COMPANY NEWS
10 Nov
numbers, money, calculating, investment, finance
Trinity Capital completes sale to DB Realty Limited

Boutique investment banking firm Trinity Capital (TC-10) announced on Friday the completion of a sale to DB Realty Limited (DB), a Mumbai based Real Estate development company, of compulsory convertible preference shares issued by DB Realtors Private Limited (CCPS) to Trinity Capital Mauritius Limited (TCML), of which owns the entire economic interest in CCPS.

10 Nov
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AppScatter launches Android software development kit

Business-to-business software-as-a-service platform appScatter Group confirmed the launch of the appScatter Android Software Developer Kit (SDK) on Friday, with it now available to 25 million software developers on computer code hosting service GitHub.

10 Nov
gold bars precious
Pete Gardner appointed CFO-designate of Chaarat Gold

Gold exploration and development company Chaarat announced an addition to its senior management team on Friday, saying Pete Gardner has joined as chief financial officer-designate.

10 Nov
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MobilityOne to acquire 55pc of MiTP

E-commerce infrastructure payment solution and platform provider MobilityOne announced on Friday that, on 9 November, it signed - via its recently incorporated wholly-owned subsidiary MobilityOne South Asia - a sale and purchase agreement with Zahir Uddin and Shahin Hossain to acquire a 55% shareholding in MiTP for a nominal cash consideration of BDT 0. 55m, payable from the group's existing cash resources.

10 Nov
Money cash dollars
Amphion partner Polarean Imaging valued at $19m ahead of planned IPO

Medical, life science and technology business Amphion Innovations updated the market on its partner company Polarean Imaging, in which Amphion currently has an interest of around 26%, on Friday.

10 Nov
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Caledonia Mining planning extension of Blanket central shaft

Following its announcement of an updated resource statement on 2 November, Caledonia Mining Corporation announced on Friday that it plans to extend the depth of the central shaft at its 49% subsidiary, the Blanket Mine in Zimbabwe.

10 Nov
Astrazeneca
Oxford Pharmascience plans demerger of main operations

Listed company Oxford Pharmascience announced its intention to demerge certain operating and other assets and the business of the group to Oxford Pharmascience Limited (OPL) on Friday, following a board strategic review of the group's operations.

10 Nov
House for sale
Regional Real Estate Investment Trust offloads Leeds site to Unite Students

British property firm Regional Real Estate Investment Trust exchanged contracts on Friday that would see it sell off one of its Leeds development sites to Unite Students for £10. 5m.

10 Nov
Money coins pound
IQE raises £95m in placing

Supplier of advanced semiconductor wafer products and services IQE announced on Friday that, further to its announcement on 9 November regarding the proposed placing of ordinary shares, it has successfully placed 67,941,581 new ordinary shares at a price of 140p per share, raising gross proceeds of around £95m.

10 Nov
Proposed Hinkley Point C nuclear power plant EDF Energy
Alpek negotiating final agreements to acquire ContourGlobal assets

Leading petrochemical company Alpek together with ContourGlobal, an international power generation company, have entered into a 60-day exclusivity period to negotiate final agreements related to ContourGlobal's potential acquisition of Alpek's cogeneration power plants in Mexico.

10 Nov
Oil mining
Block Z-34 in Peru to be released, announces Baron Oil

A unanimous decision was made to release Block Z-34, offshore Peru, which had been under Force Majeure since 2014, independent oil and gas company Baron Oil said.

10 Nov
London Stock Exchange AIM LSE shares
LSE caves into TCI demands, to hold vote on Brydon and Rolet

London Stock Exchange has caved into pressure from activist investor TCI Fund Management, announcing that it will hold a shareholder vote on whether it should remove chairman Donald Brydon and retain chief executive officer Xavier Rolet.

10 Nov
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Pacific Industrial & Logistics acquires logistics asset at Victoria Road, Leeds, for £2.8m

Pacific Industrial & Logistics has completed the acquisition of a logistics asset at Victoria Road, Seacroft, Leeds for a total consideration of £2. 8m, the company announced on Friday.

10 Nov
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RWE Supply and Trading renews licence to use Brady plc's Credit Risk software

The leading global provider of trading, Brady plc, announced today that RWE Supply and Trading (RWEST), one of the leading energy trading companies in Europe, had renewed its licence to use Brady Credit Risk software for an additional five years on the basis of an annual recurring fee arrangement.

10 Nov
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IFG Group assets under administration exceed £30bn

Dublin-based financial services company IFG Group continued to perform in line with board expectations through the ten months leading to 31 October, reaching two significant milestones during the period.

10 Nov
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Alpha Pyrenees Trust dives, says asset sales may not deliver

Guernsey-based investment firm Alpha Pyrenees Trust announced on Friday that it was actively marketing its few remaining properties, with a view to winding up the trust in due course.

10 Nov
Gold bars
Ortac Resources acquires 33.82% stake in Casa Mining

The gold mining company, Ortac Resources, confirmed on Friday acquisition of the 33. 82% shareholding in Casa Mining, a specialist in gold exploration in Africa, alongside the conversion of the existing convertible loan notes held by the firm and which had been issued by CASA.

10 Nov
London Stock Exchange, markets, traders, trading, City, shares
ECSC Group announces grant of share options to employees

The cyber security services provider ECSC Group announced today the grant of share options to certain employees pursuant to a the Save As You Earn Share Option Scheme (SAYE) launched on 12 October 2017.

10 Nov
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Paragon Entertainment seeks feedback for creative hub plan

Paragon Entertainment, the attractions design, production and fit-out business, announced on Friday that Makin Enterprises are seeking feedback on a plan to build a creative hub, referred to as 'Create Yorkshire', on land at the former RAF Church Fenton.

10 Nov
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Castings profits slip despite improved sales performance in first half

British iron casting and machining firm Castings saw its pre-tax profits decline in the six months leading to 30 September despite rising sales over the period.