Company News
Savannah Resources moves a step closer to Oman mining licences
Savannah Resources announced the issuance of letters of no objection from all eight ministries for both the Mahab 4 and Maqail South mining licence applications on Monday.
UK bookies surge as US Supreme Court overturns gambling ban
British bookmakers look set to tap into a gambling bonanza across the Atlantic after the Supreme Court gave permission for states to allow sports betting.
Oncimmune launches liver cancer biopsy product in US
Early cancer detection firm Oncimmune Holdings announced on Monday that it has launched a liver cancer biopsy in the US using its EarlyCDT platform.
Xerox abandons $6.1bn sale to Fujifilm to team up with activist investors
Tech firm Xerox pulled out of its $6. 1bn sale to Japanese company Fujifilm in the last minute after activist investors Carl Icahn and Darwin Deason argued against the deal.
MTI Wireless profits tumble after 'calculated' investments
Antennas manufacturer MTI Wireless Edge saw revenues dip just 1% in its past trading quarter, but profits decreased considerably as management took the "calculated long-term view" of increasing the level of investments in development and sales.
Tuesday preview: UK labour report, Vodafone, easyJet, Hargreaves
Tuesday's schedule contains some big company updates, including Vodafone, easyJet and LandSec, before a UK labour market report that will be scrutinised particularly closely after the Bank of England's recent backpedalling.
Allergy Therapeutics' latest data highlights benefits of adjuvant technology
Commercial biotechnology firm Allergy Therapeutics on Monday published new data highlighting its technology’s effectiveness as an adjuvant compared to existing treatments.
Verditek hopes to Lord it over competition with new finance chief
Verditek announced on Monday that Tim Lord has been appointed as chief financial officer with immediate effect following the news that Janet Donovan will step down from the board on 24 May.
Indivior settles with Par over delayed generic Suboxone
Indivior has reached a settlement to resolve patent litigation it had filed over its Suboxone treatment for opioid addiction against Par Pharmaceutical.
CML Microsystems sees 'pleasing performance' in second half
Semiconductors manufacturer CML Microsystems delivered a "pleasing performance" throughout the second half of its trading year that helped push full-year revenue and profitability ahead of the previous year.
Hostelworld appoints Gary Morrison as CEO as Mooney steps down
Feargal Mooney will step down as chief executive officer of hostel-focused online booking platform Hostelworld in June after 10 years in the role and will be replaced by Expedia executive Gary Morrison.
Sears rallies as it explores sale of Kenmore brand, other assets
Sears rallied on Monday after saying it is initiating a formal process to explore the sale of its Kenmore brand, home improvement products business and parts direct business.
Tern invests in surgical simulation firm FundamentalVR
Specialise ‘internet of things’ (IoT) investment company Tern has raised £0. 7m before expenses through an unconditional placing of 3,783,784 new ordinary shares, it announced on Monday.
Mirada board expresses sympathies after sudden death of chairman
Mirada’s board has confirmed the sudden death of the company's chairman Javier Casanueva on 12 May.
HSBC performs the world's first trade finance transaction using 'blockchain'
HSBC Holdings said on Monday it performed the world’s first trade finance deal using Corda, a single blockchain system.
Brave Bison launches advertising partnership with Unruly
AIM-listed social video company Brave Bison has launched an advertising partnership with video marketplace Unruly.
Caspian Sunrise warns of 'slower than expected' progress
Oil and gas developer Caspian Sunrise reported progress "in a number of areas" in 2017 but warned that progress had been "slower than expected" in 2018.
Nostra Terra shares slump after Texas well forced to shut down
Oil and gas firm Nostra Terra saw its shares dip on Monday after the company reported that operations have shut down at its C8 well in the Permian Basin, Texas.
Harvest Minerals gets KPfertil registered as remineraliser in Brazil
Natural fertiliser producer Harvest Minerals has been informed by the Ministry of Agriculture (MAPA) in Brazil that its application to register KPfértil as a remineraliser has been conditionally approved, pending the submission of additional materials.
Petro Matad prepares for Snow Leopard 1 drilling
Mongolian oil explorer Petro Matad updated the market on its planned 2018 exploration drilling programme on Monday, confirming that environmental permitting for Snow Leopard 1 was now complete.