Hargreaves wins deal to fuel Redcar steelworks
A MULTI-MILLION pounds contract to fire Redcar steelworks back into life is fuelling growth at one of the region’s biggest private employers.
Archive for the "Finance" Category
Mining firm Banks Group recognised in awards
A COUNTY Durham-based property and surface mining firm has been recognised by its peers in industry awards.
Insolvency trade body R3 appoints new North-East chairman
THE trade body for insolvency practitioners has appointed a new regional chairman.
Electronics firm Canford opens Dubai office
A NORTH-East firm that ensures viewers are able to see live events ranging from the football World Cup to last year’s royal wedding has opened a new operation in Dubai.
Nuclear renaissance offers great opportunities for North-East firms says Lord Hutton
A GLOBAL renaissance in nuclear power offers a fantastic opportunity for North-East engineering, a former Business Minister said on a visit to the region.
Hargreaves optimistic despite disappointing six months
County Durham mining and haulage firm Hargreaves Services, expects to meet full-year profit expectations despite a
Charles Hollywood folds after premier client’s woes
A TEES Valley advertising firm has gone out of business after its biggest client ran into trouble.
Tanfield’s £12m share placing will help address supply chain bottlenecks
A CHERRY PICKER manufacturer that has struggled to keep up with demand has raised £12m through a share placing to help free up bottlenecks in its supply chain.
Steel River wins safety contract at steelworks
A TEES Valley health and safety company is about to play a key role in helping to boost efficiency at an iconic local steelworks.
Peacocks staff face uncertain future
Thousands of clothing firm Peacocks staff face an uncertain future after it was reported that only one company remains interested in saving the company.
Eurozone deal on hold until Greece delivers
Turbulent times: A protester throws an object towards riot police during clashes in Athens on Sunday.
Related Stories
Builders save cash in waste scheme
A third of companies saw export sales fall at end of 2011
Eco-fashion and craft shop to open in Belfast
Land auction: NI Water to offload 10 depots
600 jobs at risk in Thomson Aurways
Land auction: NI Water to offload 10 depots
Northern Ireland Water is selling a number of sites which are "no longer required by the organisation".
Related Stories
Builders save cash in waste scheme
A third of companies saw export sales fall at end of 2011
Eco-fashion and craft shop to open in Belfast
Eurozone deal on hold until Greece delivers
600 jobs at risk in Thomson Aurways
600 jobs at risk in Thomson Aurways
Thomson Airways has started consulting staff over redundancies, raising the prospect of hundreds of job losses, it was revealed today.
Related Stories
Builders save cash in waste scheme
A third of companies saw export sales fall at end of 2011
Eco-fashion and craft shop to open in Belfast
Eurozone deal on hold until Greece delivers
Land auction: NI Water [...]
Builders save cash in waste scheme
A Co Armagh firm helped construction and demolition companies save £1.96m by taking part in an Invest NI scheme for industrial symbiosis.
Related Stories
A third of companies saw export sales fall at end of 2011
Eco-fashion and craft shop to open in Belfast
Eurozone deal on hold until Greece delivers
Land auction: NI Water to offload 10 [...]
A third of companies saw export sales fall at end of 2011
Almost a third of Northern Ireland businesses have reported a downturn in exports in the last three months of 2011, according to a new survey.
Related Stories
Builders save cash in waste scheme
Eco-fashion and craft shop to open in Belfast
Eurozone deal on hold until Greece delivers
Land auction: NI Water to offload 10 depots
600 jobs at risk in [...]
Eco-fashion and craft shop to open in Belfast
Northern Ireland’s first ‘eco-fashion’ store is set to open next month.
Related Stories
Builders save cash in waste scheme
A third of companies saw export sales fall at end of 2011
Eurozone deal on hold until Greece delivers
Land auction: NI Water to offload 10 depots
600 jobs at risk in Thomson Aurways
Union to debate links with Labour
One of the biggest union affiliates to Labour is set to debate its links with the party after an "unprecedented" number of branches raised concerns.
Related Stories
A third of companies saw export sales fall at end of 2011
Eco-fashion and craft shop to open in Belfast
Eurozone deal on hold until Greece delivers
Land auction: NI Water [...]
China offers to help stabilise Europe
Chinese Premier Wen Jiabao – who is to visit the Republic this week – has offered co-operation to help stabilise debt-ridden EU countries.
Related Stories
A third of companies saw export sales fall at end of 2011
Eco-fashion and craft shop to open in Belfast
Eurozone deal on hold until Greece delivers
Land auction: NI Water to offload 10 depots
600 [...]
Attack on Facebook float plan
Facebook founder Mark Zuckerberg has been accused of “hubris” in a strongly worded attack by one of America’s leading shareholder groups on the social network’s plans for a multi-billion dollar flotation.
