Company News
Glencore surprises with larger dividend but bumper profits disappoint
Glencore declared a $2. 9bn dividend to be paid out in two equal instalments in 2018 as the commodities giant's much-improved balance sheet left it feeling more confident about the future.
Flowgroup shares sink on short-term funding announcement
Gas and electricity supplier Flowgroup took on £5m of short-term funding from its loan-note holders, Palm Ventures and Lombard Odier Asset Management on Wednesday, and said that it was considering more long-term financing options as the energy sector continued to become more competitive.
Falcon Oil & Gas partner identifies potential in Australian shale project
Falcon Oil & Gas’s partner company Origin Energy presented a technical paper outlining the potential of the duo’s projects in the Australian Beetaloo sub-basin area.
Collagen Solutions shares shoot up after clinical trial success
Collagen Solutions’ share prices jumped almost 20% on Wednesday after the company reported a positive outcome from its latest clinical study.
Market buzz: Carney's inflation chat sends pound higher
1645: After starting in the red, the FTSE 100 has steadily strengthened as the session wore on. It finished at 7,281. 57, up 34. 8 points or 0. 48%. Here's a closing comment from market analyst Joshua Mahony at IG. "With a morning’s worth of disappointing eurozone PMI surveys, we have seen Carney’s inflation report testimony drag EURGBP lower despite today’s jump in UK unemployment. While Carney’s expectation of three rate rises over the next three years will grab the headlines, the fact that the bank aims to be ‘nimble’ given Brexit uncertainty points towards a strong chance we may never see all three hikes materialise should a preferential deal not be achieved.
Avingtrans subsidiary lands largest ever contract with Korean energy supplier
Avingtrans announced on Wednesday that its subsidiary company Hayward Tyler has won a $6. 7m contract with a leading South Korean energy supplier.
Pathfinder Minerals shares drop amid Mozambique legal battle
Pathfinder Minerals provided an update on Wednesday on its battle to recover control of areas in Mozambique that were previously licenced to it.
Thursday preview: Barclays, Centrica, Playtech and Serco results in focus
Continuing the series of banks reporting this week, Barclays results on Thursday come alongside those from Anglo American, BAE Systems, British American Tobacco, Centrica, Playtech, RSA Insurance and Serco.
Alexander Mining signs partnership agreement with Proses
Alexander Mining announced on Wednesday that it has executed a commercial and technical partnership agreement with Turkish specialist mineral processing consulting company Proses.
SkinBioTherapeutics losses widen as it spends more on R&D
Life sciences company SkinBioTherapeutics announced its half year results for the six months ended 31 December on Wednesday, reporting “significant progress” in developing the SkinBiotix technology, and a successful initial scale-up of lysate manufacture.
EVR Holdings enters multi-year agreement with music publishing giant
Virtual reality music content creator EVR Holdings announced on Wednesday that its subsidiary MelodyVR has entered into a multi-year agreement with Warner/Chappell Music.
Fidessa agrees to £1.4bn takeover by Switzerland's Temenos
Fidessa was flying high again on Wednesday as it agreed to a £1. 4bn takeover by Swiss banking software company Temenos a day after confirming that the two were in talks.
Concurrent Technologies launches new VPX board
High-end embedded computer board designer and manufacturer Concurrent Technologies announced the launch of a new 3U VPX I/O board on Wednesday.
Brooks Macdonald appoints Ben Thorpe as new FD
AIM-listed provider of investment management services Brooks Macdonald has appointed Ben Thorpe, who has 18 years' experience in financial services, as group finance director with effect from August.
Bilby sees 'considerable progress' across London and the South-East
Building services firm Bilby announced on Wednesday that it had made "considerable progress" during its first trading half, as companies within the group continued to take market share in their target markets of London and the UK's South-East.
Patagonia Gold ups full-year guidance to reflect improved monthly production
South America-focused mining company Patagonia Gold told investors on Wednesday that total output for its most recent trading year hit 26,005 ounces of gold equivalent, helped by a continued monthly production ramp-up at its Cap Oeste project.
SDX Energy well yields uncommercial gas reservoir
SDX Energy announced on Wednesday that its Moroccan KSS-2 well drilling project has been unsuccessful, after its gas reserves were not deemed to be commercial.
FairFX acquires partner City Forex for £6m and quick earnings boost
FairFX has tightened its grasp on the travel currency industry with the £6m purchase of City Forex on Wednesday.
Inspiration Healthcare's year of 'substantial investment' boosts revenues
Medical technology supplier Inspiration Healthcare said it had continued to perform strongly and was expecting to report revenues and pre-tax profits in line with market expectations for the year ended 31 January.
Capital & Counties posts negative return as Earl's Court valuation drops
Capital & Counties Property reported a negative total return for 2017 as the value of the London landlord’s Earls Court properties fell sharply.