COMPANY NEWS
22 Aug
Proactis delivers good revenue, earnings growth
libras

Spend control and eprocurement solutions provider PROACTIS Holdings said it delivered “substantial commercial and transformational strategic progress” in its full year on Tuesday, with revenues rising 31% over the previous year to £25. 4m.

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22 Aug
Frontera Resources progressing with Block 12 in Georgia
calculatrice-et-trombones-comptes-entrepreneurs-entreprises-argent-finances-tpe-pme-entreprenariat-finances-banques-startup-business-plan-argent

Europe-focussed independent oil and Frontera Resources updated the market on its operations related to ongoing work at Block 12 in Georgia on Tuesday.

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22 Aug
Frutarom gobbles up Swiss flavour makers Mühlehof Gewürze
Food manufacturing

Frutarom Industries announced on Monday it had signed an agreement that would see them acquire 100% of Swiss company Mühlehof Gewürze.

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22 Aug
Nostra Terra updates market on Pine Mills situation

Oil and gas exploration and production company Nostra Terra updated the market on its progress to secure the remaining 12. 5% stake in the Pine Mills oil field through a non-appealable court judgement against Hammerhead Management Partners on Tuesday.

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22 Aug
Wednesday preview: WPP results under spotlight, while eurozone and US PMI eyed
wpp martin sorrell

Wednesday offers a slight lull in the week, but there is still a barrage of services and manufacturing purchasing managers' index surveys across Europe and from the US, plus results from WPP and Premier Oil.

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22 Aug
Premier African Minerals portfolio firm makes good progress
calculatrice-et-trombones-comptes-entrepreneurs-entreprises-argent-finances-tpe-pme-entreprenariat-finances-banques-startup-business-plan-argent

Mining and exploration company Premier African Minerals was upbeat on the progress being made by its portfolio company Casa Mining, it announced on Tuesday, in which it holds a 4. 5% interest.

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22 Aug
Quantum Pharma posts solid first half
cash money sterling pound

Quantum Pharma posted a sizeable improvement in revenue and earnings in its interim results on Tuesday, with revenue up 13% year-on-year and EBITDA ahead 23% at £5. 7m.

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22 Aug
BH Macro says 'political and economic uncertainties' lead to net asset value declines
calculator-1680905 640

Closed-ended investment company, BH Macro posted a "modest" decline in net asset value per share of 0. 7% in its US dollar shares, while its sterling shares saw a more significant 4. 2% drop over the first six months of the year.

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22 Aug
Benchmark subsidiary renews Great Salk Lake agreement
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Benchmark Holdings announced on Tuesday that its wholly owned subsidiary, INVE Aquaculture, had successfully renewed its sales and marketing agreement with the Great Salt Lake Brine Shrimp Cooperative.

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22 Aug
Unite urges British Airways to 'pause for peace' over strike actions
british airways peru

Unite general secretary, Len McCluskey has requested British Airways "pause for peace" in an effort to ease tension between the carrier and its mixed fleet cabin crew over pay disputes and sanctions handed down to workers who refuse to cross the picket line.

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22 Aug
Persimmon builds up solid six months, profit margins impress
builder housebuilding bricklayers persimmon

Persimmon’s profit before tax surged in the first half of the year as sales improved but profits margins leapt higher thanks to strong cost control.

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22 Aug
Property slowdown fails to stop Abbey
countryside, house, housing

Abbey PLC, the UK based building and property development firm, released its full results for the year ended 30 April on Tuesday that included €63. 5m in pre-tax profit, an increase of 3% on the previous year.

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22 Aug
Bushveld updates sales and marketing agreement with Wogen
Money cash dollars

Diversified mineral development company Bushveld Minerals announced on Tuesday that, following its previous announcement on 20 March regarding a definitive sales and marketing agreement with Wogen Resources, its subsidiary Bushveld Vametco had agreed with Wogen to retire in full the $3m prepayment facility and to simultaneously increase the Vametco Alloys working capital facility by same amount from $6m to $9m.

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22 Aug
Kenmare Resources rides increased production levels into the black
cbmineraldehierro

Operators of the Moma Titanium Minerals Mine in northern Mozambique, Kenmare Resources posted an 82% increase in profit for the six months leading up to 30 June.

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22 Aug
FairfieldNodal is party interested in WGP Group, confirms Thalassa
Money coins pound

Thalassa Holdings revealed the identity of the interested party in WGP Group on Tuesday, confirming it as FairfieldNodal, which it described as a Texas-based “global leader” in seismic nodal technology.

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22 Aug
Provident Financial tanks as it issues profit warning and withdraws divi, CEO resigns
edgar test 10

Shares in FTSE 100 subprime lender Provident Financial tanked on Tuesday as it issued its second profit warning in two months and announced the resignation of its chief executive and the withdrawal of its dividend as the rate of progress in the turnaround of the home credit business has been "too weak".

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22 Aug
Balfour Beatty wins Great Western Mainline contract
Balfour Beatty, infrastructure

Infrastructure group Balfour Beatty has been selected by Network Rail to deliver a contract to electrify a 40-mile train route as part of the Great Western Mainline upgrade.

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22 Aug
Kibo makes regulatory progress with Mbeya coal-to-power project
Coal mine, mining

Tanzania-focussed mineral exploration and development company Kibo Mining updated the market on the Mbeya Coal-to-Power Project on Tuesday.

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22 Aug
Petrofac sells interest in Mexico's Panuco oil field
BP Mad Dog oil rig, Gulf of Mexico

Petrofac has sold off its final interest in its Mexico's Panuco oil field to Schlumberger.

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22 Aug
Sphere Medical plunges after warning it could run out of cash
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Shares of Sphere Medical plunged after the company said it would likely be forced into insolvency, unless it could fresh financing which was conditional on its delisting from AIM.

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