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Small caps news round-up
Noida Toll Bridge began contesting a sizeable, unexpected tax bill on Monday, after receiving its 2014 tax year assessment almost a fortnight prior. The AIM-traded company had received a Tax Assessment Order from the Indian Tax Department for the year ended 31 March 2014 on 1 April this year.
FTSE 100 movers: Miners rally but housebuilders slump
London’s FTSE 100 was flat at 6,202. 58 in afternoon trading, with gains in the mining sector offset by weakness in housebuilders.
Genel receives March payments for Taq Taq field
Genel Energy said on Monday that partners of the Taq Taq field have received a gross payment of $19. 88m (£14m) from the Kurdistan Regional Government (KRG) for oil sales in March, with its share coming to $10. 93m.
Noida Toll Bridge contests 'erroneous' tax bill
Noida Toll Bridge began contesting a sizeable, unexpected tax bill on Monday, after receiving its 2014 tax year assessment almost a fortnight prior.
Graeme Jenkins no longer joining Pets at Home as CFO
Graeme Jenkins will no longer be joining Pets at Home as chief financial officer.
Cybersecurity firm Osirium Technologies confirms AIM fundraising ahead of IPO
Cyber-security specialist Osirium Technologies has agreed a £6m fundraising ahead of a flotation on AIM on Friday.
Orsu to sell Kazakh projects, cancel AIM trading
Orsu Metals Corporation announced two planned disposals on Monday, along with the cancellation of its shares from trading on AIM in a bid to save costs.
US open: Stocks rally as earnings season begins
US stocks rallied on Monday as investors looked ahead to the start of the earnings season.
European Metals Holdings lifted by lithium excitement
Shares in mining minnow European Metals Holdings shot up 43% to their highest point since their London flotation as interest in the lithium sector intensified due in part to excitement around the launch of new electric cars and subsequent demand for lithium-ion batteries.
Helios Underwriting appoints Arthur Manners as FD
Helios Underwriting (HUW) has appointed Arthur Manners as finance director with immediate effect.
French Treasury planning sale of 20 ad 50-year debt
News that French authorities were planning to sell 20 and 50-year debt via a syndicate of banks weighed on the prices of its sovereign bonds on Tuesday.
Onzima disposes of short MX Oil investment
Onzima Ventures disposed of its 20 million ordinary shares in MX Oil on Monday, making a net gain of £10,176 or 6. 8% in the process since investing in March.
Tata agrees to sell UK Long Products ops to Greybull
Tata Steel said it had agreed to sell its Long Products Europe operations in the Uk and France to Greybull Capital for a "nominal consideration".
Cranswick gobbles up Crown Chicken
Food producer Cranswick announced the acquisition of CCL Holdings, and its 100% owned subsidiary Crown Chicken Limited from the Thacker family and management on Monday.
Juridica wins settlement on two investee cases
Juridica Investments told investors to look forward to a bit more cash on Monday, announcing the settlement of two of its investee cases.
Fade February/March bounce in stocks, JP Morgan says
Investors would be best advised to 'fade' the February/March bounce in equities, despite the weaker headwinds US corporates were now facing in the run-up to the quarterly results seasons and low earnings estimates from analysts, JP Morgan said.
Tuesday preview: UK inflation to improve in March, analysts expect
UK inflation on Tuesday is expected to show a slight improvement in March but is forecast to remain well below the Bank of England’s 2% target.
Gateley makes UK legal history with first acquisition since listing
Gateley Holdings has made its first acquisition since becoming the first UK law firm ever to list on the stock market, last June.
Legendary receives positive results from Kyrgyzstan investment
Legendary Investments reported promising results from one of its recent acquisitions on Monday, with preliminary results arriving from Manas Resources on its 2015 sampling programme at the Sultan Sary Project in Kyrgyzstan.
Darren Cornwall to leave Entu board
Home energy solutions provider Entu has announced that its corporate development director Darren Cornwall will step down from its board in order to work “on a more flexible basis. ”.