News And Announcements
Mayan Energy outlines plan for Zink Ranch
Oil and gas company Mayan Energy updated the market on its proposed low-cost development programme at the 1,520 net acre Zink Ranch Field in Oklahoma on Tuesday, in which it has a 100% working interest and a 75% net revenue interest.
Slingsby board still cautious after improvement in trading
Industrial and commercial equipment distributor HC Slingsby updated the market on its trading for the five months ended 31 May on Tuesday, as its investors gathered for its annual general meeting.
Gateley pleased with Hamer performance as it pays earn-out consideration
Commercial law and complementary professional services group Gateley Holdings announced on Tuesday that, in accordance with the acquisition agreement of Gateley Hamer - formerly Hamer Associates - a total earn out consideration of £0. 47m had been paid.
Europa signs on Addison to perform initial scoping study at Toral
Lead-zinc explorer Europa Metals has engaged the services of UK based Addison Mining Services, it announced on Tuesday, to begin an initial scoping study on its 100%-owned Toral lead, zinc and silver project in the Spanish province of Leon.
Rockhopper assets in Egypt making decent progress
Oil and gas company Rockhopper Exploration updated the market on its Egypt portfolio’s operations and corporate affairs on Tuesday, reporting that at Abu Sennan, where it has a 22% working interest, year-to-date average daily production had been maintained at around 4,000 boepd gross, or 880 boepd net to Rockhopper.
KPMG criticised by regulator for 'unacceptable' audit deterioration
The accountancy regulator has criticised KPMG for an "unacceptable deterioration" in the quality of audits that the firm carries out for large UK companies.
IAG target Norwegian Air has had many approaches, CEO says
Norwegian Air Shuttle has had takeover approaches from a number of potential bidders and is open to a deal on the right terms, the airline’s chief executive said.
US pharma bosses say UK's life sciences position under threat
US pharma businesses have warned the government that the UK’s dominant position in life sciences is threatened by Brexit and the NHS’s slow adoption of new medicines.
Strong US markets boost Ferguson profit
Plumbing and heating products distributor Ferguson, formerly Wolseley, posted a 17. 1% jump in third-quarter trading profit on Tuesday thanks to strong US residential markets.
Regulator blasts water companies for winter leak failings
Regulator Ofwat has criticized water providers Thames Water, South East Water, Southern Water and Severn Trent for their poor handling of water supplies during the ‘Beast from the East’ earlier this year.
Flybe full-year losses narrow
Flybe said on Tuesday that its pre-tax loss narrowed in the year to the end of March 2018 as revenue and passenger numbers rose.
Roche to acquire Nasdaq-listed Foundation Medicine
Roche announced on Tuesday that it has entered into a definitive merger agreement with Nasdaq-listed Foundation Medicine, for Roche to acquire the outstanding shares of Foundation’s common stock not already owned by Roche and its affiliates, at a price of $137 per share in cash.
Alliance Pharma buys Asia-Pacific rights to Nizoral dandruff shampoo
Speciality pharmaceutical company Alliance Pharma has agreed to acquire exclusive marketing rights to medical anti-dandruff shampoo brand Nizoral in the Asia-Pacific region from Johnson & Johnson subsidiary Janssen Pharmaceutica, it announced on Tuesday, for a total consideration of £60m.
FastForward pours $2m into ageing therapy firm Juvenescence
FastForward Innovations has subscribed $2m for an approximate 0. 8% equity interest in Juvenescence, a British Virgin Islands incorporated private company developing therapies to slow, halt and potentially reverse ageing, it announced on Tuesday.
Irish Continental gets new EUR 80m facility to help pay for new ferries
Irish Continental Group has concluded an additional financing facility with the European Investment Bank, it announced on Tuesday.
Footasylum tumbles as it warns on earnings
Shares in Footasylum nosedived after the footwear and apparel retailer reported a rise in full-year earnings but warned that earnings for this year would be hit by increased investment in its stores and website on what was turning out to be a bad day for retailers, with department store chain Debenhams warning on profit.
Telecom Plus profits edge up amid tough energy market
Telecom Plus reported a slight increase in annual profit as the utility company grappled with tough trading conditions in the energy market.
Syncona commits another £85m to Freeline
Healthcare investing company Syncona has committed £85m to Freeline in an £88. 4m Series B financing, it announced on Tuesday.
Online sales lift full-year profit at Bonmarche
AIM-listed value women’s fashion retailer Bonmarche posted a 38. 1% jump in full-year pre-tax profit on Tuesday even as revenue declined, as the online segment provided a boost in tough markets.
DS Smith plans £1bn rights issue to fund Spanish acquisition
DS Smith has launched a £1bn (€1. 15bn) rights issue to fund the €1. 7bn acquisition of smaller Spanish packaging rival Europac.