Company News
CAP-XX cuts losses, 'optimistic' regarding new orders
CAP-XX has reported a 9% increase in sales revenues to A$1. 5m for the six months up to 31 December and compared to the same period of the previous year.
Sirius Minerals losses widen as its steams towards production
Sirius Minerals announced its results for the year ended 31 December on Tuesday, with the pre-revenue company’s loss before tax widening to £79. 25m from £23. 42m due to non-cash items as it begins to develop the world's largest polyhalite fertiliser deposit.
Great Western weathers storm as subzero temperatures hit drilling
Great Western Mining announced on Tuesday that M2 infill drilling at its Mineral Country prospect in Nevada proceeded successfully in spite of recent snow storms.
Cadence boosted as investee zeros in on double zinc project purchase
Cadence Minerals received a boost on Tuesday after its investee company Auroch Minerals announced its intentions to acquire two zinc projects in South Australia.
Equatorial Palm Oil expects first palm oil shipment in late 2018
Palm oil development and production company Equatorial Palm Oil (EPO) projected on Tuesday that its first shipment of crude palm oil would take place in Q4 2018.
Strategic Minerals purchase of Leigh Creek settles
Diversified mineral development and production company Strategic Minerals announced on Tuesday that, further to its announcement on 27 February, the acquisition of the Leigh Creek Copper Mine was now settled.
EQTEC forms 'strategic alliances' and secures sale to Welsh project
Industrial waste management company EQTEC has signed a new memorandum of understanding (MOU) with a consortium containing biomass power plant operator Brooke Energy and RAFAKO SA.
ProPhotonix confirms Ed Dolan is new finance chief
High-technology designer and manufacturer of LED illumination systems and laser diode modules ProPhotonix announced the appointment of Edward Dolan as its chief financial officer - a non-board position - with immediate effect.
Sainsbury's ups staff pay in £100m investment but some workers will be worse off
Sainsbury's has announced a £100m investment in its staff this year, which will take the base rate of pay to £9. 20 an hour from £8. 00, but the retailer is also getting rid of paid breaks and bonuses.
Wednesday preview: Rolls-Royce strategy update anticipated, L&G dividend eyed
Results from Rolls-Royce will be one of the main events on Wednesday, with reports that boss Warren East may unveil more job cuts as well as his strategy update.
JP Morgan downgrades Ultra Electronics to 'neutral'
JP Morgan has downgraded Ultra Electronics to ‘neutral’, citing a reduced outlook for 2018 earnings and increased competition for providing sonobuoys to the US Navy.
Just Eat delivers tasty results but extra toppings disappoint
Just Eat delivered better full-year results than had been expected, but increased investment in 2018 to cope with intense competition in the online food delivery market meant guidance disappointed like a day-old kebab.
Lab breakthrough could vastly improve electric car batteries
Electric car batteries could be charged significantly quicker and last much longer after a new laboratory discovery in the UK.
Amryt Pharma signs fifth distribution agreement in three months
Biopharmaceutical company Amryt Pharma announced further expansion in the Middle East on Tuesday, with a new distribution agreement.
Huntsworth grows profits despite declining revenues
Public relations and integrated healthcare communications firm Huntsworth saw operating profits grow across its subsidiaries in 2017 despite declining revenues in what it referred to as a year of "strong progress".
Elektron subsidiary cleans up successful trial with Food Standards Agency
The Food Standards Agency (FSA) has successfully completed a trial using digital software from Elektron Technologies’ Cambridge-based subsidiary Checkit, the company said on Tuesday.
Smurfit Kappa rejects bid approach from International Paper
Smurfit Kappa has rejected an "unsolicited and highly opportunistic" takeover approach for Europe's biggest cardboard box maker from International Paper of the US.
PureCircle narrows losses despite shrinking margins
Stevia ingredients firm PureCircle saw losses narrow in the six months leading to 31 December, bouncing back from a "difficult" financial year in 2016.
Ofgem commits to UK energy price cap by end of year
UK energy industry regulator Ofgem on Tuesday committed to implement a price cap on domestic bills by the end of the year, subject to legislation being passed this summer.
Falanx announces bookbuild to fund purchase of First Base
Intelligence, security and cyber defence provider Falanx announced a proposed fundraising and conditional acquisition of First Base Technologies on Tuesday.