Company News
City of London Corporation backs new rules to lure Saudi Aramco mega float to London
The City of London Corporation has "no problem" with the new listing rules put forward by the Financial Conduct authority in an effort to lure the Saudi Aramco mega-float to London, despite opposition from other major bodies.
Phoenix making good progress at Empire Copper Mine
US-focussed copper explorer and developer Phoenix Global Mining updated the market on its activities at the Empire Copper Mine in Idaho on Tuesday, confirming the 28 drill hole drilling programme was now complete at the AP Pit oxide resource.
Premier Technical Services gobbles up UK Sprinklers
Niche specialist services provider Premier Technical Services Group announced on Tuesday that it has extended its fire safety solutions business to encompass the installation and maintenance of sprinkler systems through the acquisition of UK Sprinklers.
Iofina confirms plans to replace IO3 plant
Iodine and halogen-based speciality chemical derivatives explorer and producer Iofina updated the market on the replacement of its IO#3 plant at a “superior” production site on Tuesday.
TP Group reports interim loss despite nearly doubling revenue
Specialist services and engineering firm TP Group announced on Tuesday that despite increasing revenue 45% in the six months leading to 30 June it had been unable to translate the improved sales performance into profits.
Touchstone pours another £8m into Ieso Digital Health
Touchstone Innovations announced on Tuesday that it has co-led an £18m funding round in Ieso Digital Health, which it described as the UK's “leading provider” of online cognitive behavioural therapy for the treatment of people suffering from community-based mental health care conditions, predominantly depression and anxiety.
Wednesday preview: UK earnings update eyed, Galliford and Dunelm report
Wednesday's average earnings figures will be scrutinised closely as it comes a day after data showing rising inflation and a day before the Bank of England's interest rate decision.
InnovaDerma exceeds expectations with soaring profits
UK life sciences developer InnovaDerma announced on Tuesday that it had seen both revenue and profit double in its year ending 30 June.
Oxford Instruments trading in line but revenue, profit down at constant currency
Oxford Instruments said on Tuesday that trading in the first five months of the year has been in line, supported by favourable currency movements.
Van Elle reports 'encouraging' first quarter trading
Geotechnical engineering contractor Van Elle updated the market on its trading ahead of its annual general meeting on Tuesday, confirming that trading in the first quarter was “encouraging”.
Columbus making progress at Goudron Field
Onshore Trinidad-focussed oil and gas producer and explorer Columbus confirmed on Tuesday that the Certificate of Environmental Clearance for the Water Injection Pilot "A" Programme in the Goudron Field had been issued by the Environmental Management Authority of Trinidad.
SuperGroup founders set up incentive scheme to share the wealth
The founders of SuperGroup have launched a long-term incentive scheme to share their wealth with all 4,500 of their employees.
Government set to refer Fox's Sky takeover to CMA over broadcasting standards
Culture Secretary Karen Bradley has told Parliament she is minded to refer 21st Century Fox's proposed takeover of Sky to the competition regulator on grounds of both broadcasting standards and media plurality.
88 Energy's Icewine project 'flowing naturally'
Australia-based exploration firm 88 Energy announced an update on Tuesday regarding its onshore programme Project Icewine in Alaska, saying the operation was back flowing naturally at a rate of approximately 55 barrels of frac fluid per day.
Strat Aero dives after pulling out of USA
Aerospace company Strat Aero posted half year results on Tuesday showing revenue grew by more than a third to help slash operating losses, but announced it was pulling out of North America.
Acquisitions boost growth at Flowtech Fluidpower
Flowtech Fluidpower reported 'good' organic and acquisitive growth across its divisions in its half-year report on Tuesday, with revenue rising 24. 8% year-on-year to £34. 17m.
Sound Energy completes takeover of OGIF Eastern Morocco interests
Africa and Europe-focussed upstream gas company Sound Energy announced the completion of its previously-announced acquisition of the interests of Oil & Gas Investment Fund in Eastern Morocco, after receiving final approvals in relation to the Anoual and Tendrara licence areas.
Shire gets US FDA fast track designation for lung disease drug
Shire has received fast track designation from the US Food and Drug Administration for a drug for the prevention of chronic lung disease in extremely premature infants.
Faroe's Norwegian investment disappoints
Scottish oil and gas company Faroe Petroleum told investors on Tuesday that its Goanna exploration well in the Norwegian North Sea had been unsuccessful.
Harvey Nash buying Crimson in deal worth up to £15m
Technology recruitment and outsourcing group Harvey Nash announced the acquisition of Crimson on Tuesday in a deal worth up to £15m.