Company News
Allianz on lookout for takeovers in US and Europe
German insurer Allianz has said it is in the market for "big takeovers" around Europe and in the US.
Management buyout fails at Agriterra cocoa plantation
Agriterra advised the market on Monday that, further to its announcements of 5 October 2016 and 6 January 2017, the proposed management buyout transaction of the company's Sierra Leone cocoa assets - held through equity interests in Baranca Tide Limited and West Africa Cocoa Services Limited - will not be completed as anticipated.
Small cap round up
Goals Soccer Centres said on Monday that trading in the year to the end of December was broadly in line with market expectations as it posted a rise in sales. The company, which operates small-sided soccer centres, said group sales for the year were up 1. 3% to £33. 4m, with like-for-like sales 0. 6% higher, reflecting a “significant” improvement in the second half of the year.
Orosur Mining reports on transitional quarter
South America-focused gold producer, developer and explorer Orosur Mining posted its first half and second quarter results through November 2016 on Monday, updating the market at the same time of its exploration and development activities in Uruguay.
Genedrive supplies field test units to US DoD
Manchester-based diagnostics company genedrive announced on Monday that it has supplied Genedrive units and assays to the United States Department of Defense for field trials, as part its $7. 8m development programme for a handheld device to allow for the detection of biohazards such as biological warfare agents.
Instem faces setback at year end
Instem, an AIM-listed provider of IT solutions to the global early development healthcare market, reported a “strong” performance for the year ended 31 December 2016 but faced challenges with one of its divisions and contract delays.
Arrest warrant sought in South Korea for Samsung heir
South Korean authorities are seeking an arrest warrant for Jay Y Lee, the de-facto head of the Samsung group, in relation to an ongoing corruption scandal in the country.
Castleton Technology wins two new contracts worth £1.8m
Castleton Technology, an AIM listed software and managed services provider to the public and not-for-profit sectors, has secured two new contracts for a combined value of £1. 8m.
Panmure Gordon CFO Philip Tansey to step down
AIM-listed institutional stockbroker and investment bank Panmure Gordon said Philip Tansey has served notice of his intention to step down from the board and is leaving the company as chief financial officer at the end of March.
Tuesday preview: Theresa May's Brexit speech in the spotlight
Prime Minister Theresa May takes centre stage on Tuesday as she speaks on the government’s plans for triggering Article 50 of the formal Brexit process.
Purplebricks plots further expansion in Australia
AIM-traded online estate agency Purplebricks has launched its service in Australia and plans to expand further in the country.
Acacia Mining confirms talks with Endeavour
Acacia Mining confirmed on Monday that it is in preliminary discussions regarding a possible combination with Canadian gold miner Endeavour.
SIG appoints Nick Maddock as new finance director
SIG has confirmed that Doug Robertson will retire as group finance director at the end of the month and leave the company on 28 February following a handover period.
Director dealings: Diurnal trio dip in after EMA submission in December
A trio of Diurnal Group directors bought shares in the hormone disease specialist, which remain little higher than the low reached late last year.
Stranger Holdings raises £0.11m in placing
Stranger Holdings announced on Monday that it has raised a further £0. 11m through a placing of 11 million new ordinary shares of £0. 001 each in the Company at a price of 1p per placing share.
Global Energy buys 11 vessels as it transitions to subsea services
Global Energy Development announced on Monday that it has conditionally agreed to purchase 11 offshore subsea service vessels and a barge vessel as it seeks to adopt a new business strategy focusing on the subsea oilfield services sector.
Blue Star Capital invests in blockchain firm SatoshiPay
Technology-focused investment company Blue Star Capital announced on Monday that it has entered into a conditional agreement to subscribe for an amount of €0. 64m in UK-incorporated private nano payment software and blockchain company SatoshiPay.
First Property Group creates new fund with Oxbridge colleges
Fund manager First Property Group has created a new £15. 2m fund, Fprop UK Special Opportunities, with the universities of Oxford and Cambridge to invest in commercial property.
FinnAust posts positive test data from Pituffik
Greenland and Finland-focused FinnAust Mining updated the market on its metallurgical test work programme at its Pituffik Titanium Project in Greenland on Monday.
Ibstock revenues rise 5% as housebuilders import fewer bricks
Britain’s largest brick manufacturer Ibstock anticipates full year earnings will be on target as revenue rose due to growing house builder activity in the second half of the year, while brick imports declined.