Headlines from the Proactive UK newsroom.
A Bankable Feasibility Study (BFS) has valued Salt Lake Potash’s (LON:SO4) Lake Way project at £259mln based on production of 245,000t per year.
Oil rig contractor ADES (LON:ADES) has won its second deepwater drilling campaign in the Egyptian Mediterranean area. The rig will drill the "Nigma 1" well on a contract scheduled to last 73 days.
Supermarket Income REIT (LON:SUPR) has acquired another Sainsbury's supermarket. The trust has bought the supermarket chain’s store in Cheltenham from Legal & General for £60.4 million on a net initial yield of 5.25%.
Peppa Pig could be heading for the naughty step after Entertainment One saw revenues fall by 7% in its latest quarter while underlying profits dropped by 23%. US toy maker Hasbro recently agreed to buy Peppa’s owner Entertainment One for £3.3bn
Dyson has scrapped plans to build an electric car. The vacuum cleaner maker said the project was not commercially viable.
Financial derivatives group TP ICAP has paid £15.4mln to settle an investigation by the FCA into trades undertaken between 2008 and 2011. Staff in Global Broking and Compliance acted without due skill, care and diligence said the regulator while there were delays in the delivery of recordings of trades.