COMPANY NEWS
04 Oct
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Ceres narrows losses in 'most successful' year to date

UK-based fuel cell technology and engineering company Ceres Power said on Wednesday that the financial year ended 30 June had been its "most successful" to date, beating financial expectations on increased revenue and narrowed losses.

04 Oct
onesavings bank
OneSavings shares wilt as JC Flowers sells 8% stake

OneSavings Bank was under pressure on Wednesday after funds managed by private investment firm JC Flowers sold 20m shares in the challenger bank, equivalent to an 8% stake.

04 Oct
iag iberia
IAG traffic shows BA bounce-back

International Consolidated Airlines Group (IAG) grew passenger traffic 3. 1% in September thanks to a strong performance from Iberia that made up for a weak month for British Airways.

04 Oct
Thursday preview: ECB minutes, Fedspeak, DFS results

Thursday will have quite a focus on central banks, with minutes from the European Central Bank and several speeches from the Federal Reserve and one each from the ECB and Bank of England.

04 Oct
cash money sterling pound
Vianet acquires Vendman Systems in £4.25m deal

Business insight and data company Vianet Group announced the acquisition of enterprise resource planning and unattended vending mobile software provider Vendman Systems on Wednesday, for a total consideration - including an earn out - of up to £4. 25m, payable in cash.

04 Oct
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Mobile Tornado signs agreement with Israel's HOT Mobile

Carrier-grade push-to-talk solutions provider Mobile Tornado announced on Wednesday that it has recently signed an agreement with HOT Mobile, the fastest-growing cellular company in Israel, under which it will provide its ‘advanced push-to-talk over cellular’ solutions to HOT Mobile customers in Israel.

04 Oct
Money pounds sterling
Velocity Composites secures long-term agreement with existing customer

Advanced composite material kit supplier Velocity Composites announced on Wednesday that it has secured a long term agreement with an unnamed existing UK customer in the composites sector.

04 Oct
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Gooch & Housego finishes year in line

Specialist optical component manufacturer Gooch & Housego announced on Wednesday that trading for the year to 30 September was in line with its previous guidance.

04 Oct
Astrazeneca
Evgen Pharma granted first European patent for SFX-01

Clinical-stage drug development company Evgen Pharma announced the grant of the first European patent for SFX-01, its lead product, on Wednesday.

04 Oct
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ImmuPharma completes sharing agreement with Lanstead Capital

Specialist drug discovery and development company ImmuPharma announced the completion of the sharing agreement entered into with Lanstead Capital in February 2016 on Wednesday.

04 Oct
coins currency investment insurance business finance company
Multiple acquisitions leads Target Healthcare REIT to increased profits

Property investment firm Target Healthcare Real Estate Investment Trust announced on Wednesday that its "patient and disciplined" placing of £79. 9m of shareholder capital led to eight transactions throughout the financial year ended 30 June, with a further two investments being completed in the first quarter of 2018.

04 Oct
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Circle Property pleased with progress at half-year mark

Specialist UK regional office investment, development and management company Circle Property updated the market on its trading on Wednesday, ahead of its results for the six months to 30 September, which would be announced in December.

04 Oct
glencore
Glencore to bump up stake in Peruvian zinc miner Volcan

Glencore has agreed a deal to bump up its holding in Peruvian zinc miner Volcan.

04 Oct
cash money sterling pound
Touchstone Innovations puts £1.4m more into Featurespace

Touchstone Innovations announced on Wednesday that it has participated in a £16. 5m funding round in Featurespace, which it described as a “leading” machine-learning, fraud prevention company.

04 Oct
Edenville Energy announces subscription to raise £1.25m

AIM-listed company Edenville Energy, which is developing a coal project in south west Tanzania, announced on Wednesday an oversubscribed subscription to raise £1. 25m to complete construction and logistics work.

04 Oct
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Rainbow Earth raises guidance in preparation of first concentrate shipments

Guernsey-based mining company Rainbow Rare Earths released its audited results for the twelve months ended 30 June on Wednesday, raising production guidance and run-of-mine (ROM) ore production between 3,000 and 4,000 tonnes in the announcement.

04 Oct
ep tesco
Tesco tumbles despite restoring interim dividend, beating profit forecasts

Tesco reinstated its dividend after a three-year hiatus with a 1p half-year payout as sales from Britain's biggest grocer rose more than City forecasts and profits soared.

04 Oct
europa oil and gas
Petro Matad to begin Mongolian seismic survey by end of month

Oil explorer Petro Matad announced on Wednesday that it had signed up a contractor to begin a large-scale 3D and 2D seismic survey of Mogolia's Tugrug Basin before the end of October.

04 Oct
cash money sterling pound
LightwaveRF expecting revenue uptick despite investments

Smart home solutions provider LightwaveRF updated the market on its trading for the financial year ended 30 September on Wednesday, saying it anticipated that revenue will have “more than doubled” from the prior year’s £1. 44m figure.

04 Oct
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Sound Energy discusses 'exciting period' of development

Mediterranean upstream company Sound Energy outlined its plans for a new three-well drilling programme in Eastern Morocco on Wednesday, saying the firm was preparing for "another exciting period. ".