Market News

BT sells French application development business

BT Global Services has sold its French application development services business to French IT services company Osiatis.

01/06/2012

Clean Energy Brazil sells agricultural assets

Clean Energy Brazil has agreed to sell its entire interest in Unialco M/S to Unialco S/A for $16.5m, subject to the payment of extension fees to be paid on set dates, typically monthly.

01/06/2012

Cosalt agrees extension of short-term credit facility

Cosalt has agreed a further one month for repayment of the short term £1m credit facility provided by Oval.

01/06/2012

Mood Media buys BIS for £22.5m

Mood Media Corporation has announced the acquisition of BIS Group, a provider of audio-visual services in Europe, for consideration of £22.5m in cash.

01/06/2012

Enterprise Inns agrees new £220m bank facility

Enterprise Inns has agreed a new forward start facility of £220m which will begin on expiration of the existing facilities on 16 December 2013.

01/06/2012

Hodgson leaves Matra Petroleum

The board of Matra Petroleum announces that, further to the announcement released via RNS by the Company on 15 May 2012 of Neill Hodgson's intention to resign on 31 May 2012, this has now become effective and Hodgson has now left the Company.

01/06/2012

Condor Resources operating losses rise

Condor Resources posts operating losses of £1.97m for the year to the end of December - up from £502,605 last time.

01/06/2012

Shaft Sinkers board says trading in line with expectations

Shaft Sinkers Group's financial position remains strong and it expect to have a net debt position of £4 million at 30 June 2012, before the receipt of advance payments on our Hindustan Zinc contract.

01/06/2012

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Angel in the red with resources at full stretch

Angel Biotechnology's resources were at full stretch during the 15 months to the end of March and it posts a pre-tax loss of £1.3m against a profit of £193,291 for the year to end of December 2010.

01/06/2012