Company News
Plexus upbeat on North Sea plug and abandonment success
Engineering services firm Plexus Holdings announced the successful completion of its plug and abandonment (P&A) equipment and services campaign for Oceaneering International on Friday.
AssetCo agrees to transfer interest in RMI to its managing partner
AssetCo and its fully-owned subsidiary River & Mercantile Holdings announced an agreement on Friday to transfer its corporate partnership interest in River and Mercantile Infrastructure Income Fund’s investment adviser, RMI, to a partnership within RMI helmed by managing partner Ian Berry.
Asiamet makes solid progress on BKM copper project
Asiamet Resources updated the market on the BKM copper project in Central Kalimantan, Indonesia, on Friday, reporting robust advancements in multiple work streams related to its development.
Kazera steaming ahead with Walviskop heavy mineral sands project
Kazera Global updated the market on promising developments at its ongoing Walviskop heavy minerals sands (HMS) project in Alexander Bay, South Africa, on Friday.
Power Metal reports exploration progress at Molopo Farms
Power Metal Resources updated the market on exploration developments at its Molopo Farms Complex Project (MFC) in southwestern Botswana on Friday, emphasising its pursuit of a district-scale nickel (Ni) and platinum group element (PGE) discovery.
Director dealings: Filtronic chairman ups stake
Filtronic revealed on Friday that chairman Jonathan Neale had acquired 65,281 ordinary shares in the AIM-listed subsystems designer.
Aviva surges on takeover speculation
Aviva surged on Friday after markets blog Betaville suggested in one of its ‘uncooked’ alerts that the insurance group was at the centre of takeover talk.
Renalytix kidney test claims allowed by US Patent Office
Diagnostic artificial intelligence (AI) specialist Renalytix announced an enhancement to its intellectual property portfolio for its KidneyIntelX. dkd test on Friday.
600 Group announces possible 80pc sale of US laser businesses
Industrial engineering specialist the 600 Group announced the signing of a non-binding letter of intent (LOI) through its wholly-owned US division to potentially offload a majority interest in its TYKMA Electrox and Control Micro Systems industrial laser operations in the United States.
Serabi Gold takes wraps off expanded resource at Palito
Brazil-focussed miner and developer Serabi Gold unveiled an updated mineral resource estimate for its Palito Complex on Friday, spotlighting a substantial 50% growth in measured and indicated resources since December 2021.
Vast Resources raises £1.82m to fund working capital
Mining firm Vast Resources announced it had successfully raised £1. 82m on Friday to fund its working capital and to meet its obligations in Romania.
Acuity RM chair Simon Bennett steps down
Acuity RM Group announced the immediate resignation of Simon Bennett from his dual roles as non-executive director and chairman on Friday.
SRT Marine warns of interim loss
Maritime surveillance systems provider SRT Marine warned on Friday that it was set to report an interim loss due to revenues being "heavily" weighted to the second half.
Quartix warns on profits as revenues fall short of expectations
System software company Quartix Technologies warned on Friday that revenue and underlying earnings would fall short of current market expectations, leading it to lower guidance for both 2023 and 2024.
Shell expecting stable third quarter for marketing
Shell updated the market on its third-quarter outlook on Friday, anticipating a stable period for its marketing division, although it did forecast a corporate adjusted earnings loss.
Frasers ups Boohoo stake again with £11.5m investment
Mike Ashley's "strategic investment" in Boohoo has continued, with Frasers Group once again lifting its stake in the fast-fashion retailer on Friday.
XP Power cancels Q2 dividend payment
Power converter solutions provider XP Power said on Friday that it has cancelled its second-quarter dividend payment following discussions with major shareholders.
Metro Bank begins talks over £3bn mortgage book sale - report
Metro Bank has reportedly begun talks about the sale of a £3bn chunk of its mortgage book as part of an increasingly urgent attempt to shore up its balance sheet.
GSK raises £885.6m from Haleon share sale
GSK said on Friday that it has sold 270m shares in Haleon - the consumer health business it spun off last year - raising around £885. 6m.
Octopus Renewables sells two Polish wind farms
Investment trust Octopus Renewables has agreed to sell its Krzecin and Kuslin onshore wind farms in Poland to an affiliate of Orlen.