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Company News

BP and Enbridge agree new pipeline investment
Friday 29 Aug 2008
BP and Enbridge Inc have agreed to spend as much as US$2bn on developing a delivery system to get Canadian heavy crude oil from Illinois to Texas.
Minmet 'very happy' to recommend 10p a share offer
Friday 29 Aug 2008
Oil and gas explorer Minmet has received a conditional £9.2m offer to buy the business from NRG Holdings International.
Npower and Scottish Power in fuel bill hike
Friday 29 Aug 2008
Britain’s big six energy suppliers have all raised household fuel bills now that Npower has joined Scottish Power in announcing new increases today.
Small caps round-up: Adwalker, Angus and Ross, Rheochem
Friday 29 Aug 2008
Adwalker, the company that pays people to wear jackets with LCD screens displaying advertising, reported an 11% rise in turnover in the year to 28 February and said it was confident it would survive the current challenging economic climate.
Scottish Power hikes energy bills
Friday 29 Aug 2008
Scottish Power has become the latest energy provider to hike prices for domestic customers due to further increases to input costs of coal and wholesale gas.
X5 Retail figures jump
Friday 29 Aug 2008
Russian Food retailer X5 Retail saw sales and profit for the half-year jump as it revised its full year guidance for 2008.
Evolution falls into losses but confident
Friday 29 Aug 2008
Equity market volatility and weaker IPO scene pushed Evolution into losses for the half year but the investment bank remains confident in its prospects for the full year.
FTSE 250 movers: Titanium plant approval boosts Aricom
Friday 29 Aug 2008
Aricom’s joint venture with Chinalco gained approval from the Chinese government for the construction of a titanium sponge plant in Jiamusi City, sending shares in the mining group is up nearly 10%.
Alizyme says Colal-pred submission date uncertain
Friday 29 Aug 2008
Drug developer Alizyme said timing of the Marketing Authorisation Application (MAA) for its ulcerative colitis treatment Colal-Pred is now uncertain.
Cadogan expects 'exciting' second half
Friday 29 Aug 2008
Cadogan Petroleum has shrugged off concerns about two of its key licences in the Ukraine and promises an “exciting second half of 2008”.
Oxford Biomedica boss departs
Friday 29 Aug 2008
Gene therapy group Oxford Biomedica has parted company with its chief executive after less than two months at the helm.
Imperial Energy on track
Friday 29 Aug 2008
Bid target Imperial Energy said it is on track to achieve 25,000 barrels of oil per day (boepd) and 35,000 bopd by the end of 2009.
Profit flat at Aga Rangemaster
Friday 29 Aug 2008
Trading during the first half has been “resilient” at refrigerator and cast iron cooker group Aga Rangemaster, although profit remained flat on the year before.
Talvivaara unfazed by commodity price reversal
Friday 29 Aug 2008
Talvivaara Mining remains confident its production costs will be low enough to mine profitably when it starts production in October, despite the decline in nickel and zinc prices over the summer.
New Issues Round Up
Friday 29 Aug 2008
A report from US financial services boutique Keefe, Bruyette & Woods has revealed that global initial public offering volume slipped to its lowest in 15 years this month.
Lavendon interims impress
Friday 29 Aug 2008
Hydraulic lift rental specialist Lavendon made "good progress" in the first half, with profit up 43% and trading since the end of the period in line with expectations.
Asset write-downs hit Unite Group
Friday 29 Aug 2008
Revaluation losses sent student accommodation specialist Unite Group into the red in the first half of 2008.
Glum outlook for SVG
Friday 29 Aug 2008
Seven years of net asset value increases came to an end at SVG Capital as the private equity investor and fund manager fell victim to the fall-out from the credit crunch.
City job drought hits Robert Walters
Friday 29 Aug 2008
Recruitment firm Robert Walters is still cautious about the short term outlook as pre-tax profit fell 15% to £9.8m during the first half.
T Clarke 'performing well'
Friday 29 Aug 2008
Half year profit jumped 39% at electrical engineering and contracting firm T Clarke, in line with expectations despite the tough economic environment.

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