Company News
Thursday preview: Jackson Hole symposium in the spotlight
The spotlight on Thursday will be on the start of the Federal Reserve bank of Kansas City's annual economic symposium, with traders eager for any hints or clues from which the central bankers gathered at the event might drop.
Pressure from investors forces BHP board changes
BHP chairman, Jac Nasser, announced on Wednesday that Grant King, a non-executive director, will not stand for re-election to the board "owing to concerns expressed by some investors. ".
Entu negotiating with last remaining interested party
Shares of Entu hit the skids after the company announced it failed to conclude a deal to refinance the group with its preferred investor, forcing it to proceed with urgency with the one remaining interested party.
Garry Watts to remain with CCEP for a bit longer
Coca-Cola bottler Coca-Cola European Partners said on Wednesday that the circumstances which led Garry Watts to resign as a member of the board in May had now “changed”.
Bupa to sell part of its UK care home business
Private healthcare provider Bupa announced an agreement to sell part of its UK care home business to HC-One on Wednesday, subject to regulatory approval, in a transaction totalling around £300m.
Minco shares suspended as Dalradian takeover progresses
Minco’s shares were suspended from trading on AIM on Wednesday, after its shareholders voted to approve the scheme of arrangement that would implement the offer by Dalradian for all of the share capital of Minco on 26 July.
Sylvania Platinum buys back 1.5m shares
Sylvania Platinum announced on Wednesday that 1,498,248 ordinary shares of one US cent each in the company were repurchased at 10. 7274p per ordinary share on Tuesday, and would be held in treasury to satisfy future management awards.
Horizon Discovery completes placing ahead of Dharmacon acquisition
Gene editing technology company Horizon Discovery Group confirmed on Wednesday that 39,024,390 placing shares had now been admitted to trading on AIM, raising gross proceeds of £80m.
ITI Capital acquires 100% stake in Walbrook Capital
UK based broker-dealer, ITI Capital announced on Wednesday it had acquired a 100% stake in Walbrook Capital Markets, furthering its presence in the UK.
Laura Ashley cancels final dividend
Laura Ashley saw its top-line shrink over the past financial year partly as a result of weakness in sterling, even as it expanded its international presence in India and China, and said it would eliminate its final dividend.
Shell starts production at Niger Delta project
Anglo-Dutch oil giant, Royal Dutch Shell announced on Wednesday that following the reported success of the first phase of the project it had commenced gas production from the second phase of its Gbaran-Ubie project located in the Niger Delta region of Nigeria.
Green & Smart pleased with recent progress
Malaysian palm oil-focussed renewable energy company Green & Smart Holdings issued an update on the progress it has made on various projects and regarding its financing arrangements on Wednesday.
Savannah begins first phase of pre-feasibility at Mutamba
Resource development company Savannah Resources announced on Wednesday that phase one of the pre-feasibility study into the potential development of the Mutamba Mineral Sands Project in Mozambique had now commenced.
Sky and HBO take minority stakes in production company Bad Wolf
Sky and HBO have each taken a minority stake and seats on the board of transatlantic production company Bad Wolf, which is co-sited in Los Angeles and South Wales.
Finsbury looking to shutter Grain D'Or business
Speciality bakery manufacturer of cake, bread and morning goods Finsbury Food Group is proposing to close its Grain D'Or business, it announced on Wednesday.
CityFibre execs get their incentive shares
Designer, builder, owner and operator of fibre optic infrastructure CityFibre announced on Wednesday that on 22 August, it granted nil-cost options over a total of 11,285,057 ordinary shares - representing approximately 1. 78% of its issued share capital - under the company's long term incentive plan.
Global Invacom shows off streaming tech at Fringe
Satellite communications equipment provider Global Invacom Group has successfully live-tested “breakthrough” technology, it said on Wednesday, which permits live, high quality and large-scale event video streaming over a Wi-Fi network.
Empyrean expects initial resource estimates for Jade and Topaz within weeks
Empyrean Resources said it had successfully completed the seismic survey for its 29/11 block offshore China on schedule, including additional data to help evaluate a possible tie-in between its Jade and Topaz prospects and an existing neighbouring oil discovery.
Rising costs negate revenue improvement at Robinson
Plastic and rigid box designer and manufacturer Robinson reported a 6% improvement in first-half revenue on Wednesday, to £13. 5m, which its board said was lifted by “favourable exchange rates” and higher resin prices being passed on to customers.
Premier African Minerals ups stake in Circum
Premier African Minerals agreed to acquire an additional interest in Circum Minerals from Sabona Investment.