News And Announcements
Hummingbird Resources restarts operations at Yanfolila Mine
Hummingbird Resources updated the market on the Yanfolila mine in Mali on Wednesday, following confirmation earlier in the month that it was back in operation, following “illegal roadblocks” and disruption to “public order” in the region in November.
SFO confiscates £140,000 from Petrofac's former head of sales
Petrofac's former Head of Sales, David Lufkin, has been ordered to pay more than £140,000 after pleading guilty to 14 counts of bribery in order to influence the awarding of oil and gas contracts in Iraq, Saudi Arabia and the United Arab Emirates.
OptiBiotix signs supply deal with Saudi Arabia chemist chain
Life sciences company OptiBiotix Health has signed an exclusive supply agreement with pharmacy chain Nahdi Medical, it announced on Wednesday, for the sales of its ‘GoFigure’ and ‘SlimBiome Medical’ weight management products in Saudi Arabia.
Atlantic Lithium rises on drilling results from Ewoyaa
Africa-focussed exploration and development company Atlantic Lithium released initial infill drilling results from the Ewoyaa project in Ghana on Wednesday, where it recently announced an updated scoping study and increased JORC resource of 21. 3 million tonnes at 1. 31% lithium oxide, resulting in a “significant improvement” in the project’s economics and life-of-mine.
ECR Minerals granted two exploration licences in Victoria
Australia-focussed gold exploration and development company ECR Minerals announced the granting of two gold exploration tenements in the state of Victoria on Wednesday.
Sales and profits hit 'historic' highs at Inditex
The recovery at Zara-owner Inditex continued to gain momentum in the third quarter, the retail giant said on Wednesday, with both sales and income reaching fresh highs.
Entegris to buy CMC Materials in $6.5bn deal
Entegris has agreed to buy CMC Materials - a supplier of advanced materials for the semiconductor industry - in a $6. 5bn cash and stock deal.
Midwich lifts profit expectations amid 'particularly strong' trading
Specialist audio visual trade distributor Midwich Group updated the market on its trading on Wednesday, reporting that despite ongoing product shortages, its performance had been “stronger than expected” since its interim results published in early September.
GlobalData makes two acquisitions in automotive, agribusiness sectors
Industry intelligence company GlobalData announced the acquisition of both LMCA Holdings and LMCI Holdings on Friday, which provide data, analytics, and insights of the automotive and agribusiness markets, respectively.
Restore acquires Scotland-based digital firm Capture All
Restore has acquired 100% of Capture All, a digital services business based in Falkirk, for £0. 9m, it announced on Wednesday.
Wizz Air investors demand carrier allow staff to unionise
Wizz Air has been called upon by over a dozen investors to permit staff to form and join trade unions due to ongoing concerns that the company was "actively" discouraging the practice and breaching human rights.
IAG in talks with Globalia over cancellation of Air Europa deal
British Airways and Iberia owner IAG said on Wednesday that it was in advanced talks to cancel the acquisition of Air Europa from Spain’s Globalia.
Europe open: Shares edge ahead as investors eye central bank moves
European shares inched higher on Wednesday ahead of key central bank meetings and despite Britain becoming the latest country to report a spike in inflation.
Pan African agrees to acquire Blyvoor tailings facilities
Pan African has entered into a conditional agreement to acquire the entire issued share capital of Blyvoor Gold Operations from Blyvoor Gold, it announced on Wednesday, for just over £5m.
Telecoms billionaire Drahi mulling Sotheby's IPO - report
Patrick Drahi is mulling a possible initial public offering of Sotheby’s, it was reported on Wednesday, just two years after the French telecoms entrepreneur bought the auction house.
Goodwin reports improved profit despite tougher markets
Mechanical and refractory engineer Goodwin reported first-half pre-tax profit of £7. 7m on Wednesday, up from £5. 8m year-on-year, on revenue of £68. 9m, up from £62. 6m.
Hollywood Bowl reports improved EPS amid strong pent-up demand
Hollywood Bowl reported revenues of £71. 9m in its final results on Wednesday, down from £79. 5m year-on-year, although the company cited “strong pent-up demand” following the reopening of leisure in England in May.
Currys interim profits up, but warns of softer markets
UK electricals retailer Currys on Wednesday reported higher first-half profits but warned its market has been softer over recent weeks and it could face more headwinds from the Omicron Covid variant.
Softbank-owned Fortress buys Punch Pubs
US private equity firm Fortress Investment Group has bought Punch Pubs from Patron Capital Partners for an undisclosed sum.
Avon Protection profits plunge as it pivots from troubled armour business
Avon Protection reported a 42. 9% fall in adjusted operating profit in its final results on Wednesday, to $22m.