COMPANY NEWS
17 May
exploration well, oil & gas
Red Emperor's shares suffer as joint-venture agreement reworked

Red Emperor Resources announced on Thursday that it has entered into an amended heads of agreement with Oil Ventures Pty Limited for the acquisition of several strategic leases in California.

17 May
ep petroleo 20171124150804
Eland Oil & Gas drafts in rig for Ubima well

Resource production and development firm Eland Oil & Gas announced on Thursday that it has signed a rig contract with KCA Deutag for the T-57 land rig to workover the Ubima-1 well in Nigeria.

17 May
Finsbury Food cake
Real Good Food's shares slump after terms for cash injection finalised

Diversified food company Real Good Food announced on Thursday that it has finalised the terms of funding arrangements with its three major shareholders.

17 May
eports gfinity gaming
Gfinity shares boosted by appointment of sports industry titan

Esports company Gfinity PLC’s shares jumped on Thursday after the company announced the appointment of experienced sports executive Garry Cook as its new executive chairman.

17 May
Gambling, betting, gaming, bookies. Image: Taxrebate.org.uk
UK govt cuts FOBT maximum stake to £2

The UK government on Thursday cut the maximum stake on fixed-odds betting terminals (FOBTs) from £100 to £2 in a move that delighted anti-gambling campaigners and brought a mixed reaction from the industry.

17 May
calculatrice-et-trombones-comptes-entrepreneurs-entreprises-argent-finances-tpe-pme-entreprenariat-finances-banques-startup-business-plan-argent
Gresham House acquisition of FIM Services gets FCA green light

Specialist alternative asset manager Gresham House has received formal approval from the Financial Conduct Authority for the proposed acquisition of FIM Services by its wholly-owned subsidiary Gresham House Holdings, it announced on Thursday.

17 May
libra, esterlina, divisa, moneda, reino unido pound currency
Repeat business and new lines a winner for Churchill China

Hospitality ceramics manufacturer Churchill China has made “good progress” against its objectives in the year-to-date, its shareholders heard on Thursday.

17 May
Money coins pound
Ceramics and home fragrances drive growth at Portmeirion

Portmeirion Group reported a 15% rise in total group sales for the first four months of 2018 on Thursday, as its shareholders mustered for the company’s annual general meeting.

17 May
cash money sterling pound
Staffline trading in line despite tight labour market

Recruitment company Staffline traded in line with board and market expectations in the first four months of 2018, it said on Thursday, as investors gathered for its annual general meeting.

17 May
pound
Elecosoft starts 2018 strongly as revenue and profits rise

Elecosoft updated the market on its trading on Thursday, saying 2018 started “well” with revenue for the four months ended 30 April, based on unaudited management accounts, increasing by 7% year-on-year at both actual and constant rates of exchange.

17 May
Astrazeneca, pharmaceuticals, drugs, health, medical, tablets
Friday preview: All attention on AstraZeneca and Hikma numbers

After three packed days of company news, London's diary for Friday is much lighter, with quarterly numbers from drug makers AstraZeneca and Hikma getting the full attention of investors.

17 May
Mothercare, baby goods, retail
Mothercare swings to loss, confirms store closures and announces refinancing

Beleaguered mother and child retailer Mothercare has confirmed the closure of 50 stores, announced a refinancing package and said it was re-hiring chief executive Mark Newton-Jones, who stepped down last month, as it swung to a full-year pre-tax loss.

17 May
biopharma-laboratoire-recherche-medicale
Motif Bio looks to raise £10m via accelerated bookbuild

Clinical-stage biopharmaceutical company Motif Bio is looking to raise up £10m by way of a conditional placing with new and existing investors in order to assist the firm with regulatory and other investments for iclaprim, its novel antibiotic candidate.

17 May
gold nuggets
Avesoro Resources 'pleased' with assay result from Liberia drilling programme

Gold production, development and exploration firm Avesoro Resources announced reported on Thursday on the final assay results from its 55 hole New Liberty infill drilling programme in Liberia.

17 May
fracking, shale gas
UK govt launches fracking fund and planning service to help councils, developers

To speed planning permission for fracking projects in England, ministers have launched a fund to help local authorities deal with shale applications and a new 'planning brokerage service' to help both developers and local authorities with the application process.

17 May
ep adn genes genetica 20171129180328
Horizon Discovery 'sorry' to see departure of experienced director Jonathan Milner

Gene editing and gene modulation technology firm Horizon Discovery Group announced on Thursday that non-executive director Jonathan Milner is stepping down from his role with immediate effect.

17 May
 water treatment tank
Water Intelligence makes a splash as 'exciting journey' continues

Leak detection and remediation solutions firm Water Intelligence saw revenues and profits leap more than 45% in a trading year seen as a "jumping-off point" by directors.

17 May
softcat
Jefferies downgrades Softcat after share price strength

Softcat was under the cosh on Thursday as Jefferies cut the stock to 'hold' from 'buy' following recent share price strength.

17 May
euromoney awards
Euromoney posts solid first half filled with M&A activity

Euromoney Institutional Investor reported a “good” first-half performance in its interim results on Thursday, with total revenues up 3% to £209. 6m, and underlying revenues up 4%.

17 May
Fever-Tree, Fevertree, drinks, tonic
Fevertree trading in line as UK remains strong, US going to plan

AIM-listed posh mixers maker Fevertree Drinks said on Thursday that the first four months of this year have seen further progress after 2017 proved to be another year of strong growth, with "impressive" rates of sale growth and market share gains.