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Lastest Finance News

IN BRIEF: Plaza Centers lawsuit appeal granted by Supreme Court

1st Jun 2023 14:33

Plaza Centers NV - Amsterdam-headquartered property investor with interests in Europe and India - Says its appeal against dismissal of lawsuit against various entities was accepted yesterday by the Supreme Court of Israel. Lawsuit was filed with the District Court in Tel-Aviv by Plaza and Elbit Imaging Ltd in October 2020 against certain officers of both companies, certain heirs of their former controlling shareholder Motti Zisser, deceased, and other parties involved in a 2011 sale of US real estate properties. Brokerage fees for this transaction were allegedly illegally transferred to private companies controlled by Zisser. District Court approved defendant Philip Meyer's application for dismissal of the lawsuit against him. Plaza and Elbit appealed in November 2021. Both companies will continue handling legal proceedings in the District Court while each party maintains all claims in the main proceeding. Read More

UK house prices fall as rising mortgage prices put off buyers

1st Jun 2023 14:24

(Alliance News) - UK house prices continue to fall, as rising mortgage rates deter home buyers, new figures on Thursday showed. Read More

Dr Martens takes one step forward, two back, as bottlenecks hit profit

1st Jun 2023 14:24

(Alliance News) - Dr Martens PLC posted a "disappointing" set of results on Thursday, according to analysts at Edison Group, as operational challenges hampered efforts to revive faltering returns. Read More

IN BRIEF: Greencoat UK Wind associate of fund manager buys shares

1st Jun 2023 14:20

Greencoat UK Wind PLC - London-based renewable infrastructure fund, focused on UK wind farms - Gemma Fumagalli, associate of fund manager Laurence Fumagalli, buys 267,682 shares for GBP1.49431 each on Wednesday, worth GBP399,999.89. Read More

IN BRIEF: Greatland Gold names Newcrest as manager of Juri JV

1st Jun 2023 14:13

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Says Newcrest Mining Ltd, its joint venture partner, will become Juri's manager from July 1. The Juri JV is an unincorporated JV between Greatland, which holds 49%, and Newcrest which holds 51%. The JV was formed in November 2020 to accelerate exploration at the Paterson Range East and Black Hills exploration licences. Read More

Rurelec shareholders approve sale of Argentinian interests

1st Jun 2023 14:12

(Alliance News) - Rurelec PLC on Thursday said shareholders approved the planned disposal of its Argentinian assets to Verafont SA, Basic Energy Ltd and Esteban Reynal for up to GBP4 million. Read More

IN BRIEF: Reabold Resources extends LNEnergy investment expiry date

1st Jun 2023 14:10

Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania - Extends investment expiry date with LNEnergy Ltd by one week to June 7. Last month, Reabold agreed to buy a 3.1% shareholding in LNEnergy for a cash consideration of GBP250,000. The deal includes options to acquire further shares in LNEnergy which would result in Reabold holding a 25% stake in the company for GBP3.8 million in cash and shares. LNEnergy's primary asset is an option over a 90% interest in the Colle Santo gas field, onshore Italy in the Abruzzo region. Read More

IN BRIEF: Engage XR partner Lenovo's new VR headset to be sold in June

1st Jun 2023 14:09

Engage XR Holdings PLC - Waterford, Ireland-based virtual reality software and technology group - Says partner Lenovo Group Ltd's new ThinkReality virtual reality headset will become available to buy this month. Last year, Engage and Lenovo signed a partnership agreement to cover the resale and distribution of end-user licences by Lenovo of Engage's metaverse for business platform, Engage Link. Lenovo is one of Engage's 14 launch partners, and it is building its own virtual world within Engage Link. Read More

IN BRIEF: Panthera Resources extends LCM's due diligence deadline

1st Jun 2023 14:09

Panthera Resources PLC - London-based gold explorer with projects in India and Africa - Agrees to extend LCM Funding Sg Pty Ltd's due diligence deadline to June 30 from May 31 for the funding arrangement for USD10.5 million in litigation financing. Panthera Resources reports that all the third-party experts have tabled their due diligence findings. The company agrees to a further extension to the LCM due diligence period to June 30, but does not expect a further extension of the due diligence period. Read More

Ascent Resources bids to buy Amur Minerals with all-share offer

1st Jun 2023 13:54

(Alliance News) - Ascent Resources PLC on Thursday said it wants to buy fellow London listing Amur Minerals Corp in an all-share deal. Read More

IN BRIEF: Triad names Charlotte Rigg as deputy executive chair

1st Jun 2023 13:44

Triad Group PLC - Godalming, England-based technology consultancy - Appoints Charlotte Rigg as deputy executive chair, effective immediately. Says Rigg has extensive business experience spanning 30 years, running a stud farm and grazing farm, as well as an investment property business. She currently holds 312,000 ordinary shares in Triad, representing 1.9% of the issued ordinary share capital. Rigg was named as a non-executive director of the company in 2020. Read More

Pantheon Resources accepts and pays for 39,540 acre Alaska lease

1st Jun 2023 13:43

(Alliance News) - Pantheon Resources PLC on Thursday said it has accepted and paid for the award of 39,540 acres from the State of Alaska Department of Natural Resources. Read More

IN BRIEF: Cadence investee Evergreen finds large-scale lithium targets

1st Jun 2023 13:39

Cadence Minerals PLC - London-based early stage investment and development company within the mineral resource sector - Says investee Evergreen Lithium Ltd has identified large-scale lithium pegmatite targets during a geochemical programme at Bynoe project 50 kilometres south of Darwin, Australia. Cadence is Evergreen's largest shareholder with an 8.7% stake or 15.8 million shares. Soil samples at Bynoe show significant NE-trending lithium anomalism, extending previously identified lithium anomalies and revealing two broad NE-trending zones. These host multiple lithium pegmatite targets. Geochemical sampling and mapping are underway to further define existing and additional targets. Geophysical ambient noise tomography survey data has been received and interpretation is in progress. Read More

IN BRIEF: Challenger extends date for sale of Cory Moruga to Predator

1st Jun 2023 13:37

Challenger Energy Group PLC - Caribbean and America-focused oil and gas company - Reaches mutual agreement with Predator Oil & Gas Ltd to extend the date for the sale of the Cory Moruga, in Trinidad, Read More

IN BRIEF: Blue Star announces new Pendulum blockchain bridge release

1st Jun 2023 13:36

Blue Star Capital PLC - Crawley, England-based investment company focused on e-sports, payments and technology - Notes announcement by Pendulum that its Spacewalk 'blockchain bridge' is now live on SatoshiPay's Amplitude network. Pendulum was incubated by SatoshiPay, a Berlin-based instant payment company in which Blue Star owns a 27.9% stake. Spacewalk is a decentralised 'bridge' connecting blockchain networks Stellar and Polkadot. Blue Star says Pendulum intends to advance foreign exchange trading into the blockchain sector and hopes that Spacewalk will provide the stablecoin liquidity needed. In the future it hopes to extend Spacewalk to other blockchain networks like Cosmos and Ethereum. Read More

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