Headlines from the Proactive UK newsroom.
Kavango Resources (LON:KAV) has announced this morning its hit disseminated sulphide mineralization during drilling at their Kalahari Suture Zone Project in Botswana. Drilling on the third and last target is currently in progress.
Aggregated Micro Power (LON:AMPH) has recommended a 90p per share cash bid from Madrid-based renewable infrastructure fund Asterion. The bid values the biomass group at £63mln and is a 32% premium to last night’s close.
Quadrise (LON:QFI) has signed a Material Transfer & Cooperation Agreement with a Morocco-based chemicals and mining group. The two will carry put a pilot test of Quadrise’s alternative shipping fuel at a site in the country.
Woodbois (LON:WBI) has signed an MOU for all of its timber production in Liberia. A formal agreement is expected to be signed in January and will generate what the firm describes as ‘material additional revenue’.
Japanese retailer Aeon is to partner with online grocer Ocado to set up a grocery delivery service in Japan. Aeon is one of the country’s longest-established retailers with over 21,000 stores.
Investec’s asset management business has been rebranded as Ninety-One ahead of its demerger next March. The separation will be implemented by way of a demerger of Ninety-One to a new dual-listed company structure.
HSBC and Santander have been told to refund overdraft fees after a failure to warn customers they were going into the red. HSBC will repay £8mln to 115,000 customers, while Santander has yet to say how many of its customers were affected.