News And Announcements
Jaguar to invest $18bn in manufacturing electric versions of all its models
Jaguar Land Rover is planning on investing $18bn on building electric vehicles in China in a move to step up its game in the fast-growing EV market.
Tesco's Booker rations sales of lager and cider amid CO2 shortage
Wholesaler Booker has begun to ration sales of beer, cider and pop because of a shortage of carbon dioxide gas used in carbonated drinks amid a spike in demand from the recent heatwave and England’s buoyant World Cup campaign.
Block Energy takes another 20pc chunk of West Rustavi licence
Georgia-focussed exploration and production company Block Energy announced the acquisition of an additional 20% interest in the “highly prospective” 36. 5 square kilometre West Rustavi licence in the country on Wednesday, increasing its working interest (WI) to 25%.
Huge surge in deal origination for 1pm
Alternative business finance provider 1pm updated the market on its “strong” trading on Wednesday, reporting deal origination for the year ended 31 May of more than £140m.
Velocity Composites secures extension with unnamed customer
Advanced composite material kit supplier Velocity Composites has secured an extension to a long-term agreement with an existing UK customer who supplies OEMs and Tier 1 aircraft manufacturers, it announced on Wednesday.
Nicky Morgan demands information on HBOS scandal reviews
The Treasury committee has demanded more information about reviews of the HBOS Reading scandal after the publication of a report criticising Lloyds Banking Group’s handling of the matter.
FCA raises fresh concerns about overdraft fees
The Financial Conduct Authority has raised fresh concerns about how overdraft fees pay for current accounts and suggested tougher action could be in store.
Atalaya pleased after 'year of stabilisation'
Investors in Atalaya Mining heard how 2017 was a year of “stabilisation and process improvements” at the Rio Tinto Project on Wednesday - a period that was also the first full year of commercial production for the company.
Sumo Group seeing 'strong demand' for services
Shareholders in Sumo Group were told how the company was continuing to see “strong demand” for the company’s services on Wednesday.
Walker Greenbank sees silver linings amid tough market
Investors in luxury interior furnishings group Walker Greenbank heard how trading in the financial year so far was still reflecting what the board called a “difficult” marketplace on Wednesday.
UK retailers' sales recovery continues as sales surge in June
Sales at larger UK retail chains have surged much higher than expected this month, providing more evidence of a recovery from the weather-affected first quarter.
Close Brothers appoints Mike Morgan as finance director
Merchant bank Close Brothers has appointed Mike Morgan as its group finance director, succeeding Jonathan Howell.
JZ Capital Partners NAV falls after large realisations
JZ Capital Partners released its interim management statement for the period 1 March to 31 May on Wednesday, reporting a net asset value of $819. 2m, down from $837. 6m at the start of the period.
Whitbread reports declining sales trends at Premier Inn and Costa
Whitbread said it expected annual results to meet expectations as the company reported declining like-for-like sales at its Premier Inn and Costa businesses in the first quarter.
Flow testing begins at Horse Hill, UKOG reports
UK Oil & Gas Investments announced on Wednesday that it has been informed by Horse Hill Developments, the operator of the Horse Hill-1, Kimmeridge Limestone 3, Kimmeridge Limestone 4 and Portland oil discovery, that planned flow testing operations of HH-1 had commenced.
Cluff Natural Resources raising £2m in placing and subscription
Cluff Natural Resources announced a placing and subscription of a total of 95,238,090 new ordinary shares on Wednesday, to raise a total of £2m.
Ground Rents Income Fund swings to loss in first half
Ground Rents Income Fund issued its unaudited half year results for the six months ended 31 March on Wednesday, reporting a portfolio value of £135. 1m - down slightly from £139. 1m six months earlier.
Legendary Investments pleased with progress at Dunraven
Legendary Investments updated the market on progress at Circle Oil Tunisia (COTL) on Wednesday, having converted its stake in its Kyrgyz gold asset to shares in COTL in late December, following which COTL was acquired by Dunraven Resources in a share swap.
John Lewis warns on profits, announces Waitrose closures
Another day, another profit warning from the retail sector as high street behemoth John Lewis said its half-year profits will be "close to zero" this year amid "market uncertainty", while profit for the full year will be "substantially" lower than the last.
Fastjet crashes after warning it could go bust
Fastjet shares crashed on Wednesday as the low-cost African airline said it runs the risk of going bust unless it manages to secure fresh funding from shareholders.