Company News
FIH Group posts record revenue in first half
Falkland Islands services firm FIH Group posted record group revenue in the six months leading to 30 September, pushing profits ahead by 38%.
Mirada agrees convertible loan with major shareholder
Mirada, the Anglo-Spanish software provider to digital TV operators and broadcasters, has agreed a one-year loan facility of up to £1. 7m from its major shareholder, who can elect to convert the loan into shares within the next year.
Director dealings: ABF directors dispose of more than £1m in shares
The chief executive and finance director of Associated British Foods (ABF) sold more than £1m of shares between them on Tuesday, after they were awarded the stock as part of the Primark-owner's long term incentive plan.
Wednesday preview: Results due from Britvic, Pennon, RPC and ZPG
Wednesday will see results from a raft of mid-caps including Britvic, Pennon, RPC and ZPG, a deluge of economic data from around Europe, a possible upward revision of US economic growth and a speech from outgoing Fed Chair Janet Yellen.
IAG's Level sets up new base at Paris Orly
British Airways, Iberia and Vueling parent International Consolidated Airlines Group said on Tuesday that its low-cost longhaul airline, Level, will launch four new routes from Paris Orly.
Angle upbeat on latest Parsortix study
Liquid biopsy company Angle announced on Tuesday that its ‘Parsortix’ system is the subject of a further peer-reviewed publication in the journal Oncotarget, detailing work undertaken by Professor Robert Zeillinger's Molecular Oncology Group at the Medical University of Vienna.
S&P reaffirms long-term debt rating for StanChart
Standard and Poor's reiterated its BBB+ rating on the long-term debt of Asia-focused Standard Chartered, confident in the lender's ability to continue improving the strength of its balance sheet and asset quality, while maintaining "robust" funding and liquidity profiles.
Sir William Wells steps down as Restore chair
Office services provider Restore announced on Tuesday that Sir William Wells has advised the board that he will retire as chairman on 31 December, and step down from the board following the release of its full year results on 13 March next year.
Metal Tiger clinches Environmental Affairs approval for drilling extension at T3 deposit
Metal Tiger has announced on Tuesday that the extension of drilling north of the T3 Botswana Copper and Silver Project had received Environmental Affairs approval.
FairFX to launch multi-currency business account
Electronic banking and international payments group FairFX announced the launch of its multi-currency business current account ‘Fair Everywhere’ on Tuesday, marking its first step into the small-to-medium enterprise banking sector since its acquisition of CardOne earlier in the year.
Tlou makes progress at Lesedi and Mamba
Botswana-focussed coalbed methane energy developer Tlou Energy updated the market on the progress of its 2D seismic program and core-hole drilling operations at its Lesedi and Mamba coalbed methane projects on Tuesday.
European Metals Holdings confirms status as largest lithium resource in Europe
Mineral exploration and development company European Metals Holdings has confirmed its status as the most prominent lithium resource in Europe, Cadence Minerals announced on Tuesday.
Airbus teams up with Rolls-Royce and Siemens to develop electric aircraft
Airbus, Rolls-Royce and Siemens announced on Monday that they would be combining forces to develop technology required to manufacture electrically-powered aeroplanes.
SoftBank offers to purchase Uber shares at 30% discount
Japanese conglomerate SoftBank reportedly offered ride-share service Uber a total of $48bn for its shares on Monday, a 30% discount on its last valuation of $68. 5bn.
Arby's parent picks up Buffalo Wild Wings for $2.9bn
North American restaurant group Arby's, announced on Tuesday that its owner, Roark Capital Group, had agreed to acquire sports bar franchise Buffalo Wild Wings as part of $2. 9bn deal.
Topps Tiles rallies from four-year lows as like-for-like sales rise
Retailer Topps Tiles said it was making "good progress" on its strategic initiatives even as it reported lower gross profit margins and sales for the latest financial year.
Giles Willits takes top finance job at IG Design Group
Designer and manufacturer of celebration, gifting, stationery and creative play products IG Design Group announced the appointment of Giles Willits as its chief financial officer on Tuesday.
Hummingbird to sell single mine origin gold coins
Hummingbird Resources announced on Tuesday that, in line with the imminent commencement of gold production from its Yanfolila Gold Mine in Mali, it will be producing single mine origin pure gold coins, originating from Yanfolila, called the ‘1oz Hummingbird’.
WPP in talks with Ford about extending marketing contract
UK advertising giant WPP expects to extend its contract with the Ford Motor Company after being "verbally informed" of the car company's intentions overnight.
Increased overheads drag Adams to a loss
Technology and life sciences investment group Adams generated a gross investment return of €24,000 in the first half of its trading year, but overhead deductions and other assorted costs dragged the firm to a loss.