Company News
Osirium teaming up with EB2BCOM in Asia Pacific
Cyber-security software-as-a-service provider Osirium Technologies announced a new partnership with EB2BCOM, to take its privileged access management product to the Asia Pacific region, on Tuesday.
Azerbaijan embroiled in allegations of secret £2.2bn slush fund
Azerbaijan, the oil-rich former Soviet state, has been laundering money through the UK, an investigation has revealed, with a secret £2. 2bn fund to pay off European politicians.
International growth boosts Stadium Group revenues
Integrated technologies provider Stadium Group announced on Tuesday that group revenues had increased 12. 7% to £27. 4m for the six months ended 30 June.
Dispute over tougher sanctions on North Korea deepens
Imposing tougher sanctions on North Korea over its missile programme would be "useless and ineffective" Russian President Vladimir Putin said on Tuesday, even as the US called for the "toughest sanctions possible".
JJ Traynor appointed CFO of Sound Energy
Africa and Europe-focussed upstream gas company Sound Energy announced the appointment of JJ Traynor as its chief financial officer on Tuesday, with immediate effect.
Lego to cut 8% of workforce as it resets business amid sales drop
Danish toymaker Lego announced plans to cut around 8% of its global workforce as it reported a drop in profit and sales for the first half.
PetroNeft records above average results at Russian well
PetroNeft Resources announced on Tuesday that log and core data collected from drilling at its S-375 project showed the delineation contained 4. 8m and 14. 8m respectively of net oil pay.
OptiBiotix and Tata sign agreement aimed at fighting diabetes
Life sciences group OptiBiotix said on Tuesday it had entered into a scale up and manufacturing agreement with Indian soda ash producer, Tata Chemicals.
Admiral's overseas weakness leads to Berenberg's sinking rating
FTSE 100-listed insurance firm Admiral Group was downgraded by Berenberg Bank on Tuesday after its analysts pointed towards weakness in the company’s international operations.
Redrow profits jump 26% despite slowdown, dividend hiked 70%
FTSE 250 housebuilder Redrow reported a 26% jump in full-year pre-tax profit on Tuesday as it hiked its dividend by 70% and upgraded its guidance.
IXICO signs extension to largest existing contract
AIM-listed digital technologies company IXICO has signed an extension and expansion to its largest existing contract for a Phase II/III clinical trial in Alzheimer's disease.
Time Out buys Spanish licensing partner
AIM-listed Time Out Group has acquired its Spanish licensing partner, 80 MES 4 PUBLICACIONS, for an undisclosed sum.
Falanx upbeat as it launches major new product
Intelligence, security and “cyber provider” Falanx updated the market on its operations ahead of its close period on Tuesday, reporting “significant” new sales contracts with recurring revenue.
IronRidge Resources completes acquisition of Tekton Minerals in Chad
IronRidge Resources has completed the acquisition of Tekton Minerals, owner of a prospective gold exploration portfolio in Chad, ahead of schedule.
Aveva tries again with new Schneider Electric software merger deal
Industrial software specialist Aveva Group has agreed a £3bn merger with the software arm of France's Schneider Electric where the UK company's existing shareholders will own 40% of the business.
Ryanair traffic rises 10% in August
Budget airline Ryanair reported 10% jump in traffic in August on Tuesday as the load factor ticked higher.
RhythmOne to acquire YuMe in $185m cash-and-shares deal
RhythmOne announced on Tuesday that it has entered into a definitive agreement with NYSE-listed YuMe to acquire all of its issued and to-be-issued share capital for a total consideration of $185m based on current exchange rates.
Mereo BioPharma enrolls 270 people in Phase 2b study
UK-based clinical stage biopharmaceutical company Mereo BioPharma announced on Tuesday that it had successfully completed patient enrollment in a Phase 2b dose-confirmation study for its drug BGS-649.
IQE says outlook has 'never looked better'
Welsh semiconductor firm IQE said its outlook had "never looked better" after announcing a £70m increase in turnover on Monday.
Belvoir Lettings profit and revenue rise despite 'challenging conditions'
AIM-listed property franchise Belvoir Lettings reported a sharp rise in profits on Tuesday and said it was on track to meet management expectations for the year.