Company News
Iraqi troops move to retake Kirkuk from Kurdish control
Iraq has taken control of key areas of the disputed city of Kirkuk, seizing the international airport, a key oil field and a military base in what is an oil-rich area bordering the Kurdistan Region.
TOC Property seeks to diversify its real estate loans portfolio
TOC Property Backed Lending Trust, announced its intention to raise up to £1m on Monday, in order to continue growing its portfolio of real estate loans.
Low and Bonar goes down after disappointing second half performance
UK-based performance material company Low and Bonar said on Monday that increased prices for raw materials and more challenging market conditions in its civil engineering business led the firm to an unexpected loss.
Tuesday preview: UK inflation could top 3pc; results from Pearson, Merlin, Asos
UK and eurozone inflation will be the big focus of the day, while the new reporting season kicks in with Asos, Bellway, London Stocks Exchange, Merlin Entertainment, Pearson and Virgin Money.
Springfield raises £25m for housing development projects in Scotland
Scottish housebuilder Springfield Properties raised £25m before costs and expenses as it floated on London's AIM.
AEW Long Lease REIT completes acquisition of Lambeth-based property for £4.4m
Real estate investment trust AEW Long Lease REIT reported on Monday it had completed the acquisition of a property in the London Borough of Lambeth for £4. 4m, reflecting a net initial yield of 5. 1%.
Starvest announces Cora Gold as new investee company
AIM-quoted investment company Starvest said it had participated in the recent IPO of Cora Gold, placing both companies in the best position to benefit from increasing interest in precious metals amid an upturn in the gold sector.
Telit confirms talks to offload automotive division
AIM-quoted machine-to-machine (M2M) communications provider Telit Communications confirmed it was in "very early stage" talks to sell its automotive division.
Stellar Diamonds agrees sale price for Guinea assets
West Africa-focussed diamond development company Stellar Diamonds announced on Monday that it has signed conditional share purchase agreements with Gold Knight - a wholly-owned subsidiary company of BDG Capital - in relation to the proposed sale of Stellar's assets in the Republic of Guinea, as it had previously announced on 5 June and 14 August.
Genedrive signs distribution agreement with Sysmex
Near-patient molecular diagnostics company Genedrive announced on Monday that it has signed a distribution agreement with Sysmex Europe, a subsidiary of Sysmex Corporation, for the Genedrive HCV ID Kit and Genedrive platform in the Europe-Middle East-Africa region, with an initial focus on Africa.
Blue Star's SatoshiPay opens IOTA demo to public
New technologies-focussed investment company Blue Star Capital announced on Monday that, further to its update on 29 September regarding SatoshiPay's proof-of-concept project with the IOTA Foundation, SatoshiPay has now released the proof-of-concept demo site to the public.
Spectra Systems flags bumper royalties in current year
Banknote authentication and brand protection technology provider Spectra Systems Corporation announced on Monday that it has been informed by its covert authentication technology licensee that royalties based on finished printed notes will reach a record level in 2017.
InterContinental Hotels to make $74m from Avendra sale
InterContinental Hotels said on Monday that the owners of Avendra, a North American hospitality procurement services provider in which it has a 6. 3% minority interest, have reached a binding agreement to sell the company to Aramark for $1. 35bn.
Blenheim Natural Resources identifies 15 lithium targets in southern Mali
Blenheim Natural Resources announced on Monday that it had identified multiple targets for lithium pegmatite at its prospective permits in southern Mali.
Orosur Mining reports first drilling in Colombia alongside first quarter numbers
Orosur Mining reported on Monday it had met its internal guidance for production and cash operating costs for a 20th consecutive quarter and announced the start of drilling in Colombia.
Physiomics losses widen as major contract awaited
Biology services group Physiomics saw its annual losses widen throughout the year ended 30 June as second-half revenue came in below expectations.
Avesoro enters agreement to purchase new heavy mining equipment
West African gold producer Avesoro Resources announced on Monday that its wholly-owned subsidiary Bea Mountain Mining Corporation has entered into equipment finance facility agreements with Mapa İnşaat ve Ticaret - a related party of the company - to facilitate the purchase of heavy mining equipment totaling $6. 1m.
Palace Capital secures lease renewal on Farnborough Job Centre
Commercial property investment company Palace Capital announced on Monday that it has renewed the lease on Princeton House, on Victoria Road in Farnborough, Hampshire.
Unite calls for talks over Vauxhall job cuts
The Unite union has called on the government and Vauxhall’s parent company PSA to guarantee future investment at the car maker’s Ellesmere Port plant following the announcement over the weekend that it is making 400 people redundant due to declining sales.
ProPhotonix launches two new laser diodes
LED illumination system and laser diode module designer and manufacturer ProPhotonix announced the addition of two new infrared laser diodes to its product range on Monday.