Company news

Mining Sector: Sirius Minerals narrows H1 pretax loss

Sirius Minerals (SXX) has narrowed its H1 pretax loss to £6.7m, from a year-earlier loss of £8.5m. Revenue was nil and most of the losses were attributable to administrative expenses. Chairman Russell Scrimshaw commented: “It’s been a typical busy six months for the Group with further excellent progress made on a number of fronts. Our […]

Mining Sector: Sirius Minerals narrows H1 pretax loss

Sirius Minerals (SXX) has narrowed its H1 pretax loss to £6.7m, from a year-earlier loss of £8.5m. Revenue was nil and most of the losses were attributable to administrative expenses. Chairman Russell Scrimshaw commented: “It’s been a typical busy six months for the Group with further excellent progress made on a number of fronts. Our […]

Mining Sector: Sirius Minerals narrows H1 pretax loss

Sirius Minerals (SXX) has narrowed its H1 pretax loss to £6.7m, from a year-earlier loss of £8.5m. Revenue was nil and most of the losses were attributable to administrative expenses. Chairman Russell Scrimshaw commented: “It’s been a typical busy six months for the Group with further excellent progress made on a number of fronts. Our […]

Old Mutual Life Assurance granted JSE listing

The JSE has granted a listing to Old Mutual Life Assurance Company (South Africa) Limited on the Interest Rate Market with effect from 27 November 2014 under its Unsecured Subordinated Callable Note Programme dated 4 September 2014. At 2:06pm: (LON:OML) Old Mutual PLC share price was -0.35p at 199.45p Story provided by StockMarketWire.com

Wessex Exploration sets AGM date

The Annual General Meeting of Wessex Exploration will be held at 11 a.m. on Friday 19 December 2014 at the offices of Ashfords LLP, Tower Wharf, Cheese Lane, Bristol BS2 0JJ. At 1:04pm: (LON:WSX) Wessex Exploration share price was +0.01p at 0.48p Story provided by StockMarketWire.com

InfraStrata project gets approval for EU grant funding

InfraStrata’s gas storage project under development at Islandmagee in County Antrim has received approval from the European Union for grant funding of up to 50% of the €5 million cost for a data gathering well to obtain cores of the salt sequence and undertake further engineering design work. This approval was formally ratified by the […]

blur unveils new client wins

blur says the latest big brands to shop at blur for business services include German car-hire giant, Sixt, one of the world’s leading food brands, Aryzta, and major construction company, Kier Group. · Sixt has taken advantage of blur’s newest category for video services buying and launched a series of promotional videos. · Aryzta is […]

FinnAust update on Kelkka and Hammaslahti

FinnAust Mining has announced that a SMoy drill rig has arrived at its Kelkka Nickel Sulphide Project in South East Finland. Drilling is due to commence imminently. Kelkka is located only 80km Southeast of the company’s discovery at its 100% owned Hammaslahti project where drilling continues uninterrupted. Highlights: · Kelkka is located proximal to the […]

Lonmin completes BEE transactions

Lonmin has completed three transactions which combined make up the remaining 8% of its Black Economic Empowerment. These are: a) Completion of the royalty-for-equity swap transaction with the Bapo Ba Mogale Traditional Community already approved by shareholders in general meeting. The transaction includes a swap of the Bapo’s interest in Pandora for Plc shares and […]

Fitch affirms BNP Paribas at 'A+'

Fitch Ratings has affirmed BNP Paribas’s long-term issuer default rating (IDR) at ‘A+’ with a stable outlook and short-term IDR at ‘F1′. At the same time, the agency has affirmed the bank’s viability rating at ‘a+’, support rating at ‘1’ and support rating floor at ‘A+’. The rating actions have been taken as part of […]

Fitch affirms Credit Suisse at 'A'

Fitch Ratings has affirmed Credit Suisse AG’s long-term issuer default rating at ‘A’ with a stable outlook and its viability rating at ‘a’. At the same time, the agency has affirmed Credit Suisse’s short-term IDR at ‘F1′, support rating at ‘1’ and support rating floor (SRF) at ‘A’. The agency has also affirmed the ratings […]

Ablynx reports positive results from caplacizumab trial

Ablynx has announced positive results from the phase I trial to demonstrate bioequivalence between the liquid and lyophilised formulations of caplacizumab, Ablynx’s anti-von Willebrand factor Nanobody developed for the treatment of acquired TTP. The liquid formulation has been used in clinical trials to date but the lyophilised form is more stable and can be stored […]

Armadale reports positive update on Mpokoto

Armadale Capital has announced a positive update on the metallurgical testwork programme for the Mpokoto gold project in the Katanga Province of the Democratic Republic of Congo. It says this has demonstrated increased gold recoveries of 84% from transitional and fresh ore. This follows the completion of metallurgical testwork on the deeper transitional and fresh […]

Berkeley reports 43% resource increase at Salamanca

Berkeley Resources has confirmed a 43% increase in the total resource base at its Salamanca project in Spain following a substantial rise in the Zona 7 mineral resource estimate. Berkeley says the Zona 7 MRE has increased to 30.1 Mlbs U3O8 (previously 3.6 Mlbs) and the average grade of the MRE has increased by 42% […]

Helios Underwriting raises syndicate profit forecasts

Helios Underwriting has increased profit forecasts for the 2013 and 2012 open underwriting years of account for its portfolio of syndicate participations. For the 2012 year of account, the mid-point forecast has been increased from £1,953,000 (mid-point 9.25%: range 6.22%-12.29%) to £2,226,000 (mid-point 10.55%: range 7.64%-13.45%). For the 2013 year of account, the mid-point forecast […]

AZ and Amgen report positive results for brodalumab

AstraZeneca and Amgen have announced positive results from a phase III study of brodalumab in patients with moderate-to-sever plaque psoriasis. AstraZeneca and Amgen sai that AMAGINE-2, a pivotal, multi-arm phase III trial evaluating two doses of brodalumab in more than 1,800 patients with moderate-to-severe plaque psoriasis, met its primary endpoints when compared with both Stelara […]

GW to present at Piper Jaffray conference

GW Pharmaceuticals chief executive Justin Gover is scheduled to present at the 26th Annual Piper Jaffray Healthcare Conference on 3 December at 12:30 p.m. EST time. The conference is being held at the New York Palace Hotel in New York City. A live audio webcast of the presentation will be available through GW’s corporate website […]

EE notes shareholders' talks with BT

EE Ltd has noted that its joint shareholders – Deutsche Telekom AG and Orange SA – are in exploratory discussions with BT. EE Ltd – guarantor of the EE Finance £3,000,000,000 EMTN programme – says it regularly analyse the development of the market in which EE operates, evaluating various strategic options which have the potential […]

Biofrontera sees further progress on Ameluz

Biofrontera, the specialist for sun-induced skin cancer, says it has taken important steps towards further international approvals of Ameluz. As part of the approval process for Ameluz in the US, Biofrontera had discussed with the FDA to submit the ‘paediatric waiver’ and the ‘user fee waiver’ before submitting the complete registration dossier. These filings have […]

Fitch affirms HSBC and its UK and HK units at 'AA-'

Fitch Ratings has affirmed HSBC Holdings plc’s long-term issuer default rating at ‘AA-‘ with a stable outlook and its viability rating at ‘aa-‘. At the same time, Fitch has affirmed the ratings of HSBC’s key subsidiaries: HSBC Bank Plc (AA-/stable, a+), The Hongkong and Shanghai Banking Corporation Limited (AA-/stable, aa-), Hang Seng Bank (A+/stable, a+), […]

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