Glencore (LON:GLEN) confirmed that it is not in active consideration of an offer for Eurasian Natural Resources (LON:ENRC).
“Glencore however reserves its rights to make an offer in the future with the consent of the Takeover Panel, with the recommendation of the Board of ENRC, in the event of a third party offer for ENRC, or in the event of a material change in circumstances,” said Glencore.
Sainsbury’s (LON:SBRY) announced that total sales in the first quarter were up 7.3 percent. Like for like sales rose 4.8 percent.
“We've delivered a solid sales performance, in line with our expectations, in spite of the continued tough consumer environment,” said chief executive Justin King.
Amec (LON:AMEC) has won a contract from the Marine Well Containment Company (MWCC) to design and deliver components of MWCC's expanded containment system.
AMEC's recent acquisition, qedi, will be supporting AMEC on the integrated completions and commissioning services.
Rio Tinto (LON:RIO) is accelerating its iron ore expansion programme in the Pilbara region of Western Australia with US$676 million of funding for early works and procurement. As a result, capacity expansion to 333 million tonnes a year (Mt/a) will now be reached in the first half of 2015, six months earlier than planned.
HICL Infrastructure (LON:HICL) has acquired an interest in the South Ayrshire Schools PPP Project from subsidiaries of Carillion plc, Lloyds Banking Group plc and Cyril Sweett Group plc. The total consideration paid by the Group for the interest was £15.75 million.
St. Modwen Props (LON:SMP) has signed a £20 million pre-let and development deal for a new 135,000 sq ft facility at Teal Park, Lincoln, with Siemens on a 12 year lease.
Aurelian Oil & Gas (LON:AUL) said that the Trzek-3 well is making good progress with the company having uccessfully set the cemented liner and the well will now be fracced and tested during July and August.
The first well on its Biesczcady concession is now drilling ahead after the Operator, PGNIG, over-came some pressure related well integrity problems. The well continues to provide encouraging signs in the short term flow tests carried out in the secondary targets, said Aurelian.
Stratex International (LON:STI) announced a maiden JORC resource assessment for the Muratdere multi-metal porphyry copper-gold project in western Turkey. The assessment gave it an inferred resource of at least 51 million tonnes grading 0.36% copper, 0.12 g/t gold, 2.40 g/t silver, 0.0125% molybdenum, and 0.34 ppm rhenium.
Lonrho (LON:LONR) has completed a share purchase agreement to acquire a 51% equity interest in seafood wholesaler Fish On Line.
Frontier Mining (LON:FML) has closed a copper off-take agreement along with associated funding with Red KiteMine Finance. The offtake agreement is for four years from commencement of production and the funding is for US$10 million of which US$5 million has already been received.