News And Announcements
Acacia Mining hit with USD190bn tax bill from Tanzania authorities
Acacia Mining has been sent a tax bill from the Tanzanian authorities totalling around $190bn for unpaid tax and penalties from its Bulyanhulu and Buzwagi mines in the country, which the London-listed company disputes.
UK to invest £246m in research and development into energy storage
On Monday, redT energy reported a £246m investment from the Department of Business, Energy and Industrial Strategy (BEIS) to aid in energy storage in the UK.
Andes Energia combines with Trefoil holdings on Argentinian venture
Andes Energia has agreed to a merger deal that will see the AIM-listed company's shareholders own just under 25% of an enlarged group owning 5m operational acres in the Argentina, to be renamed Phoenix Global Resources.
Serco workers set for two-week strike at London hospitals
Private contractor Serco is facing a two-week long strike from its employees at four hospitals in London, as they continue to fight for an increase in wages.
Tesco to launch same day grocery delivery service across UK
Tesco announced on Monday that it will be launching its same day online grocery delivery service across the entire UK from next month.
Gfinity buys American esports tech firm CEVO
Esports company Gfinity acquired the entire issued share capital of American-based global provider of esports technology services CEVO, it announced on Monday, for total consideration of up to $2. 7m payable in cash and shares.
NetScientific investment receives Innovate UK grant
NetScientific updated the market on its portfolio company ProAxsis on Monday confirming it had now gained further support for its ‘ProteaseTag’ technology through a project co-funded by Innovate UK.
Ergomed completes recruitment in PeproStat study six months early
Specialised pharmaceutical services and drug development company Ergomed completed recruitment for its Phase IIb proof-of-concept study for PeproStat ahead of schedule, it announced on Monday.
Elliott wants answers on Akzo Nobel's new CEO
Activist investor Elliott Advisors, Akzo Nobel's largest shareholders, called on the Dulux maker on Monday to confirm the date of a general meeting to vote on the appointment of the nominated chief executive, Thierry Vanlacker.
China Nonferrous Gold managing director resigns
Mineral exploration and mining company China Nonferrous Gold confirmed the resignation of its managing director David Tang for personal reasons on Monday.
Rose Petroleum gets approval for Paradox seismic survey
Natural resources business Rose Petroleum responded to a recent surge in its share price on Monday, confirming that it was receiving approval to conduct its seismic survey at the Paradox Basin in Utah.
Summit Germany sells 18 small properties
German commercial property investment company Summit Germany entered into an unconditional agreement for the sale of 18 small properties for total consideration of €15m, it announced on Monday, of which €9. 1m will be in cash with the balance through a five-year loan bearing an average annual interest rate of 3%.
HICL Infrastructure reaffirms dividend guidance
HICL Infrastructure Company reaffirmed its dividend guidance of 7. 85p per ordinary share for the current financial year on Monday, as it updated the market on its year-to-date from 1 April to 21 July.
Malvern gains accreditation for Singapore school
Malvern International, a holding company for several businesses who provide educational qualifications in the UK, Singapore, Malaysia and Cyprus, has won back its EduTrust accreditation for its Singaporean business.
GSK investment ViiV pleased with recent HIV treatment results
Global specialist HIV company ViiV Healthcare announced 96-week data from its LATTE-2 study on Monday, reporting that viral suppression rates for the two-drug regimen dosed every four or eight weeks were 94% and 87% respectively, which it claimed is comparable to the rate observed in patients continuing with a three drug regimen, which was 84%.
Mytrah Energy powers ahead as first solar plant commissioned
India-based independent renewable power producer Mytrah has begun generating energy from its first solar plants in Punjab and Telangana.
Ascential posts solid first half growth
Business-to-business information company Ascential said it traded in line with its expectations in the first half on Monday, with revenue from continuing operations of £222m, up from £176. 2m in the first half of last year.
Earthport's revenue increase helps trim losses
Earthport, the cross-border payments specialist, has cut losses by 65% last year as revenues grew by a third.
Grainger in JV to buy London development
Listed residential landlord Grainger said it had formed a joint venture with the Local Pensions Partnership to buy a housing development at Pontoon Dock, London for an undisclosed sum.
New debit card will make cryptocurrencies 'easier to spend'
A startup in Singaporean has designed a debit card that is capable of converting multiple digital currencies in to dollars, yen and euros.