Top stories from the Proactive Investors UK newsroom.
Rockhopper Exploration has agreed to sell its Egyptian assets to United Oil and Gas (LON:UOG) for US$16mln. The key asset changing hands is a 22% working interest in the Abu Sennan concession. United says it will fund the deal through a share issue.
Seeing Machines’ (LON:SEE) driver safety monitoring platform has been selected to go into more models by a top but unnamed German car maker. The equipment will have variants consistent with the incoming European New Car Assessment Programme protocols.
Online gaming platform Nektan (LON:NKTN) is to enter the African market through a tie-up with Betika and BetLion, two of the continent’s leading online bookmakers.
Poor British weather has taken the fizz of out sales of Fevertree tonics. Revenue rose 13% to £117mln in its latest full year but were held back by the UK which only saw a 5% increase.
Lloyds Bank is to pay Standard Life Aberdeen £140mn to settle their dispute over a £100bn fund management contract. A tribunal told the bank in March it could not end the contract, which will now stay with the fund manager for a further three years.