Company News
Friday preview: Manufacturing PMIs in focus
Manufacturing sector conditions on both sides of the Atlantic will be in focus at the end of the week, especially those on this side of the Pond, and in the euro area more specifically.
SDX confirms prospectivity at Egyptian and Moroccan assets
North Africa focused oil and gas company SDX Energy has confirmed prospectivity at its SD-1X and SD-4X discoveries in the Abu Madi horizon in Egypt.
Goldman Sachs considering cryptocurrency expansion
US investment bank giant Goldman Sachs is exploring the possibility of expanding the cryptocurrency trades that it currently handles, according to chief operating officer David Solomon.
Web.com agrees to be bought by Siris Capital in $2bn deal
Web. com Group, a provider of internet services and online marketing solutions, has agreed to be bought by an affiliate of Siris Capital Group in an all-cash deal valued at around $2bn.
Dalradian Resources' shares rocket after C$537m Orion bid accepted
Mineral exploration and development firm Dalradian Resources on Thursday confirmed that it has received and accepted a takeover bid from Orion Mine Finance of C$537m.
Sainsbury's deal needs more clarity, Shore analysts say
Sainsbury’s takeover of Asda could get competition clearance but much about how the deal will play out remains unclear, Shore Capital analysts said.
Residential Secure Income buys Luton council housing
Residential Secure Income has exchanged contracts to acquire a freehold residential building benefitting from a lease to a local authority and used to provide housing under the local authority's statutory obligations for a total consideration of £21. 3m, it announced on Thursday.
Eden Research to push new products onto market
Investors in biopesticide and microencapsulation technology company Eden Research were told of how they could soon see crop protection, animal health and consumer products on the market, as the gathered in London for their annual general meeting.
Schroder European buys freehold logistics property in France
Schroder European Real Estate Investment Trust has exchanged contracts to purchase a freehold logistics property in Rumilly, southern-eastern France, for €8. 6m, it announced on Thursday, reflecting a net initial yield of 7. 0%.
Pembridge Resources begins roadshow to raise Minto acquisition funds
Pembridge Resources said on Thursday that, further to it announcements on 15 February and 11 June, it was beginning its its roadshow to raise proceeds of approximately $40m by way of a placing of ordinary shares, to fund its acquisition of Minto Explorations from Capstone Mining.
Koovs lands social media campaign with influential Bollywood star
AIM traded India-based Western-style fashion brand Koovs plc on Thursday landed a social media fashion collaboration with Bollywood icon Taapsee Pannu.
Dunedin Smaller Co's proposes merger with Standard Life UK trust
London-listed investment trust Dunedin Smaller Companies has agreed, in principle, to a merger with Standard Life UK Smaller Companies Trust after undertaking a strategic review of the company and its position in the UK smaller companies sector.
UK cancer cases to rise by 80% by 2035
The number of elderly people in the UK diagnosed each year with cancer is set to rise by 80% in less than two decades, a report from Cancer Research has predicted.
Echo Energy shares boosted by 'significant hydrocarbons' at Argentine asset
Echo Energy has identified "significant hydrocarbons" in the EMS-1001 onshore well on the Fraccion C licence in Argentina, the company told investors on Thursday.
Greatland recovers multiple gold nuggets in first days at Black Hills licence
AIM-listed base metals exploration and development company Greatland Gold has recovered multiple pieces of gold in the first few days of fieldwork at its wholly-owned Black Hills licence in the Paterson region of Western Australia.
Oxford Metrics appoints former HP division chief as non-executive director
International software firm Oxford Metrics on Thursday expanded its board to four members with the appointment of David Quantrell to the role of non-executive director with immediate effect.
MoD suppliers' shares fall after May questions defence spending
Shares of Melrose Industries, BAE Systems and other suppliers to the Ministry of Defence fell after the Prime Minister was reported to have questioned the department's spending plans.
Microsaic finalises Slovakian distribution agreement
Mass spectrometry instrument developer Microsaic Systems has signed a distribution agreement covering Slovakia.
BP walks away from Woolworths retail deal
BP has decided to call of an agreed acquisition of Woolworths' petrol and convenience store network across Australia.
Silence Therapeutics chief scientific officer resigns
RNA therapeutics development firm Silence Therapeutics has appointed Richard Jenkins as head of clinical development, with Torsten Hoffmann resigning as chief scientific officer with immediate effect.