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UK SMALLCAP ROUNDUP: Hydrogen Group's 1H Beats Own Views

Thu, 01st Jul 2010 12:30

Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps HYDROGEN GROUP PLC (HYDG.LN), a professional recruitment business, Thursday said first-half trading was ahead of its own expectations, boosted in part by a larger proportion of business overseas, and it is now looking to expand further internationally. At 1050 GMT, shares +8 pence, or 6%, at 132 pence. ABB LTD. (ABB), a Swiss engineer, Thursday threw in the towel in a bidding war over U.K. industrial company CHLORIDE GROUP PLC (CHLD.LN), increasing the chances of success for a rival offer by Emerson Electric Co. (EMR) of the U.S. At 1050 GMT, Chloride shares -16.4 pence, or 4.3%, at 369.6 pence. GREENE KING PLC (GNK.LN), a U.K. pub group, plans to accelerate the growth of its estate of managed pubs while shrinking its tenanted pub business as it further increases its exposure to the more profitable eating-out market. In the year to May 2, its pretax profit before exceptional items climbed 3.8% to GBP123 million, meeting analysts' expectations. At 1050 GMT, shares +2 pence, or 0.4%, at 394 pence. 888 HOLDINGS PLC (888.LN), an online gambling company, Thursday said its independent subsidiary Dragonfish has inked a deal with MTV Networks UK & Ireland to launch the music television station's first online gaming website. 888 said the bingo offering, being branded as Up Your Bingo, will initially be layered in to its Dragonfish network and will receive significant marketing exposure across the existing MTV and VIVA network on both TV and online. At 1050 GMT shares -0.25 pence, or 0.7%, at 35.25 pence. CH2M HILL COS. LTD., a U.S. engineer, said it dropped its offer to acquire peer SCOTT WILSON GROUP (SWG.LN), after rival bidder URS Corp. (URS) raised its offer for the U.K. firm. At 1050 GMT Scott Wilson shares +19 pence, or 7.2%, at 285 pence. GOALS SOCCER CENTRES PLC (GOAL.LN), a five-a-side soccer company, Thursday forecast full-year results at the lower end of market expectations, adding that while the soccer World Cup will likely boost its second half performance it is taking a conservative view of any potential uplift. At 1050 GMT shares -8 pence, or 5.4%, at 140 pence. LEED PETROLEUM PLC (LDP.LN), an oil and gas company, said it agreed to pay its bank higher interest rates after production problems hurt earnings and put it in breach of its loans. At 1050 GMT shares -1 pence, or 25%, at 3 pence. ET-CHINA.COM INTERNATIONAL HOLDINGS LTD. (ETC.LN), a travel company, and financial adviser CLARKSON HILL GROUP PLC's (CLKH.LN) shares were suspended after the companies failed to publish their accounts on time. Et-China suspended at 103.5 pence. Clarkson Hill suspended at 2 pence. CHAARAT GOLD HOLDINGS LTD. (CGH.LN), a Kyrgyzstan-focused gold miner, said it raised GBP3.85 million to fund drilling and studies at its flagship Chaarat project. At 1050 GMT, shares -1 pence, or 1.8%, at 40 pence. GEONG INTERNATIONAL LTD. (GNG.LN), a business software company, said it has secured a three-year facility of up to GBP5 million to use on acquisitions. At 1050 GMT shares -4 pence, or 11%, at 31 pence. PROSTRAKAN GROUP PLC (PSK.LN), a drug company, said marketing partner Endo Pharmaceuticals Holdings Inc. (ENDP) submitted fresh data to the U.S. Food and Drug Administration regarding testosterone gel Fortesta in an effort to get it cleared for sale. The FDA said in October 2009 it couldn't approve Fortesta based on the data provided in the two companies' regulatory submissions. At 1050 GMT shares -1 pence, or 1.9%, at 66 pence. ZOTEFOAMS PLC (ZTF.LN), a foam manufacturer, said it expects its full-year pretax profit to top market expectations, following a better-than-expected performance during its first half. At 1050 GMT shares +7 pence, or 6.9%, at 101 pence. METMINCO LTD. (MNC.AU), an explorer for metals in South America, said it more than tripled its resource estimate for its Los Calatos copper and molybdenum project in Peru to 926 million metric tons. The increase follows the latest drilling results for Los Calatos from Hampton Mining Ltd., in which Metminco holds a 69.4% stake. At 1050 GMT shares +1 pence, or 5.3%, at 17 pence. CAPE PLC (CIU.LN), an oil and gas industrial services company, is setting its sights on forming a joint venture in Turkmenistan after earlier announcing a joint venture with SOCAR, the State Oil Company of Azerbaijan, and expects to make an announcement within the next six to 12 months. At 1050 GMT, shares +3 pence, or 1.4%, at 203 pence. DJ UK Smaller Cos -1.5% AIM -1.2% -By Hannah Benjamin, Jason Douglas and Rachael Gormley, Dow Jones Newswires; +44 (0) 20 7842 9298; uksmallcaps@dowjones.com (Martin Gelnar in Zurich and Michael Carolan in London contributed to this article.) (END) Dow Jones Newswires July 01, 2010 07:30 ET (11:30 GMT)
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23 Jan 2015 10:40

