LONDON REPORT July 15, 2012 A SLEW of company results this week culminates with a busy Thursday, when retail giant Sports Direct, Halfords, Kingfisher and Mothercare are all set to update the market. Accountancy software maker Sage is set to give an interim management statement today, which will be followed with a Capital Market Day for investors tomorrow. Panmure Gordon [...]
Keystone in lift from Kurdistan November 8, 2011 OIL and gas explorer Gulf Keystone Petroleum yesterday raised its estimates for reserves at its Shaikan prospect in Kurdistan. It is estimated that the site holds up to 13.4bn barrels of oil, up from the previous prediction of 10.8bn barrels. Shares in the company went up eight per cent after the announcement. Evolution Securities analyst [...]
CITY MOVES | WHO’S SWITCHING JOBS July 19, 2012 Inflexion Private Equity The private equity house has announced the promotion of Richard Swann from the position of investment director to its partnership. He joined Inflexion in 2008, and has since led several of its investments. Swann’s promotion follows the firm’s recent appointments in Brazil, India and China. Coutts Johnny Heng has been appointed managing [...]
Keystone on target to top oil estimates October 24, 2011 GULF Keystone Petroleum said yesterday it expects to shortly increase its oil reserves estimates at one of its exploration fields in Kurdistan. It told investors in a market update that the Shaikan field project held between five and 10 per cent more oil than originally thought, having examined new 3D data. Previous estimates had put [...]
THE TIPSTER April 30, 2012 Rolls Royce has steadily gained ground since 2009, even in an era of reduced defence expenditure. Its shares had a quiet 2011 until October, when they began making impressive progress, up almost 40 per cent to date. Increasing orders make its shares a more compelling possibility, even if they reside near all-time highs. IG Index [...]
LONDON REPORT May 27, 2012 AS DELIBERATIONS over the Eurozone’s future rumble on this week, weighing on global markets, a raft of retail firms are due to report on how the British high street has treated them in recent months. The FTSE 100 rose 1.5 per cent last week, but is still down two per cent down since the start [...]
WesternZagros considering a London listing May 27, 2012 CANADIAN oil explorer WesternZagros Resources is considering a London listing in a bid to increase the valuation of its oil and gas assets. The board of the Calgary-based company, which has assets in the Kurdistan region of northern Iraq, is in discussions over whether to have a dual listing and whether the company would need [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 6, 2012 FINANCIAL TIMES Mittal reduces China steel ambitions Lakshmi Mittal has signalled a dramatic scaling back of ArcelorMittal’s ambitions to expand in China’s steel industry through an agreement to cut the company’s stake in one of the country’s top metals producers. The chairman, chief executive and main owner of the world’s biggest steelmaker had hoped to [...]
Gulf Keystone drafts in former Army chief October 3, 2011 THE FORMER head of the British Army, Lord Guthrie of Craigiebank, has been appointed a non-executive director of oil company Gulf Keystone. Lord Guthrie, who was chief of the defence staff between 1997 and 2001, is a cross bench member of the House of Lords. He was director of NM Rothschild & Sons Limited from [...]
Correction March 14, 2012 On Tuesday, City A.M. printed an article entitled “Gulf Keystone shares plunge”, which quoted a note from Seymour Pierce analysts that included an interview with chief executive Todd Kozel that it said took place last weekend. Seymour Pierce has since corrected the note to the effect that the quoted interview actually took place several years [...]