Enteq looks to growth in pipeline

By PERRY GOURLEY
Published on 10/02/2013 00:00

SALES at one of Enteq ­Upstream’s oil and gas businesses were held back last year due to capital spending among US customers coming under pressure.

Although the squeeze means the contribution from its XXT measuring equipment business was lower than originally envisaged, the company’s latest update said a good pipeline of “sizeable opportunities” exists and will deliver a strong recovery in sales when budgets eased.

Last week, several directors went into the market to up their stakes. They together bought 400,000 shares at prices between 50p and 65p.

• Two directors at steel and mining group Evraz, have sold shares.

Alexander Abramov, a director of steel and mining group Evraz, sold 105,470 shares at 301.85p. Alexander Frolov sold 52,656 shares at a similar price.

Between them the two directors still own more than 33 per cent of the shares in the company.

• Martin Flower, the chairman of specialist textiles firm Low & Bonar, has bought 50,000 shares, at 63.36p each.

Last week the company, which began life 100 years ago as a Dundee jute ­weaver, reported a sharp drop in full-year profits after being hit by a slowdown in demand for artificial grass.

• Paul Atherly, managing director of gas exploration company Leyshon Resources, has purchased 1.8 million shares.

He paid 14.91p each for the shares.