Company news

Fitch affirms Lesotho at 'B+'

Fitch Ratings has affirmed Lesotho’s long-term foreign and local currency issuer default ratings at ‘B+’. The outlooks on the long-term IDRs are stable. The short-term foreign and local currency IDRs are affirmed at ‘B’. The country ceiling has been downgraded to ‘BB+’ from ‘BBB’. Story provided by

Emerging Market Minerals secures £250,000 loan

Emerging Market Minerals has entered into a further working capital loan facility with Matryoshka Ltd, for up to £250,000. This is is in addition to the loan facility of £100,000 provided by Matryoshka to the company on 30 March 2016, which has been fully drawn down. Matryoshka is a company wholly beneficially owned by Emerging […]

Sekisovskoye on time and budget, says GoldBridges

GoldBridges Global Resources says development of the Sekisovskoye underground gold mine is proceeding as planned with all key milestones being achieved on time and within budget, It says production levels are moving towards the medium term target of 100,000 Oz of gold per annum from a production throughput of 1 million tons of ore per […]

Edita halts output at Beni Suef

Edita has halted output at the Beni Suef factory due to a lack of sugar supplies. The company said that in the course of the governmental inspection committees in connection with the sugar inventory in Egypt, an inspection committee has ceased the sugar stock of the Edita Confectionary Products Beni Suef factory, at the factory […]

Fitch revises Italy's outlook to negative

Fitch Ratings has revised Italy’s outlooks to negative from stable, while affirming the long-term foreign and local currency issuer default ratings at ‘BBB+’. The issue ratings on Italy’s senior unsecured foreign and local currency bonds are also affirmed at ‘BBB+’. The country ceiling is affirmed at ‘AA+’ and the short-term foreign and local currency IDRs […]

Boussard & Gavaudan NAV update

Boussard & Gavaudan says the estimated net asset value of its sterling shares was £19.1489 at the close of business on 21 October. The estimated NAV of its euro shares was €21.8407. At 8:35am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1575p Story provided by

Draper Esprit appoints CFO and sells Qosmos

Draper Esprit, a leading venture capital firm involved in the creation, funding and development of high-growth digital technology businesses, has announced the appointment of a new chief financial officer and the sale of portfolio company Qosmos to ENEA. The company has appointed Benjamin Wilkinson as CFO. Wilkinson is a senior finance executive and chartered accountant […]

VS appointed by Shelford Group, says Legendary

Legendary investee company Virtualstock Holdings has been appointed by the Shelford Group, to deploy The Edge to engage with NHS trusts’ suppliers. The Shelford Group, which comprises 10 leading NHS multi-speciality academic healthcare organisations, employs over 100,000 people and has a turnover of over £10 billion, making up over 13% of acute trusts’ turnover across […]

COPL responds to articles over Liberia asset

Canadian Overseas Petroleum Limited says it is aware of recent news articles that discuss the Liberia asset. At this time, COPL remains fully current in its public disclosure. COPL, an international oil and gas exploration and development company focused on offshore West Africa, said it had has filed this notice at the request of the […]

Beowulf welcomes move over Kallak North

Beowulf Mining is pleased Sweden’s Mining Inspectorate has progressed matters over the company’s application for Kallak North. Beowulf says it understands that the Mining Inspectorate, in conducting a further review of the Kallak North application as directed by the government of Sweden, and in the light of the Supreme Administrative Court judgement in February in […]

Faron partner recruits first ARDS patient for trial

Faron Pharmaceuticals’ Japanese licensing partner Maruishi Pharmaceutical Co has recruited the first patient in the Japanese phase III pivotal clinical trial for the treatment of acute respiratory distress syndrome with FP-1201-lyo (also known as Traumakine). Faron has also recently received the second IDMC (Independent Data Monitoring Committee) recommendation to continue the INTEREST pan-European phase III […]

CLS sells Chancel House and Chorus, Antibes

CLS Holdings has sold Chancel House, Neasden Lane, London NW10 and Chorus in Antibes, France. Chancel House has been sold to the Department of Communities and Local Government on behalf of the Education Funding Agency for £18.7 million, 39% above its valuation at 31 December 2015. Chancel House comprises 74,700 sq ft (7,081 sqm) of […]

Veryan completes enrolment for study, says Innovations

Imperial Innovations portfolio company Veryan Medical has completed enrolment into the MIMICS-2 clinical study of its BioMimics 3D Self-Expanding Stent System (BioMimics 3D). The MIMICS-2 study is a prospective, multicentre, interventional study designed to evaluate the safety and effectiveness of Veryan’s patented three dimensional helical stent in the treatment of patients with symptomatic femoropopliteal disease. […]

Global Invacom's US unit rebrands

Global Invacom’s US subsidiary, Raven Antenna Systems, previously trading as Skyware Global, has been rebranded as Global Skyware. The rebranding, including a new trading name, logo and slogan, will bring the business in line with Global Invacom’s wider brand, providing consistency across all areas of the group. Global Skyware is a leading designer and supplier […]

GSK files BLA for shingles candidate vaccine

GlaxoSmithKline has submitted a biologics licence application for its candidate shingles vaccine, Shingrix, to the United States Food and Drug Administration, seeking approval for the prevention of herpes zoster (shingles) in people aged 50 years or over. The candidate vaccine is a non-live, recombinant vaccine to help prevent shingles and its complications. The phase III […]

Crossrider acquires DriverAgent

Crossrider has expanded its app distribution business with the acquisition of PC maintenance software product, DriverAgent, from for a total consideration of $1 million. The bolt-on acquisition is in line with Crossrider’s new strategy, announced at the time of the interim results on 20 September to strengthen the Group’s B2C reach allowing it to […]

GHG launches a new ambulatory cluster in Zugdidi

Georgia Healthcare Group has launched a new ambulatory cluster in Zugdidi, the largest city in Samegrelo region, West Georgia. The ambulatory cluster covers a population of c.100,000. Like the other ambulatory clusters, it caters to all age groups and provides a wide range of outpatient services, including general practitioner and specialist physician consultations, imaging and […]

CDG gets Curious Brewery planning consent

Ashford Borough Council have granted Chapel Down planning consent for the development of the Curious Brewery on a 1.6 acre site in Ashford town centre. Chief executive Frazer Thompson said: “We are delighted that we now have planning consent for the development of the Curious Brewery in Ashford. Situated next to the International station and […]

UK businesses remain resilient, says Begbies Traynor

UK businesses across nearly every sector of the economy were showing positive signs of stability following the EU Referendum, new research from independent insolvency firm Begbies Traynor reveals. According to Begbies Traynor’s Red Flag Alert research for Q3 2016, which monitors the financial health of UK companies, in the three months following the EU Referendum, […]

Mining Roundup

Mine-to-Metals specialist Jubilee Platinum (LON:JLP) has issued a quarterly performance, operational and financial update on behalf of its subsidiary, Jubilee Tailings Treatment Co, of its chrome recovery section of the Dilokong chrome mine tailings project for Q3 and a project update for the platinum processing project at Hernic Ferrochrome Pty Ltd. Highlights: DCM project – […]

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