Company News
27 EU member states to vie for two London-based agencies
The EU have officially launched the competition between 27 member states to decide which will host the London based European Medicines Agency and the European Banking Authority.
Avingtrans gets extension on possible Hayward Tyler bid
Hayward Tyler updated the market on its discussions with Avingtrans on Friday, regarding the possible offer by Avingtrans for the company as announced on 31 March.
BMR raises £0.35m as Kabwe plant construction progresses
BMR Group announced on Friday that Peterhouse Corporate Finance had raised £0. 35m - before expenses - by way of a placing of 9,333,333 new ordinary shares of 1p each in the capital of the company, at 3. 75p per share.
Plus500 continues share buyback scheme apace
Online trading service provider Plus500 continued its share buyback programme as announced on 2 June this week, confirming the acquisition of 17,500 ordinary shares of ILS 0. 01 each in the capital of the company on 22 June at a price of 553. 30p per share.
SolGold Toronto listing application gets conditional approval
SolGold advised the market on Friday that the listing committee of the Toronto Stock Exchange (TSX) had conditionally approved the company's application to list SolGold on the TSX.
Vipera partners with Mambu for mobile banking solution
Mobile financial services and digital customer engagement solutions provider Vipera announced a partnership with Mambu on Friday, which it described as “a leading software-as-a-service (SaaS) alternative” to traditional core systems powering banking and lending.
Flowtech Fluidpower pays nearly £2m for Hi-Power group
Specialist technical fluid power products supplier Flowtech Fluidpower announced the acquisition of Hi-Power, as well as the business and certain assets of Hi-Power Hydraulics on Friday.
Blur Group warns shareholders as it seeks urgent funding
Online B2B marketplace provider Blur Group updated the market on Friday, confirming that its rate of cash burn had stayed “broadly constant” with the $0. 9m-$1m seen in the final two quarters of 2016.
Glencore sweetens offer for Rio's thermal coal assets
Glencore has bumped up its offer for Rio Tinto's interest in Coal & Allied Industries (C&A) to $2. 68bn in cash plus a coal price-linked royalty, from a previous offer of $2. 55bn.
Ncondezi Energy raises $0.6m from existing lenders and management
Ncondezi Energy announced on Friday that it raised an additional $582,000 from existing lenders and senior management, to be used to fund its new partner search and to provide working capital for the group.
Red Rock Resources agrees to fund Steelmin
Natural resource development company Red Rock Resources announced on Friday that it entered into financing agreements under which it would fund Steelmin to complete the refurbishment and recommissioning of a ferrosilicon smelter in Jajce, Bosnia, and acquire an interest in Steelmin.
Fridge fire started Grenfell blaze as police confirm cladding failed safety tests
The Grenfell Tower blaze which has left at least 79 people dead was the result of a fridge fire, Metropolitan Police confirmed on Friday.
European Wealth Group posts sharp increase in FuM, to raise cash
European Wealth Group reported a large increase in funds under management last year thanks to organic growth, even as it announced a capital raise.
Reach4entertainment's David Stoller to retire as executive chairman
AIM-listed media and entertainment marketing company Reach4entertainment Enterprises has announced the retirement of David Stoller as executive chairman with effect from 30 September.
Rio Tinto completes bond tender, redemption exercise
Rio Tinto said it had completed its bond tender and redemption exercises and had cut gross debt by a further $2. 5bn (£1. 97bn).
Friday broker round-up
Bae Systems: JPMorgan downgrades to Neutral with a target price of 685p.
SRT Marine receives new UN contract
SRT Marine Systems advised the market on Friday that it received a contract from the United Nations Food and Agriculture Organisation (FAO) to supply a package of specialist AIS Class B transceivers and communication devices, satellite AIS data and a vessel tracking display system.
Animalcare to gobble up Ecuphar
Generic veterinary medicines and identification products and services supplier Animalcare Group announced on Friday that it had entered into a conditional share purchase agreement to acquire the entire issued share capital of Ecuphar.
Trinity Exploration progresses production growth strategy
Independent Trinidad and Tobago-focussed exploration and production company Trinity Exploration was holding its annual general meeting in Edinburgh on Friday morning, with executive chairman Bruce Dingwall updating shareholders on the firm’s recent operations.
Randall & Quilter agrees sale of R&Q Managing Agency
AIM-listed Randall & Quilter has agreed to sell Lloyd's managing agency, R&Q Managing Agency, to Boston-based medical professional liability insurance provider Coverys.