Company News
MySQUAR integrates with Telenor Myanmar for carrier billing
Myanmar-language social media, entertainment and payments platform MySQUAR announced on Tuesday that it successfully integrated and utilised the carrier billing service of Telenor Myanmar - a leading Norwegian telecommunications provider operating in Burma since 2014, for MySQUAR's mobile applications and games.
London close: Surge in UK inflation sees sterling, FTSE lower with miners suffering
Stocks in London closed Tuesday convincingly lower as UK consumer inflation punched above 2% and market forecasts to send sterling lower amid dollar weakness, which served to undermine the Footsie and miners in particular.
Koovs to cash in on Duchess-love with new collection
Brazilian-born designer Daniella Helayel was set to collaborate with India-focussed online retailer Koovs for The Princess Collection, the firm announced on Tuesday.
OptiBiotix to float SkinBioTherapeutics subsidiary
Life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, OptiBiotix Health, announced on Tuesday that its majority owned subsidiary SkinBioTherapeutics intended to seek admission to AIM with an associated institutional and private client investment manager fundraising.
Small cap news round-up
Smart Metering Systems has lifted its full-year pre-tax profit and dividend after what it styled as a transformative year for the company.
Starwood receives full repayment on two portfolio loans
Starwood European Real Estate Finance announced on Tuesday that it received full repayment of the Dutch industrial portfolio and Danish industrial portfolio loans as a result of the sale of both portfolios, representing a total of approximately £51. 5m equivalent proceeds.
StratMin acquisition of Signature Gold a step closer
StratMin Global Resources’ acquisition of Signature Gold was one step closer on Tuesday, with shareholders in Signature being notified of the proposal.
Wednesday preview: Kingfisher, Savills numbers in focus
Wednesday's macroeconomic calendar was looking a little bare, particularly after all the excitement of UK inflation data, but on the corporate front, investors will eye the release of preliminary full-year results from estate agent Savills and full-year numbers from Kingfisher.
Tuesday broker round-up
Tullow Oil: Deutsche Bank upgrades to Buy with a target price of 330p.
Tertiary Minerals sells Finland gold assets for £100,000
AIM-listed explorer Tertiary Minerals has completed the sale of its non-core gold assets in Finland for £100,000 to Aurion Resources, a Canadian precious metals miner.
Google vows to combat 'derogatory content' after client withdrawals
Alphabet-owned Google has promised to take action in order to stem the flow of "hateful, offensive and derogatory content" which led to the withdrawal of several high-profile advertising clients last week.
Results round-up: Bellway, Vectura
Bellway hoisted its interim dividend 10% as the housebuilder enjoyed continued strong demand in the first half and maintained its targets for the full year as the second half got off to a strong start to the spring selling season.
Vectura recurring revenues rise following inhaler launches
Vectura, a maker of inhaled airways products, reported that revenue grew last year on the back of recently launched products, but its loss before tax widened due to one-off charges from its merger with Skyepharma.
Stock write-down sees Pittards swing to loss
Specialist producer of technically advanced leather and luxury leather goods Pittards announced its results for the year to 31 December on Tuesday, with revenue falling to £27. 0m from £30. 5m in the prior year.
Limitless Earth invests more in waste-to-porcelain firm Saxa Gres
Investment company Limitless Earth announced on Tuesday that it made a further investment in Saxa Gres, a private Italian company focussed on recycling industrial waste into the production of porcelain stoneware tiles.
Goldman Sachs to move 'hundreds' of workers from London in pre-Brexit contingency
Goldman Sachs is reportedly planning to move hundreds of its people out of London in a pre-Brexit contingency scheme, with the announcement coming as Downing St confirmed UK-EU divorce talks would be triggered later this month.
Bahamas Petroleum gets extension to southern licence obligations
Oil and gas exploration company Bahamas Petroleum Company updated the market on its activities on Tuesday, including a licence extension to its southern licences.
Green could receive £15m refund from BHS pension deal - MPs
Philip Green could get back up to £15m of his £363m payment into the pension scheme of collapsed retailer BHS, MPs said on Tuesday.
Broker tips: Tullow Oil, Esure, Berendsen, Hastings
Shares in Tullow Oil gushed higher on Tuesday as Deutsche Bank upped its stance on the stock to 'buy' from 'hold' and lifted the price target to 330p from 270p, saying the current price offers an attractive entry point.
UK banks 'handled vast sums of laundered cash' - report
Britain’s high street banks processed nearly $740m from a money-laundering operation run by Russian criminals with links to the Russian government and former domestic KGB spy service, the Guardian newspaper reported, citing documents it had seen.