Wednesday, 10 March 2010

Morning news wrap: Standard Life, Tullow Oil, Interserve, Guld Keystone Petroleum

In the FTSE 100, insurer Standard Life (LSE: SL) said its full year profits declined just 2% to £919 million.
Oil and gas producer Tullow Oil (LSE: TLW) also released its full year results today, saying that revenues were down 16% to £582 million, while pre-tax profits plummeted 93% to £20 million.
In the FTSE 250, building group Interserve (LSE: IRV) has secured contracts in the UK and through its Middle East associates worth over £200 million.
In AIM, healthcare workforce optimisation solutions provider Allocate Software (AIM: ALL) said it has secured eight new NHS contracts for MAPS Healthroster in Q3, taking the total NHS e-Rostering customer base to 105 trusts, 69 acute trusts, 21 mental health trusts and 15 primary care trusts.
Gemfields (AIM: GEM) said revenue from emerald sales amounted to US$12 million in the first half of the current financial year, compared to US$344,063 in H1 2008.
Europe focused oil and gas developer Ascent Resources (AIM: AST) has tested and completed the PEN-101 well, in the Penészlek area of the Nyírség exploration permits in eastern Hungary.  Once the rig has departed the site, the PEN-105 well will commence production to sales.
Iraq and Algeria operating Gulf Keystone Petroleum (AIM: GKP) said it has renegotiated with the Kurdistan Regional Government to reorganise the Company's interest in Gulf Keystone Petroleum International following a material default by ETAMIC.

http://www.proactiveinvestors.co.uk/companies/news/14231/morning-news-wrap-standard-life-tullow-oil-interserve-guld-keystone-petroleum-14231.html

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