Company News
Griffin Mining nearly doubles resource estimate for Zone III at Caijiaying mine
Shares of Griffin Mining shot higher after outfit reported a near doubling in the estimated mineral resource at the Zone III part of its Caijiaying zinc mine in the People's Republic of China.
Thursday preview: Brexit and US-China trade talks in focus
Brexit will continue to be front-and-centre on investors' radar on Thursday, as negotiating teams for the Labour party and the government meet to try and thrash out an agreement on how to move forward and avoid a 'no deal' Brexit on 12 April.
Jersey Oil &Gas 'surprised' by failure to find Jurassic sands at Verbier, shares sink
Jersey Oil&Gas shares' crashed after notifying that an appraisal well had failed to find Upper Jurassic sands, leading it to lower its estimate for the prospectivity of the discovery, although it was still deemed "commercially viable".
Adept Technology hikes dividend after double-digit earnings growth
Telecoms and IT provider Adept Technology plans to increase its final dividend after seeing revenue and earnings move ahead in its recently wrapped up trading year.
RedT Energy outlines involvement in massive Oxford energy project
Energy storage solutions company RedT Energy updated the market on its role as part of a consortium of companies delivering an overall £41m grid-scale project in Oxford on Wednesday, which it said would include 5MWh, or 72 units, of vanadium redox flow machines as part of a grid-connected 50MW vanadium / lithium-ion hybrid energy storage system.
StatPro signs contract extension with major fund administrator
Cloud-based portfolio analytics provider StatPro Group has signed a contract extension with a major fund administrator for its ‘StatPro Revolution’ product worth $1. 2m over three years, it announced on Wednesday, as the fund administrator had secured a new client requiring StatPro's capabilities.
ProPhotonix upbeat on release of new UV curing lamp
LED and laser systems manufacturer ProPhotonix announced the release of the ‘COBRA Cure FX1 Max’ product on Wednesday, which it described as a compact, fan-cooled UV LED curing system, designed to deliver maximum power density and dose for applications where space was restricted.
Photo-Me warns on profits as Brexit uncertainty bites
Instant-service equipment group Photo-Me warned on Wednesday that full-year pre-tax would be below previous guidance as UK trading in the second half of the year was hit by Brexit uncertainty.
CyanConnode receives purchase order from new customer in India
Narrowband radio frequency mesh network specialist CyanConnode Holdings has received a purchase order from a new partner for an Indian state-owned utility, it announced on Wednesday, which is also a new end-customer.
Immotion losses widen as VR revenues and investment rise
Virtual reality entertainment group Immotion turned in a full-year loss on Wednesday as it poured cash into opening new arcades and developing new titles.
Watchdog launches latest stress test for Europe's clearing houses
The European Union’s markets watchdog is launching its latest stress test of clearing houses, with City firms such as LCH only included if the UK does not crash out of the bloc.
African Battery Metals to continue work in Cameroon following review
Battery metal exploration and development company African Battery Metals updated the market in its Cameroon cobalt-nickel project interests on Wednesday, confirming that an updated review had been undertaken across its four licenses at Ngoila Nord, Ngoila Est, Ekok and N'dja, and also in respect of its two licence applications at Ntam Est and N'Gaoundere;.
Applied Graphene Materials' loss widens as revenue falters
Applied Graphene Materials on Wednesday reported a widened interim loss after revenue remained negligible and increasing costs took their toll, though sales momentum is expected to build.
Flybe cancels flights because of pilot shortages as it opens redundancy talks
Flybe has blamed a “combination of factors” for cancelling dozens of flights on Tuesday, including pilots being on holiday, as it confirmed plans to scale back operations.
Sirius Real Estate completes disposal programme with sale of Bremen site
Germany-focussed business parks owner and operator Sirius Real Estate has completed the sale of its Bremen Dötlinger Strasse business park to a private investor, in announced on Wednesday, for €6. 3m.
Chariot Oil & Gas wins new licence in Morocco
Atlantic margins-focussed oil and gas company Chariot Oil & Gas announced on Wednesday that its wholly-owned subsidiary, Chariot Oil & Gas Holdings Morocco, has been awarded a 75% interest and operatorship of the Lixus Offshore Licence in Morocco, in partnership with the Office National des Hydrocarbures et des Mines (ONHYM), which holds a 25% carried interest.
Time Out signs deal to launch market in Dubai
Publisher and entertainment business Time Out Group has entered into a management agreement with Emaar Malls - the shopping centre and retail business majority-owned by Emaar Properties - to open a new Time Out Market in one of Dubai's most visited attractions.
M Winkworth's rental business boosts profits amid challenging conditions
M Winkworth's shares jumped on Wednesday after the company reported that a strong performance from its rental business resulted in profit and revenue growth, despite a 4% decline in overall sales transactions and a 6% drop in sales in London amid stretched affordability, uncertainty around Brexit and continued declines in property prices.
Gattaca swings to profit as UK engineering boosts revenue
Gattaca's shares jumped on Wednesday after the recruiter swung to an interim profit on the back of increased revenue and a reduction in administrative expenses.
Topps Tiles interim revenue slips but Q2 shows improvement
Topps Tiles posted a rise in first-half like-for-like sales on Wednesday but a dip in total revenue as it said trading improved over the second quarter.