farm-in at its concession in Peru. The firm is also experiencing delays at its Azar block in Colombia. The stock was down 5.5% at 11:55.
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Reeves urged to axe stamp duty from UK shares held in an ISAChancellor Rachel Reeves is reportedly considering axing stamp duty from UK shares held in stocks and shares ISAs. What could it mean for your portfolio?
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Family investment companies explained: how the ultra wealthy shield their money from the taxmanWealthy families are increasingly turning to family investment companies to keep more of their money away from HMRC – but what are these arrangements and how do they work?
