News And Announcements
Coca-Cola ditches plans to refranchise Africa bottling business
Shares in bottling company Coca-Cola HBC slumped on Monday after Coca-Cola Co. said it will keep its majority stake in Coca-Cola Beverages Africa "for the foreseeable future".
Sprint surges as FCC chairman recommends approval of T-Mobile merger
Shares in Sprint Corp surged on Monday after US Federal Communications Commission chairman Ajit Pai said he would recommend approval of its $26. 5bn merger with T-Mobile.
Low & Bonar tumbles as it warns on profits, announces CEO departure
Low & Bonar was under the cosh on Monday as it warned on profits and announced the departure of its chief executive officer, Philip de Klerk.
Ganfeng makes strategic investment in Bacanora Lithium
Bacanora Lithium announced the signing of a non-binding heads of terms for a strategic investment in both Bacanora and its flagship Sonora Lithium Project in Mexico by Ganfeng on Monday.
Bezant granted new environmental impact assessments in Argentina
Copper-gold exploration and development company Bezant Resources announced on Monday that updated environmental impact assessment (EIA) approvals permitting certain specified additional exploration work and drilling activity on the most prospective areas of its Eureka Project in Argentina had now been granted by the Director of Mining and Energy Resources of the Secretariat of Mining and Hydrocarbons, Government of Jujuy.
Ascent Resources buying compressor unit to re-stimulate wells
Europe-focussed oil and gas exploration and production company Ascent Resources has signed a contract for the purchase of a mobile compressor unit for use at its Petišovci project in Slovenia, it announced on Monday.
Jaguar Land Rover books record loss as Chinese market stalls
Jaguar Land Rover posted a record £3. 6bn annual loss on Monday as revenues dipped amid a drop in demand from China, though the business returned to profitability in the final quarter.
Royal Mail to roll out UK's first ever parcel postboxes
Royal Mail introduced Britain's first ever parcel postboxes on Monday, revealing that the revamped boxes would soon be rolled out in locations across the UK following a successful trial in 2018.
Dish serves up $800m deal with EchoStar
American satellite TV broadcaster DISH Network has acquired a swathe of assets from EchoStar in a deal worth $800m.
Foxtons revenue drops as Brexit uncertainty continues to dent sales
Estate agent Foxtons reported a drop in first-quarter revenue on Monday as volumes in the sales business remained at record lows amid Brexit uncertainty.
City Pub sales jump 35% as expansion continues
City Pub Group reported a jump in sales on Monday for the 19 weeks to 12 May, as it said it's on track to meet expectations for the year.
Greenpeace blockades BP's global HQ
The global headquarters of BP has been shut down by Greenpeace, after the campaigning charity blockaded the oil giant’s west London office.
HSBC calls Merlin overvalued, cuts from 'buy' to 'reduce'
HSBC has downgraded its rating on Merlin Entertainments, citing concerns about the leisure group’s long-term growth plans.
Lower prices put dent in higher production numbers for Volga Gas
Oil and gas exploration and production company Volga Gas updated the market on its activities and operations on Monday, reporting that between 1 January and 30 April, group production averaged 5,859 barrels of oil equivalent per day.
Scancell partnership with Cancer Research moves closer to clinic
Immunotherapy developer Scancell Holdings updated the market on its clinical development partnership with Cancer Research UK for the development of the ;ImmunoBody’ vaccine, SCIB2, as a potential treatment for patients with solid tumours, including non-small cell lung cancer (NSCLC), on Monday.
Thomas Cook under pressure as payments intermediary seeks to hold onto cash
Shares of Thomas Cook are coming under continued selling pressure at the start of the week, at least in part after Sky News reported that a payments intermediary in Scandinavia was negotiating holding onto holidaymakers' cash for several weeks instead of two days.
Allergy Therapeutics flags positive outcomes from recent treatment trial
Biotechnology company Allergy Therapeutics announced positive Phase 1 safety and tolerability results of subcutaneous ‘Acarovac MPL’ (monophosphoryl lipid A) in patients with house dust mite-induced allergic rhinoconjunctivitis on Monday.
Rockfire continues work at Cardigan Dam after recent gold results
Gold and base metal-focussed resource company Rockfire Resources announced on Monday that recent soil sampling at the Cardigan Dam Prospect - part of the Lighthouse tenement in Queensland, Australia - has returned a “promising” gold-in-soil anomaly.
Reabold Resources upbeat on recent work in California
Reabold Resources announced on Monday that its contract operator in California, Integrity Management Solutions, has informed it that the perforating and swabbing operation at the Burnett 2B and Burnett 2A wells has been completed.
OptiBiotix inks deal with Nutrilinea for hypertension supplement
Life sciences company OptiBiotix Health announces on Monday that its wholly-owned subsidiary ProBiotix Health has signed a license agreement with Nutrilinea for the use of its ‘LPLDL’ product in a food supplement for the reduction of high blood pressure, or hypertension.