News And Announcements
Crossrail costs blow out to £18bn as further delays announced
Costs on London's troubled Crossrail line have blown out to more than £18bn with its final completion now pushed back to 2021 at the earliest, Transport for London (TfL) said on Friday.
Hurricane Energy talks down speculation at Warwick West well
Oil and gas company Hurricane Energy responded to market speculation around the 204/30b-4, or ‘Warwick West’, well on Friday.
Range Resources extends closing date for drilling rig sale
Oil and gas and oilfield services company Range Resources updated the market on the sale of four drilling rigs and related equipment of its subsidiary Range Resources Drilling Services on Friday.
W Resources makes progress at La Parrilla as it seeks further funding
Spain and Portugal-focussed Tungsten, tin and gold mining company W Resources updated the market on progress and funding at the La Parrilla mine in Spain on Friday.
ITV sells London Television Centre for £145.6m
Broadcaster ITV has exchanged contracts for the sale of the London Television Centre on the South Bank to Mitsubishi Estate London for £145. 6m in cash.
Windar Photonics warns on profits
Windar Photonics warned on Friday that its full-year results were set to be below market expectations.
Aura Energy asks Sweden to settle over uranium ban
Aura Energy has provided Sweden a written notification under the Energy Charter Treaty, it announced on Friday.
WANdisco reports progress with Microsoft partnership
Live data company WANdisco updated the market on its partnership with Microsoft on Friday, reporting that it co-presented with the technology giant at the vendor’s customer and partner event ‘Ignite’, explaining that it was “deeply embedding” its ‘Fusion’ product into the Microsoft ‘Azure’ platform.
EasyJet, Jet2 buy Thomas Cook airport slots
Thomas Cook's slots at Gatwick and Bristol airports have been sold to EasyJet for £36m, while Jet2 has bought its slots at Manchester, Birmingham and London Stansted airports for an undisclosed sum.
Solo Oil blindsided by Aminex announcement on Ruvuma
Gas-focussed production and development company Solo Oil noted an announcement from Aminex on Friday, with regards to the Ruvuma Petroleum Sharing Agreement, in which it has a 25% interest.
Savannah Petroleum moves Seven Energy transaction to completion stage
Niger and Nigeria-focussed independent oil and gas company Savannah Petroleum updated the market on the Seven Energy transaction on Friday, reporting that final long-form documentation relating to the Seven Energy Group financial restructuring had now been agreed.
Standard Chartered CEO, CFO pensions cut
Asia-focused lender Standard Chartered will cut the pension allowances of chief executive officer Bill Winters and chief financial officer Andy Halford following shareholder protests.
Games Workshop trading 'well', profit and revenue ahead of last year
Games Workshop said on Friday that trading since its update in September had continued "well", with profit and sales ahead of the previous year.
Beowulf raises £0.25m as it continues to wait on Swedish government
Mineral exploration and development company Beowulf Mining announced a subscription for new ordinary shares on Friday, to raise £0. 25m before expenses.
Horizon Discovery offloads In Vivo business to Envigo
Gene editing and gene modulation technology company Horizon Discovery Group announced an agreement to divest its In Vivo business unit to Envigo RMS on Friday, for a nominal consideration satisfied in cash.
Target Healthcare deploys recently-raised funds in four transactions
Care home investor Target Healthcare has agreed the acquisition of eight care homes and 31 retirement apartments, in four separate transactions, for a total consideration of £81. 3m including transaction costs, it announced on Friday.
Spirent maintains guidance as 5G drives growth
Test, measurement, analytics and assurance technology company Spirent Communications updated the market on its trading for the third quarter on Friday, reporting that it saw continued business growth, and remained confident that it would show progress in 2019.
Charles Taylor agrees higher takeover offer from Lovell Minnick
Charles Taylor has agreed an increased takeover offer from US private equity firm Lovell Minnick Partners.
AstraZeneca reports positive trials for kidney drug
AstraZeneca on Friday reported clinical trials of its roxadustat drug for patients with anaemia from chronic kidney disease had significantly increased red haemoglobin levels.
IAG lowers capacity growth and EPS forecasts
British Airways and Iberia owner International Consolidated Airlines Group on Friday cut its estimates for capacity growth over the next three years as a result of a weakening global economy, denting its earnings per share forecasts.