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Tuesday 11 April, 2017

11-Apr-2017 08:40 AM

Bank Audi chairman steps down

Bank Audi SAL chairman Raymond Audi, 84, has stepped down to devote more time to his personal life. He has been a director of the company since its incorporation in 1962. The board thanked him for his leadership and dedication throughout his 55 years of
11-Apr-2017 08:40 AM

Broker Forecast - Cantor Fitzgerald issues a broker note on Gama Aviation Plc

Cantor Fitzgerald today reaffirms its buy investment rating on Gama Aviation Plc (LON:GMAA) and raised its price target to 270p (from 230p). Story provided by StockMarketWire.com...
11-Apr-2017 08:30 AM

Broker Forecast - Macquarie issues a broker note on Mediclinic International Plc

Macquarie today reaffirms its neutral investment rating on Mediclinic International Plc (LON:MDC) and cut its price target to 760p (from 770p). Story provided by StockMarketWire.com...
11-Apr-2017 08:23 AM

Egdon losses narrow; plans new Wressle application

Egdon Resources' pre-tax losses narrowed to £734,000 in the six months to the end of January from £1,996,000 a year ago and it confirmed that a new planning application for the Wressle field would be submitted this month. Egdon said gro
11-Apr-2017 08:20 AM

Broker Forecast - Deutsche Bank issues a broker note on Aviva PLC

Deutsche Bank today reaffirms its buy investment rating on Aviva PLC (LON:AV.) and raised its price target to 585p (from 515p). Story provided by StockMarketWire.com...
11-Apr-2017 08:10 AM

Franchise Brands completes Metro Rod acquisition

Franchise Brands has completed its acquisition of Metro Rod. Executive chairman Stephen Hemsley said: "I am delighted to announce the completion of the acquisition of Metro Rod, which represents a transformational step in respect of implementing the
11-Apr-2017 08:10 AM

Broker Forecast - Peel Hunt issues a broker note on Severfield

Peel Hunt today reaffirms its buy investment rating on Severfield (LON:SFR) and raised its price target to 90p (from 85p). Story provided by StockMarketWire.com...
11-Apr-2017 08:04 AM

Defenx revenue up; partnership with BV-Tech

Defenx saw its fifth year of profitable growth in 2016 with revenues up 58% at €7.09m with a 10% increase in average revenue per user. Operating profits, before transaction costs, rose by 88% to €1.84m. The company also announced a long-term
11-Apr-2017 08:00 AM

Broker Forecast - Berenberg issues a broker note on SSE PLC

Berenberg today upgrades its investment rating on SSE PLC (LON:SSE) to buy (from hold) and raised its price target to 1650p (from 1550p). Story provided by StockMarketWire.com...
11-Apr-2017 07:57 AM

Genedrive to present hepatitis C data at EASL

Genedrive has confirmed that hepatitis C assay performance data had been accepted for presentation at the International Liver Confrence. The company said it would be showcasing its molecular Genedrive HCV ID Kit and Genedrive platform at the conference
11-Apr-2017 07:54 AM

Ironveld to acquire smelting business

Ironveld has signed two non-binding memoranda of understanding with Siyanda Inkwali Smelting Services (Pty) Ltd to subscribe for shares to acquire a 100% interest in Siyanda Smelting and Refining (Pty) Ltd and a purchase agreement to acquire 70% of Power
11-Apr-2017 07:51 AM

Immedia posts FY loss

Immedia Group posted a pre-tax loss of £184,372 for the year to the end of December against a profit of £5,379 last time. Revenues rose to £2.6m from £2.4m but there was a loss fore interest, taxation, depreciation, amortisation,
11-Apr-2017 07:51 AM

Premier Asset Management lifts total AuM in Q2

Premier Asset Management has lifted its total Assets under Management in Q2 to £5.5bn, with total net inflows of £170m in the three months to 31 March. "The challenges resulting from the UK's decision to leave the European Union are
11-Apr-2017 07:45 AM

Simigon's FY pretax profit comes in much lower

Simigon's FY income before taxes has come in much lower, with revenue and gross profit also slipping, as it continues to cement its position as a prime contractor for major long-term simulation programmes. Pretax income was $292,000, from $1.6m, wit
11-Apr-2017 07:44 AM

IOG inks deal for SNS pipeline

Independent Oil and Gas has signed a sale and purchase agreement regarding the acquisition of the recently decommissioned Thames Gas Pipeline in the Southern North Sea for a nominal consideration from Perenco UK Limited, Tullow Oil SK Limited and Centric
11-Apr-2017 07:41 AM

Carclo on track after strong second half

Carclo has confirmed following the anticipated strong second half performance, the group delivered good growth for the year ended 31 March with trading in line with the board's expectations. The group said Technical Plastics delivered another year o
11-Apr-2017 07:37 AM

CloudCall launches new mobile app

CloudCall has launched its mobile phone app, 'Cloudcall Go', for both iOS and Android operating systems. The company said CloudCall Go would provide customers with greater working flexibility by integrating voice communications services from
11-Apr-2017 07:36 AM

XP Power says Q1 trading strong, on track for FY 2017

XP Power said Q1 trading has been strong and that the group remains on track to be in line with its expectations in 2017. "The group has made a good start to its financial year, with continued growth in revenues and strong momentum in order intake,&
11-Apr-2017 07:35 AM

Digital Barriers wins facial recognition contract

Digital Barriers has won a contract for its facial recognition technology with Careem, a leading ride-hailing provider in the Middle East and North Africa. Digital Barriers said the contract award followed a competitive benchmarking process and was one
11-Apr-2017 07:33 AM

De La Rue underlying operating profits at top end forecasts

Banknote printer De La Rue expects full year underlying operating profit to be above the top end of the market consensus. The group said this outperformance had been driven by good growth in Identity Systems and Product Authentication & Traceability prod
11-Apr-2017 07:32 AM

Tethyan Res. to begin Rudnitza drilling in late April

Tethyan Resources has concluded an agreement with Drillex International d.o.o. in order to begin drilling at the Rudnitza porphyry prospect in late April 2017. It said the plan was to drill about 2000 meters of diamond core in 3 to 4 drill holes. Dril
11-Apr-2017 07:30 AM

Future makes positive start

International media group Future has made a strong start to its financial year and its debt position was lower than expected at the half year to the end of March. The group said its media division was performing strongly with the fast growing revenue str
11-Apr-2017 07:27 AM

Victoria upbeat on FY underlying pretax profit

Victoria Plc said group underlying profits before tax will be comfortably ahead of current consensus market expectations for the financial year ending 1 April 2017. "The Group's performance has benefited from operational synergies following the
11-Apr-2017 07:27 AM

City of London lags index

City of London Investment Group's funds under management rose to $4.4bn in the three months to the end of March - up 8% - but lagged the MSCI Emerging Markets TR Index in US dollar terms which rose around 11% over the same period. The group said th
11-Apr-2017 07:25 AM

1Spatial acquires remaining 27% of US subsidiary

1Spatial has acquired the remaining 27% of US subsidiary 1Spatial Inc for £738,892, payable in shares in accordance with the terms set out in the original share purchase agreement. This acquisition further strengthened 1Spatial's position in

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