Company News
Strip Tinning raises £0.11m via retail offer
Strip Tinning, a supplier of specialist connection systems to the automotive sector, announced on Friday that it had raised £0. 11m through a retail offer via the BookBuild platform.
Director dealings: Mercantile Ports & Logistics director ups holdings
Mercantile Ports & Logistics revealed on Friday that non-executive director John Fitzgerald had acquired 624,419 ordinary shares in the AIM-listed Indian port operator.
Global airline stocks drop as Delta cuts profit guidance
Airline stocks across the US and Europe were flying lower on Friday after American carrier Delta cut its earnings guidance for the full year.
Ixico CEO to step down by end of year
Medical imaging analytics company Ixico announced on Friday that its chief executive officer Giulio Cerroni planned to retire from his position, and as a director, by the end of 2024.
Scirocco CEO resigns from board to help conserve cash
Scirocco Energy announced the immediate resignation of chief executive officer Tom Reynolds from his position as a director of the board on Friday.
Technical fibres head to leave James Cropper at end of month
James Cropper confirmed on Friday that James Gravestock, its managing director for technical fibres and future energy, would step down from its board and leave the company on 31 January.
UK Oil & Gas raises £0.75m for hydrogen storage project
UK Oil & Gas has secured £0. 75m in placing proceeds, it announced on Friday, to help fund its potential hydrogen storage project in Portland, Dorset.
EnSilica launches new accelerators, inks IP licence
Application-specific integrated circuit (ASIC) specialist chip manufacturer EnSilica announced the launch of a series of post-quantum cryptography (PQC) accelerators on Friday.
Caledonia meets full-year production guidance at Blanket Mine
Caledonia Mining released its fourth-quarter production figures for the Blanket Mine on Friday, and provided guidance for production, costs, and capital expenditure for 2024.
Metals Exploration agrees to buy majority of YMC Group
Philippines-focussed gold producer Metals Exploration announced a conditional share purchase agreement (SPA) on Friday, to acquire a controlling interest in the YMC Group, which holds a significant exploration tenement in the Abra area of the Philippines.
88 Energy gearing up for Hickory-1 flow test
88 Energy is gearing up for a significant milestone in its operations, it announced on Friday, with the impending Hickory-1 flow test, scheduled to start in mid-February.
BlackRock buying Global Infrastructure Partners for $12.5bn
Investment giant BlackRock announced on Friday it is spending $12. 5bn in a cash-and-shares deal to take over Global Infrastructure Partners, a private infrastructure fund manager based in New York.
Citigroup to axe 20,000 jobs after posting £1.8bn Q4 loss
US bank Citigroup said it planned to cut 20,000 jobs as it announced a massive $1. 8bn quarterly loss, driven largely by charges ranging from currency exposure in Argentina and Russia to contributions towards the cost of regional bank failures last year.
Wells Fargo posts rise in Q4 profit; credit loss provisions increase
Wells Fargo posted a rise in fourth-quarter profit and revenue on Friday, but provisions for credit losses jumped.
Air Astana expects to go ahead with London IPO
Kazakhstani carrier Air Astana expects to go ahead with its initial public offering on both the London and Kazakhstan stock exchanges, which will likely come alongside a sale of existing shares and global depositary receipts held by BAE Systems.
Power Metal Resources shares surge on Saudi exploration deal
Shares in Power Metal Resources, the AIM-listed metals exploration company, jumped by over a tenth on Friday after it received a memorandum of understanding (MoU) to explore "high value-added investment opportunities" in Saudi Arabia.
Steppe Cement revenues fall as volumes and prices decline
AIM-traded Kazakh cement producer said it expects to report lower revenues for 2023 as average prices and volumes both declined year-on-year, while inflation is continuing to hold back bottom-line progress.
Warpaint beats expectations after strong fourth quarter
Colour cosmetics specialist Warpaint London issued a positive trading update for the financial year just ended on Friday.
Friday preview: US producer prices, bank earnings in focus
Financial markets' focus at the end of the week would continue to be on the inflation picture in the States.
London Tunnels to float on LSE
The London Tunnels announced its intention to seek admission to trading on the main market of London Stock Exchange on Friday, which it expects to take place before the end of the month.