Company News
Empyrean Energy confirms four new gas zones at Dempsey 1-15
Empyrean Energy confirmed the existence of four gas zones in the shallower parts of its Dempsey 1-15 well in Sacramento, California which the company believes will provide enough cash-flow to at least cover the costs of the well, as they had hoped for.
Total to buy Maersk oil and gas division for $7.45bn
Danish shipping company Moller-Maersk has agreed to sell its oil and gas division, Maersk Oil, to Total for $7. 45bn in a combined share and debt transaction.
Mercia Technologies completes £2m follow-on investment in Oxford Genetics
AIM-listed Mercia Technologies has completed a £2m follow-on direct investment into synthetic biology company Oxford Genetics.
BT's EE to challenge Ofcom mobile spectrum auction rules
BT’s mobile arm EE was said to be planning a legal challenge against telecoms regulator Ofcom on Monday, over its planned auction of new mobile spectrum.
Scisys signs strategic contract with German broadcaster
Scisys said on Monday that its subsidiary, Annova Systems, has signed a strategic €0. 8m contract with the German public broadcaster ARD-aktuell for a cross-media planning portal for its national prime news programmes.
Spectra Systems soars after confident trading update
Spectra Systems announced Monday it had seen strong trading in the year to date thanks to unexpectedly high sales of its phosphor products and a full year of stronger margins in its in-house manufacturing.
Elecosoft finance director stands down
AIM-listed software as a service provider Elecosoft announced on Monday that group finance director David Pearson had left the company.
Chinese conglomerate HNA increases stake in Dufry
Despite new guidelines issued on Friday by the Chinese cabinet to regulate overseas investment in certain sectors, Hainan based conglomerate HNA Group announced it had completed the acquisition of a 16. 2% stake in airport retailer Dufry AG on Monday.
TBC Bank post big increase in 1H profits as economy speeds ahead
TBC Bank, the main holding company for Bank of Georgia, reported a sharp increase in profits as business surged on the back of buoyant economic growth.
Sempra Energy to buy Oncor for $9.45n
Sempra Energy has agreed to buy Energy Future, the indirect owner of 80% of Texas utility Oncor, beating off Warren Buffett's Berkshire Hathaway.
Rathbone Bros confirms merger talks with Smith & Williamson
Investment manager Rathbone Brothers confirmed on Monday that it was in exclusive merger talks with financial services provider and corporate adviser Smith & Williamson, as the wave of consolidation continues in the wealth management sector.
Sylvania Platinum exceeds full-year output forecast, boosting cash position
Sylvania Platinum posted sharp increases in both top and bottom-line growth as output from its Sylvania Dump Operations reached a fourth consecutive annual record.
Shaftesbury to buy Berwick Street leasehold
FTSE 250 real estate investment trust Shaftesbury has entered into a contract with PMB Holdings to acquire a long-leasehold interest in 90-104 Berwick Street, London W1, at £38. 5m.
Wood Group awarded five-year contract by Philips 66
Wood Group has been awarded a five-year, multimillion dollar contract by Phillips 66 to provide supplemental maintenance services and support for small capital construction projects and turnarounds to the Sweeny Refinery, approximately 65 miles southwest of Houston, it announced on Monday.