Company News
Zenith Energy reports oil flow from previously non-productive well
Zenith Energy said on Thursday that it had completed successful perforation of a new, unexploited production zone in its C-26 well in the Jafarli field of Azerbaijan.
BP Marsh eyes US fintech investment opportunities
Specialist venture capitalist BP Marsh & Partners announced continued strength in its investments, both domestically and abroad, in the six months leading to 31 July.
Receivers called in to Topshop New Zealand
The future of one of the UK’s most iconic high street fashion brands in one of its markets was hanging by a thread on Thursday morning, with confirmation that the operator of Topshop and Topman in the island nation had gone into receivership.
Ascent Resources issues update on Croatian programme
Ascent Resources said it had re-completed and connected its Pg-11A well to its processing facility in Croatia via a new flow line from the Petišovci field project in Slovenia.
Chaarat Gold extends drilling programme in Kyrgyz Republic
Chaarat Gold Holdings said on Thursday that its drilling programme in the Tulkubash Zone of its Chaarat Gold Project in the Kyrgyz Republic had provided evidence of mineralisation open to the northeast with indications of continuity for at least three kilometres.
Biffa expresses confidence over full-year outlook
Integrated waste management company Biffa said on Thursday that it was looking at further acquisition opportunities as it expressed confidence in its outlook for the full year.
Ashmore results disappoint despite earnings beat, optimistic outlook
Asset manager Ashmore Group reported stronger than expected full-year earnings and insisted the recovery in emerging markets was sustainable, with "substantial value" remaining in absolute terms and relative to developed world assets.
Cogenpower welcomes new Italian competition legislation
Low-carbon technology energy business Cogenpower announced on Thursday that the Italian legislature has enacted a new law which prohibits state monopolies from retroactively revising decisions they have previously made, if such revisions would be detrimental to the affected party.
Bovis profits slump in H1 but investors welcome special divi, better margin
Housebuilder Bovis Homes reported a 31% drop in first-half pre-tax profit on Thursday but the shares rallied as investors welcomed a hike to the dividend, a special dividend and healthy margins as they put their faith in new chief executive Greg Fitzgerald.
Frontier profits roar ahead 550% even before Jurassic World launch
Video game developer Frontier Developments reported a big ramp up to record profits in its trading year as the firm completed its transition into a director-to-consumer publisher.
Capita shares drop as it restates 2016 accounts
Capita shares were under pressure on Thursday after the outsourcer restated its accounts to adapt to new accounting standards.
HICL Infrastructure completes purchase of High Speed 1 stake
HICL Infrastructure Company announced on Thursday that it has completed the acquisition of an equity interest in the entities that comprise High Speed 1, in a transaction it had first announced on 14 July.
Genus pleased with 'strong' porcine performance
Animal genetics company Genus reported its preliminary results for the year to 30 June on Thursday, with revenue of £459. 1m - an increase of 18%, or 6% in constant currency.
International PPL posts solid NAV growth, profits slide
International Public Partnerships posted its half-year results for the six months to 30 June on Thursday, claiming healthy net asset value growth of 21. 8% to £2bn, and net asset value per share growth of 1. 8% to 144. 7p.
Tritax Big Box buys Royal Mail Midlands distribution centre
Tritax Big Box announced on Thursday that it has acquired a regional distribution centre at Riversdale Road in Atherstone, currently let to Royal Mail.
ZPG to buy Money.co.uk for up to £140m
Zoopla owner ZPG has agreed to buy financial services comparison website Money. co. uk in deal worth up to £140m.
Sanne Group posts healthy rise in first-half numbers
Sanne Group posted a healthy improvement in revenue and earnings in its first half on Thursday, with revenue rising 104% to £56. 3m and underlying operating profit up 109% to £21. 5m.
Euromoney engages advisers with look to sell Global Markets Intelligence
Euromoney Institutional Investor has hired investment banks to look at a potential sale of its Hong Kong-based Global Markets Intelligence division after receiving "unsolicited interest" in recent weeks.
Rio Tinto announces increased coal reserves at Kestrel
Rio Tinto announced increased coal reserve estimates to the Australian Securities Exchange overnight on Thursday, relating to Rio Tinto Coal Australia’s Kestrel underground longwall mine in Queensland, as compared to the previous estimate in the 2016 annual report.
Imperial Brands raises £231m in Logista sell-down
Imperial Brands announced on Thursday that it has now agreed to sell 13. 275 million ordinary shares of 20 euro cents each in Compañía De Distribución Integral Logista Holdings on the Madrid Stock Exchange, raising gross proceeds of £230. 8m through the placing.