Page 12 - Greg Roxburgh News Today

Thu, 6th May 2021 09:52 (Alliance News) - Mondi PLC on Thursday said it delivered a "robust performance" in the first quarter despite an expected decline in earnings, while its major projects in Eastern Europe are making good progress. The Surrey, England-based paper and packaging firm reported underlying earnings before interest, tax, depreciation and amortisation of EUR353 million, down 8.3% from EUR385 million a year ago. This was in line with the companys expectations, however. Ebitda was...

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Jubilee Metals to hunt for copper and gold in Caerus waste assets Tue, 4th May 2021 11:16 (Alliance News) - Jubilee Metals Group PLC on Tuesday said it has inked an agreement with Caerus Mineral Resources PLC for a six-month exclusive period for the assessment of copper and gold assets in Cyprus. Jubilee Metals is a London-based metals processing company with operations in South Africa and Zambia. Caerus is a exploration & resource development company focused on minerals in Europe to supply th...

Hurricane Energy shares tank on restructuring plan as production falls Fri, 30th Apr 2021 10:58 (Alliance News) - Hurricane Energy PLC on Friday proposed a financial restructuring plan following talks with its bondholders as its Lancaster Field fails to deliver. Hurricane shares sunk 48% at 1.20 pence each. The stock is down 52% year-to-date. The UK-focused oil & gas firm said it has entered into a lock-up agreement with an "ad hoc group of bondholders", who own 69% of the companys USD230 mil...

UPDATE: Glencore notes shareholder discontent at general meeting Thu, 29th Apr 2021 16:45 (Alliance News) - Glencore PLC on Thursday reported some shareholder disapproval at its annual general meeting. Around 20% of shareholders were against the approval of the rules of the Glencore incentive plan, while 25% of shareholders voted against the directors remuneration policy, as set out in the 2020 annual report. "The company liaised extensively with its largest shareholders in developing the rem...

IN BRIEF: MGC Pharmaceuticals sees record sales in March Tue, 27th Apr 2021 10:57 MGC Pharmaceuticals Ltd - EU-based medicinal cannabis company dual-listed in Perth and London - Reports solid sales revenue in the first quarter following its London IPO in February. Says March delivered the best monthly sales revenue for the company to date from its pharmaceutical-grade phytomedicine products. "This was thanks to sales of the phytocannabinoid product line in Australia driving its best monthly uni...

IN BRIEF: Synectics trading unchanged but sees green shoots Tue, 27th Apr 2021 11:10 Synectics PLC - Sheffield, England-based provider of security systems - Says trading in the new financial year so far has, "as expected", carried on at similar levels to the last financial year. "This reflects primarily the continued impact of global travel restrictions on casinos and gaming resorts in Asia-Pacific and the United States, which represent Synectics largest market sector for its security and surve...

IN BRIEF: Tlou Energy in discussions for financing of Lesedi project Mon, 26th Apr 2021 11:30 Tlou Energy Ltd - seeking to use gas and solar to alleviate some of the chronic power shortage in Botswana and southern Africa - Says it seeking project finance to build infrastructure to connect the Lesedi power project to the existing electricity grid in Botswana. Says project finance discussions are at an advanced stage with "a very reputable Botswana-based entity". Says its proposal was seen positi...

Dublin-based data whizz Glantus eyes London IPO around mid-May Mon, 26th Apr 2021 10:47 (Alliance News) - IT firm Glantus Holdings PLC on Monday said it is shooting for a initial public offering on AIM in London in mid-May. Glantus is a provider of accounts payable automation and analytics solutions headquartered in Dublin, Ireland. It is lead by Founder & Chief Executive Officer Maurice Healy, who holds a 40.3% stake. Chief Technology Officer Geoff Keating is the second largest shareholder cur...

Mon, 26th Apr 2021 11:30 Tlou Energy Ltd - seeking to use gas and solar to alleviate some of the chronic power shortage in Botswana and southern Africa - Says it seeking project finance to build infrastructure to connect the Lesedi power project to the existing electricity grid in Botswana. Says project finance discussions are at an advanced stage with "a very reputable Botswana-based entity". Says its proposal was seen positively by the potential investor. Phase one will require around USD10 m...