Company News
Ortac pleased with gold assay results from Casa
Ortac Resources announced on Friday that Casa Mining, in which it holds an effective 45% economic stake, has reported “significant” new gold assay results from the expansion and infill drill programme currently underway at the Akyanga gold deposit in the Democratic Republic of the Congo.
Mercantile completes 'key milestone' at Mumbai port project
Mercantile Ports & Logistics announced on Friday that it has reached a “key milestone” as it develops its modern port and logistics facility in Mumbai, having driven the last of the 248 piles required for the 400 meters of jetty.
H&T flags above-expectations profit performance
H&T issued a short statement updating the market on its trading on Friday, confirming that the “strong” trading performance of the first half of the year has been maintained.
Capita halves debt as asset services sale completes
Capita has completed the £888m sale of its asset services businesses, which will allow the government outsourcer to roughly halve its net debt.
Total Produce bites off 50pc chunk of The Fresh Connection
Fresh produce company Total Produce has acquired a 50% equity stake in California-based The Fresh Connection, it announced on Friday.
Cronin gobbles up OpenIOLabs in all-share deal
Chemistry digitising company Cronin Group announced the acquisition of OpenIOLabs on Friday, which it described as a specialist in the development of hardware and software for scientific and industrial uses.
Silence Therapeutics works to assure investors as patent litigation continues
Silence Therapeutics updated the market on its ongoing litigation matters on Friday, having previously delivered its claim for declaratory relief relating to its entitlement to Supplementary Protection Certificates (SPCs) on certain Alnylam products.
KAZ Minerals' Kyrgyz mine reopens
KAZ Minerals has resumed full production at its Bozymchak copper and gold mine in Kyrgyzstan on Friday after the government changed its mind over a suspension of mining operations after only one day.
President Energy claims 'significant upgrades' to prospective resources
Upstream oil and gas company President Energy announced the results of a new integrated basin study and geochemical survey over its exploration assets centred on the Puesto Guardian Concession, Matorras and Ocultar licenses on Friday, which have resulted in “significant upgrades” to the company's prospective resources.
Ascent begins pipeline operations between Slovenia and Croatia
Europe-focussed oil and gas exploration and production company Ascent Resources confirmed on Friday that export production has commenced from the Petisovci field in Slovenia, to INA in Croatia.
Servoca trading in line as CFO retires
Specialist recruitment solutions and outsourcing provider Servoca updated the market on its trading on Friday, confirming that it expects its preliminary results to 30 September to be “comfortably” in line with market expectations.
URU Metals upbeat after initial nickel leach test work
URU Metals announced the results of the nickel leach test work programme on the Zebediela Nickel and PGE Project, located in Limpopo, South Africa on Friday.
SocGen Q3 misses estimates; increases legal provisions
The cost of legal disputes hit French bank Societe Generale on Friday as it released third quarter results that missed estimates.
NetScientific hails uptake of Wanda contract by US home care group
NetScientific said that its Wanda health management technology had been adopted by US-based HRS Home Health to help it monitor all the patients in its care.
IAG ups long-term targets for cash flow, capex
International Consolidated Airlines Group (IAG) upped its long term cash flow targets on Friday ahead of a capital market day briefing to investors and analysts.
Arqiva and Bakkavor shelve IPO plans
Investors waiting for the £1. 5bn initial public offer of Arqiva and the £100m float of Bakkavor will have to wait wait a little bit longer.
TP ICAP revenue grows as it faces Q4 challenges
TP ICAP updated the market on its third quarter on Friday, reporting revenue of £420m in the three months to 30 September - 3% higher than the £406m pro forma revenue in the same period last year and 2% higher at constant exchange rates.
Smith & Nephew limps to lower end of target despite stronger hips
Smith & Nephew said its full year profits to be at the lower end of its full year targets after a third quarter where growth was flat outside US and emerging markets but its artificial hips business returned to growth.
Centrica buys Europe's REstore for £62m
Centrica said it has bought European demand response aggregator REstore, for €70m (£62m) in cash.