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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ambrian | LSE:AMBR | London | Ordinary Share | GB0003763140 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.50 | 1.25 | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1030P Ambrian Capital PLC 08 January 2007 8 January 2007 Ambrian Capital plc Ambrian Commodities Commences Trading Carbon Credits and Sugar Ambrian Capital plc announces that its commodities trading subsidiary, Ambrian Commodities Limited ("Ambrian Commodities" or "the Company"), has commenced trading carbon credits and sugar, following its success in the base and precious metals markets. Ambrian Commodities has gone from strength to strength since its launch in March 2006. Ambrian Commodities has hired two senior traders to head up the carbon credits and sugar teams, both of whom have a high level of experience in their respective fields. Stephen Welham, who has over 20 years' experience in energy and commodities trading, joins the Company from Tullett Prebon where he was a Senior Emissions/CO2 allowances Broker. Stephen had the responsibility at Tullett Prebon for launching a new CO2 allowances OTC desk from scratch for emissions trading under the EU Emissions Trading Scheme, and managed all aspects of the set up and the establishment of a global customer base. At Ambrian Commodities, he aims to build on his success and experience by trading in both the CO2 allowances and the Certified Emissions Reductions (CER) markets. Jonathan Boyden, who will head up Ambrian's sugar trading team, joins the Company from Tate & Lyle, where he was a senior trader. Jonathan's remit for Tate & Lyle included trading sugar futures, options and OTC derivatives on the New York and London Exchanges, proprietary trading, hedging exchange rate exposure and managing futures and physical positions. The move into carbon credits and sugar trading is a natural progression for Ambrian Commodities and demonstrative of the Ambrian group's firm commitment to the resources sector. Ambrian Partners Limited, the corporate finance and stockbroking subsidiary of Ambrian Capital plc, is already active in the renewable energy and soft commodity sectors and has specialist research teams for both areas. The importance of sugar, as a raw material for ethanol, is increasingly driven by legislative requirements in both the EU and several US states. In addition, the rise in demand for soft commodities from the rapidly developing economies in Asia will help drive demand for sugar for several years to come. Malcolm Freeman, Managing Director of Ambrian Commodities, commented, "We are very pleased to be making this move into carbon credits and sugar trading, both of which are exciting and developing markets. We will continue to expand our offer based on demand, and we are predicting strong interest in these new products from existing and new clients. "It is imperative that we attract the right people before expanding into new areas and I am therefore delighted to welcome on board Stephen Welham and Jonathan Boyden, both are very experienced in their respective emissions and sugar trading markets." Tom Gaffney, Chief Executive of Ambrian Capital plc said, "Ambrian Commodities proved its business model at a very early stage and continues to drive growth and revenues for the Ambrian group as a whole. We believe that the renewable energy and soft commodities markets will attract increasing investor interest this year and we aim to capitalise upon this." About Ambrian Capital plc Ambrian Capital plc, formerly Golden Prospect plc, is an independent investment bank quoted on the Alternative Investment Market of the London Stock Exchange (Ticker: AMBR) which has three wholly-owned subsidiaries: Ambrian Partners Limited, a corporate finance advisor and stockbroker; Ambrian Commodities Limited, an Associate Member of The London Metal Exchange and a broker-dealer of LME traded metals and precious metals; and, Ambrian Asset Management Limited, a specialist investment management business. Further information about the Group is available on Ambrian Capital's website: www.ambrian.com Enquiries: Tom Gaffney Tel: +44 (0) 20 7776 6400 Chief Executive, Ambrian Capital plc Malcolm Freeman Tel: +44 (0) 20 7776 6481 Managing Director, Ambrian Commodities Cathy Malins / Annabel Leather Tel: +44 (0) 20 7493 3713 Parkgreen Communications This information is provided by RNS The company news service from the London Stock Exchange END MSCBDGDBRDGGGRR
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