Market news

Panthera Resources initial portion of Galaxy funding

Panthera Resources said it had received an initial $250k of funding from Galactic Gold Mines Private, otherwise known as Galaxy.

Galaxy had agreed to purchase...

FTSE opens 0.3% lower as HSBC, BHP results disappoint

UK stocks opened lower on Tuesday after market heavyweights HSBC and BHP both revealed disappointing earnings results.

At 0852, the benchmark FTSE 100 index was...

Cobham to suffer £160m hit after settling dispute with Boeing

Defence and aerospace group Cobham said Tuesday it expected to record a exceptional charge of £160m in its full year results after it agreed to...

888 acquires portfolio of Bingo brands for £18m

888 on Tuesday acquired a portfolio of Bingo brands including Costa Bingo for a total of £18m.

Consolidating its position as one of the...

Vitec appoints Ian McHoul as chairman

Broadcast and photographic market services provider Vitec Group said it had appointed Ian McHoul as its new chairman.

McHoul would formally replace current chairman John...

1Spatial tweaks terms of sale of Enables IT subsidiary

Geospatial software company 1Spatial said it had agreed to amend the terms of an agreement reached in March related to the sale of a controlling...

Seeing Machines secures supply deal with automotive equipment maker

Computer vision technology company Seeing Machines said it had secured a program design win with an additional US automotive original equipment manufacturer.

The contract would...

Go-Ahead agrees terms with FirstGroup to purchase Manchester bus depot for £11.17m

The Go-Ahead Group said Tuesday it had agreed terms with FirstGroup to purchase the Queen's Road bus depot for £11.17m in cash.

The sale, which...

Touchstone Exploration to raise £3.8m for Trinidad & Tobago well

Touchstone Exploration said it planned to conduct a private placement directed towards UK institutional investors to raise £3.8m.

New shares in the company would be...

Palace Capital inks 15-year lease agreement with Soo Yoga

Property investor Palace Capital said it had sealed a 15-year lease agreement with Soo Yoga Group at its Sol Northampton leisure scheme.

The agreement, for...