Company News
Rockhopper progressing funding for Sea Lion
Oil and gas business Rockhopper Exploration said on Thursday that its primary focus for the remainder of the financial year was to further progress funding proposals aimed at sanctioning its Sea Lion field project in the Falklands by the end of 2018.
Falling production swings EnQuest to a loss as hopes rest on Kraken
EnQuest dived into a pre-tax loss for the first half of the year as oil hedging reduced average sold oil prices and production slowed as it focused resources on its complicated North Sea project, Kraken, that has weighed the oil producer down with debt.
Friday preview: UK health check via industrial, manufacturing and trade data
Investors may be feeding off scraps on Friday amid a dearth of company news in the diary, though there's important UK trade and industrial data mid-morning.
Atalaya Mining buoyed by copper price gains in first half
Atalaya Mining moved into the black in the first half of 2017 as the company ramped-up output and on the back of higher copper prices.
Indian demonetisation hurts Koovs as losses widen
India focused fashion retailer Koovs reported an 87% increase in sales order value from its website, thanks in no small part to the 79% increase in traffic to KOOVS. COM through the year, but India's removal of high denomination banknotes from circulation dragged down margins.
Brady reports dip in income as it moves to recurring revenue streams
Trading and risk management software company Brady reported a year-on-year decrease in revenues over the six months leading to 30 June but reiterated its guidance for the full-year all the same.
Versarien division secures largest ever single aerospace order
Advanced materials engineering group Versarien announced on Thursday that its subsidiary, Total Carbide, had secured its “largest ever” single order in the aerospace sector for parts to be used by the UK's biggest aero engine manufacturer.
Havelock Europa issues profit warning amid tough trading
Commercial interiors company Havelock Europa issued a profit warning on Thursday, having already indicated the existence of reduced activity.
Standard Life Aberdeen 'yet to rerate as an asset manager', says JPM Cazenove
Since sealing its merger, Standard Life Aberdeen is a more diverse business offering growth potential and even the potential to "unlock hidden value", JP Morgan Cazenove said as it initiated coverage on the stock with an 'overweight' rating.
Anil Daulani appointed CyanConnode MD for India
Narrowband radio mesh networks specialist CyanConnode announced the appointment of Anil Daulani as managing director for India on Thursday, with responsibility for managing the India operation including sales, customer delivery, technical pre-sales and support.
AstraZeneca reports twin trial news, but Celgene Imfinzi delay
AstraZeneca has put out a pair of positive respiratory updates, one from Phase III trials of combined treatment Duaklir that is being developed with Circassia Pharmaceuticals, and the other being Phase IIb trials of tezepelumab.
Frontier IP's CSI launches 'perfect cooking' oven sensor
Intellectual property commercialisation company Frontier IP noted on Thursday that its portfolio company, Cambridge Sensor Innovation, had announced the launch of its new sensor system at the IFA Berlin trade show.
MTI Wireless Edge division enters agreement with Bermad
Flat panel broadband antenna and wireless irrigation solutions provider MTI Wireless Edge announced on Thursday that its wholly owned subsidiary, Mottech Water Solutions, has entered into a product representation and distribution agreement with Bermad Italy for the distribution of its solutions in Italy and Morocco.
Sprue launches UK's first battery-powered natural gas detector
Home safety products developer and supplier Sprue Aegis announced the launch of the UK's first battery-powered natural gas detector on Thursday, which it said was a “major new product innovation” for the company, under its FireAngel brand.
John Payne appointed managing director of Nautilus Marine
Offshore inspection and repair group Nautilus Marine Services announced the appointment of John Payne as managing director on Thursday, adding that the position did not include a board position.
Cpl Resources proposes extra cash return
Irish employment services group Cpl Resources announced annual results that displayed moderate growth in revenue and profit before tax but decided to return a large proportion of surplus capital to investors on top of its final dividend.
Tanzania's Bulldozer turns attention to Petra's diamond mine
After his bulldozing reforms to the gold mining sector, Tanzania's President John Magufuli has turned his attention to local diamond miners, calling for a review of Petra Diamonds' local mining contract.
Personal injury claims backtracking boosts Admiral, Direct Line
Insurance company shares were boosted as the government backtracked on rules governing the way personal injury claims are calculated.
Armadale Capital reports 'exceptional' graphite concentrate of up to 99.1%
AIM-listed investment firm Armadale Capital announced on Thursday that test work on a 300kg bulk sample of graphite mineralisation taken from its Mahenge Liandu project in Tanzania had shown graphite concentrates with 99. 1% level of purity.
Midwich acquires Dutch audio-visual firm
UK based audio visual firm Midwich Group announced it had acquired a majority stake in Gedroeders van Domburg, a specialist audio visual and lighting solutions group out of the Netherlands.