Drone company Strat Aero floats on Aim after raising £650,000 in placing November 16, 2014 Aerospace services company Strat Aero begins trading on Aim today, following a placing of 8,125,000 shares to raise £650,000. The placing values the company at around £6.2m, and the funds raised will be used to provide working capital to explore existing and new opportunities. Strat Aero will be focusing particularly on the growing market for [...]
World Cup and an improving Irish economy help to spur TV and radio growth for UTV November 13, 2014 Northern Irish radio and television broadcaster UTV yesterday announced a nine per cent increase in revenue to £84.7m in the nine months to 30 September, thanks in large part to improving economic conditions in the UK and Ireland. UTV held the radio rights to the 2014 World Cup in Brazil, which helped to boost its [...]
Dollar falls as US unemployment drops – but not enough November 7, 2014 The dollar wobbled, then fell 0.15 per cent against the pound after the US announced weaker-than-expected jobs growth. Non-farm payroll figures published by the US' Bureau of Labor Statistics today showed the country added 214,000 jobs in September, a drop from September's 256,000 and way below expectations of 235,000. Unemployment fell to 5.8 per cent, [...]
Rouble edges up after falling to historic low against dollar and euro November 7, 2014 The rouble recovered slightly against the dollar in late morning trading, after it dropped to historic lows against both the dollar and the euro. At one point in mid-morning, it took more than 48 roubles to buy a dollar, as investors showed their lack of confidence in the Russian central bank's ability to control its [...]
Dollar rises as US jobs data beats expectations November 5, 2014 Having experienced a blip over the summer, the US jobs market continued its recovery in October, creating 230,000 new jobs, data by payroll company ADP showed today. The figure beat expectations of 220,000, causing the dollar to rise 0.4 per cent against both the pound and the euro. The data comes ahead of Friday's non-farm [...]
US growth beats expectations as dollar gets a lift October 30, 2014 THE DOLLAR continued to increase against the euro yesterday after US GDP growth surprised on the upside and the market further digested hawkish statements from the Federal Reserve on Wednesday. Annualised growth – what annual growth would be if the three-month growth rate were maintained over a full year – was 3.5 per cent in [...]
Afren takes hit in third quarter October 30, 2014 SHARES were down by 15.6 per cent yesterday at Afren, as the oil group reported reduced production. The firm delivered average net production of 31,147 barrels of oil per day (bopd) in the nine months to September 2014, below full-year guidance range of between 32,000 to 36,000 bopd. Afren sacked its chief executive earlier this [...]
Afren share price rises after firing CEO Osman Shahenshah and COO Shahid Ullah October 14, 2014 Afren's share price climbed by over 3.5 per cent yesterday after the oil company announced that its chief executive and chief operating officer (COO) had been sacked for gross misconduct following an independent review. The company had suffered a 30 per cent share slump when it suspended CEO Osman Shahenshah and COO Shahid Ullah [...]
Afren share price plunges as company fires chief exec and chief operating officer for misconduct October 13, 2014 Afren was plunged into fresh turmoil last night after the oil and gas explorer revealed it has fired chief executive Osman Shahenshah and chief operating officer Shahid Ullah for gross misconduct. Afren’s shares have plunged since the controversy over unauthorised payments began at the end of July. The group said law firm Willkie Farr & [...]
US concern over strong dollar to delay rate hike October 8, 2014 US STOCKS jumped last night as newly released details from the US central bank’s September meeting showed concern over raising rates too early. Policy makers at the Federal Reserve expressed concern that weak economic growth in the Eurozone, China and Japan could hit US exporters. Their worries were compounded by the risk of unforeseen events [...]