Company news

Fitch affirms Kompetenz at 'B'

Fitch Ratings has affirmed Kazakhstan-based Kompetenz Joint Stock Company’s insurer financial strength rating at ‘B’ and national IFS rating at ‘BB (kaz)’. The outlooks are stable Story provided by

Elektron product launch

Elektron Technology has launched its 4000 series range of Bulgin Buccaneer connectors and been granted a patent for the 6000 series locking mechanism. The group has also launched a new Bulgin website ( Elektron says that building on the success of the Buccaneer 6000 and 7000 Series of ‘quickconnect’ connectors launched in 2012 and 2013, […]

Hikma agrees sale of Ben Venue manufacturing

Hikma Pharmaceuticals has agreed the sale of manufacturing facilities previously owned by Ben Venue Laboratories based in Bedford, Ohio, to Xellia Pharmaceuticals. Hikma acquired the Ben Venue assets in 2014 from Boehringer Ingelheim, following its agreement to purchase the assets of Bedford Laboratories. Under the terms of the agreement announced today, Xellia has acquired substantial […]

Alpha Bank completes €2.56bn share capital increase

Alpha Bank has announced the completion of a €2.563bn share capital increase through a private placement (€1,552.2m) and the voluntary exchange of existing securities by their holders that participated in the liability management exercise (€1,010.8m). Story provided by

Boussard & Gavaudan NAV update

Boussard & Gavaudan says the estimated net asset value of its sterling shares was £17.9232 at the close of business on 24 November. The estimated NAV of its euro shares was €20.4377. At 8:26am: (LON:BGHS) Boussard Gavaudan Holding share price was 0p at 1335p Story provided by

GW to present at Piper Jaffray conference

GW Pharmaceuticals chief executive Justin Gover will present at the Piper Jaffray 27th Annual Healthcare Conference at the Lotte New York Palace Hotel in New York City on 2 December at 11:30 a.m. EST. A live audio webcast of the presentation will be available through GW’s corporate website in the investor relations section from the […]

BG starts commercial ops from QCLNG T2

BG Group has begun commercial operations from the second train at its Queensland Curtis LNG plant. QGC, BG Group’s Australian subsidiary, has also assumed control of Train 2 from Bechtel Australia, which built the facility. BG Group now has full control of both LNG trains and associated facilities at QCLNG. By mid-2016 the integrated project […]

IMImobile launches service with Airtel

IMImobile has partnered with Bharti Airtel Africa to deliver its mobile billing solution Tap2Bill for merchants and content providers across Africa. Airtel is a leading telecommunications service provider, with operations in 17 countries across Africa. The new Airtel Tap2Bill service will enable content providers and merchants to utilise Airtel’s billing infrastructure to charge and bill […]

Armadale reports positive sampling results from Mpokoto

Armadale Capital reports positive results from the extensive soil sampling programme at the Mpokoto gold project in the Democratic Republic of the Congo. Armadale said the programme undertaken over the last three months had identified a number of new gold anomalies indicating possible strike extensions to the known gold mineralisation Overview: – Ongoing exploration programme […]

FastForward notes LOI signed by Vemo

FastForward Innovations has noted that investee company Vemo has signed a letter of intent with Purdue Research Foundation, under which Purdue University will become one of the first universities in the US to study the potential benefits of income share agreements as an option to help students pay for higher education. The Purdue Research Foundation […]

Hardman research report on Empresaria

Hardman & Co has issued a research report on Empresaria Group. It says: “Delivering as promised. Empresaria has enjoyed a substantial rerating as the group has delivered against expectations and as profit forecasts have been upgraded. Yet the company continues to be valued at a significant discount to its mid-cap peers. We expect the discount […]

Cobham completes divestment of composites businesses

Cobham has completed the divestment of its composites businesses to Meggitt PLC for US$200m in cash. Story provided by

AMPH funding for biomass boiler portfolio

Aggregated Micro Power Holdings has secured a second round of funding for the financing of its biomass boiler portfolio through Aggregated Micro Power Infrastructure Limited. In July AMPIL completed a successful capital raise of £4.8 million bringing the total to £6.7 million from established institutions. AMPIL has now raised a further £5.7 million, taking the […]

INDV's FDA fail

Indivior’s new drug application for naloxone nasal spray has failed to get approval from the US Food and Drug Administratiomn. Indivior said a complete response letter received by its subsidiary, Indivior Inc, principally focused on clinical pharmacology that found the early stage uptake of naloxone nasal spray did not fully meet the FDA’s threshold as […]

Origin completes acquisition of Kazgod

Origin Enterprises has completed the acquisition of Polish-based Kazgod Group following the satisfaction of all conditions. At 4:22pm: (LON:OGN) Origin Enterprises PLC share price was -0.1p at 7.38p Story provided by

Mining Sector: Patagonia Gold falls after cutting Lomada output guidance

Patagonia Gold’s (LON:PGD) shares were down in late trading after it provided an update on the current production at its Lomada de Leiva mine. Summary: · Lomada Mine 2015 annual production revised to 21,542 · Cash cost per ounce significantly increased during Q2 and Q3 · Q4 of 2015 and Q1 of 2016 forecast significant […]

Matchtech schedules AGM

Matchtech Group will hold its annual general meeting at The Solent Hotel, Rookery Avenue, Whiteley, Fareham, Hampshire, PO15 7AJ, on 2 December at noon. At 3:39pm: (LON:MTEC) Matchtech Group PLC share price was +0.25p at 525.25p Story provided by

JPMorgan European IT declares dividend

JPMorgan European Investment Trust’s board has declared a third interim dividend of 1.10p per Income share for the year to 31 March. The dividend will be paid on 15 January to shareholders on the register at the close of business on 11 December 2015. The ex-dividend date will be 10 December. At 3:38pm: (LON:JETG) JPMorgan […]

Epistem schedules AGM

Epistem Holdings will hold its annual general meeting at 41 Lothbury, London, EC2R 7HG, on 16 December at 11 a.m. At 3:35pm: (LON:EHP) Epistem Holdings PLC share price was -5p at 125p Story provided by

Outsourcery changes auditor

Outsourcery has appointed BDO LLP as independent auditor, replacing Grant Thornton UK LLP, following a formal tender process. Grant Thornton has been the group’s independent auditor since inception in 2011. The board thanked Grant Thornton for its years of service to the group. At 2:48pm: (LON:OUT) Outsourcery PLC share price was 0p at 15.25p Story […]

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