Company News
Anglo American targets $1bn in cost cuts by end-2024
Global miner Anglo American on Friday outlined plans to cut operational costs by around $1bn by the end of 2024, reducing production by about 4% as near-term constraints and volatile market conditions continued to weigh on earnings and its share price.
Botswana Diamonds to explore further after finding four anomalies
Botswana Diamonds is set to launch its next phase of exploration, it announced on Friday, as it identified four anomalies near the KX36 project in the Kalahari region of Botswana.
UK Oil gets £0.68m payment from Horse Hill Developments
UK Oil & Gas reported a positive financial development related to the Horse Hill oil field on Friday.
Nationwide hands redundancy notices to nearly 500 staff
Nationwide Building Society has told 470 of its staff that they are at risk of redundancy, it emerged on Friday.
Afentra upbeat on completion of Sonangol acquisition
Afentra announced the successful completion of its acquisition of non-operating interests in Block 3/05 and Block 23, offshore Angola, from Sonangol on Friday.
Longboat Energy inks farm-down deals with Concedo
Norway and Malaysia-focused exploration and production company Longboat Energy announced a significant development through its subsidiary Longboat Japex on the Norwegian Continental Shelf (NCS) on Friday.
Landore cancels placing, planned TSX-V dual listing
Mining company Landore Resources announced the termination of its proposed non-brokered private placing and the deferment of its application to dual list its shares on the TSX Venture Exchange on Friday.
Lexington Gold launches Bothaville drilling programme
South Africa and US-focussed explorer and developer Lexington Gold has initiated its 2023-2024 drilling program at the Bothaville Project in the Witwatersrand Gold Basin of South Africa, it announced on Friday.
Epiris and Newlat to duke it out in fight for Princes
British private equity firm Epiris and Italian food manufacturer Newlat were said to be the two remaining bidders in the sale of tinned produce business Princes, which has been up for sale for months.
Team Internet capital reduction gets court approval
Team Internet Group has received approval from the High Court of England for the proposed cancellation of its share premium account as part of its capital reduction, it announced on Friday.
CMA invites comments on Microsoft-OpenAI partnership
The Competition and Markets Authority initiated a public consultation to gather opinions on the partnership between Microsoft and OpenAI on Friday.
Honeywell to buy Carrier's security business for $4.95bn
US air conditioner maker Carrier Global said on Friday that it has agreed for Honeywell to buy its security business for $4. 95bn.
UK's Marex to float on Wall Street
Marex Group is to list in New York, the commodities broker confirmed on Friday, two years after it pulled out of a planned debut on the London market.
Artisanal Spirits Company shares tank on sales warning
Shares in The Artisanal Spirits Company (ASC) plummeted on Friday after the whisky retailer warned that full-year revenues would miss market estimates after weaker-than-expected sales in China and an underwhelming product launch.
Grafton extends, expands share buyback programme
Building materials company Grafton Group announced an extension of its existing share buyback programme on Friday.
Christie FY results to miss market expectations due to transaction delays
Professional business services firm Christie Group warned on Friday that full-year results were set to miss market expectations due to transaction delays.
Berkeley pulls plug on new investment as half-year profits rise
UK housebuilder Berkeley Group has decided to not invest in any new developments due to the adverse planning and regulatory environment, and instead focus on "financial strength" following a rise in profits in the first half.
IG Group appoints Breon Corcoran as CEO
Online trading platform IG Group said on Friday that it has appointed Breon Corcoran as its new chief executive officer.
Flutter confirms plans for January US listing
Paddy Power owner Flutter on Friday confirmed it was working towards a listing on the New York Stock Exchange of January 29, 2024.