Latest News
Aquatic Foods Q1 profit drops 8.4% as input costs rise
AIM-listed Chinese marine foods and seafood processor and producer Aquatic Foods Group reported an 8. 4% decline in gross profit for the first quarter as a result of rising input costs, while revenue was broadly flat.
Rio Tinto to cut debt with $2.5bn bond buyback
Miner Rio Tinto has announced a new bond buyback of up to $2. 5bn to further reduce gross debt.
Active Energy enters agreement with Province of Newfoundland and Labrador
International renewable energy, forestry management and timber processing business Active Energy announced on Monday that it entered into an agreement in principle with the Province of Newfoundland and Labrador in Canada that, if finalised, would provide the company and its affiliate, Timberlands International, with a Crown timber licence and forest management agreement relating to two Forest Management Districts covering 1. 2 million hectares.
Thor Mining says tungsten resource at Pilot Mountain up 55%
Shares in AIM-listed Thor Mining have raced up almost 13% after it announced a 55% increase in the tungsten resource at Pilot Mountain, Nevada.
Two biotech companies take rights to Avacta reagents
Affimer biotherapeutics and research reagent developer Avacta Group announced that two unnamed leading US biotech companies had separately taken exclusive rights to Affimer reagents for research and development use, to support their respective drug development programmes.
BTG trial shows safety and efficacy of pulmonary embolism device
Healthcare company BTG said on Monday that its EKOS combination therapy device for pulmonary embolism is effective over a much shorter period and at safer thrombolytic doses far below the current standard, which will allow for scheduling flexibility and efficiencies in clinician time and drug costs.
CS moves William Hill, Paddy Power to 'neutral' over regulatory risks
Paddy Power Betfair was upgraded and William Hill downgraded as Credit Suisse revised its view of the UK bookmakers due to the regulatory environment.
Highland Gold granted licences for two greenfield mines
Highland Gold Mining announced on Monday that it had received exploration licences for two greenfield sites adjacent to the existing licence areas for the Mnogovershinnoye mine.
Providence Resources notes conditional extensions for FEL 3/04
Providence Resources said the government has conditionally consented to a series of extensions on Frontier Exploration Licence 3/04 off the southwest coast of Ireland.
Huntsman and Clariant agree $20bn merger
Swiss and US chemicals groups Clariant and Huntsman Corp have agreed to a merger of equals that would create a company worth around $20bn.
Innovaderma unveils haircare product range, enters UK skincare market
Shares in Innovaderma are up more than 6% after it announced the upcoming launch of a new haircare product range and its entry into the UK skincare market.
Results round-up
International ICT company Datatec's shares were flat mid morning as it posted falls in its full-year revenue and pre-tax profit.
Hardide strikes supply deal with Graco
Advanced surface coating technology provider Hardide announced on Monday that group company Hardide Coatings signed a new seven-year supply agreement with Graco of Minneapolis for the coating of various pump components.
Broker tips: Bunzl, Cairn Energy, Intertek
Jefferies downgraded its recommendation and target price on Bunzl due to concerns about momentum in the company's core margins and declining returns.
Jefferies downgrades Bunzl, says core legacy margins under pressure
Jefferies downgraded its recommendation and target price on Bunzl due to concerns about momentum in the company's core margins and declining returns.
Civitas completes portfolio buy in North East England
Civitas Social Housing has completed the purchase of a portfolio of regulated social housing in North East England for a total of £6. 0m, its fourth acquisition announcement this month.
Aegon to sell run-off businesses to Wilton Re
Aegon has agreed to sell its two largest US run-off businesses, the payout annuity business and the bank-owned/corporate- owned life insurance business to Wilton Re.
US pre-open: Stocks steady as investors eye Fedspeak
US futures pointed to a steady start on Wall Street on Monday as investors eyed a series of speeches from Federal Reserve officials, with little in the way of corporate news to sink their teeth into.
Restore starts year 'well' as PHS delivers to expectations
As investors in Restore gathered in London on Monday morning for the company’s annual general meeting, its chairman Sir William Wells was preparing to update them on the firm’s trading performance in the year to date.
Bryan Garnier downgrades Worldpay on recent share price run
Bryan Garnier downgraded payments processor Worldpay to ‘sell’ from ‘neutral’, maintaining the fair value at 278p, as it said the stock has run too far and it sees no short-term catalysts.