Synthetic fuels company Oxford Catalysts jumped on Tuesday after the firm said it had been selected to supply technology to the GreenSky London waste-biomass to jet fuel project. GreenSky London has been established to create Europe's first commercial scale sustainable jet fuel facility. Its leading partner is British Airways. Oxford's shares rose 10% following the announcement.
Rubicon Diversified Investments said it had chosen the Airbus A319 to relaunch the low cost carrier, FastJet, across Africa. It expects the first aircraft to carry passengers by October. Rubicon has only just bought the airline from Lonrho, the sub-Sahara focused investment company, in a deal worth $85.7m. The firm said it expected passenger numbers to double from current levels within six months of the introduction of the A319 fleet. The news drove shares up 9% in early trading.
Cross-border payments provider, Earthport, said it had signed up a leading global provider of electronic security, monitoring and control products, as a client. The firm said the contract provided it with "guaranteed minimum revenues extending over several years" but gave no further details of who the mystery client was. Intrigued investors pushed shares up 4%.
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