Latest News
Volga Gas revenues fall as its reserves shrink
Oil and gas exploration and production group Volga Gas issued its preliminary, unaudited annual results for the year ended 31 December on Friday, with sales volumes down 28. 3% to 4,677 barrels of oil equivalent per day (boepd).
Trakm8 positive about future as it continues to narrow its core focus
Telematics and data supplier Trakm8 Holdings updated the market on its trading for the financial year ended 31 March on Friday, reporting 26% growth in its core solutions business to £26. 9m, which drove 13% year-on-year headline revenue growth to more than £30m.
Greenstone investment in Serabi Gold completes
Serabi Gold announced on Friday that the share subscription by Greenstone Resources, as announced on 23 March, has been completed.
Live Company launches division to take LEGO shows on tour
Live Company Group announced the debut of a new division on Friday - BRICKLIVE Touring - which it said would take themed ‘BRICKLIVE’ shows on tour.
Mondi assessing potential investments after S&P upgrades
Packaging and paper company Mondi is considering its options to expand the Stambolijski mill in Bulgaria.
Cabinet supports Theresa May's call for action against Damascus
Prime minister Theresa May has received unanimous support from her cabinet to take action against Syrian president Bashar Al Assad’s regime after the alleged chemical attack on the city of Douma last week, which several countries - including the US, UK and France - believe was carried out by the Syrian government and its main allies, Russia and Iran.
Savannah Resources implements incentive plan for executives and management
Resource development company Savannah Resources announced on Friday that, upon the recommendation of its remuneration committee, it has approved the implementation of a long-term incentive plan prepared with advice from KPMG, and designed to incentivise its executive directors and other members of the senior management team.
Singapore to test facial recognition on 100,000 lampposts
Authorities in Singapore are planning to install face recognition cameras atop 100,000 across the city-state as part of a pilot-project to "perform crowd analytics" and protect the city from terror attacks. Despite those lofty goals, security experts and rights groups are showing concerns on the issue fearing privacy breaches.
Goldman adds Melrose to Conviction List, says it's fundamentally undervalued
Melrose Industries, which recently won its battle to take over engineer GKN, got a boost on Friday as Goldman Sachs added the buy-rated stock to its Conviction List.
Sector movers: Cyclicals lead amid varying degrees of caution among analysts
Cyclicals are clearly pacing gains in mid-afternoon trading, as stocks stabilise on the back of the more constructive news-flow on the international trade front. However, some strategists were a tad cautious.
Berenberg upgrades Ultra Electronics, says downside now limited
Berenberg upped Ultra Electronics to ‘hold’ from ‘sell’ on Friday, lifting the price target to 1,440p from 1,300p.
Burberry appoints Gerry Murphy as chairman
Luxury fashion brand Burberry has appointed former Kingfisher and Greencore chief executive Gerry Murphy as its new chairman, as John Peace leaves the group after 16 years.
Lionsgold Limited offers to increase TRAC holding to 100%
Gold focused exploration and development company Lionsgold Limited announced on Friday that it has made a £1. 35m share for share offer to increase its ownership in TRAC Technology to 100%.
Real Good Food to sell Garretts to Kent Foods for £1.8m
AIM-listed Real Good Food has agreed the sale of the business and certain assets of its non-core trading business, Garretts, to Kent Foods for around £1. 8m in cash.
Friday broker round-up
TalkTalk: RBC downgrades to sector perform with a target price of 125p.
Europe midday: Banks top gains as trade tensions ease
Investors are bidding stocks higher going into the weekend, with banks' shares near the top of the leaderboard, despite the still heightened tensions in the Middle East.
Crimson Tide turnover surges as it continues to invest in growth
Business mobility solutions provider Crimson Tide issued its unaudited preliminary results for the year ended 31 December on Friday, with turnover rising 22% to £2. 28m.
US pre-open: Stocks seen slightly higher as bank earnings roll in
US futures pointed to a slightly firmer open on Wall Street on Friday as investors kept one eye on geopolitical developments and the other on the latest earnings from banking giants JPMorgan, Wells Fargo and Citigroup.
Asia report: Markets mostly higher as Syria, trade fears ease
Markets in Asia finished mostly higher on Friday, as markets breathed a small sigh of relief after US president Donald Trump said missile strikes on Syria might not be as imminent as previously suggested.
London midday: Stocks flat as investors eye US earnings; Hammerson tanks
London stocks were steady by midday on Friday as investors kept an eye on the geopolitical situation, with the latest Chinese trade data in focus and US bank earnings eyed.