News And Announcements
Black Friday helps boost UK retail sales
UK retail sales jumped last month, industry data showed on Tuesday, as consumers sought out Black Friday deals and got a head start on Christmas shopping.
KEFI shares surge as situation in Ethiopia improves
KEFI Gold and Copper issued a positive update on the security situation in Ethiopia on Monday, following the government’s launch of “major military offensives” in late November to drive rebel militias out of the states they had recently occupied.
Tesco faces empty shelves at Xmas as strike threat looms
Tesco warehouse workers and drivers are preparing to hold a series of strikes over pay which could result in shortages in stores across the country, their union said on Monday.
Poolbeg signs option deal for potential melioidosis vaccine
Clinical-stage infectious disease pharmaceutical company Poolbeg Pharma has signed an option agreement to licence ‘MelioVac’, a vaccine for melioidosis, with University College Dublin and its inventor Siobhán McClean, it announced on Monday, through the university’s intellectual property office NovaUCD.
Beowulf subsidiary agrees terms for Finland joint venture
Mineral explorer and developer Beowulf announced on Monday that its wholly-owned Finnish subsidiary Grafintec and Epsilon Advanced Materials, a subsidiary of Epsilon Carbon, have signed a joint venture heads of terms for the establishment of an anode materials production facility to be located in Finland.
Touchstone reports on first production test at Royston-1
Touchstone Exploration updated the market on results from the first production test at its Royston-1 exploration well on Monday, and provided data from the second test, both of which confirmed separate light oil discoveries.
Uber loses UK High Court bid over London business model
Ride-hailing company Uber has lost a High Court bid to have its business model ruled compatible with London’s transport operating laws.
Orders from Spectra Systems' new K-cup customer rolling in
Banknote authentication, brand protection and gaming security company Spectra Systems announced on Monday that its newest customer, using its optical materials in ‘K-cup’ single-serve coffee products for Keurig machines, had already placed three orders.
Versarien revenues rise as it continues to expand
Advanced engineering materials company Versarien reported group revenues from continuing operations of £3. 82m for its first half on Monday, up 41% year-on-year.
Hardide positive on outlook after tougher 2021
Surface coating technology company Hardide reported revenue of £3. 6m in its preliminary results on Monday, down from £4. 8m year-on-year, although its board described a “positive outlook” across the company’s target sectors.
Revenues rise, losses widen for Fusion Antibodies
Contract preclinical antibody research provider Fusion Antibodies reported revenues of £2. 4m in its first half on Monday, including a one-off milestone of £0. 15m, which was up from £1. 9m year-on-year.
Tavistock turns in solid first half after selling TWL
Financial services company Tavistock reported interim net assets of £49. 8m in its half-year accounts on Monday, up from £15m at the start of the period.
Great Western Mining says OMCO tailings 'thicker than expected'
Nevada-focussed gold, silver and copper developer Great Western Mining released results from an independent assay of tailings material at the OMCO Mine on Monday, reporting thicker tailings than had been anticipated.
UK construction output picks up as supply pressures ease
Construction output picked up in November, a closely-watched survey showed on Monday, as supply bottlenecks started to ease.
Fulham Shore outpacing expectations since lifting of Covid restrictions
Restaurant operator Fulham Shore reported a 103% improvement in first-half revenues on Monday, to £39. 5m, as trading since the lifting of Covid-19 restrictions continued to outpace its forecasts.
US media group Discovery said to be swooping in for BT Sport
US media group Discovery is reportedly in talks over a deal to partner with BT Sport, in a move that would hijack the British television network’s £600m sale to sports streaming service DAZN.
Amigo Loans customer committee puts weight behind resumption of lending
Amigo Loans announced on Monday that its independent customer committee (ICC) has confirmed its preference for the company’s “new business” scheme of arrangement, which would see the company resuming new lending and making a £97m initial cash contribution to its creditors.
Elliott Advisors eyeing up Taylor Wimpey - report
Activist investor Elliott Advisors has taken a small stake in UK housebuilder Taylor Wimpey, it was reported on Monday.
AG Barr takes 60% stake in porridge and oat milk brand MOMA
AG Barr said on Monday that it has taken a 60% stake in porridge and oat milk brand MOMA Foods.
Europe open: Shares rise as Omicron fears ease, oil prices up
European shares made a positive start at the opening on Monday after a bumpy ride last week and despite data showing a collapse in German factory orders in October.