News And Announcements
IPO buffet: Western companies keep public offerings market buoyant
Recent market volatility is putting a damper on hopes that the market for new listings might be set to thaw, after the likes of O2, Aston Martin, Spotify and Dropbox all recently announced their intention to float in 2018.
Credit Suisse reiterates 'outperform' rating on William Hill
Analysts at Credit Suisse took a look at William Hill on Tuesday, reiterating both their 'outperform' rating and target price of 380p on the bookmaker's shares.
Peer-to-peer funding network the next step for 1pm
Specialist, non-bank provider of SME finance facilities 1pm announced on Tuesday that it has entered into a cooperation agreement with AS Mintos Marketplace to be a loan originator on its online marketplace for loans.
John Lewis of Hungerford board treading carefully amid uncertain conditions
Investors in manufacturer, designer and retailer of fitted kitchens, kitchen furniture and bedroom furniture John Lewis of Hungerford - not related to the national retail partnership of the same name - were told that the company was still proceeding cautiously amid uncertain trading conditions at its annual general meeting in London on Tuesday.
Kibo Mining to raise £750k in placing
AIM-listed Kibo Mining said on Tuesday that it has received commitments to raise £750,000 before expenses through a placing of 17. 6m shares at 4. 25p each.
TomCo Energy gets permit extension at Holliday Block
TomCo Energy announced on Tuesday that the Utah Division of Oil, Gas and Mining has approved its exploration permit extension request.
Court win for Clear Leisure in ongoing Mediapolis saga
Clear Leisure updated the market on the ongoing legal wranglings surrounding its Mediapolis investment on Tuesday, confirming that the proposal of the receiver to Mediapolis as made to the Ivrea Court has now been approved by the court in the amount of €2,678,357.
Arc Minerals begins extensive soil sampling at Akyanga
Exploration and development company Arc Minerals announced the start of a comprehensive soil sampling programme on Tuesday, which it said was designed to test the potential mineralised zones between the 1. 57Moz Au Akyanga Deposit and the Akyanga East Prospect.
Dalata makes good progress as development plans progress
Ireland’s largest hotel operator Dalata Hotel Group announced its results for the year ended 31 December on Tuesday, reporting revenue growth of 19. 9% to €348. 5m.
AFH Financial completes Harrison White acquisition
AIM-listed financial planning-led wealth management firm, AFH Financial, has completed the acquisition of Hertfordshire-based Harrison White.
Ryanair to close Glasgow base
Ryanair has announced plans to close its one aircraft Glasgow International base from November.
GKN board points to growth as Melrose vultures continue to circle
Amid an ongoing war of words with Melrose over the latter’s takeover bid, GKN issued a set of results in line with its previous guidance on Tuesday and announced the aim of separating its aerospace and Driveline businesses into two listed companies via a demerger in the middle of 2019.
Dillistone's GatedTalent reaches new milestone
Recruitment software supplier Dillistone Group announced on Tuesday that its new GatedTalent business has reached a further landmark.
Crimson Tide investing in growth after decent year
Crimson Tide, the provider of ‘mpro5 smart mobility-as-a-service’, updated the market on its trading for the year ended 31 December on Tuesday.
Petrel Resources receives 10pc interest in Woodside licensing option
Petrel Resources announced the receipt, after government approval, of a 10% interest in Licensing Option 16/14 on Thursday, which is operated and currently held 100% by Woodside Energy.
Devro churns out flat profits as sausage casing volumes increase
Sausage casings producer Devro reported flat profits in 2017 but plans to churn out higher volumes in 2018.
Fresnillo profit edges up amid record silver production
Precious metals miner Fresnillo reported a small jump in full-year pre-tax profit on Tuesday amid record silver production, but warned that 2018 will be "challenging".
RBS reveals almost all top restructuring managers worked at GRG
Almost all senior employees at Royal Bank of Scotland’s current restructuring business worked at the bank’s notorious Global Restructuring Group before it was replaced, RBS has revealed to MPs.
Drax hikes dividend and unveils buyback as biomass power surges
Drax's underlying profits surged ahead last year and core earnings beat expectations, but the Yorkshire power station reported a swing into a statutory paper loss due to currency hedging.
Next operations director Michael Law to retire
Next said on Tuesday that group operations director, Michael Law, plans to retire in July after 23 years with the retailer.