News And Announcements
Tullow Oil to pay $140m after losing court case
Tullow Oil expects to pay $140m (£106m) after a court ruled the oil and gas company was wrong to terminate a contract in Ghana in 2016.
Urban Logistics completes first of two LondonMetric portfolio acquisitions
Urban Logistics confirmed that it has completed the first of two portfolio acquisitions totalling £36m from LondonMetric on Tuesday.
Echo Energy begins drilling of final well at Fraccion D
Latin America-focussed upstream oil and gas company Echo Energy announced the start of drilling on the final well in the four-well back-to-back campaign at its Fracción D asset, onshore Argentina, on Tuesday.
Big Sofa order book surges in first half
Video analytics provider Big Sofa Technologies continued to build on the positive momentum it saw in 2017, investors heard on Tuesday, as its order book of work commissioned reached almost £1m in the first half of 2018.
Bango partners with US streaming service Pandora
Mobile commerce company Bango has partnered with Pandora - a US-based music streaming service - to power subscriptions through Pandora reseller partners.
GLI investee selling loan assets
Alternative finance sector investor GLI Finance announced on Tuesday that BMS Finance Ireland - a company in which GLI holds a 30. 3% interest - has entered into an agreement with BPC Ireland Lending Designated Activity Company (BPC), a fund managed by Beach Point Capital Ireland, to sell the entirety of its loan assets at book value.
Cohort profits edges up but revenue dips
Defence contractor Cohort reported a rise in full-year adjusted pre-tax profit on Tuesday even as revenue dipped as it said its overall results were in line with expectations.
Glencore tumbles 10% on DoJ subpoena over Nigeria, Congo dealings
Glencore has been subpoenaed by the US Department of Justice over compliance with the Foreign Corrupt Practices Act and US money laundering laws.
Microgen selling payments business to CJJ Investments
Microgen announced the disposal of its payments business - a “small, non-core component” of the Microgen Financial Systems division - to CJJ Investments on Tuesday.
Commerzbank offloading EMC business to Societe Generale
Commerzbank has reached an agreement to sell its Equity Markets & Commodities (EMC) business to Societe Generale, it announced on Tuesday.
Proteome Sciences enters into £1m loan facility with Vulpes
Proteome Sciences has entered into an unsecured £1m loan facility agreement with Vulpes Lifesciences Fund, it announced on Tuesday, to be used for working capital purposes,.
Ascent Resources extends INA gas sales agreement to May 2019
European oil and gas exploration and production company Ascent Resources reported on Tuesday that the gas sales agreement, under which untreated gas is sold to INA in Croatia, has been extended to 2 May 2019.
Morgan Stanley downgrades Playtech after profit warning
Morgan Stanley downgraded its stance on Playtech to 'equalweight' from 'overweight' on Tuesday and slashed the price target to 650p from 1,100p after the gambling software company's profit warning a day earlier on the back of weakness in Asia.
BoE monitors banks' capital buffers against looming risks
The Bank of England's financial policy committee has raised concerns about the adequacy of banks' protection against losses as risks loom in the economy.
Asos appoints former ITV boss Crozier as chairman elect
Asos has appointed Adam Crozier, former ITV and Royal Mail boss, which has led to speculation that this could spark the online retailer to move home from AIM up to the full list and a possible place in the FTSE 100.
Accountancy watchdog investigates KPMG's Conviviality audit
The accountancy regulator is investigating KPMG’s audit work for Conviviality, the drinks supplier that crashed into administration in April.
Grainger appoints David Prescott as strategy and corporate finance director
FTSE 250 residential landlord Grainger has appointed David Prescott as director of strategy and corporate finance.
International PPL revises terms of £400m debt facility
Infrastructure investment company International Public Partnerships has successfully revised the terms of its corporate debt facility, it announced on Tuesday, renewing the facility for a further three years to July 2021 to support its future pipeline.
Wizz Air load factors improve as it takes on four more aircraft
Wizz Air issued its passenger statistics for June on Tuesday, reporting a 20. 5% uptick in capacity over June last year to 3. 245 million seats.
Costain on track to meet full-year expectations
Infrastructure solutions company Costain said on Tuesday that it remains on track to deliver full-year results in line with its expectations following a solid first half.