Company News
Faroe Petroleum sells 17.5% stake in Fenja to Suncor for $54.5m
Oil and gas company Faroe Petroleum has agreed the sale of a 17. 5% working interest in the Fenja development in the Norwegian Sea to Suncor for a cash consideration of $54. 5m.
Reabold Resources pleased with progress at Corallian investment
Pre-cash flow upstream oil and gas project investor Reabold Resources updated the market on its investment in Corallian Energy on Monday, having previously announced the signing of two share subscription agreements in Corallian in November last year.
UP Global Sourcing shares dive after posting drop in half year sales
Shares in home goods business Ultimate Products Global Sourcing were in free-fall on Monday morning after the firm advised investors that it had not been immune to the challenges faced by companies across the general retail markets and that its full-year earnings were now seen coming in well below market expectations.
IQE, Cardiff Uni and Canaccord bite back at short-sellers
IQE put out a statement on Monday from its joint venture with Cardiff University, defending its accounting practices after they were placed under the microscope last week.
UK high street continues to suffer despite improving shop vacancies
Shopper numbers dropped again in January, though the 1. 6% decline was not as bad as the previous quarter's average but a worse start to 2018 than seen last year.
WPP buys Mumbai and Delhi-based digital agency The Glitch
WPP said on Monday that GroupM, its wholly-owned global media investment group, has agreed to acquire a majority stake in Indian digital creative agency The Glitch.
Barclays Bank added to SFO charge sheet over Qatar loan
Barclays' core banking business has been charged by the Serious Fraud Office over its fundraising deal with Qatar at the height of the financial crisis, adding to the charges already brought against the parent holding company and four former executives.
Game Digital rallies on Sports Direct deal
Shares in AIM-listed Game Digital surged on Monday after it announced a collaboration with Sports Direct for the accelerated rollout of its BELONG gaming arena concept and said it has entered into a loan agreement with the company for facilities of up to £55m.
Lok'n Store boasts record sales but growth slows
Lok’nStore confirmed that January saw the self-storage company reach its highest ever level of new storage sales.
Acacia Mining loses £710m as Tanzania row leads to write-downs
Acacia Mining reported a massive £710m loss after writing down the value of its assets due to a dispute with the government of Tanzania but has cut costs to "remain competitive" in 2018.
Getlink reports new record for Channel Tunnel freight
Getlink - the new moniker for Groupe Eurotunnel - reported a new record for freight through the Channel Tunnel on Monday, as the infrastructure owner welcomed the announcement of new direct passenger services between London and Amsterdam.
Gaming Realms signs games development and licensing agreement with ITV
AIM-listed Gaming Realms, a developer, publisher and licensor of mobile real money and social games, has signed a multi-show game licensing agreement with ITV.
Heathrow reports 15th consecutive record month for passengers
Britain’s primary air hub reported a flying start to the year on Monday, with 5. 8 million passengers passing through Heathrow Airport in January.
Local Shopping agrees sale of four property portfolio
The Local Shopping REIT announced on Monday that it has exchanged contracts for the sale of a portfolio of four properties, for a cash consideration of £9. 465m.
Styles & Wood secures new Liverpool contract
AIM-listed integrated property services specialist Styles & Wood has secured a contract to deliver the fit-out and refurbishment of the India Buildings in Liverpool on behalf of its client Shelborn Asset Management.
Drilling begins and Conroy Gold's Clay Lake-Clontibret target
Gold exploration and development company Conroy Gold and Natural Resources announced on Monday that the planned drilling programme on its Clay Lake-Clontibret gold target in Ireland has now commenced, with two drill rigs mobilised to site.
BGEO board approves demerger, to up stake in Bank of Georgia
BGEO Group said on Monday that its board has approved the demerger announced last July and that its investment business, Georgia Capital, plans to increase its stake in Bank of Georgia to 19. 9%, from the previously announced 9. 9%.
AVEVA combination with Schneider software cleared by US regulator
AVEVA Group updated the market on its proposed combination with the Schneider Electric software business on Monday, confirming that the review by the Committee on Foreign Investments in the United States has now finished, and clearance has been received for the merger.
Renewi sees FY in line, higher charges from council contracts
Waste management company Renewi on Monday said full year trading would be in line with expectations after a positive second half.
Euromoney offloads Global Markets Intelligence Division in $180.5m deal
Business information and events group Euromoney Institutional Investor has reached a binding agreement to sell its Global Markets Intelligence Division (GMID), consisting of CEIC and EMIS, to a consortium of CITIC Capital Partners Management and Caixin Global, for an equity value of $180. 5m.