Company News
ScotGold cuts losses
Scotgold Resources, the firm focused on the Cononish gold and silver project in Scotland's Grampian Highlands, announced on Friday that it had reduced losses over the past financial year thanks to the company reaching the production stage of its first-ever commercially produced Scottish gold.
Carillion loses £1.2bn in first half, but has 'clear plan' for turnaround
Carillion has unveiled a £1. 15bn first-half loss and warned full year results would be worse than expected, although stand-in management say they have a "firm handle" on the construction group's problems and have put in place "a clear plan to address them".
Losses widen for Big Sofa but 'material revenue growth expected'
Video content management firm Big Sofa Technologies Group said on Friday that over the first six months of its trading year it had witnessed "excellent" strategic progress despite reporting widening losses.
CVS Group dashes to all-time high as acquisitions boost dividend
Veterinary services firm CVS Group reported an "outstanding performance" in its full-year results released on Friday, as it saw profit and revenue continue to grow as it steamed ahead on its rapid acquisition trajectory.
Ryanair succumbs to CAA demands for clarification on cancellations
Irish budget airline Ryanair has agreed to comply with demands made by regulators to inform customers of their full compensation rights after it cancelled thousands of flights in recent weeks.
Trial of former Tesco directors kicks off
Three former Tesco directors appeared together at Southwark crown court in London on Friday on charges that suggest the supermarket giant's 'generals' had pressured staff members into massaging profits in order to mislead the stock market.
Glencore eyeing Chevron's South Africa assets - report
Glencore is chewing over a potential bid for some of Chevron's South African assets, according to reports on Friday afternoon.
Success sees Mkango extend R&D project with Metalysis
Mkango Resources announced on Friday that it has commenced Phase II of its research and development programme with Metalysis, and has raised £0. 5m at 3. 5p per share in a placing.
Tricorn Group wins seven year deal for new electric London taxi
Tube manipulation specialist Tricorn Group announced on Friday that its UK operation, Maxpower Automotive, has secured a long-term supply agreement with the London Electric Vehicle Company - formerly the London Taxi Company.
Edenville completes construction of Rukwa Coal wash plant
Edenville Energy announced on Friday that construction of the wash plant at its Rukwa Coal Project site has now been completed.
Obtala upbeat about future of timber pricing
Sustainable agriculture and forestry firm Obtala posted its third quarter business update on Friday, confirming it was in discussion with “several parties” to provide tranches of $25m in trade finance to support growth in its timber trading division profits, with one letter of intent signed to date.
Reach4entertainment appoints Marcu Yeoman as interim chairman
AIM-listed media and entertainment marketing company Reach4entertainment has appointed non-executive director Marcus Yeoman as interim chairman with effect from 1 October.
Phoenix Global sees bright future despite declining revenue
London based oil and gas production and exploration firm Phoenix Global Resources announced on Friday that it had realised a combined average production of 11,537 barrels of oil equivalents per day (boepd) over the first six months of its trading year, 10,571 of which having come directly from its Argentinean operations.
Applegreen finalises placement of 8m new shares
Petrol forecourt retailer Applegreen announced on Friday that it had successfully completed the placement of 8m new ordinary shares in the company.
Sirius Minerals says Yorkshire fertiliser mine 'on time and on budget'
Sirius Minerals remains on time and on budget as it develops its massive Woodsmith polyhalite fertiliser mine under the Yorkshire Moors.
Iomart trades in line, signals interim dividend
Cloud computing company Iomart Group issued its trading statement for the six months 30 September on Friday, ahead of the announcement of its half yearly results.
ITM Power surges as it raises funds to process contract pipeline
Shares in ITM Power surged as the firm announced on Thursday that it was looking to raise £29. 4m to support a £20m contract backlog and £180m opportunity pipeline.
Firestone Diamonds completes diamond sales amid tough market
Diamond company Firestone Diamonds announced the results of its latest diamond sales on Friday, held in July and September in Antwerp, and provided a further update on the process of revising the life of mine plan for its Liqhobong Diamond Mine, as initially announced on 8 August.
Aviation authority imposes deadline on Ryanair over compensation rules
Britain's Civil Aviation Authority has told low-cost carrier Ryanair that it would have to reimburse approximately 700,000 ticket holders from the company's own pockets by 1700 BST on Friday or risk "enforcement action. ".
3i Infra sees portfolio in lines with expectations
3i Infrastructure said its portfolio continued to perform in line with expectations as it reported first half income of £47. 5m.