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Oil services firm Expro International (EXR) is believed to be the subject of a £1.3 billion private equity bid. Candover Investments is understood to be behind the offer, although it has refused to confirm or deny the rumours. Expro meanwhile says only that it has received a ‘very... READ MORE >>

Natural resources group Central African Mining & Exploration (CFM:AIM) is to hand over $2 million and an extra 10% of a joint venture to Gecamines, Congo’s state-owned mining company. The deal is in response to a review of all mining licences held by Western operators in the African... READ MORE >>

This week’s interims from Close Brothers (CBG) point to some tricky times ahead for private client wealth managers. Close has a sizeable private client asset management division and gives the first feel for how the private client segment has behaved this calender... READ MORE >>

In the first update on strategy since Tony Hayward took over as CEO, BP (BP.) says it can continue to pump at least four million barrels of oil a day until 2020 – even without new... READ MORE >>

Metals producer European Goldfields (EGU:AIM) has secured first right of refusal for any discoveries made by exploration group Ariana Resources (AAU:AIM). The agreement is part of a joint venture to develop Ariana’s properties in north-eastern... READ MORE >>

The European Space Agency is proving a good source of revenue for Cohort (CHRT:AIM), the rapidly growing defence consultancy and advanced surveillance systems group. Cohort will make a Radiometer costing £12 million to measure radiated energy. The device is a key part of the EarthCARE... READ MORE >>

Last week's shock profit warning drove the shares of CSR (CSR) down by 24% to a three-year low of 324p. The silicon chip designer blamed market share loss at a key client and weaker than expected demand from China for a revenue shortfall in the first half of 2008. Despite the short-term... READ MORE >>

Speculation that private equity giant 3i has decided not to proceed with a bid for healthcare group Nestor (NSR) has prompted the troubled company to issue a statement stressing it remains in discussions with a number of potential suitors. However, there are no certainties an offer will be... READ MORE >>

The decision by the Moss Bros (MOSB) board to keel over to Baugur's indicative bid of 42p has caused angst to members of the Gee and Moss families, who vetoed an offer at 80p only a year ago. However, both David Moss and Michael Gee, who are spearheading the families' efforts to thwart the ... READ MORE >>

The producer of multi-crystalline silicon ingots for the solar energy industry, PV Crystalox Solar (PVCS), has inked a deal with one of its suppliers of polysilicon, the main material it uses in making its solar energy applications. The deal means the supplier will maintain current annual... READ MORE >>