News And Announcements
Rio Tinto no longer blacklisted by Norwegian wealth fund
Norway’s $1tn wealth fund has removed UK miner Rio Tinto and retailer Walmart from its blacklist, possibly paving the way for future investments in both companies.
Quilter said to consider sale of closed-book UK life insurance portfolio
Wealth manager Quilter is said to be considering a sale of its closed-book UK life insurance portfolio.
First Group repels attempt to replace six of its board members
First Group's repelled an attempt by activist investor Coast Capital to replace six of its board members.
Tekcapital's Guident gets autonomous vehicle sensor patent
Intellectual property investment company Tekcapital announced on Tuesday that its portfolio company Guident had exclusively licensed patent application ‘PCT US19 14 547’, entitled,‘visual sensor fusion and data sharing across connected vehicles for active safety’,from Michigan State University.
FireAngel trading 'slightly ahead' of budget
FireAngel Safety Technology Group investors heard on Tuesday how the board was “encouraged” by growth seen in first half sales, with “good progress” said to have been made in the sale of interconnected alarms, growing over 30% year-on-year and now accounting for 15% of total company sales.
Galantas Gold makes solid progress at Omagh gold mine
Galantas Gold Corporation reported accelerated progress in mine development at its Omagh gold mine in Northern Ireland on Tuesday.
IronRidge pleased with x-ray diffraction results from Cape Coast
Minerals exploration company IronRidge Resources announced on Tuesday that additional x-ray diffraction (XRD) analysis of metallurgical composites had reaffirmed spodumene as the dominant lithium mineral phase - one of several targets within the Cape Coast Lithium Portfolio in Ghana.
Armadale Capital makes good progress at Mahenge Liandu
Natural resources investment company Armadale Capital announced “exceptionally high-grade” assay results from its Mahenge Liandu Graphite Project in Tanzania on Tuesday, which it said validated the commercialisation plans it had in progress.
Verona Pharma strengthens clinical team ahead of next round of trials
Respiratory-focussed biopharmaceutical company Verona Pharma announced two senior appointments to its clinical team on Tuesday.
Passport printer De La Rue cuts 170 jobs at Gateshead plant
De La Rue has cut 170 jobs at its Gateshead factory after losing out on the government contract to print post-Brexit British passports.
Morses Club trading in line, credit issued down slightly
Doorstep lender Morses Club said on Tuesday that current trading remains in line with expectations, with customer numbers stable but credit issued down a touch on the year as customers borrow less frequently.
Monzo doubles valuation to £2bn at latest funding round
Digital bank Monzo saw its valuation double to nearly £2bn at its second round of funding which saw it raise £113m in fresh equity from investors led by US-based investment outfit Y Combinator.
Northgate profit rises as UK turnaround bears fruit
Vehicle hire company Northgate posted a jump in full-year profit and revenue on Tuesday as it said the turnaround programme in the UK was bearing fruit.
Strategic Minerals raises £0.9m ahead of Cornwall Resources transaction
Producing mineral company Strategic Minerals has raised £0. 89m before expenses by way of a placing and subscription of 63,571,425 new ordinary shares at a price of 1. 4p each, it announced on Tuesday.
Crane refutes Circor's claims, insists its offer is 'best option' for shareholders
US industrial products group Crane has hit back at Circor after the control technology company said its unsolicited $45 a share bid was "low value" and "opportunistic".
TomCo Energy gearing up for slightly delayed field test at Holliday A
Oil shale exploration and development company TomCo Energy updated the market on the field test programme at its Holliday A Block in Utah on Tuesday, announcing that the project was advancing well, with much of the preparatory work for the field test having now been completed.
LXI REIT makes several acquisitions following £200m equity issue
LXI REIT announced a number of acquisitions for a combined total of £135m on Tuesday, reflecting a weighted average net initial yield of 5. 7%, following the £200m equity issue it reported on 13 June.
Berkeley Energia begins six-hole drill programme in Spain
Berkeley Energia announced the start of its initial six hole drill programme to test for critical battery and electric vehicle (EV) metals across its large licence holding in Western Spain on Tuesday.
Diamond sales at Anglo's De Beers drop in fifth cycle
Anglo American said on Tuesday that the value of rough diamond sales at its De Beers unit fell in the fifth cycle of the year amid a difficult trading environment in China.
Mosman makes good progress following placing
Oil exploration, development and production company Mosman Oil and Gas updated the market on its operations on Tuesday, reporting that at Stanley, it had recently participated in the recompletion of the Stanley-1 well and the drilling of the Stanley-2 well.