Company News
Director dealings: 80 Mile director raises stake
80 Mile revealed on Monday that non-executive director Roderick McIlree had acquired 8. 0m ordinary shares in the AIM-listed exploration and development company.
Melrose Industries updates on RRSPs, shares surge
Melrose Industries surged on Monday after it released a document explaining the accounting around its 19 Risk and Revenue Sharing Partnerships (RRSPs) and said the portfolio was "well positioned" to generate significant returns for investors in the coming decades.
React Group acquires Aquaflow Services
React Group, a specialist in cleaning and soft facilities management services, announced the acquisition of 24hr Aquaflow Services, a drainage and plumbing services provider based in London and the South East, on Monday.
Metals Exploration gets approval to start drilling at Abra
Metals Exploration, a gold producer operating in the Philippines, announced on Monday that it has received final approval from authorities to start exploration drilling activities at its Abra tenements through its subsidiary Yamang Mineral Corporation (YMC).
Roadside Real Estate JV agrees acquisition of 12 Lidl stores
Roadside Real Estate announced on Monday that its joint venture with Meadow Real Estate Fund VI, Roadside Retail, has signed an agreement to acquire 12 stores from Lidl Great Britain for £70m.
Lexington appoints firm for maiden exploration target at Bothaville
South Africa and US-focussed precious metals explorer and developer Lexington Gold announced on Monday that it has appointed Dunrose Trading 186, trading as Shango Solutions, to establish a maiden JORC 2012 exploration target for its Bothaville Project in South Africa’s Free State Province.
Boeing launches $19bn share sale to bolster finances
Boeing said on Monday that it had launched a $19bn share sale as it looks to bolster its finances.
Cyanconnode receives $1m follow-on order
Narrowband radio frequency mesh networks business Cyanconnode said on Monday that it has received a follow-on order with a value in excess of $1. 0m for cellular gateways in the Middle East and North Africa region.
Tertiary Minerals announces copper, zinc discoveries at Mushima North
Tertiary Minerals announced the discovery of copper and zinc mineralisation at its Mushima North Copper Project in Zambia on Monday, after a recent drilling campaign.
Lords Group acquires majority stake in Ultimate Renewables
Building materials distributor Lords Group said on Monday that it has acquired a majority stake in Bicester-based business Ultimate Renewables.
Europa Oil reports challenging financial performance
Europa Oil & Gas reported a challenging financial performance for the year ended 31 July on Monday, as revenue declined 46% to £3. 6m, reflecting reduced oil production, including a three-month shutdown at its Wressle site, and lower realised oil prices.
Sound Energy and Getech ink Morocco exploration deal
Sound Energy and Getech Group announced a collaboration to explore natural hydrogen and helium resources in Morocco on Monday.
Wise CEO settles FCA investigation into personal tax matters
UK watchdog the Financial Conduct Authority has slapped Wise chief executive Kristo Kaarman with a £350,000 fine to settle an investigation into regulatory disclosures related to his personal tax matters.
Good Energy evaluating takeover proposal from Dubai’s Esyasoft
Good Energy surged on Monday as the renewable electricity and energy services provider said it was considering a takeover proposal from Dubai’s Esyasoft.
BioVentix reports year of growth, warns of geopolitical risks
BioVentix, a UK-based developer of high-affinity monoclonal antibodies for clinical diagnostics, reported a 6% improvement in full-year revenue on Monday, to £13. 6m, up from £12. 82m in the prior year.
SigmaRoc maintains expectations after solid third quarter
Lime and minerals supplier SigmaRoc reported strong trading in the first nine months of the year on Monday, positioning it for a solid year-end finish.
Gulf Marine Services lifts forecasts after solid third quarter
Gulf Marine Services, a provider of self-propelled, self-elevating support vessels for the offshore oil, gas, and renewables sectors, revised its adjusted EBITDA guidance on Monday after reporting solid growth through the third quarter.
Philips lowers sales outlook amid China weakness
Philips reported flat comparable sales of €4. 4bn for its third quarter on Monday, as the Dutch medical devices maker faced a significant decline in demand from China.
BT said to explore sale of Radianz unit
BT Group is reportedly working with investment bankers on a possible sale of its Radianz unit as part of chief executive Allison Kirkby’s plan to simplify the UK telecoms group.
Lloyds assessing implications of motor finance court rulings
Lloyds Banking Group updated the market on recent Court of Appeal rulings concerning motor commission arrangements on Monday, which set a new standard for motor dealers acting as credit brokers, requiring them to disclose commissions paid by lenders more comprehensively to customers.