Company News
Dyson is suing former chief executive
The British technology company Dyson said it is suing Max Conze, its former chief executive, who stepped down in October, for allegedly spilling company secrets and misusing company resources.
Thursday preview: ONS retail sales and results from Royal Mail, British Land, Qinetic
Thursday's UK retail sales numbers are not expected to provide any filip to the beleaguered sector, while the reporting season has not fully tailed off yet, with results due from 3i, British Land, Qinetiq, Assura Investec, Mediclinic, Royal Mail and Ted Baker.
Lucapa Diamond hits monthly record at Angola diamond project
The Lulo Diamond Project in Angola achieved a monthly treatment record of 29,657 bulk cubic metres (bcm) of alluvial gravels in October, according to a joint statement, on Wednesday, by Lucapa Diamond Company and its partners Empresa Nacional de Diamantes and Rosas and Petalas.
Koovs seeking permission to issue up to £18.9m in convertible loan notes
India-focussed fashion e-commerce business Koovs issued a short update to the market on Wednesday morning, announcing today that it will be seeking a renewal of permission for the issue of up to £18. 9m of convertible loan notes.
Pantheon Resources reports authorisation of and first gas sales at East Texas gas facility
AIM-quoted oil and gas exploration company, Pantheon Resources, has reported "successful" commission, on Tuesday, of the gas processing facility in Polk County, East Texas, as well as its first gas sales.
Eland Oil & Gas reports strong production at Opuama
Eland Oil & Gas, the oil & gas production and development company, operating in West Africa with an initial focus on Nigeria, reported strong production performance from the Opuama field, with gross output from all three wells reaching 19,000 barrels of oil per day.
Ian O'Doherty succeeding Chris Houghton as Park Group chair
Multi-retailer, multi-channel gift voucher and prepaid gift card provider Park Group announced the appointment of John Sullivan (Ian) O’Doherty as its new chief executive officer on Wednesday, to succeed Chris Houghton, whose retirement was announced on 12 June.
Galantas Gold proposes private placement of shares
Galantas Gold Corporation has today announced a proposed private placement of shares, for working capital purposes, as well as to continue developing an underground mine on the Omagh property.
Zambeef profits halved due to increased costs
Annual profits at Zambia-based agribusiness Zambeef Products took a nosedive as unfavourable exchange rates, increased costs and lower commodity prices wiped out gains made in retail sales.
Elecosoft appoints Simon Morgan as new finance director
Construction software specialist Elecosoft announced the appointment of Simon Morgan as its finance director with immediate effect on Wednesday.
SandRidge Energy to buy Bonanza Creek in $746m deal
SandRidge Energy has agreed to buy Bonanza Creek in a cash-and-stock deal valued at $36 per share.
Jeffrey Karoly installed as CFO at Condor Gold
Condor Gold announced the appointment of Jeffrey Karoly as its chief financial officer with immediate effect on Wednesday.
Bango brings mobile payments to Google Play in Nigeria
Mobile payments company Bango has launched operator-billed payments for Google Play users with 9mobile in Nigeria, it announced on Wednesday.
Ascent begins export production from two Slovenia wells
Europe-focussed oil and gas exploration and production company Ascent Resources updated shareholders on the start of export production from the Petišovci field in Slovenia on Wednesday, confirming that it commenced export production from well Pg-10 on 2 November, with production from well Pg-11A added on 3 November.
Investee company of Legendary Investments valued at £10m
Legendary Investments has announced that as a result of the progress made at its investee company, IBS, several investors had taken on equity of IBS at a valuation of $10m.
Akers Biosciences shares retreat after third quarter
Screening and testing product manufacturer Akers Biosciences grew revenues 10% in its third quarter of trading thanks to strong sales of its breathalyser and rapid cholesterol testing products.
Property obsession could be making UK poorer, NIESR says
Home ownership is crowding out other forms of long-term savings and investment with potentially damaging effects on pension savings and the wider UK economy, research suggests.
Tune Hotel in Newcastle to receive easyHotel treatment
Owner, developer and operator of so-called ‘super-budget’ hotels easyHotel has agreed to take over the 104-room Tune hotel in Newcastle, it announced on Wednesday.
Talk not cheap for TalkTalk as strong customer growth dents profits
TalkTalk Telecom drummed up an impressive number of new customers in the first half of the year but at the expense of profits, which fell into the red and will be towards the lower end of its guided range for the full year.
BP kicks off share buybacks
Oil giant BP said on Wednesday that it will begin a share buyback programme to repurchase up to 1. 96bn shares.