Company News
ITM Power opens hydrogen station at Shell services
Energy storage and clean fuel company ITM Power announced the official opening of the first hydrogen station to be situated on a forecourt in the UK, alongside Shell, on Wednesday.
Small cap news round-up
International renewable energy, forestry management and timber processing business Active Energy provided an operations and trading update on Wednesday, on its three “standalone but complementary” divisions AEG CoalSwitch, AEG TimberLands and AEG WoodFibre.
JPMorgan and Morgan Stanley approached for Saudi Aramco IPO - reports
Saudi Aramco's attempt to bring about the world's largest initial public offering could be assisted by US investment banks JPMorgan Chase and Morgan Stanley, according to reports on Wednesday.
Taihua repurchases 7pc of share capital
Taihua announced the results of its tender offer on Wednesday, which was set out in the shareholder circular published on 6 February and which closed at 1300 GMT on 20 February.
Active Energy upbeat on CoalSwitch prospects
International renewable energy, forestry management and timber processing business Active Energy provided an operations and trading update on Wednesday, on its three “standalone but complementary” divisions AEG CoalSwitch, AEG TimberLands and AEG WoodFibre.
Bushveld Minerals to help change ownership of Vametco partner
Bushveld Minerals said it had agreed to help change the ownership of a Black Economic Empowerment (BEE) partner as part of its planned acquisition of Vametco.
Results round-up: Lloyds Bank, Barratt, Serco, Weir
Lloyds Bank more than doubled full year pre-tax profits to £4. 2bn from £1. 6bn in 2015 as it announced a special 0. 5p-a-share dividend.
Five major airlines ordered to pay flight delay compensation
Five major international airlines have lost their battle to avoid paying compensation to passengers for flight delays under European Union rules.
Gooch & Housego sees FY in line, buys US-based StringRay Optics
Gooch & Housego said it expects full-year trading to be in line with management’s expectations, as it announced an acquisition.
Unilever to conduct review after Kraft Heinz offer rejection
Consumer goods giant Unilever said it is conducting a comprehensive review of options available “to accelerate delivery of value" for the benefit of its shareholders, just days after it rejected an offer from US rival Kraft Heinz.
OneView Group wins key contract with Discount Tire Corp
Shares in OneView Group surged by almost two-thirds as it won a multi-million dollar annual cloud-based hosting deal with Discount Tire Corp, the world's largest independent tyre and wheel retailer.
Globalworth Real Estate Investments to buy Romanian car warehouse for €42.5m
AIM-listed Globalworth Real Estate Investments is to buy an automobile warehouse in Romania for about €42. 5m (£35. 9m), subject to regulatory approval.
Broker tips: Lloyds Bank, IMI, Fever-Tree, InterContinental Hotels
Lloyds Banking Group's capital and dividend strength is a “key attraction” for investors, said broker RBC Capital Markets after the bank brightened the sector with full year pre-tax profits of £4bn.
CORETX establishes new facility as it scales up operations
Mid-market network, cloud and IT managed services provider CORETX Holdings announced that it was establishing a new facility on Wednesday, to enhance its full ‘IT Lifecycle’ services which cover the deployment and secure management of new generation end user devices, in line with its strategy to meet customer demand for a broader range of IT managed services.
NetScientific investment launches biopsy system
Healthcare intellectual property commercialisation group NetScientific announced on Wednesday that its portfolio company, Vortex Biosciences, had begun the commercial launch of the VTX1 Liquid Biopsy System.
Christmas brings sweet numbers for Hotel Chocolat
Premium chocolatier and retailer Hotel Chocolat Group announced its interim results for the 26 weeks to 25 December on Wednesday, with proforma revenue up 12% to £62. 5m and reported revenue up 14% to £62. 5m.
Cairn Homes in North Dublin investment agreement with NAMA
Cairn Homes has completed an investment agreement, in which the National Asset Management Agency (NAMA) has a minority interest, to form a joint venture to build 71 residential units on a site adjoining its Parkside development in North Dublin.
Beowulf starts graphite drilling programme in Finland
Nordic-focussed mineral exploration and development company Beowulf Mining announced on Wednesday that drilling had started at its Aitolampi graphite prospect in Finland, part of its 100% owned exploration permit Pitkäjärvi 1.
Pan African posts solid half-year despite lower gold production
Pan African Resources posted its results for the six months to 31 December on Wednesday, with the group’s profit after taxation in rand terms increasing by 9. 8% to ZAR 249. 8m, while in sterling terms, it was up 28. 4% to £14m.
Lloyds Bank FY pre-tax profits soar to £4.2bn; pays special divi
Lloyds Bank more than doubled full year pre-tax profits to £4. 2bn from £1. 6bn in 2015 as it announced a special 0. 5p-a-share dividend.