COMPANY NEWS
06 Nov
Condor Gold drill programme returns positive results
Gold bars

Central American focussed explorer Condor Gold said on Monday that the final six drill holes of a 43-hole programme on the Mestiza Vein Set at its La India Project in Nicaragua had returned positive results.

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06 Nov
Supply chain issues delay revenues for Concepta
china traffic car

UK healthcare company Concepta received notice of a £600,000 order from one of its distributors for November but noted that due to third-party constraints, revenue from the order would not be realised until the first quarter of the 2018 financial year.

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06 Nov
Versarien completes expanded £2.9m fundraising
Money pounds sterling

Advanced materials group Versarien confirmed the successful completion of its £2. 9m fundraising on Monday, comprising a placing by WH Ireland along with an offer, via PrimaryBid.

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06 Nov
Oakley Capital takes on German higher education group
billetes euros

Oakley Capital Investments said on Monday that Oakley Capital Private Equity III has agreed to acquire Apollo Global Germany from its current shareholder Apollo Education Group.

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06 Nov
Paradise Papers: Queen, Ross, Glencore exposed in tax haven document leak

A huge new cache of financial documents has been released showing how some of the world’s wealthiest individuals and companies use offshore tax havens to maintain and grow their riches.

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06 Nov
Losses widen for Sterling Energy
enquest, oil, drilling, crude

Upstream oil and gas company Sterling Energy saw losses widen in its third quarter as its Chinguetti oil field off the coast of central Mauritania came near to the end of its production life.

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06 Nov
Tuesday preview: Results from AB Foods, Imperial Brands, G4S, Direct Line, Hiscox
security cctv g4s

Tuesday offers up a fairly busy day of corporate results and trading updates, led by Primark owner Associated British Foods, tobacco giant Imperial Brands, plus insurers Direct Line and Hiscox, and the still-recuperating G4S.

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06 Nov
JZ Capital cashes in on Factor Energia investment
LED lights

Guernsey-based closed-ended investment company JZ Capital Partners (JZCP) realised the net asset value of its majority interest in Spanish energy group Factor Energia on Monday.

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06 Nov
Cadence Minerals agrees to acquire Pilbara asset from Macarthur Minerals
Rio Tinto train in the Pilbara region of Western Australia; mining

London-based early investment and development company Cadence Minerals agreed to acquire a 35 square kilometre exploration license in the Pilbara region of Western Australia from Macarthur Minerals.

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06 Nov
Intercede shares drop on warning of multiple enterprise awards failing to materialise
cbbaji

UK-based software firm Intercede Group said on Monday that its ability to meet market expectations for the company's financial year had been hindered by a combination of several large enterprise awards failing to materialise despite "customer commitments to the contrary" and a generally slower market.

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06 Nov
Suspension lifted from Redx shares as it exits administration
calculatrice-et-trombones-comptes-entrepreneurs-entreprises-argent-finances-tpe-pme-entreprenariat-finances-banques-startup-business-plan-argent

Trading in Redx Pharma shares restarted at midday on Monday, after the company announced in 3 November that it had successfully come out of administration as a going concern.

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06 Nov
SysGroup issues profit warning amid slow business transition
cash money sterling pound

Managed IT services and cloud hosting provider SysGroup updated the market on its trading for the six months to 30 September on Monday, saying that during the period it focused on executing the continued transformation of the business to managed IT services and cloud hosting.

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06 Nov
Xpediator takes delivery of Regional Express in £1.2m acquisition
Money coins pound

Freight management services provider Xpediator has acquired Regional Express, a UK-based freight forwarder and international courier, it announced on Monday.

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06 Nov
Solo Oil confident despite Aminex troubles at Kiliwani
oilfield

Solo Oil noted on Monday today that Aminex - the operator of the Kiliwani North Development Licence in Tanzania - reported that production from the Kiliwani North-1 well has been temporarily reduced to gas rates of below 1 million cubic feet per day.

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06 Nov
Convatec 'oversold' since profit warning, Credit Suisse
convatec ostomy

The outlook for ConvaTec is not nearly so gloomy as the market is currently making out, said UBS as it upgraded its recommendation on the colosotomy bag and catheters specialist.

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06 Nov
Boxhill reaches deal with PDU to market high-value transfer service
billetes euros

Boxhill Technologies updated the market on Monday, after its announcement that it is launching a new high-value transfer service (HVTS) for transactions of more than €10m through its wholly-owned subsidiary Emex Technologies, on 28 July.

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06 Nov
Kosmos Energy increase oil and gas revenue threefold, still posts loss
citla energy port

US oil company Kosmos Energy saw losses widen in its third quarter despite more than trebling revenue from its oil and gas businesses.

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06 Nov
Union Jack takes 20pc chunk of Egdon's Fiskerton
oilfield

UK-focussed onshore oil and gas production and exploration company Union Jack Oil announced on Monday that it has signed a sale and purchase agreement to acquire a 20% economic interest in licence EXL294 containing the producing Fiskerton Airfield Oilfield, from operator Egdon Resources.

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06 Nov
Satellite Solutions Worldwide makes three bolt-on acquisitions
libras

Alternative broadband services specialist Satellite Solutions Worldwide has completed three acquisitions, it announced on Monday, consisting of two fixed wireless broadband ISPs and a satellite broadband customer base.

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06 Nov
Grafenia grows turnover but warns costs will hit full year earnings
grafenia

Operating losses remained flat for Manchester-based printing business Grafenia in the first half as it grew turnover 31% and completed its largest acquisition.

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