News And Announcements
Caledonia Mining reports record gold production at Blanket
Caledonia Mining Corporation announced record quarterly gold production from the Blanket Mine in Zimbabwe for the quarter ended 31 December on Monday, reporting that approximately 16,876 ounces of gold were produced during the period, exceeding the previous production record of 16,425 ounces set in the final quarter of 2017.
Outgoing Boeing boss to receive more than $60m
David Calhoun, Boeing's new president and chief executive, assumed control of the troubled US aerospace manufacturer on Monday, as it emerged that his predecessor had left with more than $60m in compensation and pension benefits.
Augean reports continued strength through fourth quarter
Specialist waste management company Augean updated the market on its trading on Monday, reporting that it had continued to be strong through the final quarter.
Tern portfolio company InVMA gets initial order commitment
Internet of things-focussed investment company Tern announced on Monday that its portfolio company, InVMA, has secured an initial order commitment worth £0. 82m over a two-year period to provide its ‘AssetMinder’ solution to an unnamed global, multi-billion euro revenue supplier to the industrial and construction sectors.
Base Resources lifts guidance at Kwale Mineral Sands
African mineral sands producer Base Resources updated its 2020 financial year production guidance for the Kwale Mineral Sands Operations in Kenya on Monday.
Brookfield powers ahead with takeover bid for TerraForm
Energy company Brookfield Renewable Partners has moved to take full control of TerraForm Power, it was announced on Monday.
Anixter agrees to Wesco buyout bid, ditches CD&R
The battle for network security and electrical solutions company Anixter International came to an end on Monday after it agreed to be bought by Wesco International in a $4. 5bn deal.
Pennon said to be planning sale of Viridor
Shares of South West Water owner Pennon surged on Monday following reports that it was preparing to sell off its Viridor waste management business after a bid from US private equity firm KKR.
Lekoil shares suspended after Qataris question loan
Shares in Lekoil have been suspended after doubts were raised about the validity of a loan agreement supposedly struck with the Qatari Investment Authority.
Clipper Logistics secures five-year contract with Joules
Clipper Logistics has signed a five-year contract with fashion brand Joules to provide logistics services.
Ergomed acquires Ashfield Pharmacovigilance from UDG
Pharmaceutical services provider Ergomed announced the acquisition of Ashfield Pharmacovigilance, a specialist pharmacovigilance services provider based in Cary in the ‘Research Triangle’ of North Carolina on Monday.
Randall & Quilter appoints William Spiegel as its next chairman
Non-life legacy insurance investor and capacity provider Randall & Quilter Investment Holdings announced the appointment of William Spiegel as executive director and deputy group chairman on Monday, effective immediately.
Verona Pharma shares surge after results from latest study
Respiratory disease-focussed biopharmaceuticals company Verona Pharma announced positive top-line data from a four week, 416 patient phase 2b dose-ranging study evaluating nebulised ensifentrine or placebo as an add-on treatment to ‘Spiriva Respimat’, or tiotropium, which is a long acting anti-muscarinic bronchodilator, in patients with moderate-to-severe chronic obstructive pulmonary disease (COPD).
Vectura sees FY revenues and earnings 'at least' in line with expectations
Pharmaceuticals company Vectura said on Monday that its base business had continued to perform well in 2019.
IndigoVision flags sales improvement for 2019 financial year
IndigoVision reported on Monday that sales for the financial year ended 31 December totalled $50. 1m (£38. 57m), representing a 9% increase over 2018.
RDI REIT pleased with portfolio performance amid disposals programme
RDI REIT announced positive letting activity and continued progress on its strategic disposal programme on Monday, reporting that its portfolio occupancy had remained high, with a number of successful lettings in the first quarter of the new financial year.
Georgia Capital gets government approval for wind project concepts
Georgia Capital announced on Monday that the Government of Georgia has approved the concept of its renewable energy division’s wind power plant projects near Tbilisi and Kaspi.
Diaceutics beats expectations on revenue and earnings
Pharmaceutical data analytics and implementation services provider Diaceutics updated the market on its trading for the year ended 31 December on Monday, reporting that as a result of a strong trading performance in the final quarter, underpinned by an increase in the number of clients and an accelerated growth in product sales, its revenue and adjusted EBITDA for the year were expected to be around £13. 4m and above £2. 1m, respectively.
Victrex announces new manufacturing joint venture in China
Victrex announced the creation of a joint-venture between its subsidiary, Victrex Hong Kong, and Yingkou Xingfu Chemical Company on Monday, to build and operate a new ‘PEEK’ polymer manufacturing facility in Liaoning, China, subject to certain performance conditions, including finalising land purchase and permit applications.
Flybe in crisis talks over its future - reports
Regional carrier Flybe is holding crisis talks over its future, including briefing government, as it seeks emergency funding, it was reported on Monday.