Company news

Mining Sector: Orogen confirms extension of the Mutsk gold zone

Orogen Gold (ORE) reports that assaying has confirmed the extension of the Mutsk gold zone to the north, with widths and gold values similar to those discovered in drilling about 300m further south. Mineralisation remains open along strike to the north and south from this hole as well as down dip to the west. “We […]

Mining Sector: Orsu up on new exclusivity agreement over Akdjol-Tokhtazan

Orsu Metals Corporation (LON:OSU) was up in late trading after it announced it had entered into a new conditional exclusivity agreement over the potential sale of the Akdjol and Tokhtazan gold exploration licences in Kyrgyzstan. Orsu said it had entered into an agreement with David-Invest LLP and David Way Limited following the receipt of a […]

CMA enforcement order

The Competition and Markets Authority has made an initial enforcement order under section 72 of the Enterprise Act 2002 to The Cooper Companies, Inc. and Coopervision (UK) Holdings Limited. This order is without prejudice to the CMA’s ongoing investigation into the completed acquisition by Coopervision (UK) Holdings Limited of Sauflon Pharmaceuticals Limited. The text of […]

ANGLE in breast cancer collaboration with USC Norris

ANGLE, the specialist medtech company, has signed a collaboration agreement with the University of Southern California Norris Comprehensive Cancer Center to investigate the clinical use of the Parsortix system for breast cancer. The USC Norris Comprehensive Cancer Center (USC Norris) is a world leader in cancer research and is designated by the National Cancer Institute […]

SLIPIT exchanges on £14.6m investment

Standard Life Investments Property Holdings has exchanged on the purchase of a logistics and industrial investment in Rotherham for £14.6m, reflecting a net initial yield of 7%. The investment comprises three units totalling 360,000sqft and let to Symphony Group PLC on a new 20 year lease with a tenant break in year 15. The initial […]

JPMorgan Chase bid to improve consumer financial security

JPMorgan Chase & Co has announced a two-year, $35m commitment to help individuals and families save money, build credit and improve economic opportunities in communities around the world. The grants will provide best-in-class national and regional non-profit organizations with the resources to help individuals acquire the knowledge, skills and tools needed to promote financial security […]

Eredene sells Aboyne Mauritius Ltd

Eredene Capital has received £3.01m in cash following the the sale of Aboyne Mauritius Limited to Brick Eagle Projects (Singapore) Private as part of the on-going strategy to realise assets. AML was sold by Eredene Capital’s wholly-owned subsidiary Aboyne Mauritius Holdings. Brick Eagle has acquired 100% of AMH’s interest in AML for a total consideration […]

Orsu in new exclusivity agreement over Akdjol-Tokhtazan

Orsu Metals Corporation has entered into a new conditional exclusivity agreement over the potential sale of the Akdjol and Tokhtazan gold exploration licences in Kyrgyzstan. Orsu said it had entered into an agreement with David-Invest LLP and David Way Limited following the receipt of a non- refundable deposit of US$100,000. Under the terms of the […]

Aviva to sell stake in Spanish JV for €287m

Aviva is to sell its holding in its joint venture CxG Aviva to Novacaixagalicia Banco for €287m in cash. The transaction results from a decision by an arbitration tribunal in Madrid which concludes legal proceedings between Aviva and NCG Banco. The tribunal has determined a breach by NCG Banco of its shareholder agreement with Aviva […]

Mining Sector: Alexander up on AmmLeach option deal with mid-tier miner

Alexander Mining (LON:AXM) was up in late trading after it announce a major development towards the establishment of an AmmLeach zinc oxide processing plant with the signing of an option agreement with a mid-tier mining company. Alexander has granted the entity an exclusivity period of three months (expiring 15 December) in order to complete the […]

RSA Insurance completes sale of business in Poland

RSA Insurance Group has completed the sale of Link4 Towarzystwo Ubezpieczen Spolka Akcyjna, its business in Poland, to Powszechny Zaklad Ubezpieczen sa (PZU), following receipt of formal regulatory approval. The sales of Lietuvos Draudimas AB (Lithuania) and the business of the Estonian branch of Codan Forsikring A/S) remains subject to obtaining relevant regulatory approvals in […]

CMA publishes Homair Vacances-Eurocamp decision

The Competition and Markets Authority has published the text of its decision on the proposed acquisition by Homair Vacances SA of Eurocamp Limited, which was cleared on 4 September. This decision can be found on the Competition and Markets Authority’s website at https://www.gov.uk/cma-cases Story provided by StockMarketWire.com

CMA enforcement order

Rhe Competition and Markets Authority has imposed an initial enforcement order under section 72 of the Enterprise Act 2002 to Grahams The Family Dairy Group Limited and Grahams The Family Dairy Limited. The order is without prejudice to the CMA’s ongoing investigation into the completed acquisition by Grahams The Family Dairy Limited of Quothquan Farms […]

CMA looks at LSE-Frank Russell deal

The Competition and Markets Authority is looking at the anticipated acquisition by London Stock Exchange Group of Frank Russell Co. The CMA is considering whether this will result in the creation of a relevant merger situation under the provisions of the Enterprise Act 2002 and, if so, whether that situation may be expected to result […]

GAMEDigital to take on portfolio of Spanish stores

GAME Digital has reached an agreement in principle to take over GameStop Corp’s stores in Spain. On completion of the transaction, GAME will assume the leases, staff and inventory associated with each store transferred as well as all remaining inventory held by GameStop in Spain. The stores will be converted to GAME branded stores and […]

Intandem financial position 'remains difficult'

Intandem Films says its financial position remains difficult but that it is in talks with number of parties regarding further investment into the company. Intandem says it will update the market in due course. At 2:54pm: (LON:IFM) Intandem Films PLC share price was -0.03p at 0.22p Story provided by StockMarketWire.com

MMC appoints deputy general counsel

Marsh & McLennan Companies has announced that Carey S. Roberts has joined the firm as deputy general counsel and corporate secretary. She will report to Peter J. Beshar, executive vice-president and general counsel, of Marsh & McLennan. Roberts will be responsible for overseeing a team of lawyers and paralegals who provide advice in areas including […]

AngloGold Ashanti shelves restructuring plans

AngloGold Ashanti has shelved plans for the proposed corporate restructuring and capital raising announced on 10 September after talks with major shareholders. AngloGold Ashanti says it engaged extensively with shareholders holding almost two-thirds of its issued share capital and while there was broad support for the strategic logic of the restructuring, a number of shareholders […]

ECR partial conversion of loan

ECR Minerals has issued 28,066,424 new ordinary shares at 0.2198p apiece following the conversion of $100,000 of the outstanding principal amount of the convertible loan of $1.5m received from YA Global Master SPV Ltd announced on 3 September. At 2:01pm: (LON:ECR) ECR Minerals PLC share price was +0.02p at 0.25p Story provided by StockMarketWire.com

W Resources' facility on track to reach target production

W Resources’ La Parrilla tailings facility has been producing tungsten concentrate on a continuous basis since 25 August following a scheduled eight-day shutdown. And W Resources says the facility is on track to reach target production levels of 25 tonnes per month of 60%-63% WO3 in September/October. W said additional improvements have been made to […]

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