Company News
Small cap round up
Snoozebox will be providing a total of 240 rooms at the Isle of Man TT motorcycle races being held between May and June. This will be the fourth time Snoozebox provides accommodation for the event and it will be located in Noble's Park, close to the main TT grandstand, start/finish line, paddock and TT hospitality suite, and just minutes from all the action. Adjacent to the hotel is a restaurant, bar and guest lounge.
Silence confirms minority stake in Arrowhead Pharmaceuticals
Discoverer, deliverer and developer of novel RNA therapeutics for the treatment of serious diseases, Silence Therapeutics updated the market on its announcement on 9 January regarding the acquisition of a minority stake in Arrowhead Pharmaceuticals.
Taliesin reports 10pc rise in property value
Taliesin Property Fund announced on Friday that it has been advised by its property valuers, Jones Lang LaSalle, that its property portfolio has continued to rise in value over the six months to 31 December.
Gunsynd sinks cash into Oyster Oil & Gas
Gunsynd announced on Friday that it has signed a subscription agreement with Oyster Oil & Gas, a junior oil and gas exploration and production company quoted on the Toronto Venture Exchange in Canada, to invest £0. 125m as part of a wider fundraising with existing investors of £0. 25m.
Vela investment BTL makes progress in energy and finance spaces
Early stage and pre-IPO disruptive technology investment firm Vela noted an announcement released by BTL Group on Friday, which provided details on BTL's blockchain pilot project with a leading energy company and an update on BTL's previously-announced pilot in the finance and banking space.
Adamas reports positive progress on TTS Project disposal
Adamas Finance Asia updated the market on the disposal of the Tian Tong Shan Villa Project on Friday.
JPMorgan beats on EPS but falls short on revenue in Q4
US investment bank JPMorgan Chase released its fourth quarter 2016 earnings on Friday.
Wells Fargo profits fall in first full earnings report since account scandal
Wells Fargo, the third-largest bank in the United States, saw a fall in its profits during the final quarter of 2016 in its first full earnings report since its fake accounts scandal.
Vietnam Infrastructure receives first payment for Southeast Asia Telecoms sale
AIM-listed investment fund Vietnam Infrastructure has received the first payment for the sale of Southeast Asia Telecommunications from OCK Vietnam Towers.
Grafton's revenue rises as it expands Selco brand in UK
Irish building materials company Grafton Group’s revenue rose as it expanded the Selco merchanting brand in the UK.
Boeing to build 205 airplanes for India's SpiceJet
Boeing is to make 205 airplanes for Indian budget airline SpiceJet, in a deal worth about $22bn.
Burberry replaces COO and CFO
British fashion brand Burberry has confirmed that Julie Brown will be taking on the role of chief operating and financial officer on 18 January 2017.
Collagen Solutions awarded another Ph.D. studentship
Developer and manufacturer of medical grade collagen components Collagen Solutions announced on Friday that it has been awarded a third Medical Research Scotland Ph. D. studentship, this time in partnership with Professor Elizabeth Tanner, of the School of Engineering, at the University of Glasgow.
Secure Trust Bank takes a break from 'risky' personal loans
Secure Trust Bank issued a pre-close trading update on Friday, ahead of its annual results announcement 2016 calendar year, scheduled for 23 March.
Bank of America Q4 net income up 43%
Bank of America’s fourth-quarter earnings exceeded expectations on Friday thanks in part to a solid performance in the bond trading division, although revenue fell a little short.
Manx Telecom in line with expectations despite data centre decline
Isle of Man-based Manx Telecom said it has been trading in line with expectations, even with an expected revenue decline from the data centre business.
Iofina upbeat as it returns to normal production levels
Iodine and iodine specialty chemical derivative explorer and producer Iofina provided an update to the market on Friday, over 2016 crystalline iodine production totals and iodine production expectations for the first half of 2017.
Electrical Geodesics revenue rises despite softer second half
Neurodiagnostic medical technology company Electrical Geodesics posted a trading update for the year to 31 December on Friday, saying that on a preliminary, unaudited basis, it expects to report revenues for the year of approximately $14. 3m.
Centrica sells 50% stake in Lincs wind farm
British Gas owner Centrica has agreed to sell its 50% stake in the Lincs offshore wind farm off the coast of Skegness to the UK Green Investment Bank for £487m.
Steppe Cement's revenue falls as Kazakhstan cement consumption drops
Steppe Cement, a construction materials producer in Kazakhstan, reported that revenue fell as cement consumption in the country contracted, although the company maintained its market share.