News And Announcements
Proactis delivers good revenue, earnings growth
Spend control and eprocurement solutions provider PROACTIS Holdings said it delivered “substantial commercial and transformational strategic progress” in its full year on Tuesday, with revenues rising 31% over the previous year to £25. 4m.
Frontera Resources progressing with Block 12 in Georgia
Europe-focussed independent oil and Frontera Resources updated the market on its operations related to ongoing work at Block 12 in Georgia on Tuesday.
Nostra Terra updates market on Pine Mills situation
Oil and gas exploration and production company Nostra Terra updated the market on its progress to secure the remaining 12. 5% stake in the Pine Mills oil field through a non-appealable court judgement against Hammerhead Management Partners on Tuesday.
Premier African Minerals portfolio firm makes good progress
Mining and exploration company Premier African Minerals was upbeat on the progress being made by its portfolio company Casa Mining, it announced on Tuesday, in which it holds a 4. 5% interest.
Quantum Pharma posts solid first half
Quantum Pharma posted a sizeable improvement in revenue and earnings in its interim results on Tuesday, with revenue up 13% year-on-year and EBITDA ahead 23% at £5. 7m.
BH Macro says 'political and economic uncertainties' lead to net asset value declines
Closed-ended investment company, BH Macro posted a "modest" decline in net asset value per share of 0. 7% in its US dollar shares, while its sterling shares saw a more significant 4. 2% drop over the first six months of the year.
Benchmark subsidiary renews Great Salk Lake agreement
Benchmark Holdings announced on Tuesday that its wholly owned subsidiary, INVE Aquaculture, had successfully renewed its sales and marketing agreement with the Great Salt Lake Brine Shrimp Cooperative.
Unite urges British Airways to 'pause for peace' over strike actions
Unite general secretary, Len McCluskey has requested British Airways "pause for peace" in an effort to ease tension between the carrier and its mixed fleet cabin crew over pay disputes and sanctions handed down to workers who refuse to cross the picket line.
Persimmon builds up solid six months, profit margins impress
Persimmon’s profit before tax surged in the first half of the year as sales improved but profits margins leapt higher thanks to strong cost control.
Bushveld updates sales and marketing agreement with Wogen
Diversified mineral development company Bushveld Minerals announced on Tuesday that, following its previous announcement on 20 March regarding a definitive sales and marketing agreement with Wogen Resources, its subsidiary Bushveld Vametco had agreed with Wogen to retire in full the $3m prepayment facility and to simultaneously increase the Vametco Alloys working capital facility by same amount from $6m to $9m.
Kenmare Resources rides increased production levels into the black
Operators of the Moma Titanium Minerals Mine in northern Mozambique, Kenmare Resources posted an 82% increase in profit for the six months leading up to 30 June.
FairfieldNodal is party interested in WGP Group, confirms Thalassa
Thalassa Holdings revealed the identity of the interested party in WGP Group on Tuesday, confirming it as FairfieldNodal, which it described as a Texas-based “global leader” in seismic nodal technology.
Provident Financial tanks as it issues profit warning and withdraws divi, CEO resigns
Shares in FTSE 100 subprime lender Provident Financial tanked on Tuesday as it issued its second profit warning in two months and announced the resignation of its chief executive and the withdrawal of its dividend as the rate of progress in the turnaround of the home credit business has been "too weak".
Balfour Beatty wins Great Western Mainline contract
Infrastructure group Balfour Beatty has been selected by Network Rail to deliver a contract to electrify a 40-mile train route as part of the Great Western Mainline upgrade.
Kibo makes regulatory progress with Mbeya coal-to-power project
Tanzania-focussed mineral exploration and development company Kibo Mining updated the market on the Mbeya Coal-to-Power Project on Tuesday.
Petrofac sells interest in Mexico's Panuco oil field
Petrofac has sold off its final interest in its Mexico's Panuco oil field to Schlumberger.
Pensions Regulator to prosecute former BHS owner Dominic Chappell
The Pensions Regulator is prosecuting former BHS owner Dominic Chappell for failing to disclose information in connection with the sale of the retailer.
Haydale enters technical collaboration with Rogers Advanced Composites
Advanced materials group Haydale Graphene announced on Tuesday that it has agreed heads of terms for a technical and commercial collaboration with Rogers Advanced Composites.
Rose Petroleum gets final approval for Paradox seismic survey
Natural resources business Rose Petroleum announced on Tuesday that it has now received all necessary final approvals for its 3D seismic survey on its oil and gas exploration acreage in the Paradox Basin, Utah, and the permitting process for the proposed survey is now complete.
Filta Group buys drain specialist Grease Management
AIM-listed Filta Group, a provider of fryer management and other services to commercial kitchens, has acquired Grease Management (GMG) for up to £1. 11m in cash.