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Company News
12 Mar
ep un avioncombate eurofighter typhoon
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.

09 Mar
SSE, electricity, energy, power, utilities
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.

09 Mar
property, housing, real estate, house prices
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.

09 Mar
ep cancer
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.

09 Mar
fracking, shale gas
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.

09 Mar
gkn, engineer, melrose
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.

09 Mar
factory, gkn, industrial, engineer, melrose
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.

09 Mar
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.

09 Mar
Oil & gas refinery, energy
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.

09 Mar
acacia mining
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.

09 Mar
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.

09 Mar
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.

09 Mar
Satellite, space, communications
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.

09 Mar
Smurfit Kappa, paper, packaging
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.

09 Mar
GVC foxybingo
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.

09 Mar
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.

09 Mar
cadena blockchain
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.

09 Mar
kroondal, platinum, mining, aquarius
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.

09 Mar
Oil & gas plant
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.

09 Mar
Gold bars
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.