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Big Sofa Technologies secures agreement with another US firm
Big Sofa Technologies announced a further service agreement with an unnamed global technology company based on the west coast of the United States for its proprietary, video-based collaboration system, along with an initial commission under that service agreement.
WANdisco partners with analytics firm Databricks
Live data provider WANdisco announced a partnership with unified analytics firm Databricks on Tuesday, in a bid to “accelerate and dramatically simplify” the migration of on-premises Hadoop analytics workloads to Azure Databricks.
European Metals gets EUR 2m finance facility from suitor CEZ Group
European Metals Holdings announced on Tuesday that CEZ Group - one of central and eastern Europe's largest power utilities - has conditionally agreed to provide a €2m finance facility by way of a convertible loan.
Armadale Capital reports solid progress at Mahenge Liandu
Natural resources investment company Armadale Capital announced further confirmation that commercialisation plans for the Mahenge Liandu Graphite Project in Tanzania were continuing to advance on Tuesday, reporting that metallurgical test-work was progressing well, with initial work in line with expectations.
AfriAg investment target Apollon begins producing Jamaican cannabis oil
AfriAg Global has been advised by Apollon Formularies that it has now completed its first production of licensed medical cannabis oils at its processing facility in Negril, Jamaica, it announced on Tuesday.
Asia report: Markets mixed as RBA opens door to interest rate movement
Markets in Asia finished in a mixed state, as investors digested freshly-released minutes from the Reserve Bank of Australia which suggested the central bank was willing to adjust interest rates if economic conditions required it.
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.
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’.
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.
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.
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.
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.
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.
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.