News And Announcements
Rockhopper progressing funding for Sea Lion
Oil and gas business Rockhopper Exploration said on Thursday that its primary focus for the remainder of the financial year was to further progress funding proposals aimed at sanctioning its Sea Lion field project in the Falklands by the end of 2018.
Atalaya Mining buoyed by copper price gains in first half
Atalaya Mining moved into the black in the first half of 2017 as the company ramped-up output and on the back of higher copper prices.
Versarien division secures largest ever single aerospace order
Advanced materials engineering group Versarien announced on Thursday that its subsidiary, Total Carbide, had secured its “largest ever” single order in the aerospace sector for parts to be used by the UK's biggest aero engine manufacturer.
Havelock Europa issues profit warning amid tough trading
Commercial interiors company Havelock Europa issued a profit warning on Thursday, having already indicated the existence of reduced activity.
Standard Life Aberdeen 'yet to rerate as an asset manager', says JPM Cazenove
Since sealing its merger, Standard Life Aberdeen is a more diverse business offering growth potential and even the potential to "unlock hidden value", JP Morgan Cazenove said as it initiated coverage on the stock with an 'overweight' rating.
Anil Daulani appointed CyanConnode MD for India
Narrowband radio mesh networks specialist CyanConnode announced the appointment of Anil Daulani as managing director for India on Thursday, with responsibility for managing the India operation including sales, customer delivery, technical pre-sales and support.
AstraZeneca reports twin trial news, but Celgene Imfinzi delay
AstraZeneca has put out a pair of positive respiratory updates, one from Phase III trials of combined treatment Duaklir that is being developed with Circassia Pharmaceuticals, and the other being Phase IIb trials of tezepelumab.
Frontier IP's CSI launches 'perfect cooking' oven sensor
Intellectual property commercialisation company Frontier IP noted on Thursday that its portfolio company, Cambridge Sensor Innovation, had announced the launch of its new sensor system at the IFA Berlin trade show.
MTI Wireless Edge division enters agreement with Bermad
Flat panel broadband antenna and wireless irrigation solutions provider MTI Wireless Edge announced on Thursday that its wholly owned subsidiary, Mottech Water Solutions, has entered into a product representation and distribution agreement with Bermad Italy for the distribution of its solutions in Italy and Morocco.
Sprue launches UK's first battery-powered natural gas detector
Home safety products developer and supplier Sprue Aegis announced the launch of the UK's first battery-powered natural gas detector on Thursday, which it said was a “major new product innovation” for the company, under its FireAngel brand.
John Payne appointed managing director of Nautilus Marine
Offshore inspection and repair group Nautilus Marine Services announced the appointment of John Payne as managing director on Thursday, adding that the position did not include a board position.
Personal injury claims backtracking boosts Admiral, Direct Line
Insurance company shares were boosted as the government backtracked on rules governing the way personal injury claims are calculated.
Receivers called in to Topshop New Zealand
The future of one of the UK’s most iconic high street fashion brands in one of its markets was hanging by a thread on Thursday morning, with confirmation that the operator of Topshop and Topman in the island nation had gone into receivership.
Biffa expresses confidence over full-year outlook
Integrated waste management company Biffa said on Thursday that it was looking at further acquisition opportunities as it expressed confidence in its outlook for the full year.
Ashmore results disappoint despite earnings beat, optimistic outlook
Asset manager Ashmore Group reported stronger than expected full-year earnings and insisted the recovery in emerging markets was sustainable, with "substantial value" remaining in absolute terms and relative to developed world assets.
Cogenpower welcomes new Italian competition legislation
Low-carbon technology energy business Cogenpower announced on Thursday that the Italian legislature has enacted a new law which prohibits state monopolies from retroactively revising decisions they have previously made, if such revisions would be detrimental to the affected party.
Bovis profits slump in H1 but investors welcome special divi, better margin
Housebuilder Bovis Homes reported a 31% drop in first-half pre-tax profit on Thursday but the shares rallied as investors welcomed a hike to the dividend, a special dividend and healthy margins as they put their faith in new chief executive Greg Fitzgerald.
Capita shares drop as it restates 2016 accounts
Capita shares were under pressure on Thursday after the outsourcer restated its accounts to adapt to new accounting standards.
HICL Infrastructure completes purchase of High Speed 1 stake
HICL Infrastructure Company announced on Thursday that it has completed the acquisition of an equity interest in the entities that comprise High Speed 1, in a transaction it had first announced on 14 July.
Genus pleased with 'strong' porcine performance
Animal genetics company Genus reported its preliminary results for the year to 30 June on Thursday, with revenue of £459. 1m - an increase of 18%, or 6% in constant currency.