Company news

Conviviality update on Matthew Clark talks

Conviviality Retail says talks with the current owners of Matthew Clark, Hertford Cellars and Punch Taverns (Finco), are progressing well. Conviviality says it will provide a further update to shareholders shortly. Story provided by

Follica gets US patent notification

Follica – a PureTech operating company – has received a notice of allowance from the US Patent & Trademark Office for a patent related to its principal technology platform to treat hair loss. PureTech chief executive Daphne Zohar said: “We are pleased to note the forthcoming issuance of this patent, providing additional intellectual property protection […]

Mining Sector: Beowulf jumps on optimistic outlook over Kallak North concession

Beowulf Mining’s (LON:BEM) shares jumped after it said it remains optimistic about a positive decision on its application for an exploitation concession for Kallak North. Sweden’s Department of Enterprise and Innovation has invited the company to give its views on the findings made by the County Administrative Board for the County of Norrbotten on Kallak […]

Nord Stream II pipeline agreement signed

Gazprom, BASF, E.ON, ENGIE, OMV and Shell have signed a shareholders’ agreement to construct the Nord Stream II gas pipeline for boosting gas supplies to the European Union. Alexey Miller, chairman of the Gazprom, Kurt Bock, chairman of the BASF, Klaus Schaefer, member of the management moard of E.ON, Pierre Chareyre, executive vice-president of ENGIE, […]

Gazprom and Wintershall ink agreement

Gazprom and Wintershall have signed an agreement on closing an asset swap deal. Gazprom chairman Alexey Miller and BASF chairman Kurt Bock signed an agreement as part of the Eastern Economic Forum in Vladivostok. As a result of the deal, Gazprom will increase its share in European gas trading and storage companies WINGAS, WIEH and […]

Gazprom and OMV sign asset swap agreement

Gazprom and OMV have signed an agreement on the terms and conditions of a possible asset swap. The agreement was signed by Gazprom chairman Alexey Miller and OMV chairman Rainer Seele as part of the astern Economic Forum in Vladivostok. Subject to the swap deal, OMV will acquire a 24.98% stake in the project for […]

Cambria reaches $4.752m settlement with Lonrho

Cambria Africa has reached a full and final settlement of all claims and counterclaims with Lonrho and will receive $4,752,000. After outstanding litigation and other associated costs, the net proceeds are estimated to be US$3,5 million and will be applied to Cambria, and its subsidiaries, working capital requirements and debt commitments. Story provided by

CMA clears Harman-Bang & Olufsen deal

The Competition and Markets Authority has cleared the completed acquisition by Harman International Industries of the Bang & Olufsen A/S Automotive Audio assets. The CMA has decided, on the information currently available, not to refer the transaction to a phase 2 investigation under the provisions of the Enterprise Act 2002. The text of this decision […]

TEP wins arbitration ruling

An arbitration tribunal has found in favour of Trading Emissions and dismissed a claim by a subsidiary of Yunnan Dianneng (Group) Holding Co. Ltd. The original claim was for approximately €7 million but was subsequently revised by Dianneng to €9 million towards the end of the arbitration process. The tribunal also awarded TEP reimbursement of […]

Christie + Co brokers £100m-plus care home deal

Christie + Co has brokered a deal between LNT Group and Anchor for the purchase of 24 residential care homes in a deal worth over £100m. Christie + Co has long-standing strong relationships with both Anchor and LNT Group and was able to leverage that knowledge to identify the opportunity to create a deal. Anchor […]

Fitch upgrades China Orient AM to 'A'

Fitch Ratings has upgraded China Orient Asset Management Corporation’s (long-term foreign and local currency issuer default ratings to ‘A’ from ‘A-‘. The outlook is stable. Story provided by

Summit employees granted 120,000 options

Summit Therapeutics has granted options over 120,000 ordinary shares to employees under the existing company share option plan. The options have an exercise price of 149 pence per share, the mid-market closing price on 3 September. All the options will vest fully on 4 September 2018 subject to the average closing ordinary share price being […]

Just Energy to present at NY conference

Just Energy Group will participate in the Rodman & Renshaw 17th Annual Global Investment Conference at the St. Regis Hotel in New York, on 10 September. Co-chief executive Deborah Merril and chief financial officer Patrick McCullough are scheduled to present an overview of the company and its strategies at 10:00 a.m. EST. A copy of […]

RusHydro cooperation agreement with VTB

RusHydro has signed a cooperation agreement with VTB Bank PJSC. The agreement was signed at the Eastern Economic Forum by RusHydro chairman and general director Evgeny Dod VTB Bank president and chairman Andrey Kostin. The scope of agreement includes, inter alia, cooperation between the company and the bank in refinancing of the debt portfolio of […]

Europa notes Wressle update

Europa Oil & Gas (Holdings) has noted Egdon’s update on the extended well test operations on the Penistone Flags oil zone and the Ashover Grit intervals at the Wressle-1 oil and gas well. Europa has a 33.3% working interest. At 9:44am: (LON:EOG) Europa Oil Gas Holdings PLC share price was -0.25p at 4.88p Story provided […]

Islandmagee project on schedule, says InfraStrata

The programme of works on the Islandmagee gas storage project in Northern Ireland is on schedule for completion during November, according to InfraStrata. The £3.8m programme of work commenced with the drilling of the Islandmagee-1 well and has been designed to confirm the feasibility of the development of an underground gas storage facility in salt […]

KK Group claims against former shareholders extended

Kazakhstan Kagazy Group has been granted permission to amend its London High Court claims against former shareholders, Maksat Arip and Baglan Zhunus. The KK Group’s claims have been extended to include further alleged misappropriation of funds, together with interest and penalties paid on defaulted loans. The total amount claimed by KK Group in the Proceedings […]

Chagala update on share consolidation

Chagala Group’s share consolidation – which was approved by shareholders at the annual general meeting on 12 June – will become effective on Monday 14 September. The share consolidation will replace every four existing ordinary shares of US$0.10 each with 1 new ordinary share of US$0.40. In conjunction with the share consolidation, the global depositary […]

Ilika schedules AGM

Ilika will hold its annual general meeting at the offices of Eversheds LLP, One Wood Street, London EC2V 7WS, on 30 September at 2 p.m. At 9:13am: (LON:IKA) Ilika share price was 0p at 71.5p Story provided by

Heineken successfully prices €500m of notes

Heineken NV has successfully placed six-year notes for a principal amount of €500m with a coupon of 1.25%. The notes will be issued under the company’s euro medium term note programme and will be listed on the Luxembourg Stock Exchange. The proceeds will be used for general corporate purposes. Barclays, Credit Suisse, Deutsche Bank and […]

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