News And Announcements
Thursday preview: Prudential, DFS and TUI in focus
Thursday stands as the last big hurrah of results season, including numbers from Prudential, Glencore and DFS Furniture, and will see the only major UK macroeconomic data release of the week, in the form of industrial production and the trade balance.
Last patient completes treatment in Motif Bio REVIVE-2 trial
Clinical stage biopharmaceutical company Motif Bio announced on Wednesday that the last patient had completed the treatment phase in REVIVE-2, its second Phase 3 clinical trial investigating the safety and efficacy of iclaprim in patients with acute bacterial skin and skin structure infections (ABSSSI).
Trading Emissions still awaiting cash from Italy solar sale
Trading Emissions updated the market on the sale of a further portion of its Italian solar portfolio to a member of the Sonnedix group on Wednesday, having initially announced the proposed transaction on 31 July.
Windar Photonics receives new order for 'WindEYE'
LIDAR wind sensor for generating turbines developer Windar Photonics announced a new order for its ‘WindEYE’ sensors from an unnamed independent power producer in the Central American region on Wednesday.
Parkmead completes license acquisition from Verus
UK and Netherlands-focussed independent oil and gas group Parkmead announced on Wednesday that it has completed the previously-announced acquisition of a 50% interest in the UK North Sea Licence P. 2209. from Verus Petroleum, which contains the Farne Extension prospect and a further four prospective leads.
XLMedia buys the rest of Mamar Media
Digital performance marketing provider XLMedia announced on Wednesday that it has entered into an agreement to acquire the remaining minority shareholding in Marmar Media that the company does not already own, for a total consideration of $2. 4m.
Mazda unveils new 'fuel efficient' combustion engine
Japanese car maker Mazda said it had developed a new spark plug-free internal combustion engine that would improve fuel efficiency by 30%.
Jubilee Platinum executes $50m project funding agreement
Jubilee Platinum announced on Wednesday that it had executed a $50m project funding agreement in support of its growth strategy for its metals recovery business, through a funding structure provided by RiverFort Capital Group.
Interserve serves up mixed results, keeps full year targets
Support services and construction group Interserve reported first-half profits down a third on last year but better than many were expecting amid difficult conditions in its markets.
AstraZeneca upgraded to 'buy' at Investec despite Mystic setback
Pharmaceutical firm AstraZeneca was upgraded to ‘buy’ from ‘hold’ by Investec Securities on Wednesday, despite concerns over Mystic - its ongoing trial for immuno-oncology (IO) drug Imfinizi.
Telit's Oozi Cats takes leave pending investigation
Internet of Things company Telit Communications issued a statement on Wednesday, confirming that its chief executive Oozi Cats was taking a leave of absence following speculation over “historical indictments” in the United States.
Worldpay agrees £9.3bn merger with Vantiv
Payments processing company Worldpay said it had agreed a £9. 3bn merger with US rival Vantiv.
MTI Wireless Edge secures new million-dollar contract
Flat panel antenna manufacturer and provider of wireless irrigation solutions, MTI Wireless Edge, announced on Wednesday that it has secured a new contract from an unnamed existing customer for the development and manufacture of an antenna solution for a military application.
Legal & General reports tremendous momentum, hikes payout
Legal & General boosted its payout following a sharp rise in profits at the half-year stage with the life insurance and financial services group reporting tremendous momentum across its franchise.
G4S growth slows as transformation continues
Security outsourcing group G4S reported slower growth in the second quarter and held its first-half dividend steady, as management declared their increased confidence in prospects thanks to the "substantial progress" being made with restructuring.
Weak pound, acquisitions help boost Spirax interims
Interim pre-tax profits at engineering group Spirax-Sarco rose to £88. 5m from £73. 4m as revenue grew 25% to £428. 6m.
Riverstone NAV falls amid weaker oil sentiment
Energy asset investment company Riverstone Energy reported a 1. 8% decline in its net asset value during the first half, it said on Wednesday, to $19. 74 per share when compared to 31 December last year.
Hastings Group posts strong first half as market share improves
General insurance provider Hastings Group Holdings said it had continued to maintain its “strong momentum” through its first half on Wednesday, adding it was on track for another year of “profitable growth” as gross written premiums improved 28% to £462m.
LondonMetric acquires SW London retail park for £28m
LondonMetric Property has acquired Burlington Retail Park in South West London for £28. 3m, from an unnamed “large UK institution”, it announced on Wednesday.