News And Announcements
Echo awards seismic contract as it evaluates Bolivian blocks
South and central-American focussed upstream gas company Echo Energy announced the award of a seismic reprocessing contract for the 3D seismic data over the Huayco and Rio Salado blocks, onshore Bolivia on Friday.
Financial Conduct Authority refuses to leak full report on RBS
The Financial Conduct Authority has announced it will not be publishing in full a leaked report accusing RBS's Global Restructuring Group of mistreating businesses, which the bank denies.
Adamas offloads Global Pharm Holdings at a loss
Pan-Asian diversified investment vehicle Adamas Finance Asia announced the disposal of its interest in Global Pharm Holdings Group on Friday.
EasyJet bids for parts of Air Berlin's short-haul business
Budget carrier easyJet has submitted a proposal to the overseers of Air Berlin's insolvency to buy parts of the company's short-haul business.
Tungsten Corporation upbeat on continued growth progress
Tungsten Corporation updated the market on its trading on Friday, as investors gathered for its annual general meeting, confirming that unaudited revenue of £8. 3m in its first quarter to 31 July was 12% higher than last year on a constant currency basis.
GCP Student Living reports continued growth in full-year numbers
Student accommodation real estate investment trust GCP Student Living reported continued growth in its full-year results on Friday, with revenue rising to £28. 6m from £22. 5m in the prior year.
Rio Tinto CFO Chris Lynch to retire in September 2018
Rio Tinto said on Friday that Chris Lynch plans to retire as chief financial officer by the end of September 2018 after just over four years in the job.
Serica confirms delay to restart of Erskine production
Serica Energy updated the market on its Erskine production operations on Friday, reporting that the operator of the Lomond platform had advised a delay to the restart of Erskine production, pending completion of repairs required to a caisson on the Lomond platform and receipt of approval to recommence from the operator of the Forties Pipeline System, through which Erskine liquids are transported to shore.
Diurnal Group notes publication of Infacort study
Speciality pharmaceutical company Diurnal Group announced the publication of data from its pivotal Phase III trial for its lead product ‘Infacort’ in Clinical Endocrinology on Friday.
Burberry post-Brexit potential is "enormous", says its CEO
The chief creative officer of the quintessential British brand, Burberry, has described its potential as "enormous" in post-Brexit Britain.
Milestone Group receives final £1.1m from Para subscription
Digital media and technology provider Milestone Group updated the market on its £1. 5m subscription raising by Para & Co on Friday, confirming it had received the final £1. 1m from the subscriber.
DX takes £1.8m hit after accounting error
DX Group announced on Friday that, during the preparation of its final results for the year ended 30 June, it became aware of an “incorrect application” of accounting policies relating to lease incentives on one of its sites.
Indivior launches lawsuits to defend Suboxone IP
Indivior has filed patent lawsuits in the US against rivals for infringement relating to proposed generic versions of its Suboxone opioid addiction product, having recently lost a patent battle over an older patent.
N Brown's plus-size catwalk event impresses fashion press, City analysts
Retailer N Brown received rave reviews for a West End catwalk event featuring several high-profile plus-size models to launch its new fashion ranges and a new US web platform, with analysts at N+1Singer reiterating a 'buy' recommendation on the shares.
Investec H1 operating profit seen 'comfortably ahead' despite challenging backdrop
FTSE 250 financial services company Investec said on Friday that its operating profit for the half year is expected to be "comfortably ahead" of the previous year, with revenue also seen ahead despite uncertainty in its key operating geographies.
CyanConnode wants to raise £8.6m, consolidate shares
Narrowband radio mesh networks specialist CyanConnode announced a proposed fundraising of up to £8. 6m on Friday, by way of a conditional placing and subscription of up to 30,852,488 ordinary shares at a price of 28p per share, with both existing and new institutional investors.
SDX Energy ready to press on with development after $10m fundraising
North Africa-focussed oil and gas company SDX Energy confirmed significant progress on Friday, announcing the completion of its $10m fundraising and admission to AIM of the new common shares.
Next Fifteen buys integrated digital agency Elvis for £5.5m
Digital communications group Next Fifteen has bought UK-based integrated digital agency Elvis Communications for £5. 5m in cash.
Comptoir losses widen but revenue rises despite 'challenging' environment
AIM-listed Comptoir Group reported a bigger pre-tax loss for the first half on Friday although revenue grew despite a "challenging" environment.
Purplebricks launches in the US, kicks off in LA
AIM-listed hybrid estate agent Purplebricks was set to formally launch its business in the US later on Friday.