BP (LON:BP) has agreed its latest asset sale, with a US$775 million deal to sell almost all its interests in Pakistan.
The deal sees the United Energy Group (UEG) buying nine producing and exploration blocks in the Sindh province of Pakistan and four offshore exploration blocks in the Arabian Sea.
British Airways (LON:BAY) said that it will increase its fuel surcharge on longhaul services from Thursday, December 16.
There will be no fuel surcharge increase to any British Airways’ shorthaul services. All longhaul tickets will increase by £10 per sector.
Serco Group (LON:SRP) has been selected as preferred bidder for the prison management contract for the Mt Eden and Auckland Central Remand Centre (ACRP) prison in Auckland, New Zealand.
Ferrexpo (LON:FXPO) has appointed Brian Maynard as the group chief operating officer with effect from 10 January 2011.
Renovo (LON:RNVO), the biotechnology company developing a revolutionary treatment for scarring, said it is on target to report results from a pivotal clinical trial by the middle of next year as it revealed a sharp slowdown in its cash consumption.
The group burned through £13.4 million in the year to September 30, well below previous guidance, which suggested it would use up between £15-20 million.
Gemfields PLC (LON:GEM) achieved revenue of US$19.6 million in the December 6-10 auction held in Johannesburg, a new record for a single auction and exceeding the US$18.7 million generated from the three previous emerald auctions held during the current 2009/10 financial year.
African Aura Mining (LON:AAAM, TSX‑V:AUR) has revealed a successful preliminary economic assessment for the New Liberty gold project in Liberia.
The New Liberty gold mine should provide a good platform for other projects within a potential new gold province, according to Fairfax Securities analyst John Meyer.
Northern Petroleum PLC (LON:NOP) said it is temporarily suspending talks over a reserves-based loan.
It will restart negotiations with the unnamed European bank in the New Year when production at the Wijk en Aalburg gas field in the Netherlands comes on stream.
Leni Gas & Oil (LON:LGO) plans to start an extensive field reactivation programme on the Ayoluengo oilfield in Northern Spain. It expects oil production to rise significantly by April 2011.
Active Energy (LON:AEG) said this morning it has signed a contract with the National Trust to install its VoltageMaster electricity saving product at Penrhyn Castle in North Wales.
Europa Oil & Gas (LON:EOG) is weighing up plans to sidetrack the Barchiz-1 discovery well in the spring.
The company has provided an operational update ahead of today’s AGM. Last week, Europa revealed that it had found oil in Romania with Barchiz-1. However the oil sample was contaminated and further analysis could not be carried out.
Rambler Metals & Mining (LON:RMM, TSX-V:RAB) has had a landmark quarter, during which it saw the first revenues generated from a toll processing agreement and the completion of the Ming copper-gold mine feasibility study.
Stellar Diamonds (LON:STEL) should receive wider recognition for its strong growth profile as the diamond market continues to improve, according to chief executive Karl Smithson.
Northland Capital is looking forward to significant news flow from Stellar Diamonds in the new year.
In a note to clients Northland analyst Andrew McGeary said he was expecting news on Stellar’s key expansion projects, with results from the Tongo kimberlites in Q1 and from Droujba in Q2/Q3.
Fusion IP’s (LON:FIP) partner company Asalus Medical Instruments has successfully raised £510,000 for the development of its first three products.
Red Rock Resources’ (LON:RRR) 5.23 percent owned associate Jupiter Mines Limited (ASX:JMS) has completed the first phase of the drilling programme at the Mt Ida magnetite iron project in Western Australia.
European Nickel (LON:ENK) chairman David Whitehead said that in the circumstances he was very happy that the company has switched its priorities to the Acoje project.
Baobab Resources (LON:BAO) share price would rise by 76 percent if its resources were simply valued at industry averages, according to Edison Investment Research.
Renovo (LON:RNVO) gave a re-assuring assessment of prospects as the growing biotechnology group gears up for a very important year in its development.
The guidance on Juvista, its potential blockbuster treatment for scarring, remains unchanged, which means we will receive the data on the EU phase III REVISE study by the middle of next year.
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LSE news summary: BP, British Airways, Serco Group, Ferrexpo …
