Company News
Brexit fallout leaves BMW considering alternatives for Mini plant
Britain's decision to leave the European Union is a factor in BMW's doubts over whether to make electrically-powered Minis in its Oxford factory.
XRT machinery arrives at Premier African's RHA project
Southern and western Africa-focussed multi-commodity resource and development company Premier African Minerals announced that the x-ray transmission (XRT) had arrived on site at RHA and was currently being assembled and integrated on Monday.
Verona Pharma narrows loss as it strengthens structure
Clinical-stage biopharmaceutical company Verona Pharma announced its audited results for the year to 31 December on Monday, a period in which it raised gross proceeds of £44. 7m from a placing of 1. 56bn units at a price of 2. 873p per unit, with each unit comprising one new ordinary share and one warrant to purchase 0. 4 of an ordinary share.
Trump to push for huge increase in US military spending, defence stocks spike
US President Donald Trump plans to push ahead with a budget that includes a £54bn, or 9%, rise in spending on armed forces, with an equivalent cut for spending on domestic agencies.
Galantas raises CAD 2.5m in two-part placing
Galantas Gold Corporation, the gold producer and explorer with a 100% interest in Northern Ireland's Omagh gold mine, announced on Monday that the private placement to the gross value of CAD 2,446,299, in line with the terms and proposed placing price previously outlined on 18 January, was anticipated to close in two parts.
Tuesday preview: Taylor Wimpey, GKN, Fresnillo among companies reporting
Results season digs in on Tuesday with the likes of Taylor Wimpey, GKN, and Fresnillo, and with only second-line economic data prints on the day, companies should get most of the attention.
Botswana Diamonds raises £525,000 to fund exploration programmes
AIM-listed miner Botswana Diamonds has raised £525,000 in order to fund drilling and exploration work at its South Africa and Botswana sites.
Mereo widens operating loss as drug development continues
Clinical stage, UK-based, biopharmaceutical company focused on rare and specialty diseases, Mereo BioPharma Group, announced its audited preliminary results for the year to 31 December on Monday - a year in which it was admitted to the AIM market on 9 June.
GlobalData sees record reported and deferred revenues
GlobalData posted its results for the 2016 calendar year on Monday, with group revenue increasing by 65% to £100. 0m and deferred revenue improving by 57% to £46. 1m year-on-year.
Monday broker round-up
Rightmove: Morgan Stanley downgrades to Equal Weight with a target price of 4400p.
LGO Energy to start drilling at Trinidad mine next week
Oil and gas firm LGO Energy confirmed that it will start drilling at its Groudon onshore field in Trinidad after the mobilisation of a rig.
Small cap news round-up
Molecular diagnostics group Premaitha Health has gained regulatory clearance for the acquisition of Taiwan-based Yourgene Bioscience, a non-invasive prenatal testing bioinformatics specialist.
Premaitha Health gains clearance for Yourgene Bioscience acquisition
Molecular diagnostics group Premaitha Health has gained regulatory clearance for the acquisition of Taiwan-based Yourgene Bioscience, a non-invasive prenatal testing bioinformatics specialist.
Results round-up: Bunzl, Hiscox, Ascential, Keller Group, Senior
Distribution and outsourcing company Bunzl received a boost from the post-Brexit vote slump in the pound as full year pre-tax profits jumped 12% to £362. 9m.
Broker tips: Rightmove, Kaz Minerals, Essentra, Smith & Nephew
Morgan Stanley has downgraded Rightmove to 'equalweight' from 'overweight' and kept the price target at 4,400p.
BTG gets US FDA clearance for blood clot device
Specialist healthcare company BTG has been given clearance by the US Food and Drug Administration for its EKOS Control Unit 4. 0, which is an ultrasonic device used to dissolve blood clots and restore blood flow.
Consumers to feel pain of injury payout changes as insurers take hits
Consumers face higher insurance premiums after a bigger-than-expected cut by the government in the discount rate to calculate personal injury claim awards led to insurers facing one-off write downs.
RTC earnings fall short of board expectations
Engineering and technical recruitment company RTC Group announced its audited results for the year to 31 December on Monday, with group revenue rising to £67. 9m from £64. 9m year-on-year.
FBD swings to profit in costly Irish insurance market
FBD Holdings posted its preliminary results for the 2016 calendar year on Monday, reporting an €11m profit before tax from continuing operations, including a one-time pension gain of €7m, swinging from a loss of €85. 91m in 2015.
HSBC downgrades Kaz Minerals as it was 'too bullish' on copper production
Shares in Kaz Minerals were under pressure on Monday as HSBC downgraded the copper miner to ‘reduce’ from ‘hold’ and cut its target price to 400p from 440p as it had been "too bullish" on Kaz’s production guidance for 2017.