News And Announcements
Carillion loses £1.2bn in first half, but has 'clear plan' for turnaround
Carillion has unveiled a £1. 15bn first-half loss and warned full year results would be worse than expected, although stand-in management say they have a "firm handle" on the construction group's problems and have put in place "a clear plan to address them".
Ryanair succumbs to CAA demands for clarification on cancellations
Irish budget airline Ryanair has agreed to comply with demands made by regulators to inform customers of their full compensation rights after it cancelled thousands of flights in recent weeks.
Trial of former Tesco directors kicks off
Three former Tesco directors appeared together at Southwark crown court in London on Friday on charges that suggest the supermarket giant's 'generals' had pressured staff members into massaging profits in order to mislead the stock market.
Glencore eyeing Chevron's South Africa assets - report
Glencore is chewing over a potential bid for some of Chevron's South African assets, according to reports on Friday afternoon.
Success sees Mkango extend R&D project with Metalysis
Mkango Resources announced on Friday that it has commenced Phase II of its research and development programme with Metalysis, and has raised £0. 5m at 3. 5p per share in a placing.
Tricorn Group wins seven year deal for new electric London taxi
Tube manipulation specialist Tricorn Group announced on Friday that its UK operation, Maxpower Automotive, has secured a long-term supply agreement with the London Electric Vehicle Company - formerly the London Taxi Company.
Edenville completes construction of Rukwa Coal wash plant
Edenville Energy announced on Friday that construction of the wash plant at its Rukwa Coal Project site has now been completed.
Obtala upbeat about future of timber pricing
Sustainable agriculture and forestry firm Obtala posted its third quarter business update on Friday, confirming it was in discussion with “several parties” to provide tranches of $25m in trade finance to support growth in its timber trading division profits, with one letter of intent signed to date.
Reach4entertainment appoints Marcu Yeoman as interim chairman
AIM-listed media and entertainment marketing company Reach4entertainment has appointed non-executive director Marcus Yeoman as interim chairman with effect from 1 October.
Sirius Minerals says Yorkshire fertiliser mine 'on time and on budget'
Sirius Minerals remains on time and on budget as it develops its massive Woodsmith polyhalite fertiliser mine under the Yorkshire Moors.
Iomart trades in line, signals interim dividend
Cloud computing company Iomart Group issued its trading statement for the six months 30 September on Friday, ahead of the announcement of its half yearly results.
Firestone Diamonds completes diamond sales amid tough market
Diamond company Firestone Diamonds announced the results of its latest diamond sales on Friday, held in July and September in Antwerp, and provided a further update on the process of revising the life of mine plan for its Liqhobong Diamond Mine, as initially announced on 8 August.
Aviation authority imposes deadline on Ryanair over compensation rules
Britain's Civil Aviation Authority has told low-cost carrier Ryanair that it would have to reimburse approximately 700,000 ticket holders from the company's own pockets by 1700 BST on Friday or risk "enforcement action. ".
3i Infra sees portfolio in lines with expectations
3i Infrastructure said its portfolio continued to perform in line with expectations as it reported first half income of £47. 5m.
A P Systems has made no approach, says RedstoneConnect
RedstoneConnect issued a statement to the market on Friday, noting an announcement issued on Thursday afternoon by A P Systems Holdings over an initial approach to the directors of RedstoneConnect about a possible offer for the company.
Blue Star makes progress with SatoshiPay proof-of-concept
Technology-focussed investment firm Blue Star Capital updated the market on SatoshiPay's proof of concept project with the IOTA Foundation on Thursday.
Tern investee Device Authority begins fundraising activity
Internet of things (IoT) investment company Tern announced on Friday that its investee company, Device Authority, began its fundraising activity with US Capital Partners on 28 September to raise new equity through a private placement offering.
Advertising market 'is improving', Barclays upgrades ITV but cuts WPP
Advertising is improving in the UK and media buyers are revising up their expectations for 2018, Barclays reported, leading to it upgrading ITV and lifting its share price target but downgrading WPP.
Purplebricks UK revenue to more than double in first half
AIM-listed hybrid estate agency Purplebricks said on Friday that UK revenue for the first half is expected to have more than doubled compared to the previous year following “strong” progress across the business since May.
Daily Mail sells admissions software business
Daily Mail & General Trust has sold the admissions software business of its education technology unit, Hobsons, to Campus Management for an undisclosed sum.