Company News
BAE Systems shares rise on news of possible Saudi Typhoon purchase
The Kingdom of Saudi Arabia moved a step closer to ordering another batch of Eurofighter Typhoon aircraft on Friday.
Oracle Power shares boosted 20% by power plant project go-ahead
Oracle Power’s shares jumped over 20% on Friday after the company’s Chinese partner formally approved moving forward with its plans to proceed with development of its Thar power station project in Pakistan.
Alpha Pyrenees shares dive as no prospect for cash returns
Property investment company Alpha Pyrenees saw its share price tumble on Friday after the Guernsey-based group reported a pre-tax loss from its few remaining properties and nixed the potential for any cash return to shareholders.
Oxford Biomedica announces placing to inject £20.5m for expansion
Oxford Biomedica intends to raise approximately £20. 5m by way of a conditional placing of ordinary shares to raise money for expansion of bioprocessing facilities, the company said on Friday.
Pantheon Resources poised to frack at East Texas site
Pantheon Resources announced plans to frack its East Texas VOBM#5 well on Friday after the company unearthed 60 feet of net pay at the site.
GKN to combine Driveline division with Dana in $6.1bn deal
GKN has agreed to combine its automotive business, Driveline, with US-based Dana in a deal valued at around $6. 1bn, as it looks to fend off a £7. 4bn hostile bid from turnaround specialist Melrose Industries.
Melrose Industries extends deadline for GKN offer
Turnaround specialist Melrose Industries said on Friday that the deadline for its £7. 4bn hostile offer for engineer GKN has been extended until 29 March.
Connemara prepares for drilling to recommence at Stonepark
Irish exploration and development company Connemara Mining has been gearing up to restart drilling at the Stonepark zinc project in Limerick, its joint venture with Group Eleven Resources.
Primorus offloads 5% Horse Hill holding to Solo Oil
Primorus Investments confirmed on Friday that it has completed the disposal of a 5% interest in well appraisal and development company Horse Hill Developments Limited (HHDL) to Solo Oil PLC.
Vast Resources shares take hit as Mercuria deal suffers delay
Mining company Vast Resources’ shares dropped over 7% Friday after announcing that it will give Mercuria Energy Group a further two weeks to finalise its pre-payment offtake.
Focusrite revenues up on the back of strong holiday trading
Music and audio products company Focusrite witnessed revenue, profits and cash grow across a wide range of product groups and regions in the first half of its current trading year.
Clear Leisure bitcoin mining set to commence in Serbia
Clear Leisure PLC announced on Friday that its 50% owned joint venture Miner One has completed testing on a newly operational bitcoin mining mobile unit.
Inmarsat shares come down to earth as divi slashed
Shares in satellite services operator Inmarsat were down sharply on Friday after the company said it was slashing its dividend to divert cash towards its in-flight wi-fi offering.
Kepler upgrades Smurfit, adopts 'wait and see' mode after IP rejection
Kepler Cheuvreux has upped its stance on Smurfit Kappa to 'hold' from 'reduce' after the corrugated packaging company said this week that it had rejected an offer from US-based International Paper.
Bwin acquisition boosts GVC earnings, revenue
Sports betting and gaming company GVC Holdings, which received shareholder approval for its merger with Ladbrokes Coral this week, posted a rise in full-year adjusted profit and net gaming revenue on Friday, thanks in part to the acquisition of bwin. party in 2015.
RM2 shares soar almost 300%, funds raised through palatable office sale
RM2 International’s share price skyrocketed over 290% on Friday after the company extended its cash resources through April from selling off an office in Switzerland.
Renold warns of decreased profits from FY17 despite its 'good progress'
Engineered and power transmission products delivery group Renold warned of the impact that increased raw materials prices were having on its operating margins on Thursday, saying that its chain division, in particular, had suffered significant headwinds as a result.
Eurasia Mining makes early start at Russian platinum project
Eurasia Mining announced the commencement of site works at its West Kytlim Project on Friday, kicking off the 2018 field season.
SDX Energy hails gas discovery at Moroccan well
North Africa focused oil and gas company SDX Energy announced on Friday that it has made a gas discovery on one of its Moroccan projects.
Katoro shares dive on potential impact of new Tanzania laws
AIM-quoted exploration company Katoro Gold has been waiting to finalise a resource update and pre-feasibility study on its Tanzanian asset, putting particular focus on the potential impact of new mining legislation that was signed into law in the African nation in July 2017.