News And Announcements
LightwaveRF takes a bite out of the Apple Home market
LightwaveRF, producers of smart home devices announced a new range of products compatible with Apple HomeKit Monday morning.
BP starts up another two major upstream projects
BP confirmed today the start up of another two of the seven upstream major projects which are planned to come on-line in 2017, Juniper in Trinidad and Persephone in Australia.
BP begins production from Juniper on schedule and under budget
BP Trinidad and Tobago reported first gas from the Juniper development, its first subsea field development in Trinidad, on-schedule and under budget.
Fishing Republic continues its angling in West England waters
Fishing tackle retail business, Fishing Republic has opened another 'destination' store. Located in Gloucester, the new store which opened over the weekend will expand the group's presence in the West England area.
Barclays announces closure of 54 UK branches
Barclays has announced that in a further effort to cut costs it will be closing around 54 branches before the end of the year, reducing much needed access to services for customers across the UK.
Sirius Petroleum signs $10m offtake agreement with BP subsidiary
Sirius Petroleum has entered into a $10m revolving pre-payment facility and commercial offtake agreement relating to sales of crude oil from its Ororo field with BP subsidiary, BP Oil International.
Stronger Mexican sees debt balloon as it waits for payment from Televisa
Cable TV software provider, Mirada said it had seen an increase in business from its primary customer Televisa, but worries about the company's financial position caused share prices to drop as much as 35% Monday.
Renewables Infrastructure Group acquires Broxburn Energy Storage
Renewable Infrastructure Group (TRIG) announced Monday that it had completed the acquisition of a 100% interest in the battery energy storage project, Broxburn currently under construction in West Lothian, Scotland.
WPP acquires majority stake in Middle Eastern digital agency
WPP Group's Grey agency has acquired a majority stake in Hug Digital, a digital marketing agency based in Dubai.
Gulf Keystone reiterates guidance after hitting 40m barrels at Shaikan
Gulf Keystone Petroleum remains confident it can hit its target of producing 32,000 to 38,000 barrels of oil per day this year.
UK gambling review risks raised, Credit Suisse picks out Paddy and Playtech
There is a much higher chance that the government will slash the maximum stake for gaming machines to £2 amid the new political climate, leading to a 40-50% cuts in profits for bookmakers, analysts at Credit Suisse said on Monday, as they advised clients which stocks to back.
Glencore looks to purchase Pacific Aluminium from Rio Tinto
American firm Century Aluminium and Glencore have been linked to the purchase of Rio Tinto's Pacific Aluminium business, which according to a current listing at Deutsche Bank, could go for as much as $1bn.
NewRiver REIT arranges £430m in unsecured debt facilities
Property investor, NewRiver REIT, announced Monday it had successfully arranged £430m of new unsecured debt facilities in an effort to refinance at a reduced cost and at longer maturities.
Bushveld Minerals expects flat production from vanadium plant
Bushveld Minerals released an update on operations at its vanadium mining operation Vametco Alloys in South Africa.
Standard Life Aberdeen completes merger
Standard Life and Aberdeen Asset Management completed their merger on Monday and became Standard Life Aberdeen, also confirming the make-up of the new combined board.
Clarkson posts big rise in half-year profits, eliminates debt
Clarkson saw profits tax before jump by a quarter to reach £21. 9m at the half-year stage amid top-line growth from £147. 2m to £156. 8m.
RIT Capital cuts back on equity risk but eyes technology
Investment company RIT Capital Partners reported a net asset value total return of 4. 0% for the first half of the year, cautioning that managers have only a moderate exposure to equities as they "do not believe this is an appropriate time to add to risk".
Greencoat UK adds 90MW with two wind farm acquisitions
Greencoat UK Wind has agreed to acquire the North Hoyle and Slieve Divena wind farms from institutional investors for close to £105m.