The big news this week was the Chancellor’s Budget in which he instituted a number of important measures, most notably, his headline-grabbing sugar tax. With the government set to introduce a levy on some of our favourite things from 2018, we can still deliver a small dose of sweetness on your Friday through the St Brides Brief. In the Brief this week.
On Tuesday this week it was International Women’s Day, a time to acknowledge and celebrate the accomplishments of women all over the globe. In honour of this, the Weekly Brief pays tribute to the many female pioneers of industry that have helped make history and change the world. We thank you.
As the temperature rises in the American presidential race and here in the UK over the European referendum (though certainly not in the north of the country where it’s snowing in the lead up to spring!), we thought we’d introduce a breath of fresh air in the form of our Weekly Brief, looking at our clients’ news over the past 5 days.
In the Brief this Week
With the Grammys and Baftas this week, followed by the Brits next week and the Oscars not far behind, the award season is well and truly underway. For those tired of reading about the endless speculation surrounding who will win the top prizes, then the St Brides Brief is the one for you, a speculation free zone, as we’re all winners here. “I would just like to thank my mother, my dentist, the dog.”
In the Brief this Week…
Andalas Energy and Power (ADL) had a busy week, announcing a new NOMAD and broker, Board changes and a farm-in agreement for the Tuba Obi East oil and gas concession in Indonesia; FinnAust Mining (FAM) announced positive survey results at its Pituffik Titanium Project in Greenland, revealing that high grade ilmenite extends offshore into the shallow marine environment; Highlands Natural Resources (HNR) was re-admitted to trading on the LSE this week; Hummingbird Resources (HUM) added US$24m and 169,000oz gold to its Yanfolila Gold Project in Mali; MX Oil (MXO) received an eye-catching US$18 million offer for its stake in the Aje Field, offshore Nigeria and provided an update on its four Mexican concessions; Noricum Gold (NMG) announced positive drill results at its Kvemo Bolnisi Project in the Republic of Georgia; Northcote Energy (NCT) completed infrastructure upgrades at the Shoats Creek Field, Louisiana, which has allowed production to commence at the Lutcher Moore #20 well; Plexus Holdings (POS) and its Malaysian JV partner won its first £0.9M well order with Talisman Energy in Indonesia; and Teathers Financial Plc (TEA) has issued an update as it continues to identify development opportunities following its suspension on AIM in December last year.