Company news

Mining Sector: Beowulf falls despite 'very promising' assays at Kallak North

Beowulf (LON:BEM) was the sector’s biggest faller despite describing initial assay results from its 2014 drill programme at Kallak North as ‘very promising’. Results received for the first four holes totalling 1,191m phase II of drilling show significant long intercepts in all holes which include one inclined hole with a significant intercept from surface to […]

Kunoch acquires Actis DB Holdings

Diamond Bank has announced that Kunoch Holdings has successfully completed the purchase of Actis DB Holdings Limited from Actis LLP and CDC Group. Actis DB Holdings Limited currently holds 14.79% of Diamond Bank. Funds managed by Actis, a private equity investor specialising in investments in emerging markets, acquired a significant equity stake in the Diamond […]

Wolfson-Cirrus Logic scheme fully effective

The scheme of arrangement for the proposed acquisition of Wolfson by Cirrus Logic has become fully effective. Cancellation of Wolfson’s shares on the London Stock Exchange is expected to occur by no later than 8.00 a.m. on 26 August. At 2:27pm: (LON:WLF) Wolfson Microelectronics PLC share price was 0p at 234.75p Story provided by StockMarketWire.com

Kofax changes from IFRS to GAAP

Kofax has voluntarily changed the basis of preparation of its financial statements from International Financial Reporting Standards to US Generally Accepted Accounting Principles from 1 July, the beginning of its 2015 fiscal year. Chief financial officer Jamie Arnold said: “The majority of our shares are now owned by US investors and most of the trading […]

Biofrontera pre-NDA meeting with FDA scheduled

Biofrontera’s pre-new drug application meeting with the US Food and Drug Administration has been scheduled for 8 October. The pre-NDA meeting represents an important step in Biofrontera registering its medicinal product Ameluz in combination with its medical device BF-RhodoLED in the US since it is the last opportunity to obtain direct feed-back to the dossier […]

IDS-iSYS gets clearance from China FDA

Immunodiagnostic Systems Holdings has received notice that the China Food and Drug Administration has approved the company’s IDS-iSYS automated immunoassay instrument for sale in the Chinese market. IDS appointed Beijing Leadman Biochemistry Technology Co, Ltd as its exclusive distributor for the IDS-iSYS instrument and assays in China in May 2013. The company says that since […]

Fair Oaks Income investment

Fair Oaks Income Fund as announced that Fair Oaks Income Fund LP (the ‘master fund’) has entered into binding contracts to acquire, in the primary market, $20.5m notional of equity notes, representing 53% of the total equity and $4.3m notional of B rated notes of Arrowpoint 2014-3, a new CLO backed by a portfolio of […]

Global gets 'fair value' report on Orascom

Global Telecom Holding has received a report by HC for Securities and Investment on the fair value of Global’s subsidiary, Orascom Telecom Algeria. Global requested an independent financial adviser report to express an opinion of the acquisition of 51% of Orascom Telecom Algeria by the state’s National Investment Fund. The report says that the average […]

Auhua unit in partnership with Purdue University

Auhua Clean Energy’s wholly-owned subsidiary, Taiwan Ziolar Technology, has entered into a joint development agreement with Lyles School of Civil Engineering, Purdue University, Indiana, to optimise Taiwan Ziolar’s innovative solar thermal panel design. Purdue University will work with Taiwan Ziolar to enhance Auhua’s existing solar thermal technologies by further developing its advanced composite material and […]

Falcon unit completes farm-out deals

Falcon Oil & Gas subsidiary Falcon Oil & Gas Australia has completed its farm-out and joint operating agreements with Origin Energy Resources and Sasol Petroleum Australia which are each farming into 35% of Falcon’s exploration permits in the Beetaloo Basin, Australia. Falcon chief executive Philip O’Quigley said: “I am delighted to announce we have completed […]

Cyprotex seeks approval to list loan notes on CSX

Cyprotex is seeking consent from the holders of its £3m fixed rate redeemable loan notes and £4m fixed rate convertible loan notes issued on 27 September 2013 to list them on the the Cayman Islands Stock Exchange. The board believes that a listing of the notes makes them more widely available and attractive to investors […]

Kibo pleased with progress of Rukwa DFS

Kibo Mining reports positive progress on the Rukwa coal to power project definitive mining feasibility study. The initial focus of the DFS was to test the key benchmark assumptions that will determine the economic viability of the Rukwa coal mine, as a long-term reliable coal supplier to the planned 300MW mine mouth Rukwa Power Station. […]

Beowulf reveals 'promising' assay results

Beowulf describes initial assay results from its 2014 drill programme at Kallak North as ‘very promising’. Results received for the first four holes totalling 1,191m phase II of drilling show significant long intercepts in all holes which include one inclined hole with a significant intercept from surface to 249.99m along drill core averaged 30.68% iron. […]

Grupo Clarín compliance with media law

Grupo Clarín has informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the company had filed a note with the Audiovisual Communication Services Law Federal Enforcement Authority stating that it had completed all actions required to implement the plan to conform the company to the Audiovisual Communication Services Law. Story provided by […]

Chi-Med's HMP completes patient enrolment

Hutchison MediPharma – Hutchison China MediTech majority-owned drug R&D company – has completed patient enrolment in a phase II clinical trial of fruquintinib (HMPL-013) in colorectal cancer (“CRC”) in China. The proof-of-concept study is investigating the efficacy and safety of fruquintinib, HMP’s investigational small molecule inhibitor of vascular endothelial growth factor receptors. This randomised, double-blind, […]

Biofrontera files litigation against former supplier

The management of Biofrontera AG has decided to file an action for negative declaratory relief against the former supplier Biosynth AG (Biosynth), Staat, Switzerland. This is an active reaction to unfounded claims. Biofrontera says law suit has the following background: Biosynth was the supplier for active substance 5-aminolaevulinic acid hydrochloride (ALA) for Biofrontera group. ALA […]

AfriAg Marketing secures initial orders

AfriAg Marketing Pty – AfriAg’s new wholly owned agri-produce marketing and sales and distribution division – has dispatched by airfreight its first orders of frozen fish produce to Asia with two orders totalling over 1.5 tonnes of Mozambique langoustines to Singapore and Hong Kong. AfriAg Marketing’s prime focus is the sourcing, distribution and marketing of […]

Fitch affirms Greene King Finance notes

Fitch Ratings has affirmed Greene King Finance plc’s class A, AB and B notes at ‘BBB+’, ‘BBB’ and ‘BBB-’, respectively. The outlooks on the notes are stable. Fitch says the affirmation reflects the solid performance of the borrower’s (GK Retailing Limited; GKR) total estate over the past year with 52-week May 2014 (FY14) earnings before […]

Bioventix licensing agreement with DIAsource

Bioventix has signed a license agreement with DIAsource ImmunoAssays of Belgium over certain intellectual property owned by DIAsource. In April, the company announced that it was taking action to oppose DIAsource’s European patent in the field of anti-vitamin D antibodies and their use in assays (i.e. tests) for vitamin D sufficiency and deficiency. This patent […]

IGas secures rig for NW England well

IGas has secured a rig to drill the Ellesmere Port exploration well which is expected to spud in late 2014. A comprehensive community engagement programme has commenced. The Ellesmere Port well, which is a straight vertical exploration well, will be the third such well in a sequence designed to give IGas a suite of results […]

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