News And Announcements
Arc Minerals upbeat on maiden drill results from Cheyeza
Copper, cobalt and gold exploration and development company Arc Minerals announced the initial results from its maiden drill program at the Cheyeza target area in Zambia on Tuesday, reporting that it confirmed “significant” copper mineralisation at Cheyeza East.
CAP-XX settles with American capacitor firm following court action
CAP-XX announced on Tuesday that, following a court action, it has reached agreement with Cornell-Dubilier Electronics (CDE), whereby CDE would licence two of CAP-XX's patents on a non-exclusive basis.
Oracle Power and partners make payment to Pakistan regulator
Lignite mineral resource and mine mouth power plant developer Oracle Power advised the market that a collective payment of approximately $0. 05m had been submitted to the Private Power Infrastructure Board (PPIB) of the Pakistan Government on Tuesday.
AppScatter to offer Bango's 'Marketplace' to its developer clients
App management and data intelligence platform AppScatter Group has signed an agreement with mobile commerce company Bango to grow in-app revenues for its customers, using ‘Bango Marketplace’.
Ironveld begins strategic review over future of its assets
High-purity iron, vanadium and titanium project owner Ironveld has engaged finnCap to lead a review of strategic alternatives for its mining assets, it announced on Tuesday.
Gunsynd invests another $0.12m into Oyster Oil & Gas
Gunsynd has invested $0. 13m for 108 new ordinary shares in Oyster Oil & Gas, it announced on Tuesday, representing about 9. 75% of Oyster's enlarged issued share capital.
US proposes extra tariffs on EU goods over Airbus-Boeing spat
The US decided to add more goods from the European Union to a list of imports that could be hit with retaliatory tariffs as part of its long-running dispute with Airbus over alleged government subsidies.
Karro Group to buy Young's Seafood
Pork processor Karro Food Group has agreed to buy Young's Seafood for an undisclosed sum.
Neil Woodford's flagship equity income fund to remain suspended
Neil Woodford's £3. 7bn flagship equity income fund is set to remain closed until the next review deadline on 29 July.
Jupiter's European fund manager to set up own business
Jupiter Fund Management was under the cosh on Tuesday a day after it revealed that fund manager Alexander Darwall was leaving the company to set up his own business.
AB InBev to raise $9.8bn in world's largest IPO - reports
Brewing giant Anheuser-Busch InBev is looking to raise nearly $10bn by floating a minority stake in its Asia-Pacific business, in what would be the world’s largest initial public offering so far this year.
Trainline Q1 ticket sales rise 20% in first update since IPO
In its first trading update since its IPO last month, Trainline posted a 20% increase in first-quarter ticket sales on Tuesday, underpinned by the rollout of eTickets.
Sirius Minerals on track to complete $3.8bn funding solution
Sirius Minerals' $3. 8bn funding solution for stage 2 financing requirements looked set to be completed by the end of September following the successful completion of a $425m equity offering and a $400m convertible bond sale.
Office owner confirms restructuring of £45m debt pile
The owner of shoes chain Office, Truworths International, confirmed on Tuesday that it will restructure its £45m debt pile, possibly leading to the closure of 100 stores in the UK.
Hill & Smith appoints Hannah Nichols as new CFO
Infrastructure products supplier Hill & Smith has appointed BT Group veteran Hannah Nichols as its new chief financial officer with effect from 16 September.
Dialight warns on profits as it struggles through turnaround
Industrial LED lighting specialist Dialight updated the market on its trading on Thursday, reporting that underlying operating profit for the year ending 31 December was now expected to lie between £10m and £13m.
Independent Oil & Gas makes progress on Harvey well, core project
UK-focussed development and production company Independent Oil and Gas updated the market on the Harvey appraisal well and other key corporate activities on Tuesday, reporting that its preparations to drill Harvey with the Maersk Resilient jack-up rig were now “well-advanced”.
JKX reports initial results from second workover well at Koshekhablskoye
JKX Oil & Gas updated the market on the initial test results of Well 5 on the Koshekhablskoye field in Russia on Tuesday, reporting that it was producing 171,thousand cubic metres per day of gas and five barrels per day of condensate, or 1,022 barrels of oil equivalent per day.
Gambling firms to cough up £60m for addicts
The UK's biggest gambling firms have agreed to pay more towards treatment for problem gamblers in an attempt to avoid government intervention similar to that imposed on the tobacco industry.
BigDish keeping busy as it works on gradual expansion
Restaurant yield management platform operator BigDish updated the market on its operations on Tuesday, announcing that it was launching Brighton on its platform next week.