Company News
Randgold, Glencore and other miners club together to fight Congo legislation
A group of mining companies, including Glencore and Randgold Resources, have banded together in an effort to halt legislative changes in the Democratic Republic of Congo (DRC).
KEFI Minerals reassures investors amid Ethiopia state of emergency
KEFI Minerals sought to reassure investors on Monday that the resignation of Ethiopia’s Prime Minister, Hailemariam Desalegn, will not have an impact on the company’s activities in the country.
Spaceandpeople signs new extended agreement with Landsec
SpaceandPeople announced a contract renewal, as well as a significant expansion of opportunities with Landsec in the UK on Monday.
KFC forced to close 750 UK shops after running out of chicken
KFC has been forced to close 750 of its 900 restaurants in the UK after its new supplier failed to deliver promised supplies.
Next 15 trades in line, expects some US tax reform benefits
Digital communications group Next 15 updated the market on its trading on Monday, ahead of its results for the year to 31 January, which are due to be announced in early April.
Directa Plus gets Italian patent for tyre applications
Graphene-based products producer and supplier Directa Plus announced on Monday that the Ufficio Brevetti e Marchi - the Italian patent and trademark office- has granted it a patent for the product and application of its new graphene-based solution for enhancing the performance of tyres.
Baron Oil nets North Sea Option Agreement
Baron Oil’s share prices have skyrocketed on Monday after it announced it has entered into an option agreement to take a stake in a UK North Sea licence.
Kin shares to be suspended as it hunts for reverse takeover offers
Kin Group updated the market on its states as a cash shell under rule 15 of the AIM rules on Monday - a status it entered into on 30 August last year, when its principal trading subsidiary appointed administrators.
Diurnal finds partner to break Australia and New Zealand markets
Specialty pharmaceutical company Diurnal Group announced a marketing and distribution agreement with specialised Australian pharmaceutical firm Emerge Health on Monday.
MedaPhor launches new lifelike ultrasound simulation trainer
Ultrasound software and simulation company MedaPhor Group announced the launch of its new BodyWorks Eve simulator platform on Monday, which it described as an ultra-realistic manikin-based simulator to train medical professionals practising point-of-care ultrasound (PoCUS) across emergency medicine and critical care.
RBC reiterates 'outperform' rating on Petra Diamonds, but drops target price to 85p
Analysts at RBC Capital Markets took a look at Petra Diamonds on Monday morning, saying that despite the waiver to its December covenant test - together with the revisions to its June and December 2018 tests - had improved its outlook, the company was still slightly offside the revised covenants, and that significant general ramp-up risks still remained at Cullinan "in what remains a volatile wider market".
Unexpected delay arises in Quadrise boiler trial project
Quadrise Fuels International updated the market on its planned combustion boiler trial project in the Kingdom of Saudi Arabia on Monday.
Hardide trading in line ahead of first half results
Investors in Hardide were told of how the company was continuing to trade in line with expectations at its annual general meeting on Monday.
McColl's like-for-like sales head south after Palmer and Harvey enters administration
Neighbourhood retailer McColl's saw total revenue jump 19. 1% to £1. 13bn in the twelve months leading to 26 November, but disruptions to its supply chain in the wake of wholesaler Palmer and Harvey entering into administration hit sales after the reporting period.
UK meat supplier Russell Hume goes into administration
Meat supplier Russell Hume was placed into administration on Monday with the loss of more than 260 jobs after an investigation by the Food Standards Agency led to a major product recall.
Green reportedly eyes Arcadia sale; MPs warn on pension deficit
Retailer Sir Philip Green is reportedly in talks on a full or partial sale of his Arcadia empire to Chinese interests, UK media reported on Monday, sparking concerns about how pensioners would be protected if a deal was agreed.
Balfour Beatty sells further 5% stake in Connect Plus
Infrastructure group Balfour Beatty has announced the sale of an additional 5% in Connect Plus, the company which operates the M25 orbital motorway, to funds managed by Equitix for £42m in cash.
BATM ups 2018 guidance on the back of strong second half results in 2017
Real-time networking solutions provider BATM Advanced Communications told investors on Monday that full-year revenue would come in ahead of market expectations after its networking and cyber division, and its biomedical wing, both saw stronger than expected growth throughout 2017.
United Oil and Gas appoints Kenmare's Graham Martin to board
London-based investment firm United Oil and Gas appointed Kenmare Resources director Graham Martin to the board as a non-executive chairman with immediate effect.
Baker Steel Resources' largest investment offloads Russian silver mine
Guernsey-based investment company Baker Steel Resources advised investors that Polar Acquisitions (PAL), its largest investment, has agreed to sell its interest in the Prognoz silver mine in Russia to its Channel Island neighbour, Jersey-based Polymetal International, in a deal worth more than $70m.