News And Announcements
Power Metal granted final licence for Wallal Project
Exploration company Power Metal Resources updated the market on the Wallal Project in the Paterson region of Western Australia on Friday, where it was targeting major gold-copper discoveries.
Condor Gold raises £4.1m to complete La India feasibility study
Condor Gold said on Friday that it had raised £4. 1m to complete a feasibility study over its wholly-owned La India Project.
SysGroup flags fall in first-half revenue
Managed information technology and cloud service provider SysGroup said in a trading update on Friday that it expected to report first half revenue of £7. 58m, 15. 8% lower year-on-year.
Losses widen for Time Out as it takes stock of pandemic shutdowns
Leisure publisher and hospitality operator Time Out Group reported a decline in gross revenue to £44. 9m in its final results on Friday, from £77. 1m in the comparative period, while its net revenue slid to £37. 8m from £63. 3m.
Newly-renamed Tintra reports improves first-half turnover
Lottery management, financial services, and five-a-side soccer venue investor Tintra reported an 8% improvement in turnover in its half-year results on Friday, to £0. 6m.
Great Western Mining reports 'extensive work' on projects
Nevada-focussed gold, silver and copper explorer and developer Great Western Mining updated the market on its activities on Friday, reporting that during 2021, extensive work had been undertaken on proposed processing projects both in the field and through desktop studies, based on data and material from both Mineral Jackpot and the OMCO Mine.
SkinBioTherapeutics commercially launches psoriasis supplement
Skin health-focussed life sciences company SkinBioTherapeutics announced the commercial launch of ‘AxisBiotix-Ps’ on Friday, which it described as a probiotic food supplement to help alleviate the symptoms of psoriasis.
Chaarat production and throughput on back foot in third quarter
Armenia and Kyrgyz Republic-focussed gold miner Chaarat updated the market on production from the Kapan Mine in the third quarter on Thursday, reporting that, following a “strong” first half, July was impacted by lower grades and fleet availability.
Huawei revenues fall 32% as US sanctions bite
Chinese telecom giant Huawei on Friday reported a 32% fall in the first nine months of the year as US sanctions continued to hit smartphone sales.
CMA to investigate CD&R's Morrisons takeover
The Competition and Markets Authority said on Friday that it is investigating US private equity firm Clayton, Dubilier & Rice’s £7bn takeover of supermarket chain Morrisons.
NatWest Q3 profit soars despite £294m provision for money laundering fine
NatWest Bank reported better-than-expected third quarter profits as it released cash set aside to cover bad loans during the Covid crisis and despite a charge of almost £300m to cover a fine for money laundering.
Premier Foods launches new ESG strategy
British food manufacturer Premier Foods said on Friday that it will be launching a new environment, social and governance strategy, with the group making a series of major sustainability commitments.
Wizz Air sacks chief supply officer for undisclosed trading
Wizz Air confirmed the sacking of its chief supply officer Andras Sebok on Friday, after he made 114 transactions in the company’s shares without disclosure between April 2019 and November 2020.
Naked Wines surges as hedge fund manager calls it 'Netflix of wines'
Naked Wines surged on Friday after Light Street Capital founder Glen Kacher said it was a top pick and referred to the business as the "Netflix of wines".
Lamprell raises $30.1m following 'significant growth and recovery' in addressable markets
Construction and fabrication firm Lamprell said on Friday that it had raised $30. 1m by way of an accelerated bookbuild in order to address near-term working capital needs, strengthen its balance sheet and take advantage of "significant accessible opportunities" available in its addressable markets.
Plus500 to continue current share buyback programme
Fintech group Plus500 approved the continuation of its current share buyback programme on Friday, with the company now looking to acquire an additional $12. 6m of its issued share capital.
Hilton Food Group buys foodservice meat supplier Fairfax
Hilton Food Group has acquired UK foodservice meat supplier Fairfax Meadow Europe from Argent Holdings, it announced on Friday, for £23. 8m.
ConvaTec sees organic revenue growth at upper end of guidance
Medical products company ConvaTec said on Friday that full-year organic revenue growth is set to be towards the upper end of its guidance range after an in-line third-quarter performance, which saw sales slow from the second quarter.
Glencore lifts annual trading unit guidance
Mining giant Glencore on Friday said it expected annual earnings to beat the top end of guidance and maintained production forecasts.