News And Announcements
Tuesday preview: UK to get monthly inflation check-up, Ashtead reports
UK inflation will be under the spotlight on Tuesday as one half of the vice grip that is squeezing consumers and slowing down spending in various areas of the economy, with updates later in the week on employment and wages ahead of the Bank of England rate announcement on Thursday.
BP to team up with Bridas and CNOOC in Argentina
BP and Bridas Corporation have agreed to form the largest privately-owned integrated energy company in Argentina which it was hoped would offer various value-enhancing opportunities, including via extending the operating life of mature assets and in helping to develop unconventional assets such as at Vaca Muerta.
UK household spending rises for first time in four months in August, Visa says
UK household spending moved back into the black for the first time in four months during August, with outlays rising year-on-year driven by the e-commerce sector, the results of a closely-followed survey revealed.
Lamprell appoints John Malcolm as chairman
Oil services group Lamprell announced the appointment of John Malcolm as non-executive chairman later this month following the planned retirement of John Kennedy.
Andy Parker to leave Capita on Friday, Nick Greatorex appointed interim CEO
Capita said on Monday that chief executive Andy Parker will leave the group on 15 September and the search for his successor is well under way.
NetScientific's ProAxsis signs development agreement
Healthcare intellectual property commercialisation group NetScientific updated the market on its portfolio company ProAxsis on Monday, confirming ProAxsis had signed an agreement to develop activity-based immunoassays for “two key respiratory proteases”, using its ProteaseTag technology.
Gresham House sells Speke property to St Modwen
Specialist asset manager Gresham House announced on Monday that it has exchanged contracts with St Modwen Developments to sell Southern Gateway, its property in Speke, for a gross value of £7. 25m, with completion expected shortly thereafter.
BP to float BP Midstream Partners pipeline business by end of 2017
BP has hired a trio of investment banks to float its Houston-headquartered pipelines business on the New York Stock Exchange before the end of the year.
Angle establishes co-marketing deal with QIAGEN
Biopsy company Angle announced on Monday that it has established a co-marketing agreement with QIAGEN, which it described as a “world-leading provider” of molecular testing solutions with more than 500,000 customers in molecular diagnostics, applied testing , pharma and academia.
Hornby CEO Steve Cooke to step down
AIM-listed model train set maker Hornby said on Monday that chief executive Steve Cooke will step down at a date to be agreed following the increase in Phoenix UK Fund's stake in the business, which has led to a strategic review.
Rose agrees mill disposal with Magellan Gold
Natural resources business Rose Petroleum announced on Monday that it has signed a binding stock purchase agreement with Magellan Gold Corporation to dispose of the company's mineral processing mill operation in San Dieguito de Arriba, Mexico and its associated assets, licenses and agreements.
Mosman acquiring Welch Permian Basin leases
Oil exploration, development and production company Mosman Oil and Gas announced on Monday that it has executed a contract to acquire several oil and gas leases that comprise the Welch Permian Basin Project in Dawson County, West Texas for a consideration of $0. 31m, which would be funded from existing cash reserves.
Shire announces 'clinically significant' results in Sahara trials
UK based biotechnology group Shire announced positive top line results for its phase three study on Sahara, a subcutaneously administered C1 esterase inhibitor liquid.
Falanx Group gobbles up AuditSec Services
Intelligence, security and cyber defence specialist Falanx Group announced the acquisition of AuditSec Services on Monday, which it described as a cybersecurity company founded by Richard Morrell, one of the UK's “foremost cybersecurity entrepreneurs”.
GlobalData's Simon Pyper to step down as CFO
AIM-listed GlobalData said on Monday that Simon Pyper will step down from the board and as chief financial officer with effect from 31 December, to be succeeded by Graham Lilley.
Zibao Metals says likely to see 'substantial' rise in FY turnover
AIM-listed Zibao Metals Recycling noted the jump in its share price on Monday and said its full-year results were likely to show a "substantial" increase in turnover, which has been offset by falling margins.
Northern Gas Networks awards 'significant contract' to 1Spatial
Geospatial specialist 1Spatial announced on Monday that, following a formal competitive tender process, it has been awarded a “significant contract” with Northern Gas Networks for an initial three year period, with an option to extend the contract for a further three years.
Science in Sport renews nutrition partnership with Team Sky
Sports nutrition company Science in Sport announced on Monday that it has renewed its agreement with Team Sky through to 2020 as its official sports nutrition partner.
AB Foods profit marked up as Primark cuts back on discounting
Associated British Foods said group operating profits will be "well ahead" of last year after its Primark clothing arm was able to reduce levels of price promotion, with the sugar business also adding a hefty spoonful to the bottom line.
Irma downgraded to category one but remains a force to be reckoned with
Hurricane Irma has been downgraded from a category three hurricane to category one on Monday but remains a force to be reckoned with after blasting up the west coast of Florida.