Company News
Vedanta Resources & Konkola Copper Mine lose appeal against English Court
FTSE 250 firm Vedanta Resources posted an announcement on Friday informing that the English Court of Appeal had dismissed it and Konkola Copper Mine's (KCM) appeal against the English court, concerning the court's jurisdiction to hear and adjudicate claims by Zambian residents regarding KCM's operations in Zambia.
Director dealings: Cutting season at the Gym Group sees director shed half a million shares
UK-based health and fitness facilities provider The Gym Group announced on Friday that its senior independent non-executive director Paul Gilbert had sold more than £1m worth of shares in the budget gym chain on Thursday.
IAG eyes empty slots left by Monarch
Chief executive Willie Walsh said on Friday that IAG had been eyeing off slots left empty at Gatwick Airport as a result of Monarch's collapse earlier on 2 October, which came shortly after Alitalia and Air Berlin had also entered administration, reducing capacity in the highly competitive European airline sector.
Ashanti Gold identifies "broader" and "new" mineralised zones in Ghana- Goldplat
Gold exploration and development company Ashanti Gold Corp has identified "broader" and "new" mineralised zones at Goldplat's Anumso Gold Project in Ghana, according to Goldplat.
Amati outperforms net asset value benchmark despite widening discount
London-based venture capital trust Amati's net asset value (NAV) rose significantly through its first half of trading despite its NAV discount widening.
Metal Tiger acquires shares in ASX gold producer
AIM-listed equity investment firm Metal Tiger purchased 1. 85m shares in Australian gold company Kingsgate Consolidated on Friday as it sought to reap the benefits of its operations in Thailand and Chile.
Oxford BioDynamics says study proves EpiSwitch utility
Biotechnology company Oxford BioDynamics announced on Friday that it has presented a poster at the Diabetes Asia 2017 conference in Kuala Lumpur.
Taurus Funds Management sells stake in Base Resources
Mineral sands producer Base Resources, focused on the Kwale Mineral sands operations in Kenya, East Africa, was informed by Taurus Funds Management that it had ceased to be a significant shareholder of the company.
Redx administrators make moves to return company to directors
Drug discovery and development company Redx looked to be closer to coming out of administration on Friday, as it announced that Jason Baker and Miles Needham of FRP Advisory LLP - joint administrators of the company and of its subsidiary Redx Oncology - have applied to the High Court for an order which will enable the companies to be rescued as going concerns and the joint administrators to vacate office.
Herencia Resources shifts self-imposed results deadline
Herencia Resources confirmed its shares would continued to be suspended on Friday, as it missed its self-imposed deadline to issue its interim results.
Pittards to take £1m hit from Ethiopia currency devaluation
Technically-advanced leather producer Pittards noted on Friday that the Ethiopian government has devalued its currency by 15% as of Wednesday.
NAHL Group establishes second alternative business structure
Legal services consumer marketing business NAHL Group announced on Friday that it has established its second alternative business structure (ABS), this time in partnership with full-service national legal practice Lyons Davidson.
Treasury select committee demands FCA reveal findings of RBS-GRG report
Nicky Morgan, chairperson of the Treasury select committee warned the Financial Conduct Authority (FCA) that it would invoke rarely-used powers to compel the regulator into disclosing the details of its report on the Royal Bank of Scotland's treatment of customers.
EJF Investments declares third interim dividend of 2.4p per share
The directors of EJF Investments, a closed-ended investment outfit, have declared a third interim dividend of 2. 4p per share for the quarter ending 30 September 2017.
Bluejay begins feasibility study at newly-renamed Dundas project
Greenland and Finland-focussed Bluejay Mining announced on Friday that its feasibility study has commenced at the Dundas Ilmenite Project - previously referred to as the Pituffik Titanium Project.
Greatland launches field activities at Paterson project
Precious and base metals exploration and development firm Greatland Gold announced on Friday that it had begun the first phase of field activities at its Paterson project in Western Australia.
Premaitha Health gains traction in Middle East, onboards new customers
International molecular diagnostics group Premaitha Health has clinched several new contracts and customer wins in the Middle East through the company's regional distribution network, increasing the company's potential "addressable market".
City regulator met Saudi Aramco before unveiling new IPO rules
The City's chief watchdog, Andrew Bailey, revealed on Friday that he met with Saudi Aramco early this year to tell the oil giant about plans to change listing rules that could allow it to float in London.
Triple Point finalises acquisitions of 12 new assisted living properties
London-based real estate investment trust Triple Point Social Housing added a further 12 supported housing properties to its portfolio, all of which were immediately income generating.
Provident Financial stems losses from home credit business
Provident Financial has begun to staunch the blood flow at its doorstep lending business after two profit warnings earlier this year, though analysts were divided as to whether the non-standard lender is out of the woods yet.