Company news

Arab Insurance Group schedules AGM

Arab Insurance Group will hold its annual general meeting at at Arig House, Building no. 131, Road no. 1702, Diplomatic Area 317, Manama, Bahrain, on 23 March at 11.30 a.m. Story provided by StockMarketWire.com

Frontier to bring 'Elite: Dangerous' to Xbox One

Frontier Developments will bring its ‘Elite: Dangerous’ game to Xbox One later this calendar year. Chief executive David Braben said: “It has always been part of our plan to increase the customer base by making Elite: Dangerous available on multiple platforms using Frontier’s Cobra technology, in addition to continuing to further enhance the PC experience. […]

Flybe to open new base at Cardiff Airport

Flybe, Europe’s largest regional airline, is to open a new base at Cardiff Airport creating 50 jobs. The airline will serve 11 destinations in the UK and Europe this summer and base two of its existing Embraer E195 aircraft at the Airport. One of these 118-seat aircraft will arrive at Cardiff in June and the […]

ICG launches 5% sterling bond

Intermediate Capital Group – a leading fund manager and specialist lender- has launched an offer of 5% sterling bonds due 2023. The bonds will pay a fixed rate of interest of 5% per annum. Interest will be payable twice yearly on 24 March and 24 September in each year, with the first coupon payment being […]

APR Energy extends power generation in Argentina

APR Energy has agreed to extend 75MW of power generation projects in Argentina. Two of the projects, representing 50MW, have extended through to late 2016, while a third, representing 25MW will continue through to late 2017. APR Energy has operated in Argentina, one of South America’s largest markets for distributed power, since 2008. APR Energy’s […]

Botswana Diamonds update on exploration

Botswana Diamonds has issued an update on the exploration activities of its joint ventures with Alrosa, the world’s biggest diamond company, in the Orapa area of Botswana. Botswana Diamonds says a team of seven Alrosa geologists, mineralogists and geophysicists have arrived on site to join the Botswana Diamonds team and conduct follow-up exploration on blocks […]

Mining Sector: Fresnillo down as pre-tax profits tumble

Fresnillo’s (LON:FRES) shares fell after its pre-tax profits plunged by 40% to $251.1m in the year to the end of December. Fresnillo reported adjusted revenue of US$1,545.0m in 2014, down 12.3% from 2013, and EBITDA of US$567.3 million, 22.3% lower than in the previous year. Profit attributable to equity shareholders, excluding Silverstream effects, was US$54.5 […]

Mining Sector: Fresnillo down as pre-tax profits tumble

Fresnillo’s (LON:FRES) shares fell after its pre-tax profits plunged by 40% to $251.1m in the year to the end of December. Fresnillo reported adjusted revenue of US$1,545.0m in 2014, down 12.3% from 2013, and EBITDA of US$567.3 million, 22.3% lower than in the previous year. Profit attributable to equity shareholders, excluding Silverstream effects, was US$54.5 […]

Graphene NanoChem's PlatsurF deployed

Graphene NanoChem has announced the commercial deployment of its oilfield recovery additive (PlatsurF) as the group continues to execute its go-to-market channel via its joint venture partner, Scomi Oiltools. Highlights: · Order from Scomi Oiltools for an international oil company end customer serviced by Scomi Oiltools for an approximate 50-well drilling programme in Thailand · […]

CBI welcomes clearing houses ruling

Britain’s bosses have welcomed a EU general court ruling annulling the European Central Bank’s policy that clearing houses must be based in the single currency area. Confederation of British Industry director-general John Cridland said: “This is a landmark judgement upholding the EU’s single market, setting the boundaries of what the ECB can do to support […]

Fitch rates Coface Re SA IFS 'A+'

Fitch Ratings has assigned Coface Re SA an insurer financial strength rating of ‘A+’. The outlook is stable. The company, domiciled in Switzerland, is 100% owned by Coface SA (issuer default rating: A/stable), the group’s top holding company. As a group, Coface is the third-largest credit insurer globally with an estimated 16% credit insurance market […]

Cairn India cuts capex due to low oil prices

Cairn India is reducing its capital expenditure for the FY16 from $1.2bn to $500m and deferring the rest due to current low oil prices. The company says that with close to $1.1bn of capex invested in FY15, it will be undertaking projects that are economically viable at current prices and adds that management focus is […]

Public Service Properties completes disposal

Public Service Properties Investments, the specialist European real estate investment and financing company, has completed the disposal of its UK companies, businesses and assets. At 1:30pm: (LON:PSPI) Public Service Properties Investments Ltd share price was 0p at 24p Story provided by StockMarketWire.com

Greencoat UK Wind schedules AGM

Greencoat UK Wind will hold its annual general meeting at the offices of Norton Rose Fulbright LLP, 3 More London Riverside, London, SE1 2AQ, on 28 April at 2.30 p.m. At 1:02pm: (LON:UKW) Greencoat UK Wind Plc share price was +0.13p at 105.63p Story provided by StockMarketWire.com

AZN to participate in FDA meeting

AstraZeneca has announced that it will participate in the US Food and Drug Administration (FDA) Endocrinologic and Metabolic Drugs Advisory Committee meeting on 14 April 2015 to discuss the results of the Saxagliptin Assessment of Vascular Outcomes Recorded in Patients with Diabetes Mellitus (SAVOR) trial for ONGLYZA® (saxagliptin) and Kombiglyze® XR (saxagliptin and metformin HCI […]

Anglo American share awards

Anglo American has announced that it has awarded the following shares in the capital of the Company under the its Long Term Incentive Plan (“LTIP”). Name of Director – Number of Shares: Mr P Castellari – 100,000 Mr M Cutifani – 362,275 Mr S French – 135,000 Mr R Médori – 198,072 Mr P Mellier […]

GVC Holdings sets results date

GVC Holdings has announced that it will publish its preliminary results, for the year ended 31 December 2014, on Monday 23 March 2015. At 11:19am: (LON:GVC) GVC Holdings Plc share price was -3.5p at 471.5p Story provided by StockMarketWire.com

Global Fixed Income Realisation reports final NAV

As at the close of business on 30th January 2015, the final Net Asset Value per share of Global Fixed Income Realisation was GBP 0.5141. At 11:17am: (LON:GFIR) Global Fixed Inc Real Ltd share price was 0p at 20.5p Story provided by StockMarketWire.com

SOCO sets results date

SOCO International has announced that it will publish its preliminary results, for the year ended 31 December 2014, on Thursday 12 March 2015. The Company will also host a presentation of the results to analysts. At 11:03am: (LON:SIA) SOCO International PLC share price was -2.4p at 270p Story provided by StockMarketWire.com

eServGlobal rolls out projects with Zain Group

ServGlobal, the provider of mobile financial services to emerging markets, has announced the live operation of its solutions at three Zain Group sites. eServGlobal solutions are now live at Zain Jordan, Zain Saudi Arabia and Zain Kuwait. These launches follow the 2013 announcement of a three-year framework agreement with the Zain Group to provide an […]

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