News And Announcements
Caledonia Mining files technical report on Maligreen
Caledonia Mining announced on Friday that it has filed a NI 43-101 technical report on the Maligreen project.
Power Metal completes phase one work at Athabasca Basin
Exploration company Power Metal Resources updated the market on uranium exploration at three of its seven wholly-owned interests surrounding the Athabasca Basin in northern Saskatchewan, Canada on Friday.
DD Goldstein files claim against SimiGon over court appeal
Simulation technology company SimiGon announced on Friday that, further to the court ruling in relation to the legal action filed by DD Goldstein Real Estates and Investment in June, DD Goldstein has filed a claim against it in connection with its appeal.
Stanley Gibbons to offer fractional ownership of world's priciest stamp
Stanley Gibbons announced on Friday that, in conjunction with its technology partner Showpiece Technologies, a company owned by Phoenix Asset Management Partners (PAMP), fractional ownership of the 1c-Black on Magenta stamp would be launching next week.
Co-op Bank reports third consecutive quarter of profits
Co-op Bank reported its third consecutive quarter of profits on Friday as its turnaround strategy bears fruit.
President Energy makes progress in several areas
President Energy updated the market on its oil and gas operations on Friday, reporting that the first in the sequence of new oil wells at the Dos Puntitas field of Argentina’s Salta province, well DP-2001, had spudded after being delayed due to logistical issues on the 1,950 kilometre journey to the well site.
Edenville continues to ramp-up production at Rukwa in October
Edenville Energy updated the market on its Rukwa Coal Project in southwest Tanzania on Friday, reporting the ongoing ramp-up of production and sales through October, towards a target output of 3,000 tonnes per month of washed coal later in the year.
Pfizer oral treatment against Covid-19 show 89% efficacy in preventing hospitalisations
Pfizer's new oral treatment against Covid-19 was found to significantly reduce the risk of hospitalisation or death.
Frazier Life Sciences becomes 'important' new Silence Therapeutics shareholder
Novel short interfering ribonucleic acid (siRNA) therapy developer Silence Therapeutics announced on Friday that healthcare-focussed investor Frazier Life Sciences Public Fund had purchased about $20m of its existing shares.
Urban Logistics spends £29m buying three properties
Specialist property investor Urban Logistics announced the acquisition of three assets in October on Friday, for total consideration of £29m at a blended net initial yield of 6. 7%.
Proton Motor Power gets order from DB Bahnbau
Fuel cell and electric hybrid technology company Proton Motor Power announced on Friday that, following the recent extension of the co-operation agreement with DB Bahnbau as announced on 20 July, it had received an order from DB Bahnbau for a ‘PM Frame’ fuel cell system, which is Proton’s modular fuel cell system for customised integration.
CMA partly clears Pennon's acquisition of Bristol Water
The Competition and Markets Authority said on Friday that it does not intend to further review Pennon Group's acquisition of Bristol Water Holdings under the Enterprise Act 2002, stating the deal would not lead to a lessening of competition, based on information currently available to it.
Mitie agrees to terms for refinancing of £120m in US private placement notes
Strategic outsourcing and energy services company Mitie has agreed to terms with Pricoa Private Capital and NYL Investors over the issuance of £120. 0m in US private placement notes.
IAG sees FY loss of €3bn, pins hopes on US reopening
British Airways owner IAG narrowed third quarter losses as more people started to travel with the lifting of Covid restrictions but warned of a €3bn annual loss.
HgCapital puts another £28.2m into legal tech firm Litera
HgCapital announced on Friday that its manager Hg was making an additional investment into legal technology company Litera.
Weir to buy Canada's Motion Metrics for up to £148m
Weir Group has agreed to buy Motion Metrics, a Canadian mining technology business, for up to £148m.
Airtel Africa gets approval in principle to operate service bank in Nigeria
Telecommunications group Airtel Africa said on Friday that its subsidiary, Smartcash, has been given approval in principle to operate a payment service bank business in Nigeria.
Morgan Advanced Materials set to end year at top end of guidance
Morgan Advanced Materials said in a trading update on Friday that sales for the first nine months of the year were 8. 9% higher on an organic constant-currency basis, compared to the same period last year.
Beazley sets aside $125m for natural disaster losses
Insurer Beazley on Friday reported higher-than-expected gross written premiums, driven by cyber & executive risk and its specialty lines divisions as it set aside $125m in natural disasters claims, including Hurricane Ida and the European floods.
4imprint on track to meet full-year expectations
4imprint said on Friday that it was on track to meet full-year expectations despite supply chain issues, amid a recovery in demand.