Company News
Share Plc confirms preliminary approach from Interactive Investor
Share Plc, formerly The Share Centre, confirmed on Friday that it has received a preliminary approach from online investment platform Interactive Investor, which may or may not lead to an offer being made for the company.
Sports Direct's offer for Findel lapses
Mike Ashley’s Sports Direct said on Friday that its £139. 2m offer for home shopping company Findel has lapsed after it failed to get the required level of support from shareholders.
Redx Pharma extends cash runway into July
Drug discovery and development company Redx Pharma updated the market on its ongoing plans to strengthen its balance sheet on Friday, with its board reiterating its commitment to strengthening the balance sheet in order to extend the cash runway beyond the second quarter of 2019, as it initially announced in November.
Leaf Clean Energy inches closer to getting full damages in Invenergy lawsuit
Leaf Clean Energy updated the market on the Invenergy lawsuit on Friday, reporting that on 2 May, the Delaware Supreme Court issued its opinion in Leaf Invenergy Company versus Invenergy Wind, reversing the Court of Chancery's prior award of $1 in nominal damages to Leaf as a result of Invenergy Renewables’ breach of the parties' limited liability company agreement.
Oracle Power seeks further clarification on MoU discrepancies
Oracle Power, which is developing a combined lignite coal mine and mine mouth power plant in the Sindh Province of Pakistan, updated the market on the memorandum of understanding (MoU) signed by representatives of Beijing Jingneng Power Company, PowerChina International Group, and itself on Friday.
Altus Strategies gives Indiana Resources an extension to exclusivity period
Africa-focussed project and royalty generator Altus Strategies announced on Friday that it has granted ASX-listed Indiana Resources an extension to the exclusivity period, to now end on 14 June.
Strategic Minerals confirms first sale of copper cement from Leigh Creek
Battery materials-focussed mineral company Strategic Minerals announced on Friday that the Leigh Creek Copper Mine operation had made its first sale of copper cement produced at the Mountain of Light processing facility.
Rambler Metals upbeat after a record year for throughput
Copper and gold producer, explorer, and developer Rambler Metals and Mining announced on Friday that for the fiscal year ended 31 December, it achieved record throughput by processing 364,176 tonnes of ore from the Ming Mine through the Nugget Pond copper and gold milling facility.
Metals Exploration gets another month on its debt standstill agreement
Metals Exploration confirmed on Friday that its lenders, HSBC and BNP Paribas, along with its major shareholders MTL Luxembourg and Runruno Holdings, as holders of its mezzanine debt, had renewed their standstill agreement for a further month until 31 May.
Symphony Environmental nearing 'pivotal point' in development
Biodegradable plastics outfit Symphony Environmental's chairman Nirj Deva told investors at its annual general meeting on Friday that the group was reaching "a pivotal point in its development".
Numis blames political uncertainty for dive in profits
Numis Corporation on Friday reported a plunge in interim profits and revenues as domestic political uncertainty precipitated a period of weak UK investor sentiment.
Taptica earnings beat expectations in year of strategic progress
Advertising technology outfit Taptica was successful in making some strategic progress in its last trading year, bolstered by sustained demand for its technologies from an increasingly diversified customer base.
DP Poland sales grow after launching campaign with Master Chef winner
Pizza delivery outfit DP Poland told investors on Friday that it was trading in line with management's expectations for the year after the first quarter, as its new marketing campaign with Master Chef winner Damian Kordas drove sales throughout the period.
Templeton trust backs performance related tender offer
Templeton Emerging Markets Investment Trust on Friday confirmed its intention to introduce a five-year performance-related conditional tender offer.
Phoenix Global narrows losses as revenues improve
Upstream oil and gas company Phoenix Global Resources turned in a narrowed full-year loss on Friday, as expenses such as exploratory and finance costs were reined in.
ContourGlobal partners with General Electric for Kosovo project
ContourGlobal and the government of Kosovo have selected General Electric to provide engineering, procurement and construction (EPC) and long-term maintenance at Contour's e Re Power Plant Project in the country.
Provident Financial customer numbers increase as hostile takeover fight continues
Subprime lender Provident Financial saw customer numbers grow in the first three months of its trading year, with a "stable" increase to impairments over at its Vanquis unit.
MySale disposes of principal UK trading site
Online retailer MySale has agreed to sell the trade and assets of its Cocosa. co. uk unit to Brandalley for a total of £1. 5m.
Tekcapital subsidiary lauds Floridian legalisation of autonomous vehicles
Tekcapital subsidiary Guident on Friday lauded the "visionary" decision from the Florida State government to legalise the use of self-driving cars statewide.
S4 Capital sees 'very strong' growth in first quarter
Digital advertising and marketing services company S4 Capital updated the market on its first quarter on Friday, reporting that it continued to deliver “very strong” growth in line with expectations in the period, at the level required to achieve its three-year plan of doubling its size organically on a like-for-like basis.