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.
AIM-listed XLMedia, a provider of digital performance marketing, has announced the acquisition of bingo comparison site WhichBingo. co. uk for an undisclosed sum.
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.
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.
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.
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.
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.
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.
Medical imaging development firm Feedback has formulated a new company structure by merging two subsidiaries it acquired in 2014, the company said on Monday.
Bio-based polymer developer Itaconix announced on Monday that it has achieved a significant improvement in first quarter revenues despite adverse currency movements.
British multinational beverages company Diageo will invest a total of £150m over the next three years into Scotland's whisky tourism industry.
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.
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.
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".
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.
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.
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.
Computing, power and communications products manufacturer Solid State has won a distribution franchise with power solutions firm VPT.
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.
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.