News And Announcements
Gfinity expands esports into Australian with joint venture
International esports group Gfinity announced the launch of the Gfinity Elite Series in Australia on Monday, which it said would be launched through a newly formed joint venture, Gfinity Esports Australia, in conjunction with HT&E Events, which itself is a joint venture between ASX-listed HT&E and IKON Media & Entertainment.
Lonmin looks to sell excess capacity and some assets
Concerned about platinum prices, Lonmin has decided to sell access to 500,000 ounces of yearly processing capacity, and consider partners for its K4 and MK2 projects, and possibly sell its Akanani and Limpopo properties.
Just Group gets A+ insurer rating by Fitch
Retirement product specialist Just Group said its principal insurance subsidiary had been given an A+ financial strength rating by Fitch.
UBM chairman Helen Alexander passes away
UBM chairman Dame Helen Alexander died over the weekend, having taken a leave of absence for medical treatment only last month.
Cairn Energy updates market on offshore Senegal drilling
Cairn Energy announced the results of the SNE North-1 exploration well, offshore Senegal, on Monday, confirming that the well encountered oil and gas in the primary objective and oil in the deeper secondary objective, in a separate accumulation to the SNE field.
NewRiver CEO taking medical leave of absence
NewRiver REIT announced on Monday that its chief executive David Lockhart was shortly undergoing an elective procedure that will require him taking a leave of absence.
Paddy Power Betfair CEO to step down; says H1 EBITDA up 21%
Betting group Paddy Power Betfair said interim revenue growth would be up 9% and underlying EBITDA up 21% when it reports on Tuesday, as it revealed the departure of chief executive Breon Corcoran as CEO after 16 years in the job.
Halma spends GBP18.1m on two earnings-enhancing acquisitions
Health and safety products group Halma has completed two overseas acquisitions in its medical business for the equivalent of £13. 2m and £4. 9m, both of which are expected to be immediately earnings enhancing.
Ultra Electronics confident on full-year outlook
Ultra Electronics's top and bottom lines were little changed at the half-year stage, but the company sounded a confident note on the full-year outlook, pointing to a "strong" order intake during the final part of the reporting period.