Company News
Carillion contracts to be taken in-house or re-tendered, says government
Following the collapse of construction and outsourcing group Carillion, the government said it will take on some contracts and others will be re-tendered to other contractors.
JKX Oil and Gas completes workover of Ukrainian well
Upstream exploration and production company JKX Oil and Gas has successfully completed its workover project on its IG101Z well in Ukraine, the first drilling operation conducted by its local operator since 2015.
Orosur Mining profits offset by depreciation and retrenchment costs
South-American focussed gold producer Orosur Mining produced a loss in the three months leading to 31 December, as growing operating profits were wiped out by higher levels of depreciation and costs associated to staff retrenchments.
Carclo directors depart alongside double profit warning
Shares in plastic components supplier Carclo tanked on Monday morning, as the West Yorkshire-based firm announced that its chairman and finance director had stood down after issuing a profit warning for last year and this.
Sinclair Pharma expects return to profit after revenues jump 20%
AIM-listed speciality pharmaceutical group Sinclair Pharma grew revenues by a fifth over the twelve months ended 31 December, as the effort put toward restructuring its European operations began to bear fruit.
Tuesday preview: UK inflation update, Dunelm, Rio Tinto, Ophir to report
Tuesday will determine whether inflation has exceeded Bank of England of England governor Mark Carney's target for the second month in a row, while January's deluge of retail updates continues on Tuesday with Dunelm, Greggs and JD Sports.
SoftBank may sell 30% of telecoms arm in £13bn IPO
Japanese company SoftBank is studying floating 30% of its mobile phone business SoftBank Corp. in Tokyo and overseas, possibly in the autumn.
Carillion put into liquidation after talks with government, lenders fail
Construction group Carillion will be put into liquidation after crisis talks with the government and creditors collapsed early on Monday.
Velocys shares plummet as firm proposes fundraising
Waste-to-fuel company Velocys announced on Monday that it intended to raise around £18. 4m before expenses by way of a firm placing and open offer to fund initial development costs for two key projects.
Falanx wins new contract, appoints Ian Selby as CFO
Intelligence, security and cyber defence provider Falanx Group said on Monday that it has won a multi-year contract with a "premier" UK health sector organisation as it announced the appointment of a new chief financial officer.
Avacta reaches licensing agreement with Glythera after initial study yields positive results
Biotechnology company Avacta Group has successfully concluded its initial study with next-generation antibody drug conjugates developer Glythera, leading to a licensing agreement between the two firms.
Melrose begins shareholder meetings to discuss GKN proposal
Melrose Industries, whose £7bn offer for engineering group GKN was rejected last week, said on Monday that it is beginning a series of shareholder meetings to discuss the proposal.
Watkin Jones CEO to step down
AIM-listed Watkin Jones said on Monday that chief executive officer Mark Watkin Jones plans to step down from the role once a suitable successor has been appointed and following an orderly handover.
Greatland Gold tumbles after Newmont backs out of Western Australian project
AIM-listed mineral exploration and development firm Greatland Gold was informed by the potential operator of its Ernest Giles project in Western Australia that it would not be going ahead with the project, an announcement that sent the group's shares into freefall early on Monday.
Shell gives green light for revival of Penguins field in North Sea
Royal Dutch Shell has given the go-ahead for its first new manned oil and gas rig in the northern North Sea in almost 30 years, as it redevelops the Penguins oil and gas field.
Spectra reaches licensing agreement with major banknote supplier
Tech-based security solutions firm Spectra Systems has inked a licensing agreement to extend the rights of its underlying technology to an unnamed client, unlocking $11. 2m in royalty payments for the firm over the next five years.
Base Resources agrees to acquire Madagascar asset
Dual-listed mineral sands producer Base Resources told investors on Monday that its planned acquisition agreement for the Toliara Sands project in Madagascar was now unconditional.
SpaceandPeople beats full-year profit targets
Media specialist SpaceandPeople saw strong trading during the final quarter of 2017 that brought total revenue in line with market expectations, but thanks to the mix of revenue from the firm's individual divisions, overall pre-tax profit was anticipated to come in ahead of consensus.
Harvest Minerals expands Brazilian operations after strong finish to trading year
AIM-listed fertiliser producer Harvest Minerals was set to substantially expand operations at its wholly-owned Arapua project in Brazil after sales of KPfértil accelerated in the tail-end of the 2017 calendar year.
Randall & Quilter sells insurances services, captive management operations
Randall & Quilter has sold its insurance services and captive management operations to digital solutions provider Davis Group.