News And Announcements
Army brought in to tackle illegal copper miners in DRC
The Democratic Republic of Congo has brought in the army after the death last month of more than 40 illegal miners at the Glencore-owned Kamoto copper and cobalt mine.
Thames Water to axe up to 650 jobs as it looks to cut costs
Thames Water has announced plans to axe up to 650 jobs as it looks to cut costs.
TomCo flags change to field test preparations at Holliday A
US-focussed oil shale exploration and development company TomCo Energy updated the market on its field test programme at the Holliday A Block in Utah on Thursday, reporting that the well casings for the test were now going to be on site towards the end of the week commencing 8 July.
Energean to gobble up Edison E&P in $750m acquisition
Mediterranean-focussed oil and gas producer Energean has entered into a conditional sale and purchase agreement to acquire Edison Exploration & Production from Edison S. p. A. , it announced on Thursday, for $750m.
Oncimmune partners with R-Pharm to take 'EarlyCDT Lung' to Russia
Immunodiagnostics company Oncimmune Holdings has signed an exclusive commercial partnership with R-Pharm to use its ‘EarlyCDT Lung’ product for the early detection of lung cancer in Russia and the member states of the Eurasian Customs Union, it announced on Thursday.
Cambria Africa subsidiaries sue Bankers Association of Zimbabwe for $100m
Cambria Africa announced on Thursday that Payserv Africa and Paynet Zimbabwe have instructed their legal practitioners in Zimbabwe, Titan Law, to commence legal action against the Bankers Association of Zimbabwe (BAZ) and related parties for anti-competitive practices.
CentralNic settles bond issue to help fund acquisitions
Internet domain name seller CentralNic Group announced on Thursday that the settlement of its €50m senior secured bond issue occurred on 3 July.
Mkango Resources granted new prospecting licence in Malawi
Mkango Resources has been granted a new exclusive prospecting licence, EPL0544/19, in the Mchinji district of central Malawi, it announced on Thursday.
Arc Minerals consultants 'fully endorse' exploration strategy
Arc Minerals reported on Thursday that a detailed review by its technical consultants, African Mining Consultants and Douglas Haynes Discovery, has “fully endorsed” its exploration strategy, as well as identified a large new target called West Lunga in the western part of its licences in Zambia.
WPP buys majority stake in Italian creative agency
Advertising giant WPP has bought a majority stake in Italian technology-driven creative agency, AQuest.
Competition watchdog launches legal action against Viagogo
The Competition and Markets Authority has started legal proceedings against Viagogo after it accused the secondary ticketing site of contempt of court.
C&C Group seeking FTSE listing as it hails 'transformational' year
Drinks maker C&C Group on Thursday reiterated its target to deliver double-digit earnings per share growth in 2020 as it announced plans to seek inclusion in the FTSE UK Index Series.
William Hill to close 700 betting shops; 4,500 jobs at risk
William Hill has confirmed plans to close 700 betting shops, putting 4,500 jobs at risk.
Dixons Carphone said to be cutting 141 jobs
Dixons Carphone is reportedly planning to axe more than 100 jobs across its central functions.
SkinBioTherapeutics shuffles leadership as it drives towards commercialisation
Skin health-focussed life sciences company SkinBioTherapeutics updated the market on its operations and announced some changes to its board and executive team on Thursday.
Predator upbeat on recent developments in Trinidad
Jersey-based Predator Oil & Gas Holdings updated the market on its progress onshore Trinidad on Thursday, reporting that the Environmental Management Authority (EMA) has issued a Certificate of Environmental Clearance (CEC) to Fram Exploration Trinidad.
AB Foods says Primark sales hit by poor May weather
Associated British Foods said group revenue rose 3% for the 40 weeks to June 22 at constant currency rates as it maintained its full year outlook, although unseasonable May weather held back sales at its Primark fashion chain.
Subdued domestic demand sees Eurozone retail sales slide
Retail sales eased across the Eurozone in May as consumers tightened their belts, official data showed on Thursday.
Seeing Machines makes several leadership changes as part of 'reset'
Computer vision technology company Seeing Machines announced a number of leadership changes on Thursday, confirming that its current fleet general manager and interim chief executive officer Paul McGlone has been appointed CEO on a permanent basis, with immediate effect.
IGas Energy announces plans for new site in Weald Basin
IGas Energy announced plans for a new site within its conventional portfolio on Thursday, and the drilling of up to two exploration and appraisal wells on PEDL 235 in the Weald Basin, which it 100% owns.