News And Announcements
Numis beats out JP Morgan as City's stockbroker of choice
JP Morgan Cazenove had lost its long-held standing as London's most popular corporate stockbroker to rival Numis Securities in the latest corporate advisers ranking guide.
Ashtead may see USD50m of storm disaster recovery spending and more - Jefferies
Assessing the impact of Hurricane Harvey on Ashtead Group's US-based Sunbelt is difficult, said Jefferies, but the arm could benefit from a sizeable amount of disaster recovery revenue based on previous disasters.
Sirius Real Estate completes one disposal, two acquisitions
Branded business park operator Sirius Real Estate updated the market on Monday, on the completion of a €7m disposal of a “mature asset”, as well as two property acquisitions for €25. 8m and its entry into the FTSE AllShare and SmallCap indices.
Malvern International pens deal with Oxford University Press
Educational services provider Malvern International announced that its wholly-owned UK subsidiary, Malvern House International, had entered into an agreement with Oxford University Press to allow for the use of OUP's content and expertise in relation to developing mobile application games for the learning of English.
Midatech submits clinical trial application for MTD201
International speciality pharmaceutical company Midatech Pharma announced the submission of a clinical trial application for a first in human study of its MTD201 programme in carcinoid cancer and acromegaly.
Faron's 'Traumakine' set for swift progress through FDA process
Clinical stage biopharmaceutical company Faron Pharmaceuticals announced on Monday that the FDA had proposed that the company could proceed directly to Biologics License Application (BLA) submission, pending positive results from the two ongoing Phase III trials with the company's wholly-owned product, ‘Traumakine’, for the treatment of acute respiratory distress syndrome (ARDS).
Plutus PowerGen signs heads of terms with JCB Power Products
Flexible energy generation company Plutus PowerGen has signed a heads of terms with JCB Power Products Broadcrown Limited, it announced on Monday, to design, procure and supply the required generators for the company's UK ‘FlexGen’ projects.
Science Group to acquire Technology Sciences Group
Science Group announced on Monday that it has exchanged contracts to acquire 100% of the equity of Technology Sciences Group, Technology Sciences Europe and associated subsidiaries from Dentons Innovation Group US.
Novartis CEO Jimenez to step down
Swiss pharmaceuticals company Novartis said on Monday that chief executive officer Joseph Jimenez plans to step down next year after eight years in the role.
Icewine testing recommences, says 88 Energy
Energy investment company 88 Energy updated the market on Project Icewine, located onshore North Slope of Alaska, on Monday, confirming that the Icewine#2 well was shut-in on 10 July to allow for imbibition and pressure buildup to occur within the HRZ shale.
C&C picks up 47% stake in pubco Admiral Taverns
C&C Group, producers of Magners cider, announced on Monday that it had reached an agreement, along with US investors Proprium Capital Partners, to acquire Admiral Taverns.
SimiGon awarded 'prime contract' with Federal Aviation Administration
Modelling, simulation and training solutions provider SimiGon announced on Monday that it has been awarded a “prime contract” with the US Federal Aviation Administration, to deliver the ‘SIMbox’ simulation development tools and training in support of the regulator’s advanced unmanned aircraft systems (UAS) research simulator.
Bioventix share price spikes after trading update
Clinical antibody specialist Bioventix expects revenues and pre-tax profits to be ahead of market projections for the year after its revenue increased by almost a quarter.
Kainos Group announces 'solid performance' ahead of interim report
Digital services and platforms provider, Kainos Group said on Monday its full-year results were expected to be in line with current market expectations.
Charles Taylor to buy US insurance administrator MRM
Charles Taylor subsidiary, Charles Taylor General Agency, has agreed to buy US West Coat insurance claims third party administrator Metro Risk Management for up to $1. 8m.
NetScientific's ProAxsis gets CE mark for NEATstik
Transatlantic healthcare intellectual property commercialisation group NetScientific updated the market on progress at its portfolio company ProAxsis on Monday.
Kromek awarded five-year contract for x-ray technology
Radiation detection technology company Kromek announced on Monday that it has been awarded a five-year contract, worth $2. 0m over the period, by an unnamed new OEM customer which it described as a “leading company” in x-ray imaging systems.
Victrex says effective tax rate to drop to 12%, EPS benefit seen
Victrex said on Monday that the group's effective tax rate under Patent Box - which enables companies to apply a lower rate of corporation tax to profits earned after 1 April 2013 to its patented inventions - is expected to drop.
Johnson Service sees FY ahead of market views, CEO to step down
Johnson Service said on Monday that it expects its full-year results to be slightly ahead of current market views as it announced the resignation of chief executive officer Chris Sander after 33 years at the company.
Angle upbeat on new research from Duesseldorf
Liquid biopsy company Angle announced the publication of research by Heinrich Heine University of Duesseldorf on Monday, which reportedly demonstrated the measurement of key proteins in breast cancer using Parsortix, which may advise therapy decisions in breast cancer treatment.