News And Announcements
UK retailers benefit from half term boost
Retail footfall picked up last month, industry data showed on Thursday, boosted by the October half term holiday.
Cairn Energy to seek $1.1bn tax refund from New Delhi
Cairn Energy has entered into undertakings with New Delhi that could see the Indian government return roughly $1. 06bn in taxes to the oil exploration outfit.
Fox Marble agrees joint venture with UAE flooring wholesaler
Kosovo and Balkans-focussed marble producer Fox Marble has signed a joint venture agreement with Al Bab Al Mumtaz Group in the United Arab Emirates, it announced on Wednesday.
Weak first half leads to lower full-year sales for Image Scan
Security and industrial x-ray and screening technology company Image Scan said in a trading update on Wednesday that its order bookings increased to £2. 8m for the financial year just finished, from £2. 4m in 2020.
Empire reports latest drilling results from Central Menzies
Resource exploration and development company Empire Metals announced the results of its recently-completed reverse circulation drilling programme at the Central Menzies Gold Project in Western Australia on Wednesday, over which it holds an option to acquire a 75% interest.
Rothermere family agrees to take DMGT private
Founder and controlling shareholder the Rothermere family has agreed to take Daily Mail publisher DMGT private for 1,263p a share.
Electric vehicles help drive sales at BMW
BMW Group beat analyst forecasts on Wednesday after strong sales of electric cars and higher prices helped offset the worst of the global semiconductor shortage.
RUA Vascular submits premarket notification to US FDA
Medical devices company RUA Life Sciences said on Wednesday that RUA Vascular has submitted a premarket notification, or ‘510k’, the US Food and Drug Administration (FDA), for a range of polymerically-sealed vascular grafts.
Zotefoams hails 'record' Q3 sales performance, shares surge
Zotefoams shares rallied on Wednesday after the cellular materials specialist hailed a record third-quarter sales performance.
CVS Health boosts guidance on strong third quarter
American chemist chain CVS Health revised its full-year guidance on Wednesday, following a jump in third-quarter earnings.
Mkango stake in HyProMag rises to 42pc
Mkango said on Wednesday that it was increasing its interest in HyProMag to 41. 6% from 25%, following the exercise of HyProMag’s its right to convert the £0. 2m convertible loan, which formed part of the £0. 5m financing package completed in January 2020, into shares.
Tekcapital raises £3m to pour into portfolio companies
Intellectual property investor Tekcapital has raised £3m, it announced on Wednesday, in a bid to “accelerate the growth” of its portfolio companies.
Issa Brothers set to take over US chain Sprint Foods
The Issa brothers are set to expand their United States footprint, it emerged on Wednesday, with their EG Group petrol station business said to be “close” to a deal to take over Sprint Food Stores.
Next Q3 sales up 17% but warns on 'diminishing' demand
Fashion retailer Next reported a 17% rise in full-price sales during the third quarter compared to pre-pandemic levels but warned that momentum would slow in the final three months due to diminishing pent-up demand and supply-chain constraints.
Lufthansa takes off to unexpected profit as cargo demand surges
German flag carrier Deutsche Lufthansa reported an unexpected return to profit driven by cargo demand and said it would be earnings positive in the fourth quarter.
Airtel Africa sells batch of towers in Madagascar to Helios
Airtel Africa announced the first closing of the sale of its telecommunications tower company in Madagascar to Helios Towers for almost $52m (£38. 17m) on Tuesday.
Greatland Gold identifies two targets on wholly-owned areas
Mining exploration and development company Greatland Gold has identified two priority targets that are analogous to the magnetic and gravity anomaly associated with the Havieron gold-copper deposit, it said on Wednesday.
Nightcap upgrades FY expectations, shares surge
Nightcap shares surged on Wednesday after it said full-year results will be "significantly ahead" of market expectations following strong trading.
CLS Holdings pleased with accelerating pace of recovery
CLS Holdings updated the market on its recent trading on Wednesday, reporting that as at 2 November, it had received 97% of contractual rents due for the current period, up from 95% at the same time last year.
Pets at Home announces CEO departure, ups FY profit expectations
Pets at Home announced the departure of its chief executive on Wednesday as it upgraded its full-year profit expectations.