News And Announcements
Vedanta poaches Venkat from AngloGold to be CEO
Vedanta Resources has poached AngloGold Ashanti boss Srinivasan Venkatakrishnan to be new chief executive of the FTSE 250 miner.
Goldman Sachs downgrades Vedanta as protests embroil smelter
Analysts at Goldman Sachs downgraded Vedanta Resources on Monday, citing concerns regarding the mining firm’s leverage and operational issues.
Avacta losses widen as R&D costs increase
Biotherapeutics developer Avacta Group released its unaudited interim results for the period ended 31 January on Monday, reporting half-year revenues of £1. 5m - up 16% year-on-year - comprising £0. 7m from Avacta Life Sciences and £0. 8m from Avacta Animal Health.
Fox Marble adds state-of-the-art machinery to Kosovo plant
Marble quarrying and finishing company Fox Marble announced on Monday that it has installed a new state-of-the-art computer numerical control (CNC) machine and a block vacuum pump machine in its processing factory in Pristine, Kosovo.
PCF retail deposits surpass £100m mark
Specialist bank PCF announced on Monday that the total value of deposits it has accepted from retail customers has surpassed the £100m mark.
President Energy gets to work at Puesto Flores
Upstream oil and gas company President Energy announced an accelerated programme of workovers and drilling activity at the Puesto Flores/Estancia Vieja Concession in Río Negro Province, Argentina on Monday.
Galliford Try confirms completion of rights issue
Galliford Try completed its right issue on Monday as management look to reinforce the balance sheet in order to invest in growth.
Tesla blames Model 3 production delay on 'excessive automation'
Tesla CEO Elon Musk told CBS the reason for the delays in producing the company's Model 3 vehicle was over reliance on robots.
Sir Martin Sorrell steps down from WPP after misconduct investigation
Sir Martin Sorrell has stepped down as chief executive officer of WPP with immediate effect, the advertising behemoth announced over the weekend.
Shire to sell oncology business to Servier for $2.4bn
Shire, for whom the boss of Japanese drug maker Takeda is reportedly readying a £35bn bid, has agreed to sell its oncology business to Servier for $2. 4bn in cash.
XLMedia buys bingo comparison site WhichBingo
AIM-listed XLMedia, a provider of digital performance marketing, has announced the acquisition of bingo comparison site WhichBingo. co. uk for an undisclosed sum.
Shanta Gold records profit for the first time
East Africa-focussed gold producer, developer and explorer Shanta Gold released its audited final results for the year ended 31 December on Monday, reporting revenue of $103. 4m, up from $107. 1m, at an average realised gold price of $1,263 per ounce, compared to $1,220 per oz in 2016.
Horse Hill progress leads Primorus portfolio in first quarter
Primorus Investments updated the market on its portfolio for the quarter ended 31 March on Monday, highlighting that Horse Hill Developments received final decision notices from Surrey County Council, discharging all of the pre-commencement conditions for the extended flow test of the HH-1 oil discovery, with site civil activities beginning.
Anglo Asian Mining celebrates bumper first quarter
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on production, sales and operations at its Gedabek gold, copper and silver mining and production contract area in the west of the country for the three months to 31 March on Monday, reporting a 26% increase in year-on-year gold equivalent ounce production.
Metal Tiger joint venture seeks approval for Botswana work
Strategic natural resource opportunities investor Metal Tiger updated the market on its 30-70 joint venture project with MOD Resources in Botswana’s Kalahari Copper Belt on Monday, reporting that an application has been lodged with the Botswana Department of Environmental Affairs for an environmental management plan for drilling within the 697 square kilometre T20 Dome complex.
Diageo announces £150m investment into Scottish whiskey tourism
British multinational beverages company Diageo will invest a total of £150m over the next three years into Scotland's whisky tourism industry.
First Property sees 2018 results in line with market expectations
AIM-listed property fund manager and investor First Property said on Monday that its full-year pre-tax profit for 2018 should be in line with market expectations.
Whitbread froths up as activist investor Elliott emerges
Shares in Whitbread have climbed on the expectation that two activist investors could force management to spin off its Costa Coffee chain from its Premier Inn business.
Wetherspoon's shuts down all social media
Pub chain JD Wetherspoon said it was closing down its Twitter, Facebook and Instagram accounts, following "bad publicity surrounding social media" in the wake of the Facebook privacy scandal and the increasing use of social media to 'troll' public figures such MPs.
Carr's sees full-year ahead of expectations after strong start to H2
Agriculture and engineering group Carr's surged on Monday as it posted a jump in first-half profit and said full-year results were likely to be "slightly ahead" of its previous expectations following a strong start to the second half.