Company News
Thursday preview: Sky, Hays, N Brown and WH Smith all report
Thursday should be the busiest day yet of London's autumn reporting season, with quarterly updates from Sky and Hays, together with final results from WH Smith and interim from N Brown.
Macdonald and Company acquires of 50% of Command Recruitment- Prime People
The Hong Kong subsidiary of global specialist recruitment company, Prime People, has acquired over 50% of the equity capital of Command Recruitment.
SDX Energy reports oil discovery at Morocco Sebou permit
A gas discovery has been made at SDX Energy's KSR-14 development well on the Sebou permit in Morocco, in which the company has a 75% working interest.
Compagnie St-Gobain reinforces mortars business with Megaflex acquisition
French multinational Compagnie de Sain-Gobain (COD) announced on Wednesday that it had acquired Argentinean construction supply firm Megaflex through Weber, its mortars business.
Veltyco enters partnership with Esports Radar
Gaming industry online marketing company Veltyco Group announced on Wednesday that it has entered into a partnership agreement with Esports Radar, a newly incorporated company in Malta, focusing on rolling out a new esports business.
Zoltav reveals disappointing drilling results from Bortovoy
Russia-focussed oil and gas exploration and production company Zoltav updated the market on its operations on the Bortovoy licence in Saratov on Wednesday, after it claimed it was reevaluating the forward drilling programme for the Permian Basin in its half-year report on 26 September.
Focus on channels sees solid revenue growth at Quiz
Fast fashion womenswear brand Quiz announced a 35% year-on-year increase in group revenue to £56. 1m for the six months to 30 September in a trading update on Wednesday, while its gross margins remained in-line with expectations.
Altus Strategies signs letter of intent to acquire Legend Gold
Africa-focussed exploration project generation firm Altus Strategies announced on Wednesday that it has signed a non-binding letter of intent with Legend Gold.
Universe begins rolling out next-gen forecourt payment system
Point-of-sale, payment and online loyalty systems developer and supplier Universe Group announced on Wednesday that it has commenced the rollout of its new ‘Gempay 3’ payment solution to fuel forecourts.
Government confirms GBP0.5bn of clean energy funds for next CFD auction
Green energy developers will be able to compete for up to £557m of government funding in electricity auctions planned by the government to boost "less established" renewable energy.
Rurelec confirms early stage discussions over possible offer
AIM-listed Rurelec confirmed on Wednesday that it is in discussions with a consortium led by former chief executive Peter Earl regarding a possible offer for the company.
Deltic makes no offer for Revolution, clears way for Stonegate
Nightclub owner Deltic has decided not to make a formal offer for Revolution Bars before the deadline, meaning the path is now clear for Slug and Lettuce owner Stonegate to crack on with its takeover.
Ultra Electronics wins £9m contract at Heathrow airport
Ultra Electronics has won a £9m baggage management software contract with the Airline Operators Committee at Heathrow Airport.
JPEL collects $29m from Accela acquisition
Guernsey-based private equity firm JPEL announced on Wednesday that it had received an internal rate of return (IRR) of roughly 35% as a result of Berkshire Partners' acquisition of governmental software group Accela on 29 September.
Corero signs resell partnership agreement with US firm
Corero Network Security announced on Wednesday that it has signed a resell partnership agreement with an unnamed leading US-based global cloud DDoS service provider.
Genel Energy receives Kurdish payments for Tawke and Taq Taq
Genel Energy has announced receipt of payment for oil shipments from two licences in Iraq's Kurdistan region.
Steppe Cement reports drop in year-to-date sales volumes
Steppe Cement announced a sharp rise in third quarter revenue growth on Wednesday despite a drop in sales volumes for the year-to-date.
Ready meal group Bakkavor eyes IPO
London-based ready meal provider Bakkavor intends to proceed with an initial public offering so it could begin trading on the main market for listed securities of the London Stock Exchange.
M7 Multi-Let proposes £300m flotation
Newly established closed-ended investment company M7 Multi-Let REIT announced on Tuesday that it intended to raise up to £300m pounds, before expenses, by way of a placing, offer for subscription and an intermediary offer of ordinary shares in the company's capital.
Brave Bison wins tender for All Nippon Airways influencer campaign
Independent digital media and social video broadcaster Brave Bison announced on Wednesday that it has won a competitive tender to develop, create and produce All Nippon Airways' first multi-influencer video marketing campaign.