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16 Apr
port arthur refinery
Credit Suisse raises Brent/WTI forecasts for 2018 and 2019

Credit Suisse has raised its 2018 oil price forecasts, predicting that those higher prices would hold during the following year even as OPEC barrels returned to the market.

16 Apr
bingo portada
XLMedia buys bingo comparison site WhichBingo

AIM-listed XLMedia, a provider of digital performance marketing, has announced the acquisition of bingo comparison site WhichBingo. co. uk for an undisclosed sum.

16 Apr
Gold bars, coins, mining, metals
Shanta Gold records profit for the first time

East Africa-focussed gold producer, developer and explorer Shanta Gold released its audited final results for the year ended 31 December on Monday, reporting revenue of $103. 4m, up from $107. 1m, at an average realised gold price of $1,263 per ounce, compared to $1,220 per oz in 2016.

16 Apr
Horse Hill progress leads Primorus portfolio in first quarter

Primorus Investments updated the market on its portfolio for the quarter ended 31 March on Monday, highlighting that Horse Hill Developments received final decision notices from Surrey County Council, discharging all of the pre-commencement conditions for the extended flow test of the HH-1 oil discovery, with site civil activities beginning.

16 Apr
asos fashion millennials
Credit Suisse downgrades ASOS after H1 results, but it's still a 'buy' for Shore

Credit Suisse cut its stance on ASOS to 'underperform' from 'neutral' on Monday and slashed the price target to 6,075p from 7,050p, saying the first-half results exposed some of the challenges of its growth model as customer growth moderated and the tailwind from FX this past year and a half largely ran its course.

16 Apr
London midday: FTSE dragged lower by energy shares, stronger pound

London stocks extended losses by midday on Monday, weighed down by energy shares and a stronger pound, as investors continued to assess the impact of US-led airstrikes in Syria at the weekend, although Whitbread and Shire were bright spots.

16 Apr
gold bars precious
Anglo Asian Mining celebrates bumper first quarter

Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on production, sales and operations at its Gedabek gold, copper and silver mining and production contract area in the west of the country for the three months to 31 March on Monday, reporting a 26% increase in year-on-year gold equivalent ounce production.

16 Apr
metal tiger
Metal Tiger joint venture seeks approval for Botswana work

Strategic natural resource opportunities investor Metal Tiger updated the market on its 30-70 joint venture project with MOD Resources in Botswana’s Kalahari Copper Belt on Monday, reporting that an application has been lodged with the Botswana Department of Environmental Affairs for an environmental management plan for drilling within the 697 square kilometre T20 Dome complex.

16 Apr
Pharmaceuticals, drugs, health, medical
Feedback streamlines structure and shuffles board in strategy review

Medical imaging development firm Feedback has formulated a new company structure by merging two subsidiaries it acquired in 2014, the company said on Monday.

16 Apr
Growing customer base yields revenue boost for Itaconix

Bio-based polymer developer Itaconix announced on Monday that it has achieved a significant improvement in first quarter revenues despite adverse currency movements.

16 Apr
ep diageo
Diageo announces £150m investment into Scottish whiskey tourism

British multinational beverages company Diageo will invest a total of £150m over the next three years into Scotland's whisky tourism industry.

16 Apr
Oil & gas refinery, energy
Frontera Resources shares dip in the face of Georgian legal challenges

Independent oil and gas exploration and production firm Frontera Resources has become embroiled in a legal dispute concerning a production sharing contract (PSC) at its block 12 licence in Georgia, the company said on Monday.

16 Apr
London Stock Exchange AIM LSE shares
Draper Esprit's primary potfolio strengthened in 'active year'

AIM-quoted venture capital firm Draper Esprit saw another active year leading to an anticipated 50% increase in the value of its gross primary portfolio to £244m.

16 Apr
Oil & gas refinery, energy
Echo Energy's 'transformational year' results in broadly flat losses

South and Central American focused upstream oil and gas firm Echo Energy posted broadly flat losses from the twelve months leading to 31 December as a result of what its chairman referred to as a "transformational year for the company".

16 Apr
Wall street america US USA signs
US pre-open: Stocks to rise ahead of earnings, retail sales; Syria worries recede for now

US stocks pointed to a positive open on Wall Street on Monday as investors kept an eye on geopolitics after the US-led airstrikes in Syria at the weekend, with more earnings and data on tap.

16 Apr
First Property sees 2018 results in line with market expectations

AIM-listed property fund manager and investor First Property said on Monday that its full-year pre-tax profit for 2018 should be in line with market expectations.

16 Apr
'Major tyre maker' hires Versarien for graphene testing

Engineering solutions firm Versarien announced on Monday that it has secured a purchase order from a leading European tyre producer for the company’s graphene variant nanene for testing purposes.

16 Apr
computer chip technology computers
Solid State lands exclusive UK distribution rights from VPT

Computing, power and communications products manufacturer Solid State has won a distribution franchise with power solutions firm VPT.

16 Apr
citla energy
Columbus Energy eyes acquisition of Icacos field asset

Oil and gas producer Columbus Energy provided investors with a confident update on Monday regarding its potential acquisition of the Icacos field on the south-west peninsula of Trinidad.

16 Apr
bashar el assad siria peru
Europe open: Slight gains for shares amid lingering geopolitical concerns

Stocks have started the week higher for the most part, albeit in a slightly uneven fashion following the missile strikes that were conducted over the weekend by the US, Britain and France against Syrian installations linked to the country's chemical weapons programme.