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Feb 4 (Reuters) - British industrial group Lonrho Plc said it would post a net operating loss for 2012 as there were delays in the delivery of certain contracts and implementation of some projects in its core agribusiness. Lonrho, an industrial group with interests in Africa that operates
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Anglo American: Deutsche Bank reduces target price from 2700p to 2600p, buy recommendation unchanged. Chemring: Credit Suisse reduces target price from 330p to 210p, neutral rating kept. CRH: UBS raises target price from 1110p to 1140p, neutral rating unchanged. Daily Mail and General Trust: Deut
Read moreAfrican conglomerate Lonrho is up following the appointment of a chief executive for its agribusiness division. Ben Ward brings extensive experience in global supply chains and dealing with multinational retail customers and will be running the division's day-to-day operations. Agribusiness accoun
Read moreAfrican Barrick Gold: Deutsche Bank raises target from 510p to 540p, hold rating kept. African Minerals: Deutsche Bank cuts target from 708p to 610p, buy rating kept. Allocate Software: N+1 Brewin downgrades to hold, target cut from 94p to 80p. Babcock: Investec raises target from 970p to 100p, b
Read moreJog Dhody, the Chief Financial Officer of Regenersis, a consumer electronics repair specialist, bought a stake in the firm on Tuesday, opening his account on the same day it posted a 24 per cent rise in operating profits. Dhogy, who joined the board in March of this year, purchased 155,987 shares
Read moreAfrica-focused investment company Lonrho said that its Oceanfresh Seafood Division has been granted the exclusive fishing rights for tuna in the 12-mile territorial waters and the 200-mile Exclusive Economic Zone (EEZ) in Mozambique. Lonrho deals in the infrastructure, hotels, support services and
Read moreSareum, a specialist cancer drug discovery business, has entered into a four million pound Standby Equity Distribution Agreement (SEDA) with YA Global Master, an investment fund to provide a flexible source of future funding to the company to support its on-going drug research activities. It will a
Read moreStaffline Group, a recruitment organisation focused on the food processing, manufacturing, e-retail and logistics sectors, has acquired certain assets from DKM Driving, which specialises in the provision of temporary drivers to a number of corporate customers in the Midlands area. The acquisition is
Read moreSynthetic fuels company Oxford Catalysts jumped on Tuesday after the firm said it had been selected to supply technology to the GreenSky London waste-biomass to jet fuel project. GreenSky London has been established to create Europe's first commercial scale sustainable jet fuel facility. Its leadin
Read moreLonrho, the sub-Sahara focused investment company has sold off its airline division in an all-share deal worth 85.7m dollars. The airline will be acquired by an outfit called Rubicon Diversified Investments and renamed Fastjet. Rubicon has paid for the investment by issuing shares to Lonrho amount
Read moreVideo search engine company blinkx has announced a partnership with Digital Syphon, a provider of audio/video analytics technologies, to power meta-data creation for its Sonic Cloud offering, an online analytics platform. Under the agreement, the blinkx MetaExtractor will power meta-data creation fo
Read moreSpanish stocks plunged to a nine-year-low and its borrowing costs rose as traders refused to believe Mariano Rajoy's claim that Madrid could salvage its banks without a bail-out. At a press conference designed to reassure markets after the 19bn euro nationalisation of Bankia, the prime minister admi
Read moreAfrican investment firm Lonrho saw top-line growth across all of its divisions in the final three months of 2011, capping a year in which management focused on developing each division's infrastructure. Revenue in the final quarter of 2012 rose 67% to £46.1m from £27.5m a year earlier, with like-fo
Read moreInterContinental Hotels: Deutsche Bank upgrades to buy from hold. Fresnillo: Deutsche Bank upgrades to buy from hold. Antofagasta: Deutsche Bank downgrades to hold from buy. ARM Holdings: Citi reiterates buy. Capita: Panmure Gordon downgrades from hold to sell, target cut from 700p to 560p. Mor
Read moreJean Claude Juncker, the head of the Eurogroup, said all 27 European Union finance ministers, including George Osborne, would talk together in the afternoon to approve or reject extending the funds to the IMF as agreed in Brussels by December 19. The loans would be used by the IMF to support struggl
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