News And Announcements
Octagonal 'extremely pleased' as it reports record revenue and profits
Octagonal updated the market on its trading on Friday, based on the unaudited interim figures for the six months to 30 September for its wholly-owned subsidiary, Global Investment Strategy UK, saying it was “extremely pleased” with the record revenues and profits achieved.
Marlowe trading in line as acquisitions integrate 'well'
Support services group Marlowe updated the market on its trading for the six months to 30 September on Friday, saying trading in the first six months of the financial year was in line with board expectations.
Ncondezi agrees non-binding development offer with CMEC and GE
Ncondezi Energy announced on Friday that it has agreed - in principle - to the terms of a non-binding offer with China Machinery Engineering Corporation and General Electric South Africa to enter into exclusive negotiations to develop, construct and operate the integrated Ncondezi 300MW coal-fired power project and open pit coal mine in Tete, Mozambique.
Gulf Keystone production, exports not impacted by fighting
Gulf Keystone Petroleum, an independent operator and producer in the Kurdistan Region of Iraq, confirmed on Friday that operations continued safely and securely despite political instability in the surrounding region, with average production of 34,525 barrels of oil equivalent per day from the Shaikan oil field since the start of October.
Bacanora clears regulatory hurdle at Sonora lithium project
Lithium exploration and development company Bacanora Minerals announced on Friday that the environmental impact statement - the ‘manifestacion de impacto ambiental’ (MIA) - for its flagship Sonora Project in Mexico has been approved by SEMARNAT, the Environment Ministry of Mexico.
Elektron Technology completes sale of Sheen Instruments
Elektron Technology confirmed it has completed the sale of its wholly-owned subsidiary Sheen Instruments on Friday, to Industrial Physics.
DX Group narrows loss after tough year
DX Group reported preliminary results for the year on Friday, with revenue rising to £291. 9m from £287. 9m a year earlier, although EBITDA fell to £7. 2m from £18m.
EServGlobal raises £24m to push forward HomeSend joint venture
EServGlobal announced the successful completion of the institutional component of its 1-for-3 non-renounceable entitlement offer on Friday, which it first announced on Wednesday, alongside a firm placing to institutional investors.
Assura subsidiary issues £150m of privately-placed notes, increases debt facilities
Assura’s wholly-owned subsidiary, Assura Financing Limited, has issued £150m of privately placed notes and increased its debt facilities.
Renishaw Q1 profit and revenue rise on Far East orders
FSTE 250 engineer Renishaw reported a rise in first-quarter profit and revenue on Friday thanks in part to a number of large orders from Far East customers in the consumer electronics markets.
Property Franchise says Belvoir offer 'significantly' undervalues the group
The Property Franchise Group outlined the reasons for its rejection of a merger offer from Belvoir Lettings on Friday, saying it “significantly undervalues” the group.
PowerHouse puts gasification system through 36-hour demonstration
Ultra-high temperature waste-to-energy and waste-to-hydrogen systems developer PowerHouse Energy Group has confirmed the successful demonstration of its G3-UHT gasification system to investors, potential business partners and media on two recent open days at the Thornton Science Park near Chester.
Velocys picks Mississippi site for first US biorefinery
Renewable fuels company Velocys announced on Friday that it has signed a site option agreement with Adams County in the State of Mississippi for its first US biorefinery, to be located in Natchez, Mississippi.
Armadale Capital agrees £0.4m facility for graphite project progression
Natural resources-focussed investment company Armadale Capital announced on Friday that the company has agreed a financing facility with a consortium of “high net worth individuals” to provide up to £0. 4m in support of the continued development of the Mahenge Liandu Graphite Project in Tanzania, and the completion of a feasibility study in the first half of 2018.
Henry Boot signals bumper year given fast rate of completions
Henry Boot updated the market on its current trading on Friday, saying that it continued to be “very strong” across all business segments - in particular within property development and land promotion.
Interserve wins five-year facilities management contract with DWP
Interserve has won a major facilities management contract with the UK government, as chatter about a possible bid for the troubled company grew louder after a succession of profit warnings this year.
IHG boasts good growth as development pipeline surges
InterContinental Hotels Group reported a “good” third quarter on Friday, with global comparable revenue per available room up 2. 3%, and ahead 2. 2% in the year-to-date through the third quarter.
Dechra Pharmaceuticals trading on track in first quarter
Dechra Pharmaceuticals got off to a solid start across the board, the specialist veterinary medicines group said ahead of its annual shareholder meeting on Friday.
Smiths Group agrees pension scheme deal with Canada Life
Engineer Smiths Group has agreed a deal to insure £207m of its pension scheme with insurer Canada Life under a buy-in bulk annuity agreement.
Acacia Mining cash dwindles as revenues hit by Tanzania export ban
A day after a deal was struck to try and resolve its exports and tax dispute with the Tanzanian government, Acacia Mining reported revenue down 40% for the third quarter and a much diminished cash balance.