News And Announcements
Alexander Mining agrees 'significant' joint venture project
Alexander Mining announced on Friday that it has agreed a “significant” new research and development joint venture project, for the potential recovery of vanadium from amenable ores. The AIM-traded firm said the JV was between Alexander, Australian company Multicom Resources, and John Webster Innovations, whose principal is mining industry consultant John Webster.
Annuities sales continue to fall after pension freedom changes
Annuity sales in the UK fell below new alternative drawdown arrangement for the first time earlier this year.
Billing Services makes another payment to the FTC
Telecommunications clearing and financial settlement products provider Billing Services Group made another payment towards its settlement with the Federal Trade Commission on Friday.
Starcom reaches collaboration agreement with 'major' industrial group
Wireless remote tracking and monitoring solutions provider Starcom announced that it has reached a collaboration agreement with a “major” European industrial group on Friday.
Sports Direct to pay employees £43m in bonuses
Sports Direct said on Friday that it will pay employee share bonuses worth more than £43m.
Pub companies crying into their beer after consumer and competition warning
Pub companies and analysts were gasping after a warning from brewer Greene King about falling sales, rising competition and costs, all set against a worrying backdrop of tightening consumer belts.
Banking lobbies call on the British and EU to agree on cross border financial contracts
Two banking lobby groups called on the British government and the European Union to reach a deal so that cross-border financial contracts are not massively disrupted after Brexit.
Ferrum Crescent raises £0.19m through placement
Lead-zinc exploration company Ferrum Crescent announced on Friday that it has conditionally raised £0. 19m before expenses, through a placement of 214,782,526 new ordinary shares, at an issue price of 0. 09p per share.
Thomas Cook pilots strike over pay, the first by UK pilots since 1970
Pilots at Thomas Cook staged a walk out at 3am on Friday morning following a dispute with the travel company over pay, in what was the first strike by UK pilots since the 1970s.
Koovs says no reason for share price drop
AIM-listed fashion brand Koovs noted the recent movement in its share price on Friday and said it knows of no specific reason for the move.
Eve Sleep pens retail deal with German department store chain
E-commerce focussed direct-to-consumer mattress supplier eve announced on Friday that it has signed a “major” retail partnership agreement with Karstadt, one of Germany's leading department store chains, to be present in all 79 stores across Germany.
CSF receives conditional offer for disposal of operating subsidiary
AIM-listed CSF confirmed on Friday that it has received a conditional offer letter in respect of the disposal of one of its operating subsidiaries.
Rathbone Brothers denies online allegations
Wealth manager Rathbone Brothers said the slump in its share price earlier on Friday coincided with anonymous allegations made in an online discussion forum.
The end drawing near for Bell Pottinger
The end is drawing near for Bell Pottinger as the PR firm could be put into administration as early as next week after allegations that it participated in a secret campaign to stir up racial tensions in South Africa saw it engulfed in financial turmoil as many of its top clients quickly headed for the exits.
Irma downgraded to Category 4 hurricane ahead of landfall in South Florida
Irma, one of the most powerful hurricanes ever on record, has been downgraded to category 4 ahead of its anticipated landfall in Florida on Sunday, but not before wreaking havoc on several British territories and the wider Caribbean, leaving at least 14 people dead in its wake.
Safestyle down as it issues profit warning
Retailer and manufacturer of PVCu replacement windows and doors Safestyle UK updated the market on its current trading on Friday, having told the market on 18 July that - given uncertain market conditions and weaker consumer confidence - it anticipated profit for the year would be lower than previously expected, and broadly in line with 2016.
Former BoE deputy governor Charlotte Hogg to become CEO of Visa Europe
Charlotte Hogg, the former deputy governor of the Bank of England who resigned just a month after taking the role as a result of her failing to disclose her brother's position as head of strategy at Barclays for nearly four years, was appointed chief executive of Visa Europe on Thursday.
BA could face industrial action as it plans to curb pension benefits
British Airways could be looking at further industrial action as trade unions respond to its plans to decrease retirement benefits for 17,000 of its pension scheme members.
Seeing Machines signs new partnership with Progress Rail
Computer vision technologies firm Seeing Machines confirmed on Friday that it has signed a new, extended partnership agreement with Progress Rail Services Corporation.
Uber competitor Taxify ordered out of London after just a few days
A startup competitor to Uber has been ordered out of London just a few days after it launched.