DIRECTOR DEALINGS: Leed Resources Non-Executive Buys First Shares

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26 Mar 2014 13:40

UK MIDDAY BRIEFING: Government Completes 2nd Lloyds Bank Stake Sale

LONDON (Alliance News) - The UK government has raised a further GBP4.20 billion from its second sale of Lloyds Banking Group PLC shares, meaning it has now recouped GBP7.41 billion of the roughly GBP21 million that taxpayers injected into the bank during the financial crisis.<

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26 Mar 2014 11:30

UK WINNERS & LOSERS: Standard Life Leads FTSE 100 Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

Standard Life, up 5.2%. The company has agreed to buy Ignis Asset Mana

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26 Mar 2014 10:57

Leed Resources Loss Narrows, Announces Spending Reduction Targets

LONDON (Alliance News) - Leed Resources PLC Wednesday said its pretax loss narrowed in its first half, announced spending reduction targets, and said it plans to shift investment focus. The natural resources investment company, which is yet to produce any revenues, narrowed its pretax loss

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3 Mar 2014 13:43

REPEAT: UK MIDDAY BRIEFING: Markets Jolted By Ukraine Crisis

LONDON (Alliance News) - Stocks have tumbled across the world, while gold and oil prices have jumped sharply, after Russia moved over the weekend to take control of the Crimea, prompting fears that Ukraine could end up going to war with its bigger neighbour.

The oil price has hit a

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3 Mar 2014 13:40

UK MIDDAY BRIEFING: Markets Jolted By Ukraine Crisis

LONDON (Alliance News) - Stock have tumbled across the world, while gold and oil prices have jumped sharply, after Russia moved over the weekend to take control of the Crimea, prompting fears that Ukraine could end up going to war with its bigger neighbour.

The oil price has hit a 2

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3 Mar 2014 11:49

UK WINNERS & LOSERS: Gold Miners Benefit As Gold Price Rises

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

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Increasing geopolitical tension following Russia's decision to mobilize its troops in the Crimea region of Ukraine over the weekend has p

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3 Mar 2014 10:02

Leed Resources Slides As Directors Cancel All Outstanding Share Options

LONDON (Alliance News) - Leed Resources PLC saw its shares fall sharply Monday after it said its directors had agreed to cancel all their outstanding share options, part of its efforts to turnaround the business. In December, the company had reported a GBP1.3 million loss for its last finan

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27 Nov 2013 11:30

Leed Resources Writes Down Full Investment In Troubled Manas Coal

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24 Jan 2012 11:22

Viridas flogs Leed Petroleum stake

Viridas, the natural resource investment firm, has decided the time is right to cash in on its investment in fellow investor in natural resources, Leed Petroleum. The company made just short of £2.9m after selling 592.7m Leed shares at 0.48p per share. Following this sale, Viridas will continue to

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12 Sep 2011 13:49

Leed Petroleum jumps after coking coal acquisition

Shares in Leed Petroleum, the AIM-listed natural resources investment company, jumped by 20% on Monday after the acquisition of a 17.5% stake in Kyrgyz Republic-focused coking coal firm Manas Coal. "The investment in Manas represents an opportunity to buy into a prospectively high value coal projec

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22 Feb 2011 17:00

London close: Rally falls short as Libya casts shadow

Strong consumer confidence figures in the US sparked an impressive rally from the top share index this afternoon following earlier gloom over the Libyan turmoil and the higher oil price, but worries re-emerged and the FTSE 100 finished below 6,000. BHP Billiton is one of those that has limped into

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22 Feb 2011 14:12

London afternoon: Modest rally continues

Shares continued to pare the morning's losses over the lunch time trading session, and from a position at the mid-morning stage where only five FTSE 100 constituents were in positive territory, by 2pm that number had grown to around 20. BHP Billiton is one of those that has limped into the black. T

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22 Feb 2011 10:36

Leed approaches unsatisfactory

AIM-quoted Leed Petroleum says that there are a number of parties interested in buying some or all of its principle oil and gas assets but none of the proposals has been good enough to put the company on a more secure financial footing. The approaches came about after Macquarie Tristone was appoin

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11 Jan 2011 16:51

London close: Strong gains for FTSE 100

Share prices edged back from earlier highs ahead of the close, but still finished with good gains as fears over European sovereign debt contagion recede in the wake of a show of support for eurozone bond issues from Japan. It has been a good day for banks, with Societe Generale issuing a bullish no

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