Company News
Thursday preview: US inflation data still in the spotlight
The flow of US data will be in focus again on Thursday, including multiple readings on different inflation gauges contained in a raft of economic indicators.
Oxford BioDynamics nets Indian patent
Oxford BioDynamics announced on Wednesday that the company’s novel technology platform EpiSwitch has received patent protection in India.
Greatland Gold set to start up the drills at Havieron in April
Greatland Gold announced on Wednesday that it is ready to conduct its first drilling campaign at its Havieron licence in April.
Russian rouble gives Coca-Cola FY results extra fizz
Coca-Cola HBC reported full year earnings before interest and tax (EBIT) of €621m, a rise of 20% on net sales revenue of £6. 5bn, up 4. 9%.
Union Jack Oil outlines extensive 2018 work plan
UK-focussed onshore oil and gas production and exploration company Union Jack Oil updated the market on its operations on Wednesday, reporting that 2018 was expected to see potentially high-impact drilling at Biscathorpe and Holmwood as well as a new planning application to be submitted during April 2018 on Wressle.
Hargreaves Services upbeat despite swinging to interim loss
Industrial, energy and property services provider Hargreaves Services announced its interim results for the six months ended 30 November on Wednesday, with revenue falling to £150. 3m from £170. 9m.
Persimmon boss to donate "portion" of bonus to charity
The chief executive of UK home builder Persimmon announced on Wednesday that he will donate a portion of his controversial £100m bonus to charity.
Keystone Law makes significant progress ahead of maiden results
Challenger law firm Keystone Law issued a pre-close trading update ahead of its maiden final results for the year ended 31 January on Wednesday.
Northamber moving closer to profitability, says chair
IT equipment distributor Northamber released what it described as a “refreshing” interim report on Wednesday, with turnover rising 9. 1% to £31. 6m for the first six months of its financial year.
Water Intelligence sees revenue surge in 2017
Leak detection and remediation solutions provider Water Intelligence issued a trading statement for the year ended 31 December on Wednesday, reporting a 45% improvement in revenue over the prior year to $17. 7m.
Arun Estates joins OnTheMarket portal
Agent-backed online property portal operator OnTheMarket announced on Wednesday that, in line with the five-year agreement it announced in November, the estate agency firm Arun Estates was now advertising its UK residential sales and lettings properties at OnTheMarket. com.
Melrose works to further convince GKN shareholders
Melrose Industries released a response to GKN late on Wednesday morning, after the latter outlined its ‘Project Boost’ strategy to return up to £2. 5bn to shareholders over the next three years.
Shire posts jump in FY sales but warns over 2018 earnings
Specialty biopharmaceutical group Shire posted a 33% jump in full-year revenues on Wednesday but warned that earnings growth would be weaker than revenue growth this year.
Hurricane Energy closing in on early production system
Hurricane Energy announced a key milestone on Wednesday with the completion of buoy dry trial fit testing operations ahead of schedule.
Production starts at Iofina's latest plant
Iodine and halogen-based speciality chemical derivatives explorer and producer Iofina announced the completion of construction and the start of production at its IO#7 ‘IOsorb’ plant on Wednesday.
Origin Enterprises set to lose chief financial officer
Origin Enterprises announced on Wednesday that chief financial officer Imelda Hurley has indicated her intention to step down from the board on 28 February.
Genel Energy ups resource estimates after new competent person's report
Kurdistan-focused oil and gas business Genel Energy updated investors on the status of its oil reserves on Wednesday after a competent persons report on its assets revealed a significant increase in oil resources at its Bina Bawi project.
Botswana Diamonds raises £500k in placing to fund exploration
AIM-listed Botswana Diamonds has raised £500,000 through the placing of new ordinary shares at 1p each to help fund ongoing diamond exploration in South Africa and Botswana and for additional working capital purposes.
Kibo Mining signs memorandum of understanding with TANESCO
Coal exploration and development firm Kibo Mining announced on Wednesday that it had signed a memorandum of understanding with the Tanzania Electric Supply Company (TANESCO) that would see the latter purchase power from the former's 300MW Mbeya coal-to-power project in the African nation.
Midatech Pharma reports boost for US operations
International pharmaceutical company Midatech Pharma guided towards an increase in full-year US product sales of at least 29% on Wednesday, as expected.