News And Announcements
Armadale appoints Xinhai Mineral for Mahenge test work
Armadale Capital reported on Tuesday that engineering, procurement, construction and manufacturing company Xinhai Mineral, part of the Chinese Yantai Xinhai group, had been selected to start metallurgical bulk test work as part of the first phase of the front-end engineering design (FEED) studies for the development of the Mahenge graphite project.
FireAngel confirms safety technology partnership with Ealing Council
Home safety products company FireAngel announced an ‘internet-of-things’ (IoT) rollout partnership with the London Borough of Ealing on Tuesday.
Keras Resources upbeat after recent meetings in Togo
Mineral resource company Keras Resources updated the market on progress at the Nayéga Manganese Mine in Northern Togo on Tuesday, which is wholly owned by its 85%-owned subsidiary Société Générale de Mines (SGM).
Bezant announces initial drilling results from Hope project
Copper-gold exploration and development company Bezant announced initial results for its drilling programmes, as well as positive tenure update news, from the Hope Copper-Gold Project in Namibia on Tuesday.
Nostra Terra completes logging of Cypress well
Oil and gas exploration and production company Nostra Terra announced the completion of logging at the Cypress farm-out well at its Pine Mills oil field on Tuesday, adding that the well would now be perforated and completed.
Treatt shrugs off Covid-19 hit to post jump in annual profits
Chemicals group Treatt said it had performed strongly in an "unprecedented" year as it posted a jump in annual profits.
AA extends deadline for £218m takeover offer
The AA has extended the deadline for its private equity suitors to make a firm takeover offer, the motoring and insurance group said on Tuesday.
JD Sports eyes Debenhams takeover - report
Shares in JD Sports were on the back foot on Tuesday after it was reported that the sportswear retailer was mulling a possible takeover of stricken department store chain Debenhams.
Invinity signs deal for South Australia vanadium flow battery system
Vanadium flow battery manufacturer Invinity Energy has signed a contract to deliver an 8 MWh vanadium flow battery (VFB) system, it announced on Tuesday, for a utility-scale solar-plus-storage project to be built in the state of South Australia.
Versarien wins £1.95m development deal with MoD laboratory
Materials engineering company Versarien announced on Tuesday that it has been awarded a product development agreement for £1. 95m by the Defence, Science and Technology Laboratory (DSTL), a part of the Ministry of Defence.
Ilika confirms plans for own manufacturing facility
Solid state battery technology company Ilika updated the market on its plans to implement production of its miniature ‘Stereax’ batteries, designed for industrial wireless sensors in hostile environments and miniature medical devices, on Tuesday.
Anglo Asian lowers Gedabek guidance as Armenia dispute ends
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated its guidance for turnover and production at the Gedabek contract area in the west of the country on Monday, to between 68,000 and 72,000 gold equivalent ounces for the year ending 31 December.
IQE lifts guidance as solid momentum continues
Semiconductor materials supplier IQE upgraded its full-year guidance on Tuesday, reporting that after its record first half revenue performance, trading in the second half had continued with positive momentum in both its wireless and photonics business units.
Pets at Home shares fail to wag as analysts signal caution
Pets at Home shares failed to find favour with investors on Tuesday, despite reporting a solid rise in profits for the half year as analysts at Shore Capital placed the stock under review.
Countrywide shareholders reject rescue plan, chairman quits
Countrywide’s recapitalisation plans were thrown into disarray on Tuesday after shareholders rejected a £90m offer from Alchemy Partners.
Pets at Home profits up as strong trading continues in Q3
Pets at Home Group reported higher interim profits and maintained its dividend after a strong second quarter as locked down Britons sought solace in their furry friends during the Covid-19 pandemic.
UK startup Caura to start offering insurance
UK car startup Caura will now offer vehicle insurance to make ownership less problematic.
UDG Healthcare posts stronger than expected full-year profits
UDG Healthcare posted a sharper than expected rise in full-year profits on the back of "strong" growth at its Sharp unit, which focuses on contract clinical, manufacturing and packaging, and is heavily involved in efforts to squash Covid-19.
Compass profits slump due to Covid hit
Contract catering giant Compass forecast a 2. 5% underlying operating margin in the first quarter of 2021 as annual profits were almost wiped out due to the closure of half its business during the coronavirus pandemic.
AO World swings to interim profit as online demand grows
AO World said on Tuesday that it swung to a profit in the first half as strong demand amid the pandemic boosted revenues, but shares in the online electricals retailer slid as investors took some profits after a strong run.