Company News
Egdon Resources issues pre-notice of preliminary results to be announced in late October
UK-based exploration and production company Egdon Resources issued a pre-notice on Friday stating that its preliminary results will be announced in late October.
Cluff Natural Resources £1m subscription to invest in new licenses
Cluff Natural Resources went cap in hand to shareholders at the end of the week in order to raise fresh funds to finance bidding for additional licenses in the UK and to pursue potential investment opportunities.
Dunedin to realise Alpha investment after AIM flotation
Investment trust Dunedin Enterprise announced on Friday that Alpha Financial Markets Consulting, in which it made a £8m investment in back in February 2016, had finalised terms for its conditional placing and proposed admission to the Alternative Investment Market of the London Stock Exchange.
SolGold reports on drilling progress
SolGold updated the market on the drilling results of holes 23R-D1 and 24-D1R on Friday, as well as the progress of drilling at Cascabel, the company's 85%-owned copper-gold porphyry project in Ecuador.
Vietnam Infrastructure shares cancelled ahead of winding-up vote
Investment vehicle Vietnam Infrastructure announced on Friday that trading in the company's shares on AIM was suspended with effect from 0730 BST, pending the result of the extraordinary general meeting to be held at 1430 BST on 9 October, in accordance with its timetable previously announced on 25 August.
Beximco Pharmaceuticals could acquire majority of Nuvista
Generic pharmaceutical products manufacturer Beximco Pharmaceuticals announced on Friday that it entered into a non-binding memorandum of understanding, under which it may acquire a majority shareholding of 85. 22% in Bangladesh-based hormones and steroid drugs specialist Nuvista Pharma.
RWS Holdings enjoys 'best year ever'
Intellectual property support services provider RWS Holdings updated the market on its trading for the year to 30 September on Friday, ahead of the announcement of its full year results, which is expected on 6 December.
Vietnam Infrastructure to suspend trading of shares
Vietnam Infrastructure Limited, a closed-end fund trading on the London Stock Exchange's Alternative Investment Market (AIM), reported on Friday that trading in the company's shares on AIM is to be suspended on Monday and could be cancelled.
Ofcom promises clearer speed information for broadband consumers
Broadband shoppers must receive better information about speeds before they commit to a contract, the regulator said on Friday, under a range of new protections it has set out.
GlobalData chief selling 1.4m shares in placing
GlobalData announced on Friday that it has been advised by its chief executive Mike Danson that, in response to demand from investors, he intended to sell approximately 1. 4 million ordinary shares in the company via an accelerated bookbuild placing to institutional investors at a price of 540p per share.
Chemring receives cash advance related to ammunition contract
Chemring said on Friday that it has received the cash advance payment and export licenses associated with the $30m contract to supply 40mm ammunition to an international customer.
Mirada wins new five-year contract with Bolivian pay TV operator
AIM-listed Mirada has announced a new five-year contract for its Iris multiscreen solution with Bolivian pay TV operator and broadband services provider, Digital TV Cable.
Duke Royalty enters into second financing deal with Lynx Equity UK
Duke Royalty announced on Friday that it has entered into its second royalty financing agreement with Lynx Equity UK.
Medaphor finalises Intelligent Ultrasound acquisition
Welsh ultrasound software and simulation company Medaphor announced on Friday that it had completed the previously announced acquisition of Oxford-based firm Intelligent Ultrasound (IUL) after its admission of 57,477,285 new ordinary shares raised £5. 5m.
Asiamet makes 'excellent progress' on feasibility study
AIM-listed copper and gold exploration junior Asiamet Resources said on Friday that it had continued to make "excellent progress" on its feasibility study at Beruang Kanan Main (BKM) in Indonesia.
CQS grows net asset value on the back of 'more sanguine' markets
Closed-end investment company CQS New City High Yield Fund Limited said on Friday that it had grown its net asset value (NAV) 16. 13% in the year ended 30 June 2017 as markets gradually became "more sanguine" towards concerns that had muted its investment returns in the previous year.
Glencore buys South African assets from Chevron
Glencore has bought up $973m of manufacturing, retail and industrial supply businesses in South Africa and Botswana from Chevron.
Hollywood Bowl makes good progress a year after floating
Ten-pin bowling operator Hollywood Bowl Group issued a pre-close trading update for the year to 30 September on Friday, reporting positive progress with its development strategy one year after it floated.
Ultra Electronics eyes January close on Sparton deal
Ultra Electronics confirmed on Friday that Sparton Corporation shareholders had approved the takeover by Ultra.
Lonmin surges as lenders waive some debt covenants
Lonmin shares surged on Friday after the company said its lenders have agreed to waive some of its debt covenants, giving the miner some breathing space and allowing it to buy the rest of its Pandora joint venture mine.