UPDATE: Genel stands by refusal to engage with DNO approach
(Alliance News) - Genel Energy PLC on Friday defended its lack of engagement with Norway's DNO, and its rejection of the latter's takeover approach. Read More
(Alliance News) - Genel Energy PLC on Friday defended its lack of engagement with Norway's DNO, and its rejection of the latter's takeover approach. Read More
Mercantile Ports & Logistics Ltd - operator and developer of a port and logistics facility in Navi Mumbai - Issues an update in light of a recent hearing before India's National Company Law Tribunal, regarding the corporate insolvency resolution process of Karanja Terminal & Logistics Private Ltd. Says the lenders and committee of creditors concluded their arguments at Friday's hearing. At the next hearing, scheduled for September 24, Mercantile says the Counsel for the Resolution Professional will be addressing arguments on conclusion from the side of respondents. It "will have the chance to respond to the arguments made by the lenders and resolution professional." Read More
BHP Group Ltd - Melbourne-based resource mining company - Neither explicitly denies nor confirms media speculation over a potential partnership involving part of the Western Australia Iron Ore business. "BHP has a long history of partnerships at its assets, and regularly explores options that may create long-term value to its shareholders," BHP says. Notes that WAIO remains central to its portfolio and that it is still fully committed to WAIO. Read More
(Alliance News) - Ireland's economy fared better than first expected in the second quarter of the year, data from the Central Statistics Office showed Friday. Read More
(Alliance News) - Gana Media Group PLC on Friday announced it has been inducted as a member of Mexico's leading gaming association, as it seeks to expand its presence in the country's regulated gaming market. Read More
(Alliance News) - Pri0r1ty Intelligence Group PLC shares rose on Friday after it announced the acquisition of Pirkx Ltd for GBP50,000. Read More
(Alliance News) - Cadence Minerals PLC on Friday announced the completion of refurbishment of the Azteca processing plant at its Amapa iron ore project in Brazil. Read More
(Alliance News) - UK Foreign Secretary Ed Miliband has said the UK will "resolutely uphold" the self-determination of the Falkland Islands after Argentinian President Javier Milei said his country needed to take them back. Read More
(Alliance News) - Shares in Genel Energy PLC plunged on Friday as Norwegian oil and gas operator DNO ASA said it will not be making a takeover bid. Read More
Rockhopper Exploration PLC - Salisbury, England-based oil and gas company, which owns a 35% interest in the Sea Lion development in the Falkland Islands - Notes recent media reporting on the Falkland Islands. Argentina's President Javier Milei said, in a televised national address, that his country "[needs] to recover these islands...There is no other path forward." He also said the “winds of change” are favourable to Argentina's claim. Milei's comments follow US President Donald Trump hinting that he would not help the UK in a potential future conflict over the Falklands, saying the country was "not there to help me" with the war in Iran. Earlier, the UK prime minister's official spokesman said the UK's position on the Falklands was "long-standing and unwavering", and that its residents "have repeatedly expressed their wish to remain a British overseas territory." Read More
(Alliance News) - Stock prices in London were mixed on Friday afternoon in cautious trade shortly before a key US jobs report. Read More
(Alliance News) - Arrow Exploration Corp on Friday reported record production of more than 6,000 barrels of oil equivalent per day and said it believes production can continue to grow from its prospect-rich inventory. Read More