Jon has been reporting on stock markets for over twenty-five years for audio text companies (remember them?!), newswires, and websites. He helped set up MarketEye News for ICV/Topic in the 1990’s before moving on to become a Markets reporter at AFX News. After over 10 years, which saw him rise to the dizzy heights of Markets Editor at AFX, the firm’s acquisition by Thomson Corp and subsequent takeover of Reuters, he moved on in 2012. Prior to Proactive Investors, he was News Editor for thisismoney.co.uk, the Mail Online’s financial website.
The fund said it attributes Hurricane's share price decline principally to its warrant issue announced on May 12 and comments at its annual general meeting on June 7, which referred to the near term focus being on funding and delivering the Early Production System
The AIM-listed firm said it has entered into a subscription and underwriting agreement with shareholders Astoria and Kingswood to raise total gross proceeds of approximately £9.2mln
Following on from yesterday’s HSBC upgrade, JPMorgan Cazenove has today raised its rating for Centrica to 'neutral' from 'underweight'
In a note to clients, the US bank's analysts said: “The main reason is valuation after a c40% rally in the shares since January 4, 2016"
Saga’s chief executive officer, Lance Batchelor, said: “We remain on track to deliver on our strategic objectives, including the launch of our membership scheme, Saga Possibilities, which will go live later this year."
The US bank’s analysts said: “Gaming stock valuations appear to be pricing in a consistent growth premium for online players and a bear case regulatory scenario only affecting retail-exposed players.”
The financial services firm said strong client demand had boosted its performance
The AIM-listed group said it will also use the funds to finance explorations work on the Big Sandy lithium project in Arizona, in which the company has a 25% stake