James River Capitalises on Higher Gas Prices & Sir Stuart Rose

James River Capitalises on Higher Gas Prices & Sir Stuart Rose Takes
Over as Chairman of Ocado - Finspreads 
LONDON -- (Marketwire) -- 01/22/13 --  Finspreads: Shares in James
River Coal shot up at the end of trading on the Nasdaq yesterday
(January 21st), as rising gas prices continue to improve the
prospects for cheaper heating alternatives this winter. The sharp
rise indicates a reversal in the fortunes of the coal company, whose
shares have struggled along with others in the sector in recent
And with the cost of natural gas becoming increasingly higher, some
analysts believe that thermal coal production companies like James
River could see their shares increase and remain steady over the
course of next month. Despite James River's rally on the market
yesterday, its stock has still lost more than half of its value since
trading above $7 last February. Other companies to make gains were
Life Technologies (10.59 per cent) and Research in Motion Ltd (6.24
per cent). 
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Former Marks and Spencer chairman Sir Stuart Rose has been appointed
as chairman of online grocer Ocado. Sir Stuart left M&S in the early
part of 2011, and will join as a non-executive director in March,
taking up the position of chairman in May this year. He will succeed
Lord Michael Grade, who has been on the board at Ocado since 2006 and
has now made the decision to retire. 
Discussing his six years at the company, the former BBC chairman told
BBC News: "It has been a privilege to be a part of their story." Sir
Stuart's appointment comes amidst Ocado's plans to expand. In a
statement the company said: "We are looking forward to benefiting
from his extensive retail experience and counsel." The company has
also received a boost during trading today (January 22nd), with
shares increasing on the FTSE 100. At 14:16GMT Ocado's shares stood
at 99.95p, an increase of 5.16 per cent. 
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Joshua Raymond
City Index
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