News And Announcements
Vedanta Resources & Konkola Copper Mine lose appeal against English Court
FTSE 250 firm Vedanta Resources posted an announcement on Friday informing that the English Court of Appeal had dismissed it and Konkola Copper Mine's (KCM) appeal against the English court, concerning the court's jurisdiction to hear and adjudicate claims by Zambian residents regarding KCM's operations in Zambia.
IAG eyes empty slots left by Monarch
Chief executive Willie Walsh said on Friday that IAG had been eyeing off slots left empty at Gatwick Airport as a result of Monarch's collapse earlier on 2 October, which came shortly after Alitalia and Air Berlin had also entered administration, reducing capacity in the highly competitive European airline sector.
Oxford BioDynamics says study proves EpiSwitch utility
Biotechnology company Oxford BioDynamics announced on Friday that it has presented a poster at the Diabetes Asia 2017 conference in Kuala Lumpur.
Redx administrators make moves to return company to directors
Drug discovery and development company Redx looked to be closer to coming out of administration on Friday, as it announced that Jason Baker and Miles Needham of FRP Advisory LLP - joint administrators of the company and of its subsidiary Redx Oncology - have applied to the High Court for an order which will enable the companies to be rescued as going concerns and the joint administrators to vacate office.
Herencia Resources shifts self-imposed results deadline
Herencia Resources confirmed its shares would continued to be suspended on Friday, as it missed its self-imposed deadline to issue its interim results.
Pittards to take £1m hit from Ethiopia currency devaluation
Technically-advanced leather producer Pittards noted on Friday that the Ethiopian government has devalued its currency by 15% as of Wednesday.
NAHL Group establishes second alternative business structure
Legal services consumer marketing business NAHL Group announced on Friday that it has established its second alternative business structure (ABS), this time in partnership with full-service national legal practice Lyons Davidson.
Treasury select committee demands FCA reveal findings of RBS-GRG report
Nicky Morgan, chairperson of the Treasury select committee warned the Financial Conduct Authority (FCA) that it would invoke rarely-used powers to compel the regulator into disclosing the details of its report on the Royal Bank of Scotland's treatment of customers.
Bluejay begins feasibility study at newly-renamed Dundas project
Greenland and Finland-focussed Bluejay Mining announced on Friday that its feasibility study has commenced at the Dundas Ilmenite Project - previously referred to as the Pituffik Titanium Project.
Provident Financial stems losses from home credit business
Provident Financial has begun to staunch the blood flow at its doorstep lending business after two profit warnings earlier this year, though analysts were divided as to whether the non-standard lender is out of the woods yet.
GKN warns external claims will weigh on full-year profits
Engineer GKN warned full-year profits before tax will be only slightly ahead of their 2016 level as a result of two significant "commercially sensitive" external claims and continuing headwinds at GKN Aerospace North America, with the latter expected to drag on the group's trading margin.
Samsung Electronics chief resigns amid 'unprecedented crisis'
Kwon Oh-hyun, one of the chief executives of Samsung Electronics, has resigned due to an “unprecedented crisis”, on the same day the technology giant flagged record quarterly profits.
Ryanair to take Lufthansa-Air Berlin deal to EU court
Irish budget airline Ryanair is planning to challenge Lufthansa’s deal to buy part of another German carrier, Air Berlin.
Emerging markets performance pushes Ashmore higher in first quarter
Ashmore Group updated the market on its assets under management for the first quarter on Friday, confirming the figure increased $6. 3bn during the period, including positive investment performance of $2. 3bn and net inflows of $4. 3bn.
Man Group reports another quarter of solid FUM growth
Man Group reported solid growth in its funds under management on Friday, with the total standing at $103. 5bn as at 30 September compared to $95. 9bn on 30 June, and the board claiming rises of 28% in the year to date.
Aviva to sell out of Taiwan joint venture
Aviva has agreed to sell its entire 49% shareholding in its joint venture in Taiwan, First Aviva Life, to its joint venture partner First Financial Holding Company, it announced on Friday.
US close: Markets finish softer as bank stocks fall flat
Wall Street finished on a downbeat note on Thursday, as traders took some money off the table following the latest earnings updates out of Citigroup and JPMorgan and somewhat dovish remarks by a trio of top Fed officials.