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President Energy upbeat on fracking results from Puesto Flores

Argentina-focussed upstream oil and gas company President Energy updated the market on its fracking operations at the Puesto Flores field in Rio Negro province on Tuesday.

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Surface Transforms wins brake disc contract from German customer

Surface Transforms has been notified of its selection as a tier one supplier of a carbon ceramic brake disc to an unnamed major German automotive company, it announced on Tuesday, which it had previously described as ‘OEM 5’.

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BigDish looks to boost profile with Oceanic Media deal

Restaurant yield management platform operator BigDish has signed an exclusive partnership with Oceanic Media, it announced on Tuesday.

Trinity meets production expectations as it begins drilling campaign

Trinidad and Tobago-focussed exploration and production company Trinity Exploration & Production updated the market on its operations for the three months ended 30 June on Tuesday, reporting that production volumes over the quarter were successfully maintained across its assets at an average of 2,996 barrels of oil per day, in line with expectations.

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Expansion-hungry Gateley reports record revenue figure

Legal and professional services group Gateley reported a 20. 2% improvement in revenue in its preliminary results on Tuesday, to £103. 5m.

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Fulham Shore sees earnings rise as it expands restaurant estate

Fulham Shore reported revenue growth of 17% in its final results on Tuesday, to £64. 0m, which the board said was primarily driven by good trading in its existing restaurant estate.

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Intosol completes first tranche payment for Oceans Wilderness hotel

Luxury travel company Intosol Holdings announced on Tuesday that, in accordance with its agreement to purchase nine-bedroom boutique hotel Oceans Wilderness, located in the Garden Route in South Africa, it has satisfied the payment of the first €367,348. 28 tranche of the total consideration of €1. 97m.

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CRH offloads European distribution business in EUR 1.64bn deal

Building materials group CRH has reached agreement to divest of its Europe distribution business to private equity funds managed by Blackstone, it announced on Tuesday, for an enterprise value of €1. 64bn (£1. 48bn), payable in cash.

Rio Tinto warns of Mongolia costs blowout, CRH to offload Europe distribution business

London open The FTSE 100 is expected to open 11 points lower on Tuesday, having closed up 0. 34% at 7,531. 72 on Monday.

15 Jul
US close: Markets finish higher after choppy session

Stocks on Wall Street finished in the green on Monday, having surged to new highs during the previous week after Federal Reserve chairman Jerome Powell hinted that an interest rate cut could be on the horizon.

15 Jul
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Motif Bio submits meeting request to FDA over iclaprim situation

Clinical-stage biopharmaceutical company Motif Bio has submitted a meeting request and package to the US Food & Drug Administration (FDA) related to its lead product candidate ‘iclaprim’, it said on Monday.

15 Jul
Portmeirion buying US homewares firm Nambe in $12m deal

Homewares manufacturer and distributor Portmeirion Group announced the acquisition of US based premium homewares business Nambé on Monday, for a cash consideration of $12m.

15 Jul
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Geographic diversity providing stability for Hydrogen Group

Specialist recruitment company Hydrogen Group updated the market on its trading for the six months ended 30 June on Monday, reporting that it had continued to trade in line with its expectations.

15 Jul
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Spectra Systems signs on European lottery customer, renews with US operator

Banknote authentication and brand protection specialist Spectra Systems Corporation has been selected by an unnamed “major” European lottery to provide its ‘Premier64 Integrity’ internal control system (ICS), it announced on Monday.

15 Jul
Asia report: Markets mixed as China GDP growth slows further

Markets in Asia finished in a mixed state on Monday, as investors reacted to fresh GDP data from China which suggested a seriously slow rate of growth for the world’s second-largest economy.

15 Jul
Egdon Resources issues positive update from Biscathorpe-2

Egdon Resources issued what it called a “positive update” on Monday on the Biscathorpe-2 exploration well drilled at Petroleum Exploration and Development Licence PEDL253, located in Lincolnshire, where it held a 35. 8% interest.

15 Jul
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Alpha Growth achieves 'several milestones' in second quarter

Financial services specialist Alpha Growth released a quarterly update on Monday, reporting that through the second quarter it achieved “several” milestones, and continued to advance its other strategies.

15 Jul
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Location Sciences ropes in Andy Roberts to strengthen advisory panel

Location data verification and analytics provider Location Sciences announced the appointment of Andy Roberts to strengthen its advisory panel on Monday.

15 Jul
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Providence agrees another extension as APEC submits Barryroe payment

Ireland-based energy company Providence Resources released a commercial and operational update in relation to Standard Exploration Licence 1/11 on Monday, which contains the Barryroe oil accumulation.

15 Jul
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Tertiary Minerals reports two target zones for zinc-silver at Paymaster

Tertiary Minerals advised on Monday that initial follow-up field reconnaissance of soil anomalies at its recently-acquired Paymaster Polymetallic Project in Nevada had identified two zones of zinc-silver mineralisation for follow-up exploration and drilling.