News And Announcements
Investors look to move on from Dixons CEO Seb James
According to Mark Kleinman of Sky News, several leading shareholders intend to push Dixons Carphone chairman, Lord Livingston of Parkhead into a sped up succession plan amid growing pressure on current chief executive, Seb James, in the wake of last week's unexpected profit warning that cut the company's value down just shy of a quarter.
BrewDog to give away 20% of its profits
Independent craft brewer BrewDog announced on Tuesday that it will give away 20% of its profits every year as part of its new 'Unicorn Fund'.
IG Design reports strength in all regions
Celebration, stationery, gifting and creative play products IG Design Group updated the market on its first quarter of trading to 30 June on Tuesday, confirming it was in line with management expectations with a “strong pipeline” built in all regions.
Empyrean Energy pleased with progress at Dempsey 1-15
China, Indonesia and US-focussed oil and gas development company Empyrean Energy announced on Tuesday that it has been informed by Sacgasco, the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that the well is currently drilling ahead in 8 1/2" vertical hole.
Image Scan reports 'rapid growth' in orders
Specialist supplier of x-ray screening systems Image Scan updated the market on its trading on Tuesday, as it descended towards its year-end on 30 September.
Fastjet completes acquisition of its branding from easyGroup
Fastjet’s remaining branding ties with easyGroup - the owner of the ‘easy’ brand as used by easyJet and others in the UK - were officially severed on Tuesday, as the company confirmed that the acquisition of its brand assets had been completed.
Mountfield's CAF awarded £1.5m City building contract
Mountfield Group announced on Tuesday that its subsidiary CAF had been awarded a contract worth £1. 5m to supply and install flooring to the second phase of a three-phase project for the wholesale refurbishment of a “City HQ building”.
Edenville Energy signs on unnamed coal marketing partner
Tanzania-focussed coal power development company Edenville Energy updated the market on coal marketing and construction at its Rukwa coal project site on Tuesday, confirming it had now entered into a marketing agreement with an unnamed UK company with “links” to African energy and commodities trading.
Mondi postpones paper machine investment at Stefi mill
Paper and packaging company Mondi has decidedto postpone its €135m investment in a new 90,000 tonne per year machine glazed speciality kraft paper machine at its Stefi mill in the Czech Republic following a "careful review" of market conditions.
Marlowe announces acquisition of fire services firm BTE Systems
London based support services group, Marlowe announced on Tuesday that it had acquired BTE Systems for a total enterprise value of up to £1. 2m on a debt-free, cash-free basis.
Hutchison Chi-Med to trial HMPL-689 in China
Hutchison China MediTech announced on Tuesday that it has initiated a Phase I clinical trial of HMPL‑689 in China.
Bunzl interims get a lift from weak pound
Distribution and outsourcing group Bunzl said the weak pound helped power interim pre-tax profits to £181. 9m, a rise of 17%.
KEFI Minerals forms joint venture with Ethiopia government at Tulu Kapi
Saudi Arabia and Ethiopia-focussed gold exploration and development company KEFI Minerals updated the market on its Tulu Kapi gold project in Ethiopia on Tuesday, confirming that all VAT refunds had now been received in full to the equivalent of £2. 5m.
Mitie profit warning comes under FCA investigation
The City watchdog has begun to probe the timing and preparation of a profit warning last September by Mitie Group, which is already being investigated by another regulator over its accounts.
Tilney looks to derail Rathbones' Smith & Williamson merger talks - report
Rathbone Brothers' planned merger with financial services provider and corporate adviser Smith & Williamson could be derailed by an aggressive offer from private equity-backed rival Tilney.
Mirada wins new contract for Iris multiscreen product
AIM-listed Mirada, which provides integrated software solutions for digital TV operators and broadcasters, has won a new contract for its Iris multiscreen product.
Real Good Food warns on profit again
AIM-listed Real Good Food Company issued another profit warning on Tuesday as it confirmed that its major shareholders would provide additional funds to support working capital requirements, if needed.
Irish court approves another facet of Dalradian-Minco transaction
Dalradian Resources updated the market on the complex Minco transaction on Tuesday, which involves the Minco sale of Curraghinalt Royalty, the recommended offer for Minco by Dalradian, and the demerger of Buchans to Minco shareholders.
MP Evans invests in Indonesian oil-palm project
Sungkai Holdings, a subsidiary of AIM-listed MP Evans Group, has signed a sale-and-purchase agreement to buy Sunrich Plantations, which owns 95% of Indonesian oil-palm plantation owner PT Bumi Mas Agro (BMA).
Keras upbeat as Calidus begins more drilling in Pilbara
Mineral resource company Keras Resources updated the market on Tuesday, following an announcement published by Calidus Resources in which it holds a 30% interest.