Company News
Wednesday preview: Fed minutes, PBoC decision in focus
Central banks on either side of the Pacific will be in focus on Wednesday, as the US Federal Reserve releases the minutes of the 29-30 October Federal Open Market Committee meeting and rate-setters at the People's Bank of China meet to decide on policy.
Tata Steel set to cut 3,000 jobs, unions seek urgent talks
Tata Steel are set to cut 3,000 jobs across Europe and unions are seeking urgent talks with the Port Talbot owners.
Rio Tinto defends Mongolian expansion amid legal spat
Rio Tinto strongly refuted claims that any agreements relating to its $5. 3bn Oyu Tolgoi underground copper mine in Mongolia are illegal.
Eckoh swings to profit as US operations shine
Eckoh on Tuesday swung to an interim profit after strong revenue growth was driven by new business wins on the other side of the Atlantic.
Kape announces 'transformational' purchase of Private Internet Access owner LTMI
Consumer security software provider Kape Technologies announced the proposed acquisition of LTMI Holdings for a total consideration of $95. 51m, and an enterprise value of $127. 6m on Tuesday.
Plutus PowerGen shares slide as it mulls its future
Plutus PowerGen updated the market on its operations and finances on Tuesday, following its announcement on 29 August that it had received notice from the non-executive directors of Rockpool Investments that its management contracts in connection with the existing six Rockpool EIS-funded flexible energy generation (FlexGen) sites were to be terminated.
Nostra Terra agrees 'clean exit' from Egypt concession
Oil and gas exploration and production company Nostra Terra announced on Tuesday that, further to its announcement on 12 August, its wholly-owned subsidiary Nostra Terra Incorporated (NTI) has reached a conditional agreement with regards to the East Ghazalat Concession in Egypt.
Tri-Star shares surge on progress at antimony-gold facility
Minerals processing company Tri-Star Resources updated the market on its antimony-gold processing facility in the Port of Sohar Free Zone, located in the Sultanate of Oman, held through its 40% interest in Strategic & Precious Metals Processing (SPMP) on Tuesday.
Aroundtown to buy TLG Immobilien for $3.1bn
Luxembourg-based real estate company Aroundtown has agreed to buy TLG Immobilien for €3. 1bn in an all-share deal.
EI Group profits drop ahead of Stonegate takeover
Pub chain EI Group reported a decline in full-year profit on Tuesday ahead of its takeover by Stonegate.
ITM Power inks collaboration agreement with Iwatani
Energy storage and clean fuel company ITM Power has signed a collaboration agreement with Iwatani Corporation of America, a wholly-owned subsidiary of Japan's Iwatani.
Drax lifts biomass self-supply target as it reiterates FY guidance
Power generator Drax on Tuesday said it was targeting biomass self-supply capacity of 5m tonnes by 2027 as it reiterated full year trading guidance.
Saga appoints new COO
Over-50s specialist Saga has appointed Gilles Normand as its new chief operating officer with effect from 25 November, while former Legal & General executive Cheryl Agius will become chief executive of the insurance segment from 1 January.
Dialight slumps as trade challenges hamper earnings
Shares of Dialight dived on Tuesday as the LED manufacturer warned that Sino-US trade uncertainty will impact full year earnings.
Redx collaboration with MDC awarded Innovate UK funding
Redx Pharma announced on Tuesday that Innovate UK has awarded biomedical catalyst funding to Redx and Medicines Discovery Catapult (MCD).
Scapa trades in line as it recovers from loss of ConvaTec contract
Scapa Group reported 14. 3% growth in revenue in its half-year results on Tuesday, to £160. 8m, or 10. 4% growth on a constant currency basis.
PureTech Health surges on positive Karuna Therapeutics drug trial
PureTech Health surged on Tuesday after US biopharmaceutical company Karuna Therapeutics - in which it owns a 32% stake - said a day earlier that a phase 2 trial of its schizophrenia treatment met its primary endpoint.
Cora Gold upbeat on latest work at Sanankoro
West Africa-focussed gold exploration company Cora Gold updated the market on its latest work programme at the Sanankoro Gold Discovery in the Yanfolila Gold Belt of Southern Mali on Tuesday, reporting that its 5,000 metre drilling programme had started, with completion during the fourth quarter.
Equals Group gobbles up payment services firm Casco
Electronic banking and international payments provider Equals Group announced a further acquisition aligned to its publicly-stated expansion strategy on Tuesday, having acquired the entire issued ordinary share capital of Casco Financial Services - a UK-based payment services provider.
Keller remains in line as it focuses on profitable markets
Specialist geotechnical contractor Keller Group updated the market on its trading for the period ended 31 October on Tuesday, reporting that it was expecting its overall performance for 2019 to be in line with market expectations, although the outturn remained dependent on continued progress and the timely resolution of a number of customer claims.