Company News
Samuel Heath & Sons reports satisfactory results, proposes 5.5p payout
The quintessential English company, Samuel Heath & Sons, reported a "satisfactory" performance for the first half of the year ended 30 September 2017 on Thursday, while proposing an interim dividend of 5. 5p per share.
Bellzone Mining prepares impact assesment for Kalia site
West Africa-focussed group Bellzone Mining announced on Thursday that, via its wholly owned subsidiary OTN Mining, it had signed the previously announced amendments to the Republic of Guinea's mining convention, paving the way for the realisation of its iron ore project at Kalia.
Globalworth Real Estate enters conditional agreement to acquire Griffin Premim
Guernsey-based group Globalworth Real Estate Investments announced on Thursday that its subsidiary, Globalworth Asset Managers (GAM), had entered into a conditional investment agreement to acquire between 50. 01% and 67. 90% of the issued share capital of Dutch firm Griffin Premium.
Agriterra's finance director resigns
African Agricultural company Agriterra has announced the resignation of its finance director, Daniel Cassiano-Silva with effect from 31 December 2017, with Mr Cassiano-Silva to remain a non-executive director of the Company thereafter.
Connemara confirms presence of Ireland's high-grade gold
Exploration company Connemara confirmed the presence of a high-grade gold in hole 17-MR-08 at its 100%-owned Inishowen Gold Project, in Donegal, Ireland.
John Laing invests in second US 'managed lanes' toll project
Infrastructure group John Laing has made a $155m (£118m) investment in the US I-66 'managed lanes' toll-road development.
Independent News & Media cuts profits expectation
Independent News & Media lowered its profit expectations for the 2017 financial year into the red against the backdrop of revenue decline and increased legal costs.
TLA Worldwide agrees new debt facility after accounting lapses
Athlete representation and sports marketing company TLA Worldwide has agreed a renewed senior debt facility for $28. 75m as it wrestles with a long-delayed set of results for last year containing fairly hefty accounting charges relating to revenue recognition issues.
Something in the Aylesford as Wynnstay hikes dividend
London-based property investment firm Wynnstay Properties had investors in a groovy kind of mood after increasing the dividend thanks to a strong rise in first-half property income and net assets bolstered by new lettings in Aylesford and Liphook, and contractual rent reviews on its properties in Lichfield and Surbiton.
Friday preview: UK industrial production and not much else
UK industrial data, although some expected it on Thursday, is likely to make the biggest splash on a quiet Friday, with miner Vedanta the biggest company expected to report.
Penny Mordaunt replaces Priti Patel as International Development Secretary
Conservative MP Penny Mordaunt has been named the new International Development Secretary on Thursday, following the departure of Priti Patel.
Ryanair widens website offer to include event tickets
Low-cost airline Ryanair, in partnership with digital ticketing agency Coras, has launched a new digital initiative aimed at selling theatre, music and sporting tickets to its customers on Thursday.
BOS Global board 'committed' as working capital position worsens
Cloud-based software developer BOS GLOBAL updated the market on its current position on Thursday, reporting that it has continued to incur operational and overhead costs as it continues its product development and sales and marketing work.
ITM Power secures power-to-gas study funding
Energy storage and clean fuel company ITM Power has secured funding from the Department for Business, Energy and Industrial Strategy (BEIS) as part of the ‘Energy Storage Feasibility Study Competition’ launched in January, it announced on Thursday, to collaborate with Northern Gas Networks to undertake a study examining the potential deployment of large-scale power-to-gas energy storage.
Genel Energy agrees Sidi Moussa offshore plans with Morocco
Independent oil and gas exploration company Genel Energy has agreed with the Moroccan government over the nature, scope and timing of the activity at the Sidi Moussa offshore licensed acreage in Morocco.
Ncondezi signs non-binding offer with CMEC and GE
Ncondezi Energy announced on Thursday that it has signed a non-binding offer with China Machinery Engineering Corporation and General Electric South Africa at a formal signing ceremony in Beijing, China.
Oncimmune launches 'finger stick' collection for early lung cancer test
Oncimmune Holdings has launched a 'finger stick' version of its early cancer detection test in the US and other territories to allow doctors to carry out the test on the spot.
Summit Therapeutics to present at Duchenne conference
Drug discovery and development company Summit Therapeutics announced on Thursday that both itself and collaborators from the University of Oxford would highlight the potential of utrophin modulation as a universal treatment for Duchenne muscular dystrophy (DMD)in several presentations at the 15th Action Duchenne International Conference 2017, taking place between 10 and 12 November in Birmingham.
Transport division drags down profits for Wincanton
Supply chain solutions group Wincanton saw its underlying operating profit fall in the six months leading to 30 September as a strong showing by its retail and consumer business was held back by a softening in its industrial and transport division.
Flybe H1 profit drops but at upper end of guidance
Flybe posted near-50% drop in profit for the first half on Thursday as took a hit from increased aircraft maintenance costs.