Company News
Lloyd's of London to cut UK staff by 10%, report says
Lloyd's of London will shrink its number of staff in the UK by a tenth in a bid to streamline operations in the face of heightened competition.
Coal of Africa completes acquisition of Uitkomst Colliery
Coal of Africa announced on Monday that all conditions precedent to the acquisition of 100% of the shares in and claims against Pan African Resources Coal Holdings (PAR Coal) had now been fulfilled, following Uitkomst Colliery having entered into a supply of coal agreement on terms acceptable to Coal of Africa.
Minoan Group shares rocket after winning legal battle in Crete
Shares in resort developer Minoan Group soared on Monday after it won a legal battle over its Itanos Gaia project in Crete.
Bezant makes good progress at Colombia licence area
Mineral exploration and development company Bezant announced on Monday that its first gold platinum recovery plant, acquired on 31 May, had arrived on site at the FKJ-083 licence area in Colombia and was currently in the final stages of commissioning, with initial test production scheduled to occur by 30 June.
Directors dealings: Thor Mining's Johnson buys 0.5m shares to lift stake to 3.66%
Thor Mining non-executive director Paul Johnson waded into the market again on Monday, buying 0. 5m shares in the company at 0. 935p each.
Touchstone puts £4m into mobile payments firm Yoyo Wallet
Touchstone Innovations announced on Monday that it participated in a £12. 0m Series B funding round in Yoyo Wallet, committing £4. 0m to the round, which was led by the digitalisation and start-up investment arm of international food wholesaler METRO Group.
Windar sells another five WindEYE sensor systems
LiDAR wind sensor technology developer Windar Photonics announced a new order for five ‘WindEYE’ sensors from an unnamed Mexican independent power producer on Monday.
Supervalu CFO resigns
Supervalu, one of the US's largest wholesalers and retailers, today announced that its chief financial officer Bruce Besanko has tendered his resignation.
US open: Stocks rise despite weak economic data, oil price slip
Wall Street's main market averages were firmly on the black on Monday, despite mixed news on the economic front.
Bagir Group buys remaining half of Nazareth Garments
Designer, creator and provider of innovative tailoring products Bagir Group announced on Monday that it had completed the acquisition of the remaining 50% shareholding in Nazareth Garments, the joint venture owner of its manufacturing site in Nazareth, Ethiopia, for a total consideration of $1. 9m.
Tuesday preview: Debenhams, Carpetright, Petrofac, Faurecia
Debenhams was leading a small charge of company news due on Tuesday morning, with finals from Carpetright and an update from Petrofac also providing some read-through.
Harvest Minerals makes progress at Arapua project
Fertiliser development company Harvest Minerals updated the market on Monday, highlighting progress at its Arapua multi-nutrient direct application natural fertiliser project, located in the heart of the Brazilian agriculture belt in Minas Gerais.
Loo roll maker Accrol invests in new machine
AIM-listed loo roll maker Accrol has invested €4. 5m in a new tissue converting machine for its recently-opened facility in Leyland, Lancashire.
Petrel Resources hails renewed interest in Irish Atlantic
AIM-listed Petrel Resources, an oil & gas explorer focused on projects in Ireland, Iraq and Ghana announced a renewed interest and activity in the Irish Atlantic.
Regal Petroleum confirms flow testing at MEX-109
Oil and gas exploration and production group Regal Petroleum announced the hook-up and flow testing of the MEX-109 well located at its Mekhediviska-Golotvshinska gas and condensate field in Ukraine on Monday.
Fusionex wins multi-year contract with Asian logistics provider
Software solutions provider Fusionex International announced on Monday that it had won a multi-million dollar multi-year contract to deliver a data management solution for an unnamed Asian logistics and communications service provider, to revamp how it engages with customers.
Takata files for bankruptcy protection, announces $1.6bn acquisition
Takata, a global supplier of automative safety systems such as seat belts, air bags and child seats, filed for bankruptcy protection in the US and Japan and announced it would be bought for $1. 6bn by Key Safety Systems.
Surgical Innovations trades in line with expectations
Minimally invasive surgery technology designer and manufacturer Surgical Innovations Group was set to hold its annual general meeting on Monday afternoon, with executive chairman Nigel Rogers confirming that trading performance in the year-to-date was in line with expectations.
Clear Leisure subsidiary brings more evidence to winding-up hearing
Clear Leisure was in court on Friday, for the planned and previously announced hearing to consider the petition by the court prosecutor of Ivrea to wind-up its Mediapolis subsidiary and development.
Rio Tinto confirms Yancoal as preferred buyer of thermal coal assets
Rio Tinto has confirmed its recommendation that shareholders vote in favour of the sale of its subsidiary Coal & Allied Industries to Yancoal Australia.