News And Announcements
SDX Morocco campaign faces Covid-related delays
Middle East and North Africa-focussed SDX Energy said on Tuesday that, due to operational issues affecting the drilling of the KSR-19 well and Covid-19 border restrictions impacting the mobilisation of equipment and personnel into Morocco, the current two-well campaign was delayed.
Getech inks binding deal for Inverness hydrogen facility
Energy asset technology company Getech announced on Tuesday that its wholly-owned subsidiary H2 Green has signed a binding agreement with SGN Commercial Services to develop a major green hydrogen production, storage and distribution facility on SIGNs former gas holder site in Inverness.
Tekcapital portfolio subsidiary files for US IPO
Tekcapital announced on Tuesday that Innovative Eyewear, a United States subsidiary of its portfolio company Lucyd, has filed with the US Securities and Exchange Commission (SEC) for a proposed initial public offering.
Tesco averts another strike with Usdaw pay deal
Tesco has averted another potential strike in the middle of the busy pre-Christmas trading period, it was reported on Tuesday, as it reached a new pay agreement with the Usdaw trade union.
Derwent London agrees terms for acquisition of City Road Island
Derwent London said on Tuesday that it has been selected by the Moorfields Eye Hospital NHS Foundation Trust and UCL as their preferred bidder for the acquisition of the freehold of City Road Island, 162 City Road and 11-43 Bath Street EC1.
Rolls-Royce appoints Sarah Armstrong as chief people officer
Rolls-Royce said on Tuesday that Sarah Armstrong will take on the role of chief people officer with effect from 1 January 2022.
Strength in fuels and food offsets feeds weakness for NWF
Agricultural fuel, food and feed distributor NWF Group updated the market on its first half on Tuesday, reporting that trading in the latter part of the period was strong, with underlying trends in its markets consistent through the half-year.
Bradda Head launches second drilling campaign on rapid schedule
Lithium developer Bradda Head announced the start of exploration drilling at its Wikieup project in Arizona on Tuesday, confirming that drilling has started following it obtaining full drilling permits after bond payment adjudication on 9 December.
Aeorema expecting first-half profit for first time in years
Live events agency Aeorema Communications lifted its revenue and earnings expectations on Tuesday, indicating first-half profitability for the first time in several years, and announced the appointment of Hannah Luffman to its board as group commercial director.
Mkango starts final stage of pilot plant test work for Songwe
Mkango Resources announced the start of the final stage of hydrometallurgy pilot plant test work for the Songwe Hill Rare Earths project in Malawi on Tuesday.
Galantas Gold reports positive results from latest Omagh drilling
Galantas Gold announced results from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland on Tuesday, reporting that hole FR-DD-21-171 intersected 10. 1 grams of gold and 93. 5 grams of silver per tonne, and 3. 4% lead, over 6. 5 metres.
Elon Musk says Tesla to accept dogecoin
Tesla will experiment with taking payments in dogecoin, Chief Executive Elon Musk said on Tuesday.
PureGym raises £300m from KKR for expansion
Pure Gym has raised £300m to fund its expansion by selling a stake to KKR, the US private equity firm.
RWS makes 'significant' progress as it integrates SDL
Content and localisation company RWS reported a year of “significant” progress on Tuesday, with revenue rising 95% year-on-year to £694. 5m.
Nichols to buy back up to 453,000 shares
Soft drinks maker Nichols announced on Tuesday that it intends to conduct on-market purchases under a share buyback programme, to repurchase up to 453,486 shares, representing up to 1. 2% of its issued share capital.
Stagecoach sells intercity services as merger deadline looms
Stagecoach has agreed to sell Megabus and two other intercity coach services for £8. 75m to head off potential competition barriers to its proposed merger with National Express.
Joules warns on profits as supply chain issues weigh
Joules warned on Tuesday that full-year profit will be lower than current market expectations despite strong revenue growth, as it takes a hit from supply chain issues.
3i Group promotes Jasi Halai to COO role
3i Group has promoted Jasi Halai, currently group financial controller, to the role of chief operating officer with effect from May next year.
Antofagasta upbeat on production as it lays out green credentials
Antofagasta updated the market on its planning on Tuesday, reporting that five-year production could reach 900,000 tonnes of copper by 2026 if the Second Concentrator project at Centinela was approved by the end of 2022.
Ocado wins patent trial against Norway's AutoStore at ITC
British online supermarket group Ocado on Monday said it had won a patent infringement lawsuit filed by Norwegian robotics company AutoStore Holdings in the International Trade Commission (ITC).