Company News
Revenue piles up at XP Power thanks to strong US order book
UK-based critical power control components developer and manufacturer XP Power announced on Monday that it witnessed "robust" trading in its third quarter, improving year-to-date revenue 34% over the same time a year earlier, or 21% on a constant currency basis.
President Energy begins work programmes at Puesto Flores and Estancia Vieja
AIM-listed group President Energy announced on Monday that the initial work programme at its recently acquired assets in the Neuquén Basin of Argentina would commence by the end of November.
Unite student rents climb amid 'very strong' demand for lettings
Unite Group reported a 1. 6% like-for-like increase in the value of both its UK Student Accommodation Fund and its London Student Accommodation Joint Venture over the last quarter after a strong period for lettings.
Angling Direct posts solid first-half growth
The UK’s largest specialist fishing tackle and equipment retailer Angling Direct issued its unaudited financial results for the six months to 31 July on Monday, reporting group revenue of £14. 08m - an increase of 39. 2% year-on-year.
Primary Health Properties buys major Scotland facility for £8.7m
Primary healthcare facilities investor Primary Health Properties announced on Monday that it has contracted to acquire a standing let investment property situated in Stenhousemuir, Falkirk, Scotland.
Petra Diamonds says likely to breach covenants
Petra Diamonds said it is likely to breach its covenants by the end of the year due to the labour disruption at three of its South African operations and uncertainty around the final volume of sales for the Williamson mine in Tanzania.
Edenville begins coal production at Tanzanian mine
Edenville Energy began producing washed coal after commissioning and testing of the wash plant on its Rukwa coal project in south-west Tanzania was completed.
Mantra Group surges on Accor takeover offer
Shares in Australian hotel operator Mantra Group surged on Monday after it confirmed that it has received a takeover offer from France’s Accor.
Columbus Energy raises £3m via fundraising to increase production
Columbus Energy, the Trinidad-focused oil and gas developer, has conditionally raised a gross £3m via a placing and proposed to drum up a further £1m via an open offer as it looks to increase production and examine other opportunities.
Interserve awarded £70m Leeds housing contract
Support services and construction group Interserve has been awarded a contract worth more than £70m by Dandara Limited to design and build a residential development in Leeds comprising 744 apartments.
Millennium & Copthorne rockets after takeover price agreed
Millennium & Copthorne Hotels shares booked a sharp gain on Monday morning after its Singapore-based parent company proposed a full cash buyout of its London-listed subsidiary.
Wood Group eyes 'significant savings' after completing Amec acquisition
John Wood Group completed its merger with Amec Foster Wheeler and began trading as an enlarged company on Monday, making assuring noises about integration and expected cost savings.
IP Group extends Touchstone offer deadline as CMA review continues
IP Group updated the market on its takeover offer for Touchstone Innovations on Monday, confirming an extension to its offer deadline, and confirming it has received support for the offer from shareholders representing more than 97% of Touchstone shares in issue.
Susan Noble appointed chairman of British Empire Trust
British Empire Trust announced on Monday that Susan Noble, currently a non-executive director of the company since March 2012, would become Chairman following the forthcoming annual general meeting on 20 December.
Centamin reports record third-quarter gold production
Centamin reported record third-quarter gold production on Monday as all sections of its Sukari mine in Egypt performed well.
Lancashire signals up to $212m losses from recent hurricanes, earthquakes
Lancashire Holdings announced its range for its estimated net ultimate losses arising from hurricanes Harvey, Irma and Maria and the two recent earthquake loss events in Mexico on Monday.
Olivier Bohuon announces retirement from Smith & Nephew
Medical technology business Smith & Nephew announced on Monday that Olivier Bohuon has notified the board of his intention to retire by the end of 2018, after seven years as chief executive officer.
AstraZeneca's lung cancer drug fast-tracked for first-line treatment
The US drug regulator has given AstraZeneca's osimertinib treatment for patients with advanced metastatic non-small cell lung cancer 'breakthrough therapy designation' to fast-track its becoming a first-line treatment.