Company News
Thursday preview: US CPI, Fedspeak in focus
The market spotlight on Thursday will be on US consumer prices for the month of June and a full slate of speeches from top Federal Reserve officials.
Verditek lightweight solar panels get IEC certification
Verditek announced on Wednesday that its lightweight photovoltaic (PV) panel technology has successfully passed all tests required for IEC 61215 and IEC 61730 certification.
Eland installs remedial tubing patch on Gbetiokun-3 well
West Africa-focussed production and development company Eland Oil & Gas announced on Wednesday that a remedial tubing patch has been installed on the Gbetiokun-3 well in licence OML40, Nigeria.
Rod Waldie to succeed Michael Ward as Gateley CEO
Legal and professional services group Gateley announced on Wednesday that Rod Waldie, who is currently the senior office partner of the Manchester office as well as a “key member” of the group's management board and head of the national property team, has been chosen to succeed Michael Ward as the new chief executive officer when Ward stands down on 30 April.
Central Asia Metals on track to reach full-year production guidance
Central Asia Metals updated the market on first-half operations for the Kounrad dump leach, solvent extraction and electro-winning (SX-EW) copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia on Wednesday, reporting that production was on track to meet full year guidance for copper, zinc and lead.
Bezant prepares for next steps after completing exploration review at Buffalo
Copper-gold exploration and development company Bezant announced on Wednesday that its geological survey team has completed an exploration review on the 398 hectare Buffalo copper-gold project in the Central Zambian iron oxide copper-gold (IOCG) belt, over which it held a conditional option to acquire a 50% interest.
FIH Group shores up cash with fresh refinancing
Falkland Islands-focussed retail, transport and logistics company FIH Group updated the market on a number of developments on Wednesday, reporting that it has refinanced a short-term temporary bank facility of £10m that was used to assist with the £19. 6m purchase of the 100,000 square foot art storage warehouse in Leyton, as it initially announced on 5 December.
Steppe Cement sees prices rise as its market share in Kazakhstan improves
Steppe Cement reported first-half sales of 780,315 tonnes of cement for KZT 14. 08bn in a trading update on Wednesday, rising from 738,228 tonnes for KZT 10. 54bn in the first half of 2018.
Newly-rebranded Equals Group pleased with first half performance
Electronic banking and payments provider Equals Group - formerly known as FairFX - updated the market on its trading on Wednesday, reporting that it had seen further strong growth in its first half.
Redx offloads pan-RAF inhibitor programme to Jazz Pharmaceuticals
Redx Pharma has signed a definitive agreement with Jazz Pharmaceuticals, it announced on Wednesday, under which Jazz has acquired Redx's pan-RAF inhibitor programme for the potential treatment of RAF and RAS mutant tumours.
Gamma Communications trades 'slightly above' expectations in first half
Technology-based communications provider Gamma Communications expects earnings per share and underlying earnings to be "slightly above" market expectations after continuing to perform well through the first six months of the year.
Ten Entertainment revenues grow in 'strong' first half
Bowling centre operator Ten Entertainment revealed on Wednesday that it had traded "well" during the first half of its trading year, with both like-for-like and total sales improving year-on-year.
Wetherspoon's maintains guidance as like-for-like sales continue to grow
UK pub chain JD Wetherspoon has seen both like-for-like and total sales grow year-to-date, leading it to keep its expectations for the full-year unchanged.
Alpha FX revenue growth accelerates in first half
Foreign exchange outfit Alpha FX saw revenues accelerate in the first half of its trading year, driven by growth in its core UK corporate market.
Intelligent Ultrasound expects to report improved group turnover
Artificial intelligence software firm Intelligent Ultrasound expects to report an improved group turnover as part of its interim report card later this month.
Avesoro Resources reiterates production guidance despite second quarter dip
West Africa-focussed gold producer Avesoro Resources released its preliminary production results for the quarter ended 30 June on Wednesday, from its New Liberty Gold Mine in Liberia and the Youga Gold Mine in Burkina Faso.
Biffa trading in line as it pursues growth strategy
Biffa said trading in the first three months of its current financial year was in line with the board’s own expectations on Wednesday, as investors gathered for the company’s annual general meeting.
Dunelm guides toward higher full-year profits
Dunelm saw sales accelerate over the past three months even as margins increased, leading management to forecast full-year profits before tax would come in towards the upper end of its previous guidance range.
One Media iP acquires income for Christian hit single 'God's Not Dead'
Digital media content provider One Media iP Group has acquired the publishing and writer’s share of income of the single ‘God’s Not Dead’, written by American contemporary Christian singer and songwriter Daniel Bashta, for total consideration of $0. 73m.
GlaxoSmithKline upbeat on latest results from HIV unit ViiV
GlaxoSmithKline announced on Wednesday that specialist HIV company ViiV Healthcare, in which it is the majority owner alongside minority shareholders Pfizer and Shionogi, had reported positive week 48 results from its phase 3 ‘TANGO’ study.