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The Markets
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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Trending - Nostra Terra, corporate jet, Sports Direct and bookies

The firm says it's turning itself around and chief executive Matt Lofgran has been using social media to get the message across

Why not start with the black stuff and small cap Nostra Terra Oil and Gas Company plc (LON:NTOG) shares gushed over 24% higher making it one of London's biggest gainers today.

It came as the firm received an extra US$600,000 in cash from the sale of its interest in the Chisholm Trail Prospect.

The firm says it's turning itself around and chief executive Matt Lofgran has been using social media to get the message across, putting out pictures of activities at recent aquisition in Texas - Pine Mills.

He said in an RNS: "Having just acquired our 80% working interest in the Pine Mills oil field, this is most welcome news for Nostra Terra.

"We're pleased to receive the additional non-dilutive funds. The additional capital further strengthens our balance sheet, at a pivotal point in Nostra Terra's turnaround.

"Workovers are already taking place this month, both at Pine Mills and our other recent acquisition in the Permian Basin," he added.

Great start! Happy to see our rig doing a workover so quickly after the acquisition. #NTOG #PineMills #progress pic.twitter.com/Oa2K3O2uyk

— Matt Lofgran (@mlofgran) December 7, 2016

Also in the news is potentially some solace for hard working Sports Direct PLC (LON:SPD) employees.

They will have the chance to hire the retailer’s new corporate plane to jet away from the stress of working.

Tucked away in a few paragraphs at the bottom of the FTSE 250-listed firm’s dismal interims today, Sports Direct revealed it will be taking delivery of a corporate plane in the coming weeks.

Treatment of workers and the conditions of employment have been much in the public eye in recent weeks to say the least.

George Salmon, an equity analyst at Hargreaves Lansdown, noted: “The tone of Sports Direct’s first half results is conciliatory to its staff, describing them as its number one priority."

Brexit crept into the corporate arena again today, with outsourcer Capita PLC (LON:CPI) saying it now expects underlying pre-tax profit before tax to be at least £515mln, well below a forecast made in September of between £535mln and £555mln.

Such firms have struggled since June’s Brexit vote as clients have delayed making decisions on investment and contracts due to the uncertainty.

Capita shares shed almost 10% to stand at 511p.

Bookies are taking a hit to share prices today on speculation that Whitehall may crackdown on what's called fixed odd betting terminals. These are the machines sited in the shops themselves.

A group of MPs has suggested that such machines should have their maximum stake cut from £100 per spin to as low as £2.

William Hill (LON:WMH) shares dropped 7.58%. Ladbrokes Coral (LON:LCL) lost 7.16% to stand at 118p.

Cut betting terminal stake to £2, MPs demand. #FOBT https://t.co/2DG6V38RMA

— MMOB (@MMOBOfficial) December 8, 2016

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