Company News
Kolar shareholders approve name change to Lionsgold
India and Finland-focussed gold explorer and trading exchange provider Kolar Gold announced late on Thursday that at the extraordinary general meeting held during the afternoon, the resolutions proposed were duly passed.
Regional REIT acquiring £129m Conygar property portfolio
Regional office and industrial property-focussed Regional REIT announced on Thursday that it has reached an agreement with The Conygar Investment Company to acquire UK regional office, industrial and retail, and retail distribution investment properties owned by Conygar, valued at £129m.
International Personal Finance appoints Lockwood as permanent CFO
International Personal Finance has appointed Justin Lockwood as its new chief financial officer after he assumed the role on an interim basis back in September.
Atalaya Mining to buy 10% stake in Spanish copper project
Atalaya Mining is to buy a 10% stake in Cobre San Rafael, a subsidiary of Explotaciones Gallegas, in order to increase its interest in the Touro copper project in Spain.
Aussie firm Ansell suing Reckitt over their rubbers
Australian rubber manufacturer Ansell announced on Thursday that it filed a patent infringement lawsuit against Reckitt Benckiser Healthcare UK, for their distribution of the ‘Durex RealFeel’ condom.
Friday preview: Banks stay in focus as RBS, StanChart report
Friday sees the release of more bank earnings, with Royal Bank of Scotland and Standard Chartered on the slate following numbers from HSBC, Lloyds and Barclays earlier in the week.
Small cap news round-up
Antalya Mining is to buy a 10% stake in Cobre San Rafael, a subsidiary of Explotaciones Gallegas, in order to increase its interest in the Touro copper project in Spain.
Deltex confirms major monitor orders
Oesophageal doppler monitoring supplier Deltex Medical Group announced that it received confirmation of monitor orders worth over £0. 2m on Thursday which, as indicated in the trading update announced on 18 January, had moved into 2017 due to the rescheduling of capital allocations in a small number of hospitals.
Macfarlane Group makes 'good' sales progress
Macfarlane Group posted its annual results for the 2016 calendar year on Thursday, reporting it made further “good progress” in with sales of £179. 8m, up 6% on the previous year.
Barclays plans early closure of bad bank as full year profits rise
Barclays posted fourth-quarter results shy of consensus and cut its dividend, as expected, but said it would complete its restructuring six months earlier than previously planned.
Broker tips: Halfords, Inmarsat, Hays
Halfords slumped on Thursday as Peel Hunt downgraded its stance on the stock to ‘sell’ from ‘hold’ and cut the price target to 325p from was 350p.
Results round-up: Barclays, BAE Systems, Centrica, BAT
Barclays posted fourth-quarter results shy of consensus and cut its dividend, as expected, but said it would complete its restructuring six months earlier than previously planned.
Conygar Investment Company to sell property portfolio for £130m
AIM-listed Conygar Investment Company is to sell its investment property portfolio to Regional Commercial Midco (RCM) for £129. 8m, a modest premium to the portfolio’s valuation of £129. 51m at end of last September.
NAHL Group rallies on MoJ personal injury claims changes
NAHL Group, the AIM-listed owner of the National Accident Helpline, saw its shares jump following press reports on the Ministry of Justice's proposed changes to personal injury claims.
Challenger bank Monzo raises £20m
Technology-focussed challenger bank Monzo revealed details of a mammoth new funding round on Thursday, confirming details that had been circulating in City chatter since earlier in the week.
RSA Insurance full year profits up 25%; raises cost cuts target again
RSA Insurance reported a 25% jump in full year operating profits to £655m as it lifted its annualised cost savings target for the third time to more than £400m from £350m.
BlueRock Diamonds says claims over expenses by former CEO are 'without merit'
Shares fell over 8% in BlueRock Diamonds on Monday as the miner said that following an investigation over claims for expenses at its one of its subsidiaries by a former chief executive were “without merit”.
Hansard Global posts lower H1 loss and flat interim dividend
Shares in Hansard Global are down almost 10% after reporting a lower first-half pre-tax profit, as it noted a continuing trend of well-diversified new-business growth.
Morgan Sindall swings to profit as all divisions perform well
Construction services group Morgan Sindall swung to a profit in 2016 thanks to a solid performance in all its divisions.
GlaxoSmithKline hails success in asthma medication trial
GlaxoSmithKline reported encouraging results from clinical tests on asthma sufferers of its Relvar Ellipta inhaler treatment.