Market Pulse
Rig contract signed at Solo Oil investment
Solo Oil has announced that it was informed on Friday, by the Ruvuma Petroleum Sharing Agreement operator Aminex, that a rig contract has now been signed for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin.
Armadale begins RC drilling in Tanzania
Natural resources investment company Armadale Capital announced on Friday that reverse circulation drilling has commenced at its high-grade Mahenge Liandu Graphite Project in Tanzania.
Arcontech extends contract with existing client
Real-time financial market data company Arcontech announced an extension agreement with an existing client on Friday, to the value of approximately £95,000 in new annual recurring revenue.
GCM says has had no notification from Bangladeshi govt over Phulbari mine
GCM Resources said on Friday that it has not received any notification from the government of Bangladesh of any change to its contract for the Phulbari coal project following speculation in the press that the government has decided not to go ahead with open pit mining at the Barapukuria coal mine.
BMR Group secures funding for Kabwe development
BMR Group confirmed on Friday that it and its wholly owned subsidiary Enviro Mining Limited have entered into the anticipated project construction and trade finance facility for up to $5. 2m, with private South African group African Compass International.
Sound Energy revises acquisition agreement with PetroMaroc
Mediterranean and African-focused upstream company Sound Energy updated the market on Friday, on its March agreement with PetroMaroc Corporation for the acquisition of a 50% operated interest in three onshore gas permits located in Morocco - the Sidi Moktar Licences.
Wells Fargo chief Stumpf quits Fed panel as pressure rises
Wells Fargo chief executive officer John Stumpf resigned from a Federal Reserve advisory council on Thursday as pressure buildt on the company following the revelations about its fake accounts scandal.
Glaxo files US regulatory submission for sirukumab
GlaxoSmithKline has filed a regulatory submission to the US Food and Drug Administration for the use of sirukumab for the treatment of rheumatoid arthritis.
Boris Johnson berated over Article 50 claim
Boris Johnson has been berated over his claim that Article 50 would be triggered in early 2017 and that Brexit negotiations could be completed within two years.
Trump defends police in Charlotte and condemns protesters
US presidential candidate Donald Trump has criticised the actions of violent protesters in Charlotte, North Carolina after three nights of rioting in the city.
Brookfield Infrastructure consortium to take 90% stake in South American utility
Brookfield Infrastructure and institutional clients of Brookfield Asset Management have agreed to buy a 90% controlling stake in South American natural gas utility Nova Transportadora do Sudeste SA (NTS) from Petróleo Brasileiro SA, or Petrobras, for approximately $5. 2bn.
McKay Securities secures new Maidenhead tenant
South East England-focused real estate investment trust McKay Securities announced that it has let the first floor of Building 5, on the Switchback Office Park in Maidenhead, on Friday.
London midday: Stocks fall as investors book profits
The FTSE 100 declined on Friday as investors booked profits following a four-day rally.
Europe midday: Stocks edge lower as investors take profits
European stocks fell as investors booked some profits following Thursday’s Fed-fuelled gains and digested some mixed economic data.
Cogenpower to exit retail energy business
Low-carbon technology energy company Cogenpower announced on Friday that it will withdraw from the gas and electricity retail business, operated through its wholly-owned subsidiary Cogenpower Gas and Power.
Commerzbank job cuts could reportedly reach 5,000
As many as 5,000 jobs could be lost at Commerzbank, as Germany's second biggest lender prepares to revamp its operations, according to German daily newspaper Boersen-Zeitung.
Obtala sells stake in Lesotho's Lifes Comfort Solutions for $100
AIM listed agricultural and forestry company Obtala sold its stake in Lifes Comfort Solutions retail outlets in Lesotho for just $100 to Rystabelz PTY, the latest divestiture of non-essential business ventures for the company.
US pre-open: Stocks set for muted start ahead of manufacturing data
US futures pointed to a muted open on Wall Street following two days of Fed-inspired gains, but equities were still on course to post weekly gains.
Sports Direct appoints Mike Ashley CEO
Mike Ashley, the retailer's founder and majority shareholder, was appointed chief executive of Sports Direct on Friday.
Co-op's first half profits plunge but turnaround plan "firmly on track"
The Co-operative Group’s first half profits plunged 53% as the company invested in its three-year turnaround plan.