Business news in brief: Premier Oil | Wow Stuff | Maven | Jessops | Babcock

By The Newsroom
Published 7th Jun 2012, 01:00 BST
SHARES in Premier Oil jumped more than 7 per cent yesterday after it said it had made an “encouraging” discovery at the Carnaby well, which is part of the giant Catcher oil field in the North Sea.

The group, which has a 50 per cent stake in the well, saw its shares close up 24.2p at 353.2p after the news. Edinburgh-based Cairn Energy, which has a 15 per cent stake in the well, closed 13.8p higher at 289.7p, an increase of 5 per cent.

Flying fish firm bites counterfeits

A TOY company founded by a pair of Scots entrepreneurs has launched legal action against 16 firms over counterfeiting claims.

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