Company news

ITM Power revises pipeline after EU vote

ITM Power has noted the potential impact of the Brexit decision on upcoming pipeline, and seeks to reassure investors over existing forecasts in the market. To reflect the increased risk associated with items in the final stages of negotiation and not yet contracted, ITM Power has revised its pipeline figure, removing £3.47m from the items […]

Nostra Terra mulls Chisholm Trail sale

Nostra Terra Oil and Gas Co has confirmed it is considering selling its asset in the Chisholm Trail prospect in Oklahoma. The company noted recent comment on social media regarding the asset and said further announcements would be made as appropriate. At 4:24pm: (LON:NTOG) Nostra Terra Oil Gas Company PLC share price was +0.25p at […]

Mining Roundup

Sirius Minerals (LON:SXX) announced a material reduction of its capital funding requirements for its North Yorkshire polyhalite project. Since October 2014, in parallel with the preparation of the definitive feasibility study (DFS), the company has been conducting a detailed early engagement and competitive tendering process with specialist contractors for critical aspects of the project’s construction. […]

Mining Roundup

Sirius Minerals (LON:SXX) announced a material reduction of its capital funding requirements for its North Yorkshire polyhalite project. Since October 2014, in parallel with the preparation of the definitive feasibility study (DFS), the company has been conducting a detailed early engagement and competitive tendering process with specialist contractors for critical aspects of the project’s construction. […]

Green Dragon unaffected by EU vote

Green Dragon Gas noted initial market reaction to the result of the UK referendum on membership of the EU and confirmed that there is no commercial or financial impact on the group as it has no operational exposure to the European or UK economies. Green Dragon Gas is wholly focused on the production and sale […]

Runruno milling suspended, says Metals Exploration

Metals Exploration says milling operations at Runruno have been suspended due to an issue with the feed end bearing on the mill. The mill has been undergoing ‘test running and debugging’ operations as part of the commissioning and ramp up procedure. The issue is currently being fully assessed and representatives of the manufacturer CITIC are […]

BP Marsh schedules AGM

B.P. Marsh will hold its annual general meeting at 2nd Floor, 36 Broadway, London SW1H 0BH, on 20 July at 11.00 a.m. At 3:50pm: (LON:BPM) B.P. Marsh Partners PLC share price was -9p at 157.5p Story provided by StockMarketWire.com

Property D&F reinsurance underwriter at Cathedral

Lancashire Holdings hasannounced that Matthew Narbett will be joining Cathedral Underwriting to underwrite property business for Syndicate 2010. Narbett has over 13 years’ experience as a broker and underwriter in the Lloyds and London markets and joins the business from XL Catlin. Narbett will help underwrite Cathedrals Syndicate 2010 property direct and facultative reinsurance business […]

Tengri loan note repayments

Tengri Resources has today paid $2.25m to Robust Resources as part redemption of the $4m convertible unsecured loan notes as set out in the announcement of 07 April 2015. The company has also paid $0.5m to TIH Investments Limited and $0.5m to Argyle Street Investments Limited as redemption of the respective $0.5m unsecured convertible loan […]

PPC chairman speech online

PPC SA chairman and chief executive Mr. Panagiotakis’s speech at the Economist conference held in Athens 20th Roundtable with the government of Greece- Economist 2016′ is available on the company’s website https://www.dei.gr/Documents2/Ενημέρωση%20Επενδυτών/ΑΓΓΛΙΚΑ/Speech%20of%20Mr%20%20Panagiotakis%20Chairman%20%20CEO%20of%20PPC%20S%20A%20%20in%20the%2020th%20Roundtable%20with%20the%20government%20of%20Greece%20%20Economist%202016.pdf Story provided by StockMarketWire.com

IG in line with expectations

IG Group Holdings has issued a statement on the impact of the EU referendum vote and says it managed its operations and exposure very effectively through the night and into today. IG says its emphasis has been on assisting clients through this period of uncertainty, through measures both ahead of and during the event. It […]

Royal London sees no significant impact from EU vote

Royal London has considered the UK’s decision to leave the EU and is confident there is no significant impact to the operations or the capital of the group. Royal London says the group maintains a very strong capital position. The key parts of the regulatory framework which have an impact on Royal London remain the […]

Sports Direct assessing impact of referendum

Sports Direct International continues to assess the impact of the EU referendum. But it ha noted the associated market volatility and, in particular, material changes to sterling/dollar exchange rates, and the lack of transparency as to those rates in the short to medium term. It says these factors are likely to impact purchases for which […]

Westminster sees little impact from Leave win

Westminster Group believes that the UK’s decision to leave the EU will have little material effect on the company’s business. The group says its bubusiness and major value creation opportunities are predominantly focussed on high growth and emerging markets outside of the eurozone, such as Africa, the Middle East and Asia. As much of the […]

Mereo BioPharma schedules AGM

Mereo BioPharma Group will hold its annual general meeting at the offices of Proskauer Rose (UK) LLP, 110 Bishopsgate, London EC2N 4AY, on 18 July at 10.00 a.m. At 1:04pm: (LON:MPH) Mereo Biopharma Group Ltd share price was 0p at 292p Story provided by StockMarketWire.com

IAG sees short-term impact from referendum

International Consolidated Airlines Group believes that the vote to leave the European Union will not have a long term material impact on its business. In the short term, however, in the run up to the UK referendum during June, IAG experienced a weaker than expected trading environment. Following the outcome of the referendum, and given […]

FCA warms of significant implications from Leave win

The Financial Conduct Authority has warned that the outcome of the EU referendum has significant implications for the UK. The FCA is in very close contact with the firms we supervise as well as the Treasury, the Bank of England and other UK authorities, and we are monitoring developments in the financial markets. Much financial […]

Aviva sees no significant impact from EU vote

Aviva believes the outcome of the UK referendum on EU membership will have no significant operational impact on the company. Aviva says it has conducted extensive analysis of the possible implications of a vote to leave. It says its operations in the UK and its other subsidiaries in the EU are well capitalised and continue […]

DekelOil schedules AGM

DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Cote d’Ivoire, will hold its annual general meeting at 200 Strand, London, WC2R 1DJ, on 18 July at 3.00 p.m. At 8:57am: (LON:DKL) DekelOil Public Ltd share price was -0.25p at 12.5p Story provided by StockMarketWire.com

Fitch upgrades Dai-ichi Life's IFS rating to 'A+'

Fitch Ratings has upgraded The Dai-ichi Life Insurance Co’s insurer financial strength rating to ‘A+’ from ‘A’. The outlook is negative. Fitch has simultaneously affirmed Dai-ichi Life’s long-term issuer default rating at ‘A’ and revised the outlook to stable from negative. Fitch has also affirmed at ‘A-‘ the ratings on Dai-ichi Life’s US$1.3bn cumulative perpetual […]

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