News And Announcements
Savannah Resources moves a step closer to Oman mining licences
Savannah Resources announced the issuance of letters of no objection from all eight ministries for both the Mahab 4 and Maqail South mining licence applications on Monday.
UK bookies surge as US Supreme Court overturns gambling ban
British bookmakers look set to tap into a gambling bonanza across the Atlantic after the Supreme Court gave permission for states to allow sports betting.
Xerox abandons $6.1bn sale to Fujifilm to team up with activist investors
Tech firm Xerox pulled out of its $6. 1bn sale to Japanese company Fujifilm in the last minute after activist investors Carl Icahn and Darwin Deason argued against the deal.
Indivior settles with Par over delayed generic Suboxone
Indivior has reached a settlement to resolve patent litigation it had filed over its Suboxone treatment for opioid addiction against Par Pharmaceutical.
Hostelworld appoints Gary Morrison as CEO as Mooney steps down
Feargal Mooney will step down as chief executive officer of hostel-focused online booking platform Hostelworld in June after 10 years in the role and will be replaced by Expedia executive Gary Morrison.
Sears rallies as it explores sale of Kenmore brand, other assets
Sears rallied on Monday after saying it is initiating a formal process to explore the sale of its Kenmore brand, home improvement products business and parts direct business.
Tern invests in surgical simulation firm FundamentalVR
Specialise ‘internet of things’ (IoT) investment company Tern has raised £0. 7m before expenses through an unconditional placing of 3,783,784 new ordinary shares, it announced on Monday.
Mirada board expresses sympathies after sudden death of chairman
Mirada’s board has confirmed the sudden death of the company's chairman Javier Casanueva on 12 May.
HSBC performs the world's first trade finance transaction using 'blockchain'
HSBC Holdings said on Monday it performed the world’s first trade finance deal using Corda, a single blockchain system.
Brave Bison launches advertising partnership with Unruly
AIM-listed social video company Brave Bison has launched an advertising partnership with video marketplace Unruly.
Harvest Minerals gets KPfertil registered as remineraliser in Brazil
Natural fertiliser producer Harvest Minerals has been informed by the Ministry of Agriculture (MAPA) in Brazil that its application to register KPfértil as a remineraliser has been conditionally approved, pending the submission of additional materials.
Petro Matad prepares for Snow Leopard 1 drilling
Mongolian oil explorer Petro Matad updated the market on its planned 2018 exploration drilling programme on Monday, confirming that environmental permitting for Snow Leopard 1 was now complete.
Circle Property agrees 15-year office lease for Birmingham's Somerset House
Specialist regional UK property investment, development and management company Circle Property has agreed a new 15-year lease with BE Offices at its recently-completed Somerset House redevelopment on Temple Street in Birmingham city centre, it announced on Monday.
Scottish Mortgage boosted by strong showing from Amazon, Tencent
FTSE 100-listed investment trust Scottish Mortgage lifted its net asset value 23. 6% to 443. 5p year on year, though its portfolio's earnings will be "insufficient" to keep its dividend equivalent flat.
Midwich says trading in line, confident over outlook
AIM-listed specialist audio visual and document solutions distributor Midwich said on Monday that trading was in line with its expectations.
Eckoh ends year on a high
Secure payment products and customer contact solutions provider Eckoh updated the market on its trading for the year ended 31 March on Monday, reporting that the year ended in line with market expectations, with growth in revenues, margin and profit.
Expansion-hungry Angling Direct lands bumper set of results
Specialist fishing tackle and equipment retailer Angling Direct issued its audited financial results for the 12 months to 31 January on Monday, reporting a 44% rise in group revenue to £30. 24m.
City Pub hails 'strong' recent trading, sales up 23%
AIM-listed City Pub said on Monday that recent trading was "strong", with sales up and the company on track to meet its expectations for the year as its estate of trading pubs grew to 36 from 33.
Cinven snaps up JLA from Hg
Hg announced the sale of JLA - a major UK player for critical assets solutions in the commercial laundry, catering, heating and fire safety markets - to Cinven on Monday.
Assurant's Tim Clancy to manage books at Park Group
Multi-retailer gift voucher and gift card provider Park Group has appointed Tim Clancy to succeed Martin Stewart as its group finance director, it announced on Monday.