Latest News
Chariot Oil & Gas completes farm-out agreement with Eni
Atlantic margins-focused oil and gas exploration company Chariot Oil & Gas reported on Monday that the farm-out signed between its wholly owned subsidiary, Chariot Oil & Gas Investments Morocco, and a wholly owned subsidiary of Eni, has now been approved for the Rabat Deep Offshore permits I-VI by the Moroccan authorities.
DekelOil buys remaining 14% stake in West African palm oil project
Agriculture producer DekelOil Public now owns 100% of a palm oil project in the Côte d'Ivoire after it bought the remaining 14. 25% stake in its joint venture with Singapore-based Biopalm Energy.
Kodal Minerals raises £1m in placing
West Africa-focused mineral exploration and development company Kodal Minerals announced on Monday that it has raised £1m, before expenses, through a placing of 666,666,667 new ordinary shares of 0. 03125p each, at a price of 0. 15p per share, with a range of new and existing investors.
Gama Aviation reports FY revenue growth, wins two new contracts
Gama Aviation reported 10% revenue growth for the year ended 31 December as it announced the award of two long-term special mission contracts.
Monday newspaper round-up: Consumer spending, factory outlook, drug deals
Shoppers and business owners have signalled confidence in spending more, suggesting the credit-fuelled growth seen in late 2016 is showing few signs of flagging. Consumer spending on credit and debt cards rose 2. 6pc during last year, with higher spending both online and in bricks-and-mortar retailers, according to figures from Visa. - Telegraph.
EKF Diagnostics flags budget-beating year
Point-of-care business EKF Diagnostics Holdings announced on Monday that trading in the final quarter of the year ended 31 December was “materially better than budget”, and that the overall performance for the year will exceed revised market forecasts, which themselves were recently upgraded following the trading update provided on 7 November.
Eurozone unemployment rate remains stable, Eurostat confirms
Unemployment across the euro area remained unchanged at its seven-year low of 9. 8% in November, as expected, according to data released on Monday.
Ford CEO intent on reshaping business model based on new technology
Mark Fields, chief executive officer of Ford Motor Company, said the company his ready to redesign its business model in order to maximise the potential of new driving technology.
Europe midday: Stocks slip despite positive job figures
European stocks dipped despite positive eurozone employment figures.
Mattioli Woods pleased with acquisition progress
Specialist wealth management and employee benefits business Mattioli Woods issued a trading update on Monday, in advance of its interim results for the six months to 30 November, which are to be announced on 7 February.
Park obtains license for Mastercard products
Park Group, a British multi-retailer, announced that it is now a licensed issuer of Mastercard products.
Pound falls to two-month low on Theresa May's hard Brexit comments
Sterling has been knocked to a two month low after traders interpreted comments from Theresa May as confirming the government is continuing to direct the country towards a 'hard Brexit' from the European Union.
US pre-open: Stocks seen muted but Dow creeping towards 20,000
US futures pointed to a muted open on Wall Street, with the Dow edging closer to the key 20,000 mark following a strong close last week.
London midday: Stocks slightly higher as Brexit worries send sterling lower
London stocks were slightly higher on Monday as worries about Brexit weakened the pound.
Animalcare Group expects revenue, profit to exceed expectations
Veterinary medicine supplier Animalcare Group expects trading for the full year to be ahead of market forecasts as interim revenue and profit exceeded expectations after it accelerated investment in new products despite Brexit uncertainty.
Oracle Coalfields's project upgraded by China, Pakistan
The Pakistani government has told Oracle Coalfields, a developer of lignite mineral resource, that its position in the China-Pakistan Economic Corridor has been elevated to the ‘priority list’, which should position the company’s power plant project on a fast-track for approval of debt funding by the Chinese government.
Consumer spending rises to two year high, says Visa
In the run up to Christmas, the UK splurged out on the biggest quarter of spending since 2014, according to new data from Visa revealed on Monday.
Asia report: Most markets higher on Japan's day off
Markets in Asia finished mostly higher on Monday, with Australia’s benchmark surging almost 1% with broad gains across most sectors.
Boris Johnson meets with Trump transition team in New York
Foreign secretary Boris Johnson has made an unexpected trip to New York to meet with members of US president-elect Donald Trump's transition team, according to the Foreign Office.
Government sells down Lloyds Bank stake below 6pc
The UK government announced on Monday that its stake in Lloyds Banking Group fell below 6% after it sold 700m shares late on Friday.