News And Announcements
Arian Silver announces £0.6m fundraise
Arian Silver Corporation raised £0. 6m before expenses, it announced on Thursday, though the placing of 120 million units of 0. 5p each.
Range Resources ending ADR programme
Range Resources announced its decision to close its American Depositary Receipt programme on Thursday, which would take effect from 1700 New York time on 7 August.
Sales reach helps push CyanConnode
Narrowband radio mesh network company CyanConnode described its first half as “busy” on Thursday, saying in a trading update that a number of key existing relationships were “strengthened” during the period, and its global reach was “enhanced”.
Lansdowne, Exola get extension at Barryroe
Independent offshore-Ireland focussed company Lansdowne Oil & Gas updated the market on Standard Exploration Licence 1/11, which contains the Barryroe oil accumulation, on Thursday, saying that it and its partners had been granted a two-year extension to the term of the first phase of the licence, to July 2019.
Genedrive posts solid revenue growth
Near-patient molecular diagnostics company Genedrive said group revenue in its full year was up at £5. 8m, against £5. 1m in the prior year, with diagnostic-related revenue of £3. 2m compared to £3. 1m.
Ofcom to set up separate unit to monitor BT's Openreach
Regulator Ofcom said on Thursday that it will establish a separate unit to monitor the performance of BT's broadband network operator Openreach.
Government launches Brexit repeal bill amid fierce opposition
The government has published the 'great repeal bill' to convert the European Union's laws into British law, which is designed to provide legal continuity after separation from the bloc is completed in 2019 and to give parliament the power to make changes.
Mercia Technologies invests £2m in virtual reality company
AIM-listed national investment group Mercia Technologies has completed a £2m follow-on investment into nDreams Limited, a UK-based independent developer and publisher focused on virtual reality gaming and experiences content.
Haydale confirms David Banks as its new chairman
Nanomaterials group Haydale Graphene announced the appointment of David Banks as its non-executive chairman with immediate effect on Thursday.
Thalassa ends talks to dispose of WGP Group
Thalassa updated the market on its discussions to dispose of WGP Group on Thursday, saying it had received proposals from the interested third party, but they did not reflect the consideration that had been discussed during negotiations.
Sports Direct takes 26% stake in Game Digital
Sports Direct has bought 44m shares in video game retailer Game Digital, equivalent to a stake of 25. 8%, just weeks after a profit warning sent the stock tumbling more than 30%.
Go-Ahead's GTR to fund £13.4m improvements after Southern strike chaos
Rail franchise holder Govia Thameslink Railway will fund a raft of performance and passenger improvements worth £13. 4m, it announced on Thursday, as a direct implication of the ongoing industrial action on its Southern routes.
Proxama extends contract with Canadian bank for another year
Mobile location data and intelligence company Proxama’s contract for location technology with a “major” North American bank was renewed for another 12 months, it confirmed on Thursday.
British pub sales froth back up despite consumer squeeze
Pub and restaurant sales bubbled higher in June after squeaking lower the month before, with data indicating an evening's boozing remains a priority for consumers amid the squeeze on household income and wider uncertainty.
AstraZeneca CEO Soriot being lured to generic giant Teva - report
Shares in AstraZeneca were under pressure on Thursday following reports that chief executive officer Pascal Soriot will soon part company from the drug developer to join Israel's Teva Pharmaceuticals.
N Brown to compensate customers after identifying 'flawed' insurance
N Brown Group said it would take a £35-40m one-off charge this year to cover expected customer compensation after finding it had sold 'flawed' product protection insurance to customers between 2006 and 2014.
Belvoir Lettings makes £2m acquisition, founder steps down as CEO
AIM-listed Belvoir Lettings said on Thursday that it has acquired Barnsley-based Brook Financial Services for a total consideration of £2m as it announced that founder Mike Goddard will be standing down as chief executive officer with immediate effect.
WPP to buy German creative agency
Advertising giant WPP has agreed to buy German creative agency thjnk AG.
Marlowe enters hygiene business with Ductclean acquisition
Support services group Marlowe has agreed to acquire Ductclean for a total enterprise value of up to £10m, it announced on Thursday.