Company news

Tejoori agrees sale of Arjan plot

Tejoori has agreed to sell one of three Arjan plots of land for $6.5 million. The Arjan plots comprise a commercial and residential property community development within Dubai Land in Dubai, United Arab Emirates. Tejoori acquired the plots in December 2012. The book value of the plots in Tejoori’s unaudited interim accounts as at 31 […]

Mining Roundup

Coal of Africa’s (LON:CZA) shares soared after it reached agreement over the deferred consideration payable by its subsidiary, MbeuYashu Proprietary, to Rio Tinto and Kwezi Mining for the acquisition of the Chapudi coal assets, part of the Greater Soutpansberg project. CoAL acquired the shares and shareholders claims held by the sellers in both Chapudi Coal […]

CoAL agrees deferred payments for Chapudi

Coal of Africa has reached agreement over the deferred consideration payable by its subsidiary, MbeuYashu Proprietary, to Rio Tinto and Kwezi Mining for the acquisition of the Chapudi coal assets, part of the Greater Soutpansberg project. CoAL acquired the shares and shareholders claims held by the sellers in both Chapudi Coal Proprietary Limited and Kwezi […]

Faron schedules AGM

Faron Pharmaceuticals will hold its annual general meeting at the premises of the BioCity building, Mauno Conference Centre, address Tykistökatu 6, 20520 Turku, Finland, on 26 May at 10 a.m. At 3:16pm: (LON:FARN) Faron Pharmaceuticals share price was 0p at 257.5p Story provided by StockMarketWire.com

Wishbone Gold to present at conference

Wishbone Gold will be presenting at the Proactive Investors Mining Capital conference on 10 May. Chairman and chief executive Richard Poulden will be presenting at the conference and is scheduled to speak between 12:30 – 13:00. The event will take place at The Brewery, 52 Chiswell Street, London EC1Y 4SD. Poulden will offer an update […]

Microgen completes sale of Fleet office

Microgen has completed the sale of the group’s freehold office in Fleet for GBP2.35 million. The group’s financial systems business will retain the proceeds of the sale which will provide additional funding for the defined strategy of add-on acquisitions in the wealth management sector. At 2:56pm: (LON:MCGN) Microgen PLC share price was 0p at 147.5p […]

Fitch affirms Adira Insurance at IFS 'AA(idn)'

Fitch Ratings Indonesia has affirmed Indonesia-based PT Asuransi Adira Dinamika’s (Adira Insurance) national insurer financial strength rating at ‘AA(idn)’. The outlook is stable. Fitch says the ‘AA’ national IFS ratings denote a very strong capacity to meet policyholder obligations relative to all other obligations or issuers in the same country, across all industries and obligation […]

Fitch affirms Tata Motors at 'BB'

Fitch Ratings has affirmed Tata Motor’s long-term foreign currency issuer default rating at ‘BB’. The outlook is stable. The rating reflects TML’s small size in relation to global auto majors and its profitable wholly owned subsidiary, Jaguar Land Rover (JLR, BB-/Positive), which accounted for 75% of TML’s consolidated revenue and 90% of EBITDA in the […]

Fitch affirms Dun & Bradstreet at 'BBB/F2'

Fitch Ratings has affirmed the long-term issuer default rating and senior unsecured ratings on The Dun & Bradstreet Corporation at ‘BBB’ and short-term IDR and commercial paper programme at ‘F2’. The rating outlook is negative. The ratings affect $1.8 billion of total funded debt. Story provided by StockMarketWire.com

Fitch rates AT&T's senior unsecured offering 'A-'

Fitch Ratings rates AT&T Inc’s senior unsecured notes ‘A-‘. The notes, under several series, are being issued under the same terms as previous AT&T notes. The additional 2019 notes are offered under the same terms as the $1.1 billion 2.3% senior unsecured notes due 2019 issued in March 2014. The additional 2021 notes are offered […]

LXB completes sale of Rushden Lakes investment

LXB Retail Properties has completed the sale of its Rushden Lakes investment to The Crown Estate. The contract for the disposal of Rushden Lakes was exchanged just over 12 months ago in April 2015 but completion was conditional on satisfaction of a number of conditions, largely relating to planning, lettings and highways. The contract is […]

Depa schedules AGM

Depa (DEPS) has confirmed that the Annual General Meeting of the Company is due to take place on Thursday 26 May. Story provided by StockMarketWire.com

Fundsmith in share issue

Fundsmith Emerging Equities Trust has confirmed that it has issued, from its block listing authority of 21 March 2016, 181,894 new Ordinary shares of 1p each at a price of 963.5 pence per share. At 12:21pm: (LON:FEET) Fundsmith Emerging Equities Trust Plc Ord 1p share price was +5.5p at 968p Story provided by StockMarketWire.com

Fidelity Japanese Values issues shares

Fidelity Japanese Values has announced that it is issuing and allotting 13,296,938 ordinary shares of 25p each following the exercise of 13,296,938 subscription shares in the period to 29 April 2016. The exercise price is 86.5p per share. At 12:11pm: (LON:FJV) Fidelity Japanese Values Plc share price was -0.87p at 86.13p Story provided by StockMarketWire.com

GWP's CEO to present at healthcare conf.

GW Pharmaceuticals (GWP) has confirmed that Justin Gover, the Company’s Chief Executive Officer, will present at the Bank of America Merrill Lynch 2016 Healthcare Conference on Tuesday, May 10, 2016, at 9:20 a.m. (PDT) at the Encore at the Wynn Las Vegas. At 12:04pm: (LON:GWP) GW Pharmaceuticals PLC share price was -3.37p at 454.13p Story […]

NB Distressed Debt Inv Fund buys back shares

NB Distressed Debt Investment Fund has announced that it repurchased 30,000 New Global Shares at a price of 63.75 pence per share, to be held in Treasury, on 3 May 2016. At 11:34am: (LON:NBDD) Nb Distressed Debt Inv Fd Ltd share price was 0p at 1.04p (LON:NBDG) Nb Distressed Debt Investment Fund Limited Red Ord […]

Numis buys back shares

Numis Corporation has announced that on 3 May 2016 it purchased 20,000 ordinary shares into Treasury at a price of GBP2.10 each. At 11:30am: (LON:NUM) Numis Corporation PLC share price was -4.5p at 215p Story provided by StockMarketWire.com

Kibo reveals positive results from Mbeya study

Kibo Mining has announced positive results from the power definitive feasibility study for the Mbeya coal to power project. Key findings from the PDFS report, which was prepared by Tractebel Engineering, include: – Primary base case recommended by the Power Pre-Feasibility Study, i.e. Circulating Fluidized Bed boiler technology, 300MW configured as 2 x 150MW units, […]

Recruitment closes in Futura's MED2002 study

Futura Medical has closed recruitment of patients into its pivotal clinical study of MED2002, the company’s novel, topical gel for the treatment of erectile dysfunction. Patient recruitment has taken place at four sites in the UK and Poland. Remaining appointments are being completed this week to give a total of around 360 patients consented into […]

Gemfields reports solid output

Gemfields reports another pleasing quarter of solid production across its emerald and ruby operations in the three months to the end of March. Output at the group’s 75%-owned Kagem Mining Limited in Zambia totalled 7.1 million carats of emerald and beryl (versus 9.9 million carats in the quarter ending 31 March 2015 with the difference […]

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