News And Announcements
Crest Nicholson 'not currently minded' to engage with Avant Homes after merger proposal
Crest Nicholson said on Friday that it had received "unsolicited, preliminary, indicative proposals" from Avant Homes about a potential all-share combination but that it was "not currently minded" to engage in discussions with the rival housebuilder.
ADM Energy reports progress at JKT Reclamation
ADM Energy updated the market on operations at JKT Reclamation on Friday - an oil reclamation business in which ADM holds a 30. 6% economic interest.
Baron Oil changes name to Sunda Energy
Baron Oil announced on Friday that it has officially changed its name to Sunda Energy.
Kibo raises £0.15m to continue delayed audit, appoints interim CEO
Renewable energy developer Kibo Energy announced the receipt of £0. 15m on Friday, in first trance placing proceeds, to enable the continuation of the audit for the 2023 accounts.
Canada gives Glencore final green light to buy Teck coal assets
Mining and commodities giant Glencore has received the final regulatory approval needed in its $7bn acquisition of steelmaking coal assets from New York-listed Teck Resources.
PipeHawk considers placing QM subsidiary into administration
PipeHawk shares were sliding on Friday, after it issued an update on its subsidiary QM Systems, detailing significant financial challenges.
UK housebuilders surge on Labour victory
Shares in UK housebuilders jumped on Friday, on hopes that the new Labour government would reinvigorate the sector.
Amaroq taps Ellert Arnarson as its new finance chief
Southern Greenland-focussed mine developer Amaroq Minerals announced the appointment of Ellert Arnarson as its new chief financial officer on Friday, effective in August.
Shell to take up-to-$2bn hit on Dutch biofuels halt, Singapore sale
Oil and gas giant Shell is bracing for a financial impact of up to $2bn (£1. 6bn), it revealed on Friday, following its decision to halt construction on a major biofuels plant and sell a refinery in Singapore.
Avant Homes said to have tabled secret takeover offer for Crest Nicholson
Crest Nicholson surged on Friday following a report that Avant Homes, which is owned by investment firm Elliott Advisors, has tabled a secret takeover offer for housebuilder.
Samsung profits set to soar on AI boom
Samsung Electronics forecast a surge in quarterly profits on Friday, as the boom in artificial intelligence powered demand for advanced semiconductors.
Time Out cuts ribbon on Barcelona market
Publisher and hospitality company Time Out Group announced the opening of Time Out Market Barcelona on Friday.
1Spatial hails strong order book and sales pipeline
AIM-listed 1Spatial, the location and geospatial data solutions group, said it expects to hit forecasts this year on the back of new contract wins and a "substantial" sales pipeline.
Seeen losses narrow despite fall in revenue
Media and technology platform operator Seeen, which specialises in AI-driven video engagement, reported a mixed set of full-year results on Friday, with recurring technology revenue more-than-doubling to $0. 23m, from $0. 08m in 2022.
Kingswood CEO resigns with immediate effect
Kingswood has announced the immediate exit of chief executive David Lawrence from the AIM-listed wealth and investment management firm.