News And Announcements
Inmarsat suitor EchoStar walks away
Satellite company Inmarsat earlier this week rejected a 532p-per share takeover offer from US rival EchoStar Corporation, which said late on Friday that it had no intention to make an offer.
Stobart CFO quits ahead of crunch AGM vote
Infrastructure and support services group Stobart said chief financial officer Richard Laycock was quitting ahead of a crucial AGM vote on Friday to determine the company's future.
Over 22,000 minimum wage workers to receive back-pay
Close to 240 UK firms including the Odeon cinema chain, retailer Card Factory and 10 sports clubs have been named and shamed on Friday after they underpaid a record number of 22,400 minimum wage employees.
Range confirms start of reopening and workover at Perlak
Trinidad and Indonesia-focussed oil and gas company Range Resources updated the market on operations at the Perlak field in Indonesia on Friday, reiterating that the operator had commenced reopening and workover operations on selected wells.
Leeds Group agrees to terminate KMR joint venture
Leeds Group has reached an agreement to terminate the joint venture investment in Stoff-Ideen-KMR (KMR) between its German subsidiary, Hemmers/Itex Textil Import Export, and a Mr Maat.
Oakley Capital sells Damovo stake to Eli Global
Oakley Capital Investments announced on Friday that Oakley Capital Private Equity II has reached an agreement to sell its stake in European unified communications and collaboration company Damovo Group to Eli Global.
UK high street sales fall for fifth consecutive month - BDO
UK high street sales fell again in June to mark the fifth consecutive month of in-store declines as retailers axe job losses and close stores, according to research published on Friday.
China Grand affiliate makes offer to acquire Sinclair Pharma
China Grand Enterprises’ affiliate company Huadong Medicine have made an approach to acquire AIM-listed Sinclair Pharma.
Impax reports record high assets under management
Specialist investor Impax Asset Management Group updated the market on the development of its assets under discretionary and advisory management for the third quarter of its financial year on Friday.
Acacia Mining talks of 'resilience' as gold production falls
Acacia Mining issued its second quarter production results on Friday, reporting that group gold production fell 36% year-on-year to 133,778 ounces, primarily as a result of the move to reduced operations at Bulyanhulu, and to stockpile processing at Buzwagi.
Wilmington talks down board expectations amid disappointments
Information, education and networking service provider Wilmington updated the market on its trading for the full year ended 30 June on Friday, reporting that it expected full-year adjusted profit before tax to be “broadly in line” with market expectations.
FairFX on track for full-year after 'strong' first half
Multi-currency payments and banking service FairFX updated the market on its trading for the six months ended 30 June on Friday, reporting a “strong” first half of trading, with “substantial growth” and the launch of new products.
Well completion concludes at Hurricane Energy's Lancaster Field
UK based oil and gas company Hurricane Energy updated the market on its operations in relation to the early production system development of the Lancaster Field on Friday, reporting that well completion operations had concluded, and the Paul B. Loyd Jr. rig had departed from the field.
Echo Energy confirms mobilisation of rig to Argentina assets
Latin America-focussed upstream oil and gas company Echo Energy announced on Friday that mobilisation of the Quintana 01 testing and completion rig to the Fracción C, Fracción D and LLC assets was scheduled to begin next week.
Biogen and Eisai release positive 18-month data from Alzheimer's study
Biogen, alongside its partner Eisai, announced positive topline results from the Phase II study with BAN2401, an anti-amyloid beta protofibril antibody, in 856 patients with early Alzheimer's disease on Friday.
Vast Resources appoints top Zimbabwe mining figure to subsidiary board
Romania and Zimbabwe-focussed mining company Vast Resources announced the appointment of Mark Mabhudhu - a preeminent figure in the Zimbabwean diamond industry - to the board of its wholly-owned subsidiary Vast Resources Zimbabwe on Friday.
Essentra picks up Sweden's Hertila in £5m deal
Essentra has acquired 100% of the share capital of Nolato Hertila for a cash consideration of around SEK 58m (£4. 9m), subject to customary adjustments, it announced on Friday.
BCA Marketplace unrepentant as suitor Apax walks away
BCA Marketplace revealed on Friday that private equity group Apax had walked away after the car auction house and operator of WeBuyAnyCar. com rejected two takeover proposals.
Rolls-Royce to sell commercial marine business for £500m
Rolls-Royce on Friday said it was selling its commercial marine business to Norway's Kongsberg for an enterprise value of £500m and net proceeds of around £350m to £400m.