News And Announcements
Europa Oil identifies expanded resource on EG-08
Europa Oil & Gas announced a significant update on the EG-08 block on Monday, reporting that an additional 716 billion cubic feet (BCF) of unrisked prospective resources had been identified, bringing the total gross unrisked mean prospective resources on the block to 2. 116 trillion cubic feet equivalent (TCFe).
Light Science flags strong momentum in contact electronics division
Light Science Technologies, which operates through three divisions - controlled environment agriculture (CEA), contract electronics manufacturing (CEM), and passive fire protection (PFP) - reported strong momentum in its CEM division on Monday, driven by a record-breaking year in the pest control market.
Government to scrutinise £5.3bn Royal Mail takeover
The new Labour government is set to look closely at the £5. 3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky.
Carpetright poised to be snapped up by rival Tapi
Tapi Carpet & Floors has agreed to buy a clutch of Carpetright stores as well as the struggling retailer’s brand, it was reported on Monday.
AFC Energy inks strategic supplier agreement with Zollner
Hydrogen power generation technology specialist AFC Energy announced the signing of a strategic supplier agreement (SSA) with Germany's Zollner Elektronik on Monday.
Kefi reports progress in Ethiopia, Saudi Arabia
Kefi Gold and Copper reported recent advancements at the Tulu Kapi Gold Project in Ethiopia in an update on Monday, where the early works programme, initiated in May, was progressing well.
Brand Architekts sales set to slip as expected
Beauty brand business Brand Architekts Group said in an update on Monday that it expected sales for the financial year just ended to be around £17m, aligning with market expectations but down from £20. 1m in the 2023 period.
Chaarat appoints share trading facilitator ahead of planned AIM delisting
Kyrgyz Republic-focussed mining explorer and developer Chaarat Gold announced the appointment of Asset Match to facilitate secondary trading in its shares in an update on Monday.
Duke puts another £2.9m into media investor Step Investments
Duke Capital announced a follow-on investment of £2. 9 million into its existing capital partner, Step Investments, on Monday.
Cornish Metals agrees sale of Mactung and Cantung royalty interests
Mineral explorer and developer Cornish Metals announced a binding agreement with Elemental Altus Royalties Corporation on Monday, for the sale of its royalty interests in the Mactung and Cantung tungsten projects in Northern Canada.
Vivendi to list French TV arm in London
Vivendi is to list its French TV business Canal+ on the London Stock Exchange, the European media conglomerate confirmed on Monday.
Anglo American Platinum on track despite profits fall
South Africa’s Anglo American Platinum said its restructuring programme remained on track on Monday, as it posted a sharp drop in half-year profits.
Fonix Mobile ends year ahead of market expectations
Mobile payments and messaging technology provider Fonix Mobile reported a strong full-year financial performance in a trading update on Monday.
Tristel flags forecast-busting full-year results
Infection prevention products manufacturer Tristel released a robust trading update for the year ended 30 June on Monday, with revenues and pre-tax profits surpassing market expectations.
Balanced Commercial Property sells Curzon Street office holding
Balanced Commercial Property Trust announced the sale of its multi-let office holding at 17A Curzon Street, London W1 on Monday.
Entain appoints Gavin Isaacs as its new chief executive
Gambling giant Entain announced the appointment of Gavin Isaacs as its new chief executive officer on Monday, effective from 2 September.
MONY Group holds on to guidance despite record first half
Moneysupermarket. com operator MONY Group hailed its best-ever results for a first half, as revenues hit a quarter of a billion pounds on the back of a strong performance in the insurance and cashback categories.
Ofcom fines BT £17.5m for 'catastrophic' 999 failings
The regulator has fined BT Group nearly £18m over “catastrophic” 999 call-handling failures, it was announced on Monday.
Hammerson offloads stake in Value Retail, plans £140m buyback
Shopping centre owner Hammerson said it had sold its interest in Value Retail to consumer-focused investment firm L Catterton for an enterprise value of £1. 5bn and also announced a £140m share buyback along with a one-for-10 shar consolidation.
Kroger places order for new Ocado automated technologies
US grocery giant Kroger ordered two of Ocado's newest technology solutions for its existing and future customer fulfilment centres.