Kea Petroleum (KEA)

Insurance claims outsourcing group Quindell (QPP:AIM) publishes transformational 2013 results showing revenues 133% higher and earnings per share roughly doubled to 1.97p. Yet less impressive operating cashflow (£3.2 million) troubles the market, sending the shares down 6.5% to 36.25p. There may also be the traditional profit taking upon publication of results, given today's numbers follow a ...

The departure of Spirent (SPT) chief executive Bill Burns is a major shock with the telecoms kit business seemingly bouncing back. But it looks like Burns is paying the price for slow orders and failure to prop up the share price with cash. But the market thinks it's the right move, pushing the shares 5% higher to 135p. Yet another earnings upgrade helps to fuel shares in consultant WYG ...

Is the mooted tie-up between AG Barr (BAG) and Britvic (BVIC) doomed? The Competition Commission has provisionally cleared the potential merger on the grounds it is unlikely to substantially lessen competition. A final decision is expected by the end of July yet Britvic's shares have today fallen 1.1% to 495.1p after the group made some odd comments. Britvic's chairman Gerald Corbett said the ...

Oil and gas fans were treated to a plethora of news today as companies big and small updated on projects and issued financial results. Leading the pack was £1.9 billion cap Premier Oil (PMO) which advanced 3.7% to 376.1p after the group flagged a 'potentially significant' oil discovery in Norway. The Luno II prospect in the Norwegian North Sea will now be flow tested to establish if it is a ...

Play momentum in Kea Petroleum (KEA:AIM) ahead of updates on its Puka-2 oil discovery in New Zealand and further drilling in the surrounding area. Shares in the Aim-quoted explorer have gained 36% since it announced (14 Feb) the find meant it could ‘look forward with confidence to an early and substantial cash flow’. A flow test on Puka-2 would offer confirmation of this potential and ...

Yankee Doodle, America is calling. Aberdeen Asset Management (ADN) has stepped up its expansion in North America with the £112 million acquisition of Artio Global Investors, sending its shares up 2.7% to 427.4p. It is also buying a stake in SVG Advisers for £17.5 million. Artio, which as a net asset value £90 million, deepens Aberdeen's distribution network in the region while adding to its ...