News And Announcements
Hunting trades in line as rising oil prices aid US market
Hunting reported on Thursday that trading remained in line with expectations, with interim revenue and earnings expected to come in ahead of the same period last year after the increase in WTI oil price improved stability within the US market.
Blackberry on more secure footing as Cylance deal pays dividends
Blackberry has reiterated its full-year revenue guidance after the Canadian software company nearly halved its quarterly loss.
Tesco plans cashierless stores to compete with Amazon
The UK’s largest grocery chain Tesco is planning to introduce cashierless stores in the country in a move that would cut costs and make it the leader in self-checkout food retail.
Petrofac surges on reports of dropped SFO probe
Petrofac shares surged on Wednesday following reports that the Serious Fraud Office has abandoned a criminal investigation into three businessmen who were accused of paying brides in the energy industry.
Active Energy signs two lease agreements at Lumberton site
Biomass-focussed renewable energy company Active Energy has signed two lease agreements at its recently-acquired commercial plant in Lumberton, North Carolina, it announced on Wednesday.
Savannah Resources expands in Portugal by exercising Aldeia option
Savannah Resources announced on Wednesday that it was adding to its wholly-owned Mina do Barroso Lithium Project portfolio in northern Portugal, with the exercise of the Aldeia option to acquire the Aldeia Mining Lease application areas.
Petro Matad makes solid progress with planned drilling programme
Mongolia-focussed oil explorer Petro Matad updated the market on its progress towards its planned drilling programme in 2019, and its application for PSC extensions for Blocks IV and V on Wednesday.
Dillistone Group trading in line as it progresses restructure
Recruitment software and services supplier Dillistone Group told investors on Wednesday that its restructuring exercise was progressing “well”, with its expanded office space in Basingstoke said to now be fully functional.
Next 15 in line with expectations as acquisitions make 'strong' contribution
Digital communications company Next Fifteen Communications Group told shareholders on Wednesday that had started the year in line with the board’s expectations.
JP Morgan Irish arm hit with €1.6m fine
The Irish subsidiary of US banking giant JP Morgan Chase & Co has been fined nearly €2m for regulatory breaches.
Bonmarche makes U-turn on Philip Day bid after 'poor' Q1 trading
Bonmarche shares tanked on Wednesday after the womenswear retailer made a U-turn on its previous rejection of a bid from Philip Day's Spectre Holdings, following "poor" first-quarter trading.
BCA Marketplace posts rise in profit as TDR Capital confirms £1.9bn offer
Private equity firm TDR Capital confirmed on Wednesday that it has made a £1. 9bn offer for car auctioneer BCA Marketplace, as the WeBuyAnyCar. com owner posted a jump in full-year revenue and profit.
Volex to buy Hong Kong-based Ta Hsing for up to $5.5m
Volex, a provider of cable assemblies and power cords, has agreed to buy Hong Kong-based Ta Hsing for up to $5. 5m in cash.
Ryanair changes share buyback to ensure EU ownership
Ryanair has tweaked the terms of a €700m share buyback programme to ensure it remains majority-owned by European Union investors in the event of a no-deal Brexit.
Helical secures Incubeta as latest tenant of Old Street scheme
London-focussed property developer Helical has secured multinational marketing group Incubeta as its latest occupier at its Old Street scheme ‘The Tower’, EC1, it announced on Wednesday.
ValiRx gets US patent protection for use of VAL201 peptide
Clinical stage biotechnology company ValiRx announced on Wednesday that the US Patent and Trademark Office (USPTO) has allowed patent claims directed towards a method of preventing the worsening of symptoms of metastatic cancer, reducing the progression of metastatic cancer, or treating metastatic cancer - including prostate cancer - by administration of the ‘VAL201’ peptide.
IQ-AI raises £0.25m to accelerate development of imaging biometrics projects
IQ-AI announced on Wednesday that, following “strong demand” from existing and new shareholders, it has raised £0. 25m through the placing of 7,142,857 new ordinary shares at a price of 3. 5p each.
Acquisition-hungry Sumo Group trading in line with expectations
Video games and entertainment development company Sumo Group told shareholders that it was continuing to create “strong demand” for its services on Wednesday, as they gathered for the annual general meeting.
Cora Gold upbeat on latest test results from Sanankoro
West Africa-focussed gold exploration company Cora Gold announced on Wednesday that the gravity and cyanide metallurgical testwork programme conducted by Wardell Armstrong International at the Sanankoro Gold Project had been completed, with “highly positive” results returned.
Baron Oil busy following £0.44m fundraising
Baron Oil updated shareholders on its operations on Wednesday, following the raising of a gross £0. 44m through a placing and subscription earlier in the month.