Related Stories
A third of companies saw export sales fall at end of 2011
Eco-fashion and craft shop to open in Belfast
Eurozone deal on hold until Greece [...]
Wednesday’s most followed: Nighthawk Energy, Xcite Energy, Blinkx, Motive Television, Sports Direct
Oil firms Nighthawk Energy (LON:HAWK) and Xcite Energy (LON:XEL) found themselves under the spotlight after emerging among the top performers in London markets this morning.
Both were atop the list of the most popular searches on Google Finance, as was Aminex (LON:AEX), which also did well, after announcing positive results from the Ntorya-1 well in Tanzania.
The [...]
Anglesey Mining: LIM signs new iron ore sales deal for 2012 – UPDATE
—Adds comments from broker Ambrian and details from LIM’s Q3 results—
Anglesey Mining (LON:AYM) today told investors that a new marketing deal has been signed for the Schefferville iron ore production.
The company’s 33 per cent owned associate Labrador Iron Mines (TSE:LIM) owns the mining operation.
Through the deal Rio Tinto’s Iron Ore Company of Canada (IOC) will [...]
Olympic boost for Holiday Inn
The owner of Holiday Inn and Crowne Plaza said its London hotels are already 80% booked for the forthcoming Olympics.
Related Stories
A third of companies saw export sales fall at end of 2011
Eco-fashion and craft shop to open in Belfast
Eurozone deal on hold until Greece delivers
Land auction: NI Water to offload 10 depots
600 jobs at risk [...]
Numis Securities believes Cupid has strong growth potential
Numis Securities has highlighted the strong growth potential of Cupid (LON:CUP) following the latest acquisition that added three brands to the portfolio of the online dating company.
Cupid announced yesterday it was paying £600,000 upfront and a further £200,000 when targets are achieved to acquire the rights to operate the “Friends Reunited Dating”, “Friends Over Fifty” [...]
Atlantic Coal takes option on US$35 million huge coal property in Pennsylvania
Atlantic Coal (LON:ATC) today said it had taken out an option on a second anthracite coal property in Pennsylvania, which could cost it US$35 million.
Because of the size of the potential deal it would amount to a reverse takeover and would require shareholder approval.
Atlantic said it had not yet started due diligence, which would take [...]
Broker Roundup Pt 1 including Anglo American, Rio Tinto, BG Group, International Airlines Group, Imperial Tobacco, Sports Direct and Cupid Plc
Wall Street bank Citigroup has downgraded miner Anglo American (LON:AAL) to ‘neutral’ from ‘buy’ and says now might be a good time for investors to take profits.
“Anglo’s share price has rallied 26 per cent since its 12-month low of £21.38 on October 4, due partly to widespread corporate action speculation (as reported in Bloomberg, for [...]
Magnolia Petroleum increases acreage further at Mississippi Lime formation – UPDATE
—-Adds broker comments and current share price—-
AIM-quoted Magnolia Petroleum (LON:MAGP) has further increased its acreage in the oil producing Mississippi Lime formation in Oklahoma with a new acquisition.
Today’s deal to acquire an additional 480 acres of the reopening oil play via a farm-out agreement comes after it announced last week that it had bought a [...]
Aminex & Solo Oil shares rebound as deepened Ntorya-1 well finds gas
An encouraging result in the now deepened Ntorya-1 well has prompted a fight back in Aminex (LON:AEX) and Solo Oil (LON:SOLO) shares.
This morning the exploration partners revealed that they have encountered strong gas shows in a good quality reservoir sand. It occurred at a depth of 2,660 metres after the partners made a decision to [...]
Edenville Energy rallies on assay results from Mkomolo coal deposit
Coal miner Edenville Energy (LON:EDL) said the latest drill assay results from its Mkomolo deposit in Tanzania continued to demonstrate that the coal resource extends to the north.
Investors welcomed the report, sending shares in Edenville up six percent to trade at 0.45 pence in early deals, giving the company a market cap of £19.8 million.
Today’s [...]
ENERGY MARKETS REPORT INCLUDING: China’s PBOC have said global liquidity remains loose and oil prices face upward pressure
WTI and Brent Crude futures are facing upwards pressure ahead of the North American open following further forecasts of Chinese economic sustainability and supply concerns from the Middle East, as Iran continues to push forward with its nuclear programme, unveiling a new advance in their nuclear fuel usage today.
Oil & Gas News:
• A senior official [...]
Fairfax Marketing Report including: Solomon Gold, Minera IRL, Ormonde Mining, Anglesey Mining plus others
Morning View:
Economic News:
China –China has pledged to invest in Europe’s bailout fund and maintain its current holdings of euro assets.
· The People’s Bank of China stated “China will always adhere to the principle of holding assets of EU sovereign debt… and we would participate in resolving the debt crisis”
· The messages are undoubtedly positive and [...]