News And Announcements
Clinigen's 'Totect' gets US FDA approval
Global pharmaceutical and services company Clinigen Group confirmed it had obtained approval from the US Food and Drug Administration for its ‘Totect’ dexrazoxane hydrochloride product on Monday, alongside Cumberland Pharmaceuticals.
Silence Therapeutics pleased with fitusiran progress
Serious disease treatment developer Silence Therapeutics updated the market on one of its patent-protected products on Monday, noting a release from Alnylam Pharmaceuticals on Friday which stated it was working with Sanofi Genzyme to initiate a phase 3 programme for the investigational ‘fitusiran’ treatment in patients with hemophilia A and B, with or without inhibitors.
Pennant 'on track' to delivery on expectations
Integrated training and support solutions provider Pennant International Group updated the market on its trading on Monday, ahead of the announcement of its interim results for the six months to 30 June, which were scheduled to be released on 11 September.
Flowtech Fluidpower gobbles up Orange County Limited
Specialist technical fluid power products supplier Flowtech Fluidpower announced what it described as the “further strengthening” of its process division through the acquisition of Orange County (OCL) on Monday.
Premaitha signs with two South East Asia labs
International molecular diagnostics group Premaitha Health announced on Monday that it signed contracts with two “significant laboratories” in South East Asia through its Taiwanese subsidiary, Yourgene Bioscience.
TP Group raising £24m for acquisitions
Services and engineering company TP Group announced a conditional fundraising on Monday, comprising a £20m firm placing and an up-to-£3. 9m open offer to raise up to £23. 9m, in aggregate, by the issue of up to 368,044,411 new ordinary shares at the issue price of 6. 5p per new ordinary share.
Egdon buys Fiskerton field for £0.6m
Egdon Resources announced the acquisition of the producing Fiskerton Airfield oil field in Lincolnshire licence EXL294 on Monday, confirming it would acquire a 100% interest in, and operatorship of the Fiskerton Airfield oil field from Cirque Energy for a cash consideration of $0. 75m (£0. 58m), payable from existing cash resources upon completion.
Caledonia reports fatality at Blanket mine in Zimbabwe
Caledonia Mining has announced a fatality at its Blanket mine in Zimbabwe in a mining-related accident on 7 July.
Abercrombie tanks as it ends talks over potential deal
Shares in Abercrombie & Fitch tanked in pre-market trade after the clothing retailer said it has terminated discussions regarding a potential transaction.
JPMorgan sees bags of potential from Royal Mail but trims target
JP Morgan Cazenove cut its price target for Royal Mail shares as it shares the market's newfound caution on the UK consumer outlook.
Carillion CEO falls on sword as dividend suspended over profit warning
Carillion's chief executive has resigned as the construction support services company suspended its 2017 dividend and promised to carry out a strategic review as it warned profits would be lower and debt higher than expected.
Bain, Cinven to sweeten Stada offer to €66.25 a share
Stada said on Monday that private equity firms Bain Capital and Cinven are prepared to raise their offer for the German pharmaceutical group.
Stadium Group meets first half expectations
Connectivity solutions, power supplies, interface displays and electronic assemblies supplier Stadium Group updated the market on its trading for the six months to 30 June on Monday, confirming it was in line with management expectations.
Savannah Resources raises £1.3m in placing
Savannah Resources announced on Monday that it raised approximately £1. 3m before expenses through the subscription of 25,085,954 new ordinary shares at a subscription price of 5. 25p per ordinary share, and the issue of one warrant per two subscription shares, having an exercise price of 6. 0p, with both new and existing investors.
Camden Market blaze under control, no injuries reported
Market Tech, the owner of Camden Lock Market, said on Monday that the fire which tore through a building overnight has been isolated and limited damage has been caused.
Columbus upbeat after strategic review
Onshore Trinidad-focussed oil and gas producer Columbus updated the market on its trading on Monday, confirming its new leadership team had completed its initial review of operations in Trinidad and its cost base across the company.
Cobham appoints ex RAF deputy commander as strategic adviser
Cobham has appointed former deputy commander of the Royal Air Force, Air Marshall Greg Bagwell, as strategic adviser.
Premier Technical increases revolving credit facility with HSBC
AIM-listed Premier Technical has increased its revolving credit facility with HSBC to £12m from £10m, with an unchanged expiry date of September 2020, while its overdraft facility has been upped to £8m from £4m.
Michelmersh wins Battersea Power Station contract
AIM-listed Michelmersh Brick has won a contract to supply Battersea Power Station with 440,000 purpose-made, wire-cut bricks, which are being produced at its Blockleys plant in Shropshire.