News And Announcements
Wind farm developer Ørsted to prepare first major battery storage project
Denmark’s Ørsted, one of the largest wind farm developers in the UK, is preparing the charge up of the first major battery storage project, which will allow National Grid to manage grid stability during fluctuations.
BAE Systems could be left out of new European warplane project
France's Airbus and Germany's Dassault have teamed up to develop a new warplane to replace Eurofighter and Rafale jets, indicating Britain's BAE Systems may be left out of the programme.
Savannah pleased with progress at Mina do Barroso
Resource development company Savannah Resources announced further results from the ongoing reverse circulation drill programme at the Mina do Barroso lithium project in Portugal on Wednesday.
Malvern strikes deal with University of East London
Learning and skills development company Malvern International announced a partnership agreement with the University of East London (UEL) on Wednesday, which would see Malvern established as an embedded college within UEL, delivering pre-sessional foundation and English language courses for international students at both degree and masters levels.
Ncondezi receives updated information on 300MW project
Ncondezi Energy updated the market on its process to conclude a binding joint development agreement for its integrated 300MW power and coal mine project in Tete Mozambique on Wednesday, confirming that updated information for the engineering, procurement, and construction, and operations and maintenance proposals were received on the 23 April deadline.
Rurelec still constrained despite looming EDS insurance payout
Rurelec said on Wednesday that is has been informed that the management of Energia del Sur (EDS), which owns and operates the 136 MW Southern Patagonian CCGT power plant in Argentina, were expecting to sign an insurance settlement agreement accepting an accelerated insurance payment of $2. 5m regarding a loss of profit and material damage claim.
Sterling Energy narrows losses in first quarter
Sterling Energy issued its interim management statement and financial results for the first quarter ended 31 March on Wednesday, as trial line 2D processing remained ongoing at the Odewayne block in Somaliland.
Modern Water starts year 'strong', shareholders told
Investors in water and wastewater treatment technology firm Modern Water were told how the company had started 2018 “strongly” on Wednesday, as they gathered for the annual general meeting.
REA subsidiary to sell 95pc interest in PBJ palm oil plantations
REA Holdings announced on Wednesday that its subsidiary, PT REA Kaltim Plantations, has entered into a conditional agreement for the sale of its 95% interest in PBJ to Kuala Lumpur Kepong (KLK).
GSK quarterly earnings fall 48%
GlaxoSmithKline reported underlying sales growth across all three businesses in the first quarter but earnings down almost half as it takes full control of its consumer healthcare joint venture.
ValiRx granted crucial EU patent for VAL201
Clinical stage biotechnology company ValiRx announced on Wednesday that the European Union patent and trademark office has granted EU Patent Application 08717866. 1 - Anti-Androgen Peptides and Uses Thereof in Cancer Therapy - covering its lead therapeutic compound, VAL201, which was in clinical trials.
Intu concedes to ending Hammerson offer period
Shopping mall owner Intu Properties has bowed to the inevitable and admitted that it believes there is now "no realistic prospect" that its takeover will be approved by shareholders of larger suitor Hammerson, bringing the offer period to an end.
BAT faces currency 'headwind' in 2018
British American Tobacco said it faced a currency “headwind” this year that will hit profits.
Comcast contests Murdoch Sky bid with own all-cash offer
Comcast has finally waded into the fray for Sky, confirming its proposed £22bn all-cash acquisition offer for the broadcaster, in a direct challenge to 21st Century Fox Inc. 's.
Nichols Q1 revenues ahead of last year
AIM-listed soft drinks group Nichols said on Wednesday that revenue in the first quarter of 2018 is ahead of the previous year.
Countrywide first-quarter income drops amid weak London sales
Estate agency Countrywide posted a drop in first-quarter income on Wednesday on the back of weak London sales.
Feedback to focus on Indian market after agreement with GE Healthcare
Medical imaging technology company Feedback has secured a software licence and distribution agreement with General Electric Healthcare.
Crawshaw suffers 'disappointing' sales as high street takes toll
Rotherham-based butcher Crawshaw Group reported a "disappointing" year of sales on Wednesday as high street sales were impacted by consumer headwinds and inflationary pressures.
TSB 'up and running' after online meltdown, regulators turn to Spanish owners
TSB’s internet banking platform is back online on Wednesday after suffering a meltdown in the past few days that prevented users from logging into their accounts and allowed some to see other people’s banking information.
Lloyds' strong start to 2018 helped by falling PPI bill
Lloyds Banking Group said it made a strong start to 2018 as a lower PPI bill helped it post a 23% increase in profit for the first quarter.