Jon has been reporting on stock markets for over twenty-five years for audio text companies (remember them?!), newswires, and websites. He helped set up MarketEye News for ICV/Topic in the 1990’s before moving on to become a Markets reporter at AFX News. After over 10 years, which saw him rise to the dizzy heights of Markets Editor at AFX, the firm’s acquisition by Thomson Corp and subsequent takeover of Reuters, he moved on in 2012. Prior to Proactive Investors, he was News Editor for thisismoney.co.uk, the Mail Online’s financial website.
WideCells is aiming to be a major supporting player through its development of a stem cell storage business and, having only listed in London last July, its newsflow so far looks to be pointing the way
The group reported a 127% increase in royalty income for the full-year to December 31 to £19.7mln, up from £8.7mln in 2015.
The FTSE 100-listed firm said: “First half revenues and earnings per share are expected to be up strongly at actual exchange rates, driven by the benefit of currency translation"
Genel's revenues dropped to US$190.7mln for the full-year to December 31 2016, down from US$243.9mln in 2015, as production fell to 53,300 barrels per day, down from 84,900 in 2015
In a note to clients, the US broker’s analysts raised their rating from ‘equal-weight’ after upping their target price for shares WPP to 1,975p from 1,900p
The broker said: “Cash and cash equivalents amounted to $2.6m at the period end and COPL’s short term focus remains on matters including working with ExxonMobil to assess results from the previously-drilled Mesurado-1 well offshore Liberia
Michael McNeilly, Metal Tiger’s chief executive officer said: “We are extremely pleased with the strong demand for this Offering, which was oversubscribed and brings new long term institutional shareholders on to the shareholder register”
The group said the contract, which is now underway, was awarded after a lengthy competitive tender process and is for an initial three-year term