Company News
Wednesday preview: Commons vote, Berkeley Group in focus
Brexit is looming large on investors' radar again ahead of Wednesday's Commons vote on Parliament's right to a 'meaningful vote' on a no-deal Brexit.
Urals Energy's shares storm despite weather disrupting Pacific project
Urals Energy saw its shares jump over 10% on Tuesday despite experiencing delays in the completion of its first well at the South Dagi programme.
Infrastrata appoints WSP as owner's engineer at Islandmagee project
Infrastrata on Tuesday entered into a contract with WSP Global to provide engineer services for the front end engineering and design (FEED) programme at the Islandmagee project.
Mayan Energy outlines plan for Zink Ranch
Oil and gas company Mayan Energy updated the market on its proposed low-cost development programme at the 1,520 net acre Zink Ranch Field in Oklahoma on Tuesday, in which it has a 100% working interest and a 75% net revenue interest.
Slingsby board still cautious after improvement in trading
Industrial and commercial equipment distributor HC Slingsby updated the market on its trading for the five months ended 31 May on Tuesday, as its investors gathered for its annual general meeting.
Gateley pleased with Hamer performance as it pays earn-out consideration
Commercial law and complementary professional services group Gateley Holdings announced on Tuesday that, in accordance with the acquisition agreement of Gateley Hamer - formerly Hamer Associates - a total earn out consideration of £0. 47m had been paid.
Europa signs on Addison to perform initial scoping study at Toral
Lead-zinc explorer Europa Metals has engaged the services of UK based Addison Mining Services, it announced on Tuesday, to begin an initial scoping study on its 100%-owned Toral lead, zinc and silver project in the Spanish province of Leon.
Former Bush administration member Chellaraj to retire from RhythmOne directorship
Advertising engagement firm RhythmOne on Tuesday confirmed that non-executive director Raj Chellaraj will retire from his role at the annual general meeting held on 13 July.
Rockhopper assets in Egypt making decent progress
Oil and gas company Rockhopper Exploration updated the market on its Egypt portfolio’s operations and corporate affairs on Tuesday, reporting that at Abu Sennan, where it has a 22% working interest, year-to-date average daily production had been maintained at around 4,000 boepd gross, or 880 boepd net to Rockhopper.
Aortech scores prosthetic heart collaboration with VFT
Biomaterials and medical device company Aortech International on Tuesday signed a development agreement with Vascular Flow Technologies (VFT) for the development of a synthetic heart valve.
KPMG criticised by regulator for 'unacceptable' audit deterioration
The accountancy regulator has criticised KPMG for an "unacceptable deterioration" in the quality of audits that the firm carries out for large UK companies.
IAG target Norwegian Air has had many approaches, CEO says
Norwegian Air Shuttle has had takeover approaches from a number of potential bidders and is open to a deal on the right terms, the airline’s chief executive said.
US pharma bosses say UK's life sciences position under threat
US pharma businesses have warned the government that the UK’s dominant position in life sciences is threatened by Brexit and the NHS’s slow adoption of new medicines.
Velocys enters sustainable fuel catalyst partnership with PQ Corporation
Renewable fuels firm Velocys on Tuesday partnered with PQ Corporation for the supply of commercial quantities of a catalyst incorporating Velocys' technology for use in multiple biorefineries.
Strong US markets boost Ferguson profit
Plumbing and heating products distributor Ferguson, formerly Wolseley, posted a 17. 1% jump in third-quarter trading profit on Tuesday thanks to strong US residential markets.
Regulator blasts water companies for winter leak failings
Regulator Ofwat has criticized water providers Thames Water, South East Water, Southern Water and Severn Trent for their poor handling of water supplies during the ‘Beast from the East’ earlier this year.
Flybe full-year losses narrow
Flybe said on Tuesday that its pre-tax loss narrowed in the year to the end of March 2018 as revenue and passenger numbers rose.
Roche to acquire Nasdaq-listed Foundation Medicine
Roche announced on Tuesday that it has entered into a definitive merger agreement with Nasdaq-listed Foundation Medicine, for Roche to acquire the outstanding shares of Foundation’s common stock not already owned by Roche and its affiliates, at a price of $137 per share in cash.
Alliance Pharma buys Asia-Pacific rights to Nizoral dandruff shampoo
Speciality pharmaceutical company Alliance Pharma has agreed to acquire exclusive marketing rights to medical anti-dandruff shampoo brand Nizoral in the Asia-Pacific region from Johnson & Johnson subsidiary Janssen Pharmaceutica, it announced on Tuesday, for a total consideration of £60m.
FastForward pours $2m into ageing therapy firm Juvenescence
FastForward Innovations has subscribed $2m for an approximate 0. 8% equity interest in Juvenescence, a British Virgin Islands incorporated private company developing therapies to slow, halt and potentially reverse ageing, it announced on Tuesday.