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Investor Update: Anglo Asian identifies multiple targets around Gedabek mine

Top stories from the Proactive Investors UK newsroom.

Anglo Asian Mining PLC (LON:AAZ) has identified multiple targets from an aerial survey of the land surrounding its Gedabek mine in Azerbaijan. Grab sampling at one of the shallow targets, Zehmet, contained grades of 43 and 95 g/t of gold.

Nu-Oil’s (LON:NUOG) joint venture MFDevco has signed a collaboration agreement with engineering giant Petrofac to develop stranded offshore gas resources as a source of electricity. The companies will work together to engineer, deliver and operate the gas to wire facilities.

Futura Medical (LON:FUM) has completed patient recruitment for the first European Phase 3 study of its fast-acting erectile disfunction treatment. Headline data from the study is expected by the end of the year.

Hotel group Whitbread says Brexit uncertainty has taken a toll on domestic hotel demand, particularly in the regional business market, where most of its Premier Inns are located.

Berkeley Group has repeated its forecast that profits this year will fall by about a third. The estimate follows a 20% drop in profits in the year to March at £775mln though this was at the top end of the housebuilder’s expectations.

British Airways owner IAG has given Boeing a substantial boost by ordering 200 of the troubled 737 Max jet.  The entire 737 Max fleet has been grounded since March after a second fatal crash but IAG chief executive Willie Walsh said he had every confidence the plane would return to service in the coming months.

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