News

Plant Impact, which develops technology to improve crop production, signed a five-year agreement to market three of its products in the US.

The deal has been struck with US firm Miller Chemical & Fertilizer Corporation, which will market and distribute the products.

The agreement has already resulted in the booking of orders worth $100,000.

Pan African announced that eight major gold-in-soil anomalies have been delineated on the Dekoa licence area in Central African Republic (CAR).

The Dekoa gold project represents three exclusive exploration licence area, covering approximately 3,000km2 of prospective greenstone belt.

Due to the results, Pan African has together with its joint venture partner CARGold concluded a 25-year mining convention with the Ministry of Mines, Energy and Water Affairs in CAR.

Mobile content distributor Vimio suspended its shares after it warned there is "significant uncertainty" on whether it can recover money from its debtors.

"Despite aggressively pursuing the company's considerable trade debtors, material amounts remain outstanding at this time and the directors believe there is significant uncertainty regarding their recoverability," said the group.

The group also said the subscription by Mr Al Ammar for new ordinary shares cannot proceed since the group has not received the subscription monies.

Shares in Aim Resources fell after the miner said results from the four Electromagnetic anomalies drill tested in the Perkoa deposit in Burkina Faso did not "show significant grades". The group only managed to drill four of the six wells because of heavy rainfall.

Fruit producer Fyffes and industrial holding group DCC have settled their court dispute. Fyffes said it will receive €37.6m under the settlement.

Bus manufacturer Darwen Holdings surged ahead after it signed two significant contracts for bus orders with a combined value of over £5m.

Waste management firm Helsi saw pre-tax profit rise to €7m from €5m previously on revenue that surged 42% to €50m.

Cosmetic firm Chromogenex received the required medical device licence to sell its Chromolite-S product in Canada.

"Having taken immediate action to remedy the situation, the board expects the deferred sales now to contribute to the financial year ending 31 December 2008," it said.

Coating technology specialist Hardide said its chief executive officer Jim Murray-Smith resigned on April 11th. Robert Goddard, the current chairman of Hardide, will assume the role of executive chairman until a suitable replacement for Murray-Smith is found.

Meanwhile retailer Alexon Group said John Osborn will be retiring as chief executive later this year and will be replaced by Jane McNally.