Company News
Allied Minds reports good progress across group
Allied Minds reported good progress had been made across the group in the first half due to a strengthened team capitalising better on its unique position in sourcing new investments, even though the value of its portfolio was unchanged.
Morgan Stanley reaffirms overweight rating for Direct Line
Morgan Stanley upgraded Direct Line Group's target price from 423. 00p to 451. 00p in a research report on the insurer on Thursday.
Friday preview: Significant profit progress expected from Computacenter
Friday is down to be the quietest day of August so far, with no top-tier macroeconomic data and only one FTSE 350 company due to report.
Former Netflix executive proposes $9.95 per month subscription for daily cinema access
A new startup helmed by Netflix co-founder Mitch Lowe has proposed an interesting method designed to get more people patronising movie theatres.
Herencia Resources finishes review of core copper mineral prospects
Herencia Resources said a new comprehensive geological review of the company's core copper mineral prospects pointed to greater potential for those assets.
BHP approves £2.5bn copper expansion project
BHP Billiton has approved a $2. 546n investment to extend the Spence copper mine life in Chile by at least 50 years.
Price cutting puts Asda in the green
Asda said that like-for-like sales, excluding petrol, had increased 1. 8% in its second quarter, a welcome change from the declines it had experienced over the last eleven quarters.
Greatland strikes gold at Western Australia project
Mineral exploration group Greatland Gold announced on Thursday that regional targeting across its Paterson project area in Western Australia had highlighted the potential of a new iron oxide copper gold ore (IOCG) district.
Hikma Pharma trims guidance as generic Advair talks continue with FDA
Hikma Pharmaceuticals reported a 1% rise in first-half sales and flat profits, but trimmed its guidance for the full year as the generic drugs arm faces tougher market conditions and continues discussions with US regulators over a key generic asthma drug.
Armadale sees greater potential for Mahenge Liandu after first round of drilling
The results of the first round of drilling at its Mahenge Liandu licence in Tanzania led Armadale Capital to believe there were more and better resources in place than initially thought.
Kingfisher's quarterly sales hammered lower but costs nailed
Sales at retailer Kingfisher took a bit of a hammering in the second quarter and the owner of the B&Q and Screwfix chains remained cautious over the outlook for the UK and France in the second half.
Rank rakes in better profits in second half after digital boost
Casino and bingo hall operator Rank reported final results boosted by a significantly improved second half thanks to a strong improvement in digital, with optimism lifted further by the launch of the new Luda bingo format.
Victoria Oil & Gas sees new well as 'substantial' gas producer
Victoria Oil & Gas boasted on Thursday that its La-107 well in Cameroon was expected to become a "substantial producer" of gas after drilling reached target depth and the well as cased.
Chinese foreign investment controls dent IP Group fundraising
IP Group said a proposed capital raising in China had been hit by new regulatory controls in the People's Republic.
Vectura awaits more details from FDA over Advair
Drug delivery specialist Vectura has noted comments on Thursday morning by Hikma, its partner on the development of a generic version of the Advair Diskus asthma treatment.
Marshalls stacks up cash as it improves profits at home and abroad
Marshalls Group, the maker of paving slabs, street furniture and floor tiles, posted a solid set of interim results on Thursday, reporting increased revenue thanks to a 17% year-on-year increase in domestic sales.
US FDIC files High Court LIBOR suit against several High Street lenders
A federal US government agency has brought a case against several of the world's largest banks, including the biggest UK lenders, alleging that their manipulation of the London Interbank Offered Rate resulted in losses for US lenders.
Kaz Minerals's revenues boosted as growth projects come on-line
Kaz Minerals saw revenues more than double in the first half of the year as its two main mines at Aktogay and Bozshakol came onstream amid higher commodity prices.
Australian Special Opportunity Fund converts loan notes into shares of Herencia
AIM-listed Herencia Resources reported on Thursday that the Australian Special Opportunity Fund, LP, managed by The Lind Partners had exercised its right to convert convertible loan notes into shares.