COMPANY NEWS
06 Nov
Gold bars
Condor Gold drill programme returns positive results

Central American focussed explorer Condor Gold said on Monday that the final six drill holes of a 43-hole programme on the Mestiza Vein Set at its La India Project in Nicaragua had returned positive results.

06 Nov
china traffic car
Supply chain issues delay revenues for Concepta

UK healthcare company Concepta received notice of a £600,000 order from one of its distributors for November but noted that due to third-party constraints, revenue from the order would not be realised until the first quarter of the 2018 financial year.

06 Nov
Money pounds sterling
Versarien completes expanded £2.9m fundraising

Advanced materials group Versarien confirmed the successful completion of its £2. 9m fundraising on Monday, comprising a placing by WH Ireland along with an offer, via PrimaryBid.

06 Nov
billetes euros
Oakley Capital takes on German higher education group

Oakley Capital Investments said on Monday that Oakley Capital Private Equity III has agreed to acquire Apollo Global Germany from its current shareholder Apollo Education Group.

06 Nov
Paradise Papers: Queen, Ross, Glencore exposed in tax haven document leak

A huge new cache of financial documents has been released showing how some of the world’s wealthiest individuals and companies use offshore tax havens to maintain and grow their riches.

06 Nov
enquest, oil, drilling, crude
Losses widen for Sterling Energy

Upstream oil and gas company Sterling Energy saw losses widen in its third quarter as its Chinguetti oil field off the coast of central Mauritania came near to the end of its production life.

06 Nov
security cctv g4s
Tuesday preview: Results from AB Foods, Imperial Brands, G4S, Direct Line, Hiscox

Tuesday offers up a fairly busy day of corporate results and trading updates, led by Primark owner Associated British Foods, tobacco giant Imperial Brands, plus insurers Direct Line and Hiscox, and the still-recuperating G4S.

06 Nov
LED lights
JZ Capital cashes in on Factor Energia investment

Guernsey-based closed-ended investment company JZ Capital Partners (JZCP) realised the net asset value of its majority interest in Spanish energy group Factor Energia on Monday.

06 Nov
Rio Tinto train in the Pilbara region of Western Australia; mining
Cadence Minerals agrees to acquire Pilbara asset from Macarthur Minerals

London-based early investment and development company Cadence Minerals agreed to acquire a 35 square kilometre exploration license in the Pilbara region of Western Australia from Macarthur Minerals.

06 Nov
cbbaji
Intercede shares drop on warning of multiple enterprise awards failing to materialise

UK-based software firm Intercede Group said on Monday that its ability to meet market expectations for the company's financial year had been hindered by a combination of several large enterprise awards failing to materialise despite "customer commitments to the contrary" and a generally slower market.

06 Nov
calculatrice-et-trombones-comptes-entrepreneurs-entreprises-argent-finances-tpe-pme-entreprenariat-finances-banques-startup-business-plan-argent
Suspension lifted from Redx shares as it exits administration

Trading in Redx Pharma shares restarted at midday on Monday, after the company announced in 3 November that it had successfully come out of administration as a going concern.

06 Nov
cash money sterling pound
SysGroup issues profit warning amid slow business transition

Managed IT services and cloud hosting provider SysGroup updated the market on its trading for the six months to 30 September on Monday, saying that during the period it focused on executing the continued transformation of the business to managed IT services and cloud hosting.

06 Nov
Money coins pound
Xpediator takes delivery of Regional Express in £1.2m acquisition

Freight management services provider Xpediator has acquired Regional Express, a UK-based freight forwarder and international courier, it announced on Monday.

06 Nov
oilfield
Solo Oil confident despite Aminex troubles at Kiliwani

Solo Oil noted on Monday today that Aminex - the operator of the Kiliwani North Development Licence in Tanzania - reported that production from the Kiliwani North-1 well has been temporarily reduced to gas rates of below 1 million cubic feet per day.

06 Nov
convatec ostomy
Convatec 'oversold' since profit warning, Credit Suisse

The outlook for ConvaTec is not nearly so gloomy as the market is currently making out, said UBS as it upgraded its recommendation on the colosotomy bag and catheters specialist.

06 Nov
billetes euros
Boxhill reaches deal with PDU to market high-value transfer service

Boxhill Technologies updated the market on Monday, after its announcement that it is launching a new high-value transfer service (HVTS) for transactions of more than €10m through its wholly-owned subsidiary Emex Technologies, on 28 July.

06 Nov
citla energy port
Kosmos Energy increase oil and gas revenue threefold, still posts loss

US oil company Kosmos Energy saw losses widen in its third quarter despite more than trebling revenue from its oil and gas businesses.

06 Nov
oilfield
Union Jack takes 20pc chunk of Egdon's Fiskerton

UK-focussed onshore oil and gas production and exploration company Union Jack Oil announced on Monday that it has signed a sale and purchase agreement to acquire a 20% economic interest in licence EXL294 containing the producing Fiskerton Airfield Oilfield, from operator Egdon Resources.

06 Nov
libras
Satellite Solutions Worldwide makes three bolt-on acquisitions

Alternative broadband services specialist Satellite Solutions Worldwide has completed three acquisitions, it announced on Monday, consisting of two fixed wireless broadband ISPs and a satellite broadband customer base.

06 Nov
grafenia
Grafenia grows turnover but warns costs will hit full year earnings

Operating losses remained flat for Manchester-based printing business Grafenia in the first half as it grew turnover 31% and completed its largest acquisition.