Egdon Resources in advanced talks to buy Alkane shale assets May 12, 2014 ALKANE Energy yesterday confirmed that it is in advanced talks with Egdon Resources to sell its onshore shale gas assets in return for shares, causing the share prices of both Aim-listed companies to surge. If the deal goes through, independent power generator Alkane will own 40m shares in oil and gas explorer Egdon, equating to [...]
Galasys raises less than expected May 12, 2014 Theme park ticketing firm Galasys saw its shares jump 10 per cent yesterday to 24.5p during its first day of trading, above the 22.5p it originally priced its shares at. Despite the success Galasys said it only raised £3.1m from the float, less than the £7m it had originally hoped to raise, as it lowered [...]
GM facing new legal challenge May 12, 2014 A couple from Georgia, USA, who settled with General Motors last year over their daughter’s fatal car crash linked to a faulty ignition switch have filed a new lawsuit. In a complaint filed in state court, Ken and Beth Melton accused GM of fraudulently concealing critical evidence and allowing a company representative to lie under [...]
BATM secures Islington contract May 12, 2014 BATM Advanced Communications Limited has won an $800,000 (£474,000) contract for a surveillance system for Islington Council. The firm’s surveillance system will be used for Islington’s new “CCTV control and command centre”, consisting of a video recording platform and a video wall which displays feeds from various cameras. The wall will feature 1,000 camera feeds [...]
City Moves for 13 May 2014 | Who’s switching jobs May 12, 2014 Canaccord Genuity Wealth Management The wealth management business has announced the appointment of Sasha Dabliz as head of marketing and communications. She was most recently at Schroders, where she worked on the integration of Cazenove Capital and Schroders Private Banking. Dabliz formerly held senior marketing roles at Brewin Dolphin and Killik, and also previously ran [...]
Carillion and Interserve win MoD contracts May 12, 2014 THE MINISTRY of Defence has handed out up to £2bn of new contracts to manage its military estates, the winning companies announced yesterday. London-listed support services firm Carillion, in a joint venture with Amey, won two contracts to manage defence infrastructure potentially worth up to £1.7bn. The firms won a £625m five-year deal to provide [...]
Capita on track for 2014 thanks to flurry of new contract awards May 12, 2014 OUTSOURCING firm Capita said yesterday that it feels confident of achieving growth in line with market expectations this year, after “a strong start to 2014” where it secured £1.1bn of new contracts. The FTSE 100 company was awarded contracts with Transport for London, John Lewis and the Ministry of Defence, with its bid pipeline standing [...]
Polymetal gives reserve estimate May 12, 2014 FTSE 250-listed miner Polymetal International yesterday published an initial reserve estimate of 7.3m tonnes, with 700,000 ounces of gold contained, at its Svetloye project in Russia. The project is expected to be reviewed by the company’s board of directors in the third quarter. If the decision is positive, construction will commence in 2015 with first [...]
Gem Diamonds mines more carats May 12, 2014 Aim-listed miner Gem Diamonds yesterday said it recovered 39 per cent more carats in the first quarter of the year, while the average value per carat rose 70 per cent. “Strong diamond prices continue to be seen at the Letseng tenders…coupled with the continuing contribution of ore sourced from the Satellite pipe at Letseng, has [...]
Stratex ties up with Thani Emirates May 12, 2014 Stratex International, the Aim-quoted gold and base metals miner, yesterday said it plans to form a new company for its East African assets with UAE-based Thani Emirates Resources Holdings. “The new company will initially focus on drilling the Pandora epithermal system in Djibouti as well as advancing key projects in Egypt that show potential for [...]
