News And Announcements
Dignity dives as CMA launches probe into £2bn funeral sector
The Competition and Markets Authority is launching a review into the £2bn funerals market, it announced on Friday, in a bid to ensure customers are not getting a bad deal.
Alfa Financial Software issues profit warning after client delays
Asset finance software developer Alfa Financial Software Holdings updated the market on Friday, warning shareholders that it was expecting a dip in both revenue and earnings as a result of client delays.
Hurricane Energy pleased with progress at Lancaster Field
Hydrocarbon fracking firm Hurricane Energy updated the market on its early production system development at the Lancaster Field on Friday, reporting that well re-entry and completion operations had now begun under the control of Petrofac Facilities Management, which is the well operator.
Velocity to supply kits for Boeing 737 MAX programme
Advanced composite material kit supplier Velocity Composites has reached a long-term agreement to secure the supply of complex design consumable kits for the Boeing 737 MAX programme, it announced on Friday.
Abbey house sales marginally ahead at year-end
Abbey updated the market on its trading on Friday, reporting that for the year ended 30 April it completed 606 house sales, consisting of 524 in the UK, 75 in Ireland, and seven in Czechia.
Landore losses widen as it continues development of Junior Lake
Landore Resources issued its annual report for the year ended 31 December on Friday, reporting a loss after tax of £3. 3m, widening from £1. 72m year-on-year.
Global Invacom elevates Malcolm Burrell to chief technology officer
Satellite communications equipment supplier Global Invacom has appointed Malcolm Burrell as its chief technology officer, it announced on Friday, with immediate effect.
Legal & General to offload stake in IndiaFirst Life Insurance
Legal & General Group has reached agreement in principle with an affiliate of Warburg Pincus to sell its stake in IndiaFirst Life Insurance Company for INR 710. 54 crores (£79m), it announced on Friday.
Westmount makes investment in Israel's Ratio Petroleum
Westmount Energy has made market purchases of 1,200,000 participating share units in Ratio Petroleum Energy, it announced on Friday, for an average price of ILS 0. 974 per unit, starting on 25 January and completing on 31 May.
Rurelec narrows losses as liquidity remains 'critical issue'
Latin America-focussed electricity utility Rurelec issued its audited results for the year ended 31 December on Friday, reporting that its operating loss more than halved to £3. 7m from £12. 8m year-on-year.
Ofgem launches probe into Telecom Plus' Utility Warehouse brand
Ofgem has launched an investigation into the way that Utility Warehouse manages its customers who are in debt, it announced on Friday.
Wentworth sells $2.7m of gas in Tanzania during May
East Africa-focussed oil and gas company Wentworth told shareholders that payments received during May for gas sales generated from the Mnazi Bay Concession in Tanzania totalled $2. 7m net to the company on Friday.
Actual Experience receives full-scale deployment order
Analytics-as-a-service company Actual Experience has received an order for the full-scale deployment of its analytic software within a “large enterprise customer” of one of its four channel partners, it announced on Friday.
i3 Energy losses widen as it focuses on Liberator development
Independent oil and gas company i3 Energy issued its audited results for the year ended 31 December on Friday, highlighting its successfully completion of a private placement raising £4. 2m through convertible loan notes.
ZPG completes sale of Hometrack Australia
ZPG has completed the sale of Hometrack Australia to REA Group for A$130m (£74m) in cash.
Rio Tinto ofloads Winchester South, larger deals still to come
Rio Tinto confirmed completion of the sale of its 75% share of the Winchester South coal development project in Queensland, Australia, for an up-front $150m cash.