Bowleven to delist from London Stock Exchange’s AIM amid stalled oil project Markets Listed oil and gas company Bowleven is set to de-list from the London Stock Exchange to be re-registered as a private limited company
Watch your step: Shareholder activism is on the rise and UK companies are among the most vulnerable UK companies beware: activist investors may be coming for you. New global research out today has identified the UK as one of the most at-risk countries for shareholder activism. Outside of the US, the dominant market for activism, an FTI Consulting activism tracker found 342 global campaigns last year, compared with 70 in 2010. Read [...]
Britain likely to reach a record low for inflation – London Report CONSUMER price inflation is likely to have fallen to a new record low of 0.2 per cent in February, moving Britain closer to deflation. Official figures out tomorrow look set to show the fall in the index, which comes after the previous low of 0.3 per cent in January. Howard Archer, of IHS Global Insight, [...]
Macquarie replaces Bank of America as Bowleven’s nomad December 1, 2014 BRITISH oil and gas company Bowleven has hired Macquarie Capital as its new nominated adviser (nomad) on the Alternative Investment Market (Aim), following the resignation of Bank of America last week, the company announced yesterday. The Edinburgh-based firm said in a statement that it had appointed Macquarie with immediate effect to act both as its [...]
Aim withdrawal on the cards for Bank of America November 24, 2014 Bank of America Merrill Lynch (BAML) looks set to withdraw its status as a nominated adviser (nomad) on Aim, reports revealed yesterday. BAML’s departure would leave only three remaining large “bulge bracket” banks advising Aim-listed companies. It would also leave oil and gas firm Bowleven without a nomad. A number of the big investment banks [...]
Best of the Brokers for 30 June 2014 June 29, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BARCLAYS Standard and Poor’s has reduced Barclays to “hold” from “buy”, also cutting the target price to 240p from 300p. The broker noted the further risk for potential regulatory fines, with Barclays already facing investigation from various authorities into a number of alleged [...]
Bowleven shares soar on state support for Cameroon project June 3, 2014 SHARES in Bowleven shot up yesterday after it announced the Cameroon government has agreed support for its Etinde Permit. The stocks, listed on the Aim market, rocketed 9.63 per cent to close at 37p. The Africa-focused oil and gas group said a formal resolution has been passed, following a meeting with the government on May [...]
London Report: Mortgage lending data to shine light on housing boom March 30, 2014 MORTGAGE approval data for February, due out today, are likely to highlight more growth in the heated housing market. The figures will be closely watched after the Bank of England last week warned some borrowers may be overstretching themselves in the current fast-moving market. Purchasing Managers’ Index (PMI) data for manufacturing, construction and services published [...]
Bowleven loses its finance boss December 16, 2013 BOWLEVEN yesterday said its finance director John Brown is leaving the oil and gas company after nine years. Brown is moving to the United Arab Emirates to help run an offshore energy services firm, Bowleven said in a statement, leaving the company he joined as it listed on Aim in 2004. Deputy finance director Kerry [...]
London Report: Carney likely to bear good news about inflation November 10, 2013 GOVERNOR of the Bank of England Mark Carney is likely to be the bearer of good news when he presents his inflation report on Wednesday, with the growth rate heading up and the unemployment rate coming down. Carney pledged in August not to raise rates until unemployment fell to at least seven per cent, a [...]