COMPANY NEWS
20 Oct
Octagonal 'extremely pleased' as it reports record revenue and profits
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Octagonal updated the market on its trading on Friday, based on the unaudited interim figures for the six months to 30 September for its wholly-owned subsidiary, Global Investment Strategy UK, saying it was “extremely pleased” with the record revenues and profits achieved.

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20 Oct
Marlowe trading in line as acquisitions integrate 'well'
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Support services group Marlowe updated the market on its trading for the six months to 30 September on Friday, saying trading in the first six months of the financial year was in line with board expectations.

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20 Oct
Ncondezi agrees non-binding development offer with CMEC and GE
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Ncondezi Energy announced on Friday that it has agreed - in principle - to the terms of a non-binding offer with China Machinery Engineering Corporation and General Electric South Africa to enter into exclusive negotiations to develop, construct and operate the integrated Ncondezi 300MW coal-fired power project and open pit coal mine in Tete, Mozambique.

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20 Oct
Gulf Keystone production, exports not impacted by fighting
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Gulf Keystone Petroleum, an independent operator and producer in the Kurdistan Region of Iraq, confirmed on Friday that operations continued safely and securely despite political instability in the surrounding region, with average production of 34,525 barrels of oil equivalent per day from the Shaikan oil field since the start of October.

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20 Oct
Bacanora clears regulatory hurdle at Sonora lithium project
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Lithium exploration and development company Bacanora Minerals announced on Friday that the environmental impact statement - the ‘manifestacion de impacto ambiental’ (MIA) - for its flagship Sonora Project in Mexico has been approved by SEMARNAT, the Environment Ministry of Mexico.

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20 Oct
Elektron Technology completes sale of Sheen Instruments
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Elektron Technology confirmed it has completed the sale of its wholly-owned subsidiary Sheen Instruments on Friday, to Industrial Physics.

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20 Oct
DX Group narrows loss after tough year
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DX Group reported preliminary results for the year on Friday, with revenue rising to £291. 9m from £287. 9m a year earlier, although EBITDA fell to £7. 2m from £18m.

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20 Oct
EServGlobal raises £24m to push forward HomeSend joint venture
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EServGlobal announced the successful completion of the institutional component of its 1-for-3 non-renounceable entitlement offer on Friday, which it first announced on Wednesday, alongside a firm placing to institutional investors.

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20 Oct
Assura subsidiary issues £150m of privately-placed notes, increases debt facilities

Assura’s wholly-owned subsidiary, Assura Financing Limited, has issued £150m of privately placed notes and increased its debt facilities.

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20 Oct
Aker Solutions wins contract to deliver largest umbilicals system in Norway
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Aker Solutions said it had won an order worth over NOK1. 6bn to deliver the "largest umbilicals system ever" in Norway on Friday.

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20 Oct
MHWirth awarded drilling contract in Canada from Wood Group Canada, says Akastor
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MHWirth, owned by Akastor ASA, clinched a contract from Wood Group Canada, the energy, products and services provider, to deliver a drilling package for the West White Rose Project offshore Canada.

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20 Oct
Jersey Oil to raise £20m via accelerated bookbuild
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Jersey Oil & Gas announced on Friday its intention to raise fresh capital via a discounted share offering to fund the company's Verbier appraisal programme and Cortina exploration drilling.

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20 Oct
Toro Limited announces dividend payment of EUR 0.02 per share
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Toro Limited, the company which says it seeks to generate attractive, risk-adjusted returns, through investing, and in some cases, trading opportunistically, has announced the payment of a €0. 02 dividend per share for the quarter ended 30 September 2017.

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20 Oct
Osirium Technology closes two new contract renewals
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Cyber Security SaaS provider Osirium Technologies reported on Friday that two of its customers, Thinkmoney and M-Netics, had extended their contracts with the company.

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20 Oct
Renishaw Q1 profit and revenue rise on Far East orders
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FSTE 250 engineer Renishaw reported a rise in first-quarter profit and revenue on Friday thanks in part to a number of large orders from Far East customers in the consumer electronics markets.

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20 Oct
Property Franchise says Belvoir offer 'significantly' undervalues the group
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The Property Franchise Group outlined the reasons for its rejection of a merger offer from Belvoir Lettings on Friday, saying it “significantly undervalues” the group.

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20 Oct
PowerHouse puts gasification system through 36-hour demonstration
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Ultra-high temperature waste-to-energy and waste-to-hydrogen systems developer PowerHouse Energy Group has confirmed the successful demonstration of its G3-UHT gasification system to investors, potential business partners and media on two recent open days at the Thornton Science Park near Chester.

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20 Oct
Velocys picks Mississippi site for first US biorefinery
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Renewable fuels company Velocys announced on Friday that it has signed a site option agreement with Adams County in the State of Mississippi for its first US biorefinery, to be located in Natchez, Mississippi.

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20 Oct
Armadale Capital agrees £0.4m facility for graphite project progression
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Natural resources-focussed investment company Armadale Capital announced on Friday that the company has agreed a financing facility with a consortium of “high net worth individuals” to provide up to £0. 4m in support of the continued development of the Mahenge Liandu Graphite Project in Tanzania, and the completion of a feasibility study in the first half of 2018.

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20 Oct
Henry Boot signals bumper year given fast rate of completions
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Henry Boot updated the market on its current trading on Friday, saying that it continued to be “very strong” across all business segments - in particular within property development and land promotion.

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