Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Proactive news snapshot: Sirius Minerals, Ferrum Crescent, FFI Holdings …

A glance at some of the day's highlights from the Proactive Investors newswire
Your daily round-up from the world of Proactive

Sirius Minerals PLC (LON:SXX) is confident production of polyhalite at the York Potash project will start on time and on budget. A quarterly update indicated there had been some delay to excavation of the mine, called Woodsmith, due to the weather in Yorkshire, but Sirius is confident it can make up the time lost.

Ferrum Crescent Limited (LON:FCR), the European lead-zinc explorer, has announced the appointment of Colin Bird as a non-executive chairman, with immediate effect. The AIM listed group said Grant Button, its interim non-executive chairman, will resume his former role as non-executive director.

FFI Holdings Plc (LON:PLC) has broadened the scope of its insurance business with the acquisition of a motorsports events  specialist and expects to announce another deal this month. Subsidiary Reel Media, which FFI acquired in December, has bought the business from US broker All Risks for US$1.83mln.

Telit Communications Plc (LON:TCM) revealed that the tax  case relating to its Italian business has reared up again. Last summer, the industrial Internet of Things specialist won a court battle with the Italian tax authorities when the latter's appeal against the annulling of three VAT assessments for Tallit’s Italian business was rejected. Now it has emerged that the country's authorities have submitted appeals to the Italian Supreme Court, after two tiers of lower level court found in Telit's favour.

African Potash Ltd (LON:AFPO) furthered its entry into game-changing blockchain technology - striking a deal on a joint venture with Gibraltar firm TokenCommunities Limited. The group said this will complement the FinComEco joint venture struck in November and will bolster its plans to operate a range of platforms and projects in the agricultural commodity markets sector in sub-Saharan Africa.

Oracle Power PLC (LON:ORCP) is to take full ownership of the company that owns the mining lease for the Thar coal to power project in Pakistan. Anthony Scutt, Oracle’s chairman, said: "The move to 100% ownership of SCEL is a material development for Oracle, clearing a significant hurdle as the Company moves to financial close.

Goldplat plc (LON:GDP) has made a breakthrough in its dispute with Rand Refinery - as the pair have agreed a proposed full and final settlement.

Marketing services group The Marketing Group PLC (NASDAQ OMX:TMG) has further trimmed its portfolio of companies. Creative Insurgence, a specialist in marketing for bars, clubs and restaurants, is being sold back to co-founder Aaghir Yadav, who will return 900,000 ordinary shares in the company as part of the deal, the firm said in a statement.

Ortac Resources has changed its name to Arc Minerals Ltd (LON:ARCM) with immediate effect.  The company's new ticker will be ARCM.LN and trading under the new name is expected to commence on or around 22 January 2018.

Advanced Oncotherapy (LON: AVO), the developer of next-generation proton therapy systems for cancer treatment, has announced that yesterday Dr Enrico Vanni, a non-executive director of the company purchased 40,000 ordinary shares at a price of 54.5p each. Following this transaction, Dr Vanni now holds 1,263,946 ordinary shares, representing 1.56% of the issued share capital.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use