Company News
Faroe Petroleum fully funded for developments
Aberdeen based company Faroe Petroleum reported on Tuesday that it is fully funded for ongoing developments following a significant divestment.
SDX Energy jumps as Egypt drilling looms, Moroccan operations stall
AIM-quoted oil and gas explorer SDX Energy gave investors an update on its North African operations on Tuesday, announcing that while things in Egypt had picked up speed, its Moroccan project had been stalled due to a faulty rig.
Pendragon surges as investors welcome in-line results after tough time
Profit at car dealership Pendragon dropped nearly 20% in the year to 31 December 2017 as operating margins declined and new vehicle revenue slid, but after a profit warning from the group in October and amid more general car market woes, investors were relieved that the numbers were in line.
Sumitomo Mitsui signs lease for three floors at British Land's Broadgate development
British Land said on Tuesday that Sumitomo Mitsui Banking Corporation Europe - a subsidiary of Japan's Sumitomo Mitsui Banking Corp - has signed a 20-year lease for the first three floors of the Liverpool Street redevelopment at Broadgate.
Morrisons agrees Channel Islands wholesale deal with Sandpiper
Morrisons has struck a long-term commercial agreement with the leading operator of retail outlets in the Channel Islands.
Tui shares fly to new heights after strong first quarter
Tour operator Tui jetted off to a strong start for its financial year with sales and underlying earnings both much improved on last year, sending its shares to fresh highs.
RWS Holdings says first quarter trading in line
Language, intellectual property support services and localisation provider RWS Holdings said on Tuesday that first-quarter trading has been in line with expectations.
Eland reports positive progress at Opuama
Oil and gas production and development company Eland Oil & Gas updated the market on the Opuama-8 and Opuama-9 wells in licence OML 40 on Tuesday.
Diurnal gets EC marketing authorisation for Alkindi
Specialty pharmaceutical company Diurnal Group announced on Tuesday that the European Commission has granted a paediatric use marketing authorisation for ‘Alkindi’ as a replacement therapy of adrenal insufficiency in infants, children and adolescents.
Oncimmune spends first half progressing agreements
Early cancer detection company Oncimmune Holdings announced its interim results for the half year ended 30 November on Tuesday, reporting continued commercial progress with its ‘EarlyCDT-Lung’ product as a framework agreement with Genostics Company for China was signed.
Smart Metering Systems signs deal with Utilita
Glasgow based company Smart Metering Systems announced a new contract win to rent over 100,000 new smart-meters to energy supplier Utilita Energy on Tuesday.
Pan African Resources revises guidance as it overcomes challenges
Pan African Resources updated the market on its progress for the six months ended 31 December on Tuesday - a period which saw the group further implement its strategy to provide a platform of stability at its operations at Barberton Mines and Evander Mines, as well as improved and sustainable cash flows and production for the second half of the year.
Magnolia Petroleum makes good progress on WED agreement
US-focussed oil and gas exploration and production company Magnolia Petroleum updated the market on Tuesday, on the ongoing investment of the first $0. 5m tranche of capital it has received as part of its exclusive $18. 5m capital management agreement with Western Energy Development.
Intercede awarded Middle East contract worth more than £1m
AIM-listed software and service company Intercede has been awarded a contract by a Middle Eastern country for its MyID solution worth more than £1m.
Petro Matad makes solid progress with 2018 work programme
Mongolian oil explorer Petro Matad updated the market on its operations as part of its planned 2018 work programme on Tuesday, with the company having completed a $16. 8m fundraising to execute a four well drilling programme on its acreage during the 2018 year.
Amur Minerals enters $10m convertible loan facility
Nickel-copper sulphide mineral exploration and resource development company Amur Minerals Corporation announced on Tuesday that it has entered into a convertible loan facility of up to $10m, with Cuart Investments PCC and YA II PN, in an investment consortium arranged by RiverFort Global Capital.
Aviva Hong Kong venture moves closer to launch
Aviva announced on Tuesday that, along with Hillhouse Capital Group and Tencent Holdings, it has completed the transaction to develop a digital insurance joint venture in Hong Kong.
Computacenter confirms results of £100m share buyback tender
Computacenter posted the results of its tender offer on Tuesday, which was initially set out in a shareholder circular on 23 January, and closed on 9 February.
BHP to book $1.8bn charge from US tax reform
BHP said it would book a $1. 8bn charge due to cuts in the US corporate tax rate.