Fast Forward Innovations higher on marijuana buy
Main share price rises and falls at 3.15pm: FastForward, Rose Petroleum, Aggreko
Company
LON:ROSE
Rosebank Industries PLC is an investment vehicle set up by former senior managers of Melrose Industries with the intention of recreating its ‘buy, improve, sell’ business model. Rosebank's founders include two of the three original Melrose founders and four other leading members of its senior management team.
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Main share price rises and falls at 3.15pm: FastForward, Rose Petroleum, Aggreko
Magellan has 90-days to decide whether it will go ahead with the purchase and has put down a US$50,000 non-refundable deposit.
Chief executive Matthew Idiens said "with the change in political regime in the US, we feel the incoming administration will be very supportive of our industry."
Medical imaging specialist Feedback saw sharply reduced losses and better-than-expected cash generation in the year to the end of May.
“We are confident of a positive outcome on the negotiations in Mexico and will keep the market informed of our progress," said chief executive Matthew Idiens.
Highland shares got a boost after the company successfully proved the effectiveness of its DT Ultravert 'anti-bashing' technology
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Rose Petroleum offers upside in oil, gold and gypsum
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Rose ended the period of "sustained progress" with US$1.7mln of cash and equivalents and a rationalised portfolio of assets.
Investments and investor services
Main share price risers and fallers in London at 3.30pm
Gfinity partners up with Gillette, Symphony helps an airline become a world-first, while Epistem raises £6.5mln.
“We have fundamentally restructured our existing asset portfolio, and this, combined with the potential opportunity in Cuba gives a solid base," says CEO Matthew Idiens.
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A round up of all this week's mining news from Proactive.
While the FTSE 100 finished at 6,186, down 56 points, shares on London's junior market fared somewhat better.
Sabien Technology to return to profitability by 2018, Rose Petroleum mulls a move into processing and Forbidden Technologies goes into tennis.
Contrary to what the spreadbetters foresaw, Footsie was well down at lunch but small caps were rising higher.
The company said it has been review alternative opportunities for some time.
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A summary of small cap oil and gas company news released in the past week
UK shares finished higher on Wednesday as traders eye the Fed decision...
Avation delivers another 600 seater, Green Dragon posts first profits and less is a more at blur Group.
The upshot of Rose Petroleum's strategic review is that low oil prices and a rethink over the group’s finances have meant it will focus entirely on the Paradox shale assets.
London markets recovered from a lacklustre start and were pushing on
Wishbone Gold shareholders got lucky as the company revealed it is in debt funding talks
UK big caps and small caps made a lacklustre start on Wednesday....
The Paradox asset is counts for around 1.1bn of the 1.8bn un-risked recoverable prospective resources ascribed to Rose in Utah.
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On the week where Brent crude fell below US$40 a barrel, there was a few corporate smatterings and UK project Horse Hill was once again in the frame.
Investments and investor services
Below are the main news-driven share price movements at 4pm
Investments and investor services
The miners helped boost the FTSE100, which was around 25 points higher
Investments and investor services
Strategic Minerals, Motive Television and REM also reported today
Earl of Kilmorey is stepping down after six years, with Philip Jeffcock, a non-executive director, taking the role on an interim basis.
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“The board continues to assess opportunities to introduce productive assets to Rose's portfolio.”
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Energy firms dominated news flow today, and it was possible to detect growing signs of an appetite for sector consolidation
Investments and investor services
Banksy is set to put Weston-super-Mare on the map (metaphorically speaking), while somewhere a worried blogger is probably taking legal advice.
It's looking like a total capitulation by the bulls as fears grow for Asia-Pacific economic growth prospect
Index drops 47 points as Greece sets date for fresh elections
Below are the main new driven share price movements at 4pm.
Rose chief Matthew Idiens sees challenges - but he has also spied the chance to expand the Rose portfolio.
Rose expects to start drilling the first well later this year, permitting is currently underway for the programme
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