Tags
Alberta, Balfour Beatty, Brazil, Business, Central bank, Igor Sechin, Roman Abramovich, Rosneft, Russia, Stobart Group, Vladimir Putin, Wall Street
Today’s market overview
Asian stocks were on the rise overnight, buoyed by a rebound on Wall Street, with Japanese shares leading the charge as the yen weakens. Meanwhile Brazil’s central bank has launched a $60bn intervention programme to support the real
KEY STORIES:
International infrastructure group Balfour Beatty (BBY) announced that RIDA Development Corporation has selected Balfour Beatty Construction US as a joint venture partner with WELBRO Building Corporation to build the new, £207m 30-storey Houston Convention Center [sic] Hotel in downtown Houston.
Rare Earth Minerals (REM) has raised £750,000 via a placing in order to build its holding in the Fleur-El Sauz lithium project. Recent drill results intersected significant lithium values in the two targeted areas: the upper and lower clay units and the ten hole programme demonstrated a four kilometre strike length. A maiden resource estimate is now being prepared.
Clean Air Power (CAP) has raised £5m through a placing of 51.9m new common shares at 9.625p apiece. The company highlighted two new strategic investors: Ervington Investments Ltd, whose ultimate beneficial owner is Roman Abramovich, and Zara Shvidler.
Haulier Stobart Group (STOB) said it was trading well despite swings in demand from its retail customers. The Group as a whole has made solid progress in the first half-year, with the Transport and Distribution division performing well, the Estates division achieving realisations at strong values whilst working hard to ensure that its growing air and biomass businesses achieve their potential. Stobart also announced its fourth chairman in seven months – with former Tate & Lyle boss Iain Ferguson taking up the role in October.
Afferro Mining (AFF) revealed it will hold a special meeting with shareholders on September 16 to vote on the takeover bid from AIM-traded iron ore peer International Mining & Infrastructure (IMIC)
Bglobal (BGBL) has appointed KPMG to carry out a strategic review of the group’s business with a view to maximising the value of the company for all shareholders.
Northern Petroleum (NOP) confirmed that a rig will be on-site in November for a proof-of-concept programme at its project in Alberta, Canada. The AIM traded explorer has bought and interpreted 19 kilometres of existing 3D seismic data and this has opened up more drilling opportunities.
MORE COMPANY NEWS:
Igor Sechin, chief executive of Russia’s state-controlled oil giant Rosneft (and key Putin ally), has bought his first shares in the company, accumulating a stake worth $5.5m.
Related articles
- Stobart overcomes weather challenge (manchestereveningnews.co.uk)
- Stobart trading well despite erratic weather (standard.co.uk)
- Balfour Beatty tackles IT simplification through Fujitsu contract (computerweekly.com)
- Balfour Beatty Enlists Fujitsu to Build Foundations for Future Innovation and Growth (sys-con.com)
- Balfour Beatty’s disaster Down Under as mining boom comes to an end (dailymail.co.uk)
- Balfour Beatty’s disaster Down Under as mining boom comes to an end (thisismoney.co.uk)
- Balfour Beatty Rises as UK Construction Rebounds: London Mover – Bloomberg (bloomberg.com)
- GDF SUEZ buys Balfour Beatty’s UK facilities arm for £190m (energyandnuclear.com)
- Balfour Beatty to build Midland Metro extension (globalrailnews.com)
- Balfour Beatty aims to cut IT cost by 25% with shared services strategy (information-age.com)