Company News
IOG signs collaboration deal with Heriot-Watt University centre
UK gas company IOG has signed a collaboration agreement with Heriot-Watt University's Centre for Doctoral Training, ‘GeoNetZero CDT’ to support research into carbon capture and storage and other renewable opportunities.
Helios Underwriting continues to outperform Lloyd's market
Lloyd’s of London underwriting capacity consolidator Helios updated its current mid-point forecasts for its portfolio of syndicate capacity for account years 2019 and 2020 on Friday, based on first quarter 2021 estimates.
E-therapeutics raises £22.5m to expand capabilities and pipeline
E-therapeutics has completed a placing, subscription and retail offer via PrimaryBid, it announced on Friday, conditionally raising gross proceeds of £22. 5m to help expand its drug discovery and development capabilities and asset pipeline.
Rockhopper upbeat on arbitration progress against Italy
North Falkland Basin-focussed oil and gas company Rockhopper Exploration updated the market on its international arbitration against the Republic of Italy in relation to the Ombrina Mare field on Friday.
General Mills to buy Tyson Foods’ pet treats business for $1.2bn
General Mills said on Friday that it has agreed to buy Tyson Foods’ pet treats business for $1. 2bn in cash.
Power Metal Resources upbeat on progress at South Ghanzi
Power Metal Resources updated the market on exploration at the South Ghanzi Project on Friday.
SFO investigates Gupta empire and links to Greensill
The UK's Serious Fraud Office is investigating suspected fraud, fraudulent trading and money laundering by the businesses of Sanjeev Gupta including dealings with Greensill Capital.
Faron Pharmaceuticals signs US sublicence agreement
Clinical-stage biopharmaceuticals company Faron Pharmaceuticals has signed a sublicence agreement for the rights to United States patent US9,376,478, it announced on Friday, which currently extends to 2033.
Horizonte losses widen as it inches Araguaia project forward
Brazil-focussed nickel company Horizonte Minerals reported a loss before tax of £0. 95m in its first quarter on Friday, widening from £0. 04m year-on-year.
FCA to impose 'consumer duty' on financial firms
The Financial Conduct Authority has set out plans for a new "consumer duty" for financial firms to give more protection to their customers.
Sunrise Resources completes drill programme at Baker's
Sunrise Resources said on Friday that it has completed the scheduled drill programme at the Baker's Gold Project in Western Australia.
Bushveld Minerals confident after difficult first quarter
Vanadium producer Bushveld Minerals reported first quarter group production of 688 metric tonnes on Friday, down from 880 metric tonnes a year earlier, affected by a 35-day planned maintenance shutdown at Vametco, which was completed on time and within budget.
Raymond Blanc sells £1m of Nightcap shares
Raymond Blanc, the celebrity chef, has made £1m by selling shares in Nightcap, the bar group founded by Dragons' Den star Sarah Willingham.
FRP to beat expectations in first full year as listed firm
Professional services provider FRP Advisory Group reported a “strong performance” in its first full financial year as a publicly-listed company on Friday, reporting that it was expecting to top its own guidance for the 12 months just ended.
Commodities broker Marex Spectron considering London IPO
Commodities broker Marex Spectron said on Friday that it is considering an initial public offering on the main market of the London Stock Exchange.
MaxCyte proposes dual listing on Nasdaq
Cell engineering technology company MaxCyte has submitted a draft registration statement with the Securities and Exchange Commission (SEC), it announced on Friday, for a proposed dual-listing and public offering of shares on the Nasdaq market.
The Works says sales encouraging but outlook unclear
TheWorks said sales since the easing of UK lockdown restrictions were "very encouraging" but that the outlook was too unclear to give guidance.
John Laing gets approvals for Colombia road project investment
Infrastructure project investor John Laing Group announced on Friday that all necessary approvals had now been obtained for the availability-based Colombian road public-private partnership (PPP) project, Pacifico 2.
Apax Global Alpha invests €10.3m in US pet food business
Apax Globa Alpha (AGA) is investing €10. 3m (£8. 9m) in Nulo, a US luxury pet food company, through its stake in a private equity fund.
Crest Nicholson sells stake in Longross Studios to Aviva
Crest Nicholson said it it was selling its 50% interest in the Longcross film studio to joint venture partner Aviva.