News And Announcements
Tharisa announces joint-venture with Chinese manufacturer
Producer of low-cost PGM and chrome concentrate, Tharisa announced it had entered into a strategic cooperation agreement with the Shanxi Taigang Wanbang Furnace Charge Company, a whole owned subsidiary of Taiyuan Iron and Steel Group (TISCO), one of the world's largest steel manufacturers.
OptiBiotix to formally launch LPLDL in the US
Life sciences business OptiBiotix Health announced plans for a US launch of it cholesterol and blood pressure lowering product ‘LPLDL’ at ‘Supply Side West in Las Vegas’ on Thursday, to take place on 27 and 28 September.
Cameron Davies appointed new PowerHouse chairman
Ultra-high temperature gasification, waste-to-hydrogen, waste-to-energy and ‘Distributed Modular Gasification’ company PowerHouse Energy Group announced the appointment of Dr Cameron Davies as its non-executive chairman on Thursday, as well as the successful completion of an oversubscribed £1. 6m placing and direct subscription to finance the next phases of engineering and commercial development activities.
Revolution Bars surges as it agrees deal with Stonegate
Shares in Revolution Bars surged on Thursday as it agreed to a £101. 5m takeover offer by Stonegate Pub Co, which operates Walkabout and Slug and Lettuce bars.
Hunting trims first half losses as US shale boom giveth and taketh away
The boom in US shale giveth and the boom in US shale taketh away for Hunting, as the oil and gas services engineer benefited from increased confidence in onshore operators in tight oil but this then led to global oversupply concerns persisting to keep pressure on oil prices and therefore also on wider drilling activity.
Phoenix Group beats cash generation targets
Phoenix Group trounced some analysts' forecasts for cash generation at the half-year stage with the company adding that the benefits of some of its recent acquisitions were flowing in more quickly than expected.
Greencore 'not aware' of why its share price is weaker
Greencore Group was forced to respond to recent weakness in its share price on Thursday, confirming it was not aware of “any developments” since the release of its third quarter trading statement on 27 July that changed the outlook contained in that statement.
Playtech revenue rises almost a third in first half
Gambling software development company Playtech saw revenues jump 30% at constant currencies in its first half to €421. 6m, it announced on Thursday, with adjusted EBITDA rising 24% by the same measure to €170. 9m.
CRH H1 profit up 27%, to sell Americas distribution business
FTSE 100 building materials group CRH posted a 27% jump in first-half pre-tax profit on Thursday as it announced an agreement to sell its Americas distribution division to Beacon Roofing Supply for $2. 63bn in cash.