Company News
Deutsche Bank stock falls despite reporting jump in Q1 profits
Deutsche Bank stock fell 3% on Friday despite reporting a big jump in profits as its topline continued to shrink, resulting in a lower full-year outlook for the latter.
Uber seeks valuation of up to $90bn at IPO
Ride-hailing company Uber will unveil the terms for its initial public offering on Friday and it’s reportedly seeking a valuation of between $80bn and $90bn, according to reports.
Slack files for unusual direct NYSE listing
Slack submitted its plans to the US Securities Exchange Commission to go public through an unusual direct listing on Friday, avoiding the more traditional initial public offering format.
Globalworth buys two office complexes in Poland
Globalworth Real Estate announced a conditional agreement for the acquisition of two investments in Poland, which were identified as part of its acquisition pipeline announced on 11 March, for a combined transaction value of €113. 2m on Friday.
Eden Research confirms emergency use authorisation for 'Cedroz' in Italy
Biopesticide developer Eden Research announced on Friday that its commercial partner, Eastman Chemical Company, has received a 120-day ‘emergency use’ authorisation for its nematicide formulation, marketed as ‘Cedroz’ by Eastman, from the Italian Ministry of Agriculture.
Reabold confirms start of appraisal well drilling at West Newton
Reabold Resources announced on Friday that drilling operations had begun at the West Newton A-2 appraisal well, onshore UK.
Podcast platform Audioboom confirms rumours of fresh fundraising
Audioboom responded to recent online commentary on Friday, after rumours circulated that the podcasting company was mulling an equity fundraising.
PPHE Hotel Group investment acquires Serbian asset
Hospitality and real estate group PPHE Hotel has acquired a stake in 88 Rooms Hotel via its majority shareholding in Arena Hospitality.
FairFX climbs after strong annual and Q1 revenue growth
FairFX Group said it has started 2019 strongly as first quarter revenue growth exceeded expectations, while full-year results showed double-digit profit and revenue growth.
Van Elle makes 'good' progress with transition plan
Geotechnical engineering company Van Elle continued to make "good progress" on its transition plan in terms of improved operational efficiency and a "more effective commercial approach".
Bidstack confirms it's considering a fundraising
Digital advertising group Bidstack confirmed on Friday that it is considering raising funds through a placing of new ordinary shares following indications of interest from a number of potential investors.
Renault said to woo Nissan with joint holding company proposal
Renault is to propose the creation of a joint holding company to Japanese partner Nissan, according to a report from Japan's Nikkei newspaper on Friday.
Angle's Parsortix system used in more groundbreaking research
Liquid biopsy company Angle announced on Friday that its ‘Parsortix’ system has been utilised in further groundbreaking new cancer research, demonstrating the role of myeloid-derived suppressor cells (MDSCs) as part of large circulating tumor cell (CTC) clusters, which are 50x more likely to generate metastasis than single CTCs, for the first time.
Inspirit Energy reviews development of microCHP boiler
Micro combined heat and power (mCHP) boiler developer Inspirit Energy Holdings updated shareholders on Friday, following a strategic review of operation and product development.
ECR Minerals buoyant on drilling at Black Cat prospect
Precious metals exploration and development company ECR Minerals announced the findings of the reconnaissance rotary air blast (RAB) drilling programme recently completed at the Black Cat gold prospect, in the Bailieston gold project area (EL5433) in Victoria, Australia.
Armadale Capital makes decent progress at Mahenge Liandu
Natural resources investment company Armadale Capital updated the market on progress at its Tanzanian Mahenge Liandu graphite project, including the definitive feasibility study, on Friday.
Serinus confirms the start of gas production at Moftinu
Serinus Energy announced on Friday that production has commenced at the Moftinu Gas Plant in Romania.
LXi buys a gym and a garden centre, sell off social housing
Specialist inflation-protected very long income real estate investment trust LXi REIT announce a number of accretive acquisitions and profitable disposals on Friday.
Roche extends Spark merger timeline to give US government more time
Roche announced on Friday that it has withdrawn its premerger notification and report form under the US Hart-Scott-Rodino Act, in connection with its pending acquisition of Nasdaq-listed Spark Therapeutics, relating to its previously-announced tender offer to purchase all of the outstanding shares of common stock in Spark for $114. 50 per share.
ReNeuron upbeat on early data from retinitis pigmentosa trials
Cell-based therapeutics developer ReNeuron Group announced updated positive preliminary data in its ongoing phase 1 and 2a clinical trial of its human retinal progenitor cell (hRPC) therapy candidate in the blindness-causing disease, retinitis pigmentosa (RP), on Friday.