Company News
Savannah Resources upbeat on hydrogeological assessment results
Savannah Resources announced on Monday that the results of a hydrogeological baseline assessment would bolster the ‘in-principle’ approval of its proposed tailings storage facility, adding that key approvals relating to the Block 5 Mahab 4 and Maqail South mining licence applications for copper development in Oman had been received.
Angling Direct snaps up Birmingham's Fosters Fishing
Specialist fishing tackle and equipment retailer Angling Direct has acquired the entire issued share capital of Fosters Fishing for a total consideration of £3m, payable in cash, it confirmed on Monday.
Tuesday preview: Cash return expected with Ferguson finals
Results from Ferguson will be under the spotlight on Tuesday as analysts predict a not-insubstantial cash return, while Greggs and Electrocomponents both provide trading updates.
RWS swallows Article One Partners in $8m deal
Intellectual property support services provider RWS Holdings announced the acquisition of US-based IP information business Article One Partners on Monday, for a cash consideration of $8m.
Avacta establishes US commercial team
Affirmer biotherapeutic and reagent developer Avacta Group announced on Monday that it has established a commercial team of three people in the US, including the appointment of Dr Matthew Vincent as vice president therapeutics business development.
Uber's UK head stands down as CEO arrives in London
Jo Bertram has stood down from her role as head of operations for ride-hailing app Uber in northern Europe as the company's global chief executive, Dara Khosrowshahi, arrived in London in order to plead his case to Transport for London for the reinstatement of the firm's licence in the capital.
Time Out to open second US market in Boston
Media and entertainment business Time Out Group announced that it has signed a lease agreement for a new Time Out Market in Boston, with the benefit of planning for the site already secured.
Stanley Gibbons sells interiors assets to Gurr Johns
After a false start, Stanley Gibbons confirmed the successful sale of a big chunk of its interiors division on Monday, offloading its Dreweatts 1759 assets to Gurr Johns.
TfL names Blackhorse Road development partners
Transport for London has awarded a consortium formed between Barratt Developments and London & Quadrant as the preferred joint venture partner to develop a 1. 8 acre former car park opposite Blackhorse Road station in northeast London.
Baillie Gifford Japan Trust outperforms benchmark
Edinburgh-based investment company Baillie Gifford Japan Trust announced on Monday that it had beaten market expectations in its fiscal year ended 31 August thanks to above average performances from Japanese equities over the period.
AFC Energy cuts fuel cell power costs by nearly one third
UK-based industrial fuel cell power company AFC Energy said on Monday that both it and its partner Industrie De Nora had undertaken new initiatives aimed at significantly reducing the cost associated with hydrogen power.
Starcom CFO makes surprise resignation
Starcom announced on Monday that its chief financial officer Golan Hermolin has resigned with immediate effect.
Canadian Overseas Petroleum launches £2.5m fundraising
Calgary-based oil firm Canadian Overseas Petroleum (COPL) announced a new £2. 5m funding programme as the firm looked to raise capital to cover its ongoing general and administrative expenses at its West African operations.
Pennant inks collaboration agreement with Resource Group
AIM-listed management service provider Pennant International Group announced on Monday that it had finalised an agreement that would see it team up with Swiss firm Resource Group to supply a number of services across multiple revenue streams.
Lakehouse finalises disposal of Orchard to World Fuel Services
Asset and strategy support services firm Lakehouse announced on Monday that it had wrapped up its disposal of the entire issued share capital of Orchard to World Fuel Services Europe for a total cash consideration of £12. 4m.
Ben Wynn joins FairFX as product and marketing chief
FairFX announced on Monday that it has hired Ben Wynn as its chief product and marketing officer.
NetScientific's Wanda granted new US patent
Transatlantic healthcare intellectual property commercialisation group NetScientific announced the issue by the US Patent and Trademark Office of a new patent exclusively licensed to its portfolio company, Wanda, on Monday.
Airlines fly higher on Monarch collapse
Airline stocks enjoyed a solid performance on Monday as investors welcomed news there would be one less competitor following the collapse of Monarch.
Norsk Hydro completes acquisition of Sapa shares from Orkla
Norwegian aluminium and renewable energy firm Norsk Hydro announced on Monday that it had completed its acquisition of fellow Oslo-based group Sapa by way of an NOK 11. 86bn cash payment.
HSBC awaiting approval for new CEO appointment
HSBC has chosen a new chief executive to replace Stuart Gulliver and is now awaiting approval from the Bank of England regulators, according to reports on Monday.