Market Report
Centamin announces big increase in Cote d'Ivoire mineral resources
Gold miner Centamin announced a significant Cote d'Ivoire resource increase on Friday.
Standard Life Aberdeen slumps as Mitsubishi UFJ sells stake
Investment manager Standard Life Aberdeen was under the cosh on Friday as it emerged that Mitsubishi UFJ Trust and Banking Corporation sold its entire stake in the company.
Asia report: Markets lose steam after US retail sales
Markets in Asia ended the week on a sour note, taking their lead from Wall Street, which was on the back foot overnight after a serious decline in American retail sales.
Spain calls snap general election for 28 April
Spanish Prime Minister Pedro Sánchez on Friday called a snap election for 28 April after the government’s budget draft was rejected by parliament on Wednesday.
Ocean Outdoor earnings boosted by Forrest acquisition
Digital out-of-home advertising operator Ocean Outdoor saw revenues and earnings grow in its "pivotal" 2018 trading year.
Lloyds Banking Group appoints William Chalmers as CFO
Lloyds Banking Group has appointed Morgan Stanley investment banker William Chalmers as its chief financial officer, succeeding George Culmer, whose plan to retire in the third quarter of 2019 was announced back in October.
Yew Grove snaps up Ireland office block
Real estate investment trust Yew Grove said it had bought a two-storey office block in the Cork Airport Business Park, Ireland for €7. 5m, representing a net initial yield of 7. 85%.
88 Energy says spud of Winx-1 is imminent
Oil and gas company 88 Energy updated the market on its oil and gas operations on the North Slope of Alaska on Friday, reporting that at Winx-1, the spud was on schedule for 15 February Alaska time, with the final preparations now underway.
Coro Energy unconcerned by Italy exploration changes
Coro Energy updated the market on its production and exploration licenses located in the Republic of Italy on Thursday, following the introduction of the country’s Sustainable Energy Bill earlier in the week.
Powerhouse Energy shares soar on DMG process interest
Clean energy technology outfit Powerhouse Energy shares rose sharply on Friday as the company said it saw a significant increase in interest of its waste-to-hydrogen DMG process.
GAN highlights growth in New Jersey gambling market
Gambling software provider GAN updated the market on Friday, following the publication of internet gaming and internet sports betting financial information for the calendar month of January in New Jersey by the state’s Division of Gaming Enforcement.
Polarean Imaging enters contract with University of British Columbia
Medical imaging technology company Polarean Imaging has entered into a contract for the procurement of its latest polariser system by the University of British Columbia, it announced on Friday, following the conclusion of UBC's procurement process.
President Energy sees decent uptick in Argentina reserves
South America-focussed upstream oil and gas company President Energy announced its new independently certified hydrocarbon reserves report on its assets in Argentina on Friday, reporting that as at 31 December its net 1P and 2P reserves in the Neuquén Basin increased over the previous year by 82% and 41% respectively, to 8. 1MMboe and 11. 4MMboe.
UK retail sales bounce as consumers shrug off Brexit worries
UK shop sales jumped more than expected last month, as households engaged in a bit of retail therapy in the face of the political and economic uncertainty.
Patisserie Holdings sells Baker & Spice for £2.5m
Patisserie Holdings - the parent company of Patisserie Valerie - has sold its deli and bakery chain, Baker & Spice, to the Department of Coffee & Social Affairs for £2. 5m.
Crypto volatility forces Argo Blockchain to terminate mining contracts
Cryptocurrency mining service provider Argo Blockchain announced a refocus of its business strategy on Friday, in light of what it described as “continuing difficult trading conditions” in the cryptocurrency market, as digital currencies faced “severe” price pressure and volatility.
Global Petroleum reassures shareholders over Italy hydrocarbons review
Global Petroleum updated shareholders on Friday, following the Italian government’s proposed suspension of all hydrocarbon exploration activities, including permit applications , for a period of 18 months.
Angus Energy raises £2.2m in placing
Angus Energy has placed, subject to admission to trading on AIM, 55 million new ordinary shares with existing, new and institutional shareholders at a price of 4p per share, it announced on Friday, to raise gross proceeds of £2. 2m.
Focus on portfolio pays off for Segro in 2018
Segro released a “strong” set of results for the year ended 31 December on Friday, reporting a 24. 4% improvement in adjusted pre-tax profit to £241. 5m, which it said reflected its development success and its focus on customer and portfolio management.
London open: Stocks steady ahead of retail sales data; RBS gains after results
London stocks were steady in early trade on Friday as investors mulled the Commons' rejection of Theresa May's latest Brexit deal and eyed the release of UK retail sales data.