News And Announcements
Smith & Nephew replaces guidance after weak quarter for hips
Smith & Nephew replaced its full year revenue guidance after a weak first quarter for hip replacements and wound-care, especially in the US and other emerging markets.
Dalata Hotels trading slightly ahead after first quarter
Investors in Ireland-focussed hotel operator Dalata Hotel Group were told how trading in the first four months of 2018 had been slightly ahead of the board’s expectations on Thursday.
Origo investee firm stripped of Mongolian mining licence
Origo Partners announced on Thursday that the Mongol Resource Corporation, a subsidiary of its investee company Moly World, has received a notification from the Mineral Resource Authority for Mongolia purporting to cancel the mining licence issued to MRC nine months ago.
Van Elle weathers tougher second half, appoints Balfour's Cutler as next CEO
Geotechnical contractor Van Elle updated the market on its trading for the year ended 30 April on Thursday, reporting that following a good overall performance in the first half, adverse weather contributed to more challenging market conditions since January.
Johnson Service Group trading strongly as chairman Moody steps down
Shareholders in textile services provider Johnson Service Group were told of strong trading at its annual general meeting on Thursday.
Standard Life and Phoenix report progress towards insurance deal
Standard Life Aberdeen and Phoenix said they were making progress with the proposed sale of Standard Life's insurance business to Phoenix.
Caledonian Trust sells Edinburgh house to boost working capital
Caledonian Trust confirmed on Thursday that the sale of 43B Brunstane Road South in Edinburgh completed on 27 April.
ECR Minerals completes drilling at Bung Bong
ECR Minerals announced on Thursday that drilling has been completed at the Bung Bong gold prospect in Central Victoria, Australia.
Armadale Capital kicks off feasibility study at Mahenge Liandu
Natural resources-focussed investment company Armadale Capital announced the start of a feasibility study on the Mahenge Liandu Graphite Project in Tanzania on Thursday, ahead of an anticipated decision to mine in early 2019.
Richard Branson to become private equity fund partner
Richard Branson is making his first move into private equity as a partner by seeking €500m (£440m) from institutional investors to buy into consumer businesses.
BAE invests in Prismatic's solar powered UAV project
A new solar electric unmanned aerial vehicle with the potential to fly for as long as a year before requiring any kind of maintenance has come a step closer to reality following an agreement between BAE Systems and Prismatic.
MPs intervene in Sainsbury's-Asda deal
The chairs of two parliamentary committees have intervened in Sainsbury’s £7. 3bn takeover of Asda by asking the competition regulator to supply details of its investigation into the deal.
Hikma's US subsidiary launches cancer drug
Hikma Pharmaceuticals' US subsidiary West-Ward Pharmaceuticals has launched Methotrexate for injection in two doses for the treatment of various cancers.
Elektron shares move lower after firm swings to profit
Elektron Technology shares were in the red on Thursday morning, after it announced its final audited results for the year ended 31 January , reporting an uptick in net cash at year end to £5. 2m from £1. 0m.
Highlands stock moves higher as it spuds fifth East Denver well
Highlands Natural Resources has spud its fifth well at the East Denver Niobrara shale oil and gas project, it announced on Thursday.
Apax Global Alpha shares fall on disappointing first quarter
Apax Global Alpha shares were well into the red on Thursday morning, after its quarterly results for the period ended 31 March revealed total net asset value Return was -0. 7%.
Trinity Mirror confident Express and Star deal raises no issues
Trinity Mirror said it was confident its purchase of the Express and Star newspapers did not harm competition or media plurality after the government ordered regulators to examine the deal.
Midatech knows no reason for Wednesday's share price surge
AIM-listed specialty pharmaceutical group Midatech said on Thursday that it knows no reason for the jump in its share price a day earlier.
Wizz Air granted UK licence as Brexit contingencies take off
Hungarian low-cost airline Wizz Air has been granted an Air Operator's Certificate and an Operating Licence by Britain's Civil Aviation Authority for its Luton-based subsidiary.
Bgeo Group slurps up stake in major Georgian winemaker
BGEO Group's investment business has up a 60% controlling stake in a Georgian wines and spirits producer for $7. 25m cash as it looks to build up 100s more hectares of vineyards by 2020.