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Shareholders in bill payments-to-ATMs group Payzone (PAYZ:AIM) have voted to remove chief executive John Nagle and chief financial officer John Williamson. The majority decision concludes a high-profile leadership battle following the creation of Payzone last December from the merger of... READ MORE >>

Oil & gas firm Northern Petroleum’s (NOP:AIM) six drilling targets in the Adriatic are now ascribed potential reserves of more than six billion barrels when an earlier assessment had put them closer to two billion. The upgrade follows an independent appraisal by Blackwatch... READ MORE >>

Both are Guernsey-incorporated highly leveraged investors in the US mortgage-backed securities (MBS) market. But luckily for London investors the one in serious trouble – Carlyle Capital Corporation – is quoted in Amsterdam, while London-quoted Prodesse (PRD) looks... READ MORE >>

The British bio-fuels industry could prove a short-lived phenomenon despite the initial hype surrounding the market. Last year Teeside-based Biofuels bit the dust and bio-ethanol producer D1 Oils (DOO:AIM) is currently going through its own crisis despite the £80 million deal with BP... READ MORE >>

The appointment of Stuart Rose as executive chairman of Marks & Spencer (MKS) has annoyed corporate governance, tied him to the business until 2011 and started speculation about his successor, with the FD Ian Dyson now the favourite candidate. M&S is rumoured to be suffering from... READ MORE >>

Côte d’Ivoire hopes that Randgold Resources’ (RRS) plans to develop the Tongon gold project will convince the world’s major metals and minerals producers that the country is safe to do business following a civil war between 2002 and 2007. Leon Monnet, Ivorian... READ MORE >>

Emerging markets asset manager City of London Investment Group (CLIG:AIM) has continued to perform against a difficult backdrop. In line with European and US equity markets, emerging equity markets have come off, albeit by less, since the problems with the credit industry began to emerge... READ MORE >>

The latest profits warning from Photo-Me International (PHTM), the fourth in just over a year, underlines the basic problems facing the company. Last year the group failed to sell its vending division, while the most recent warning is down to a decline in sales. The share buyback programme ... READ MORE >>

This week’s in-line trading statement from Anite (AIE) confounded the sceptics, who were convinced a third profit warning would emerge, following the alerts issued in September and November. However, chief executive Steve Rowley did say the full-year figures still hinge on the final... READ MORE >>

Training group Carter & Carter (CART) has gone into administration after talks collapsed over potential restructuring of its... READ MORE >>

The shares in British Airways (BAY) tumbled 8% to 245p after it admitted that higher fuel costs and an economic slowdown would eat into its operating margin for the coming fiscal year. Against the current year’s target of 10%, the UK’s largest airline is forecasting an... READ MORE >>

Aerospace and defence systems maker Cobham (COB) is mulling over plans to sell its aviation services division. Stockbroker Evolution says growth is modest, with profits up £2 million at £22 million, and wonders whether the division still fits as Cobham moves more into the US and into ... READ MORE >>