News And Announcements
Savannah Resources upbeat on hydrogeological assessment results
Savannah Resources announced on Monday that the results of a hydrogeological baseline assessment would bolster the ‘in-principle’ approval of its proposed tailings storage facility, adding that key approvals relating to the Block 5 Mahab 4 and Maqail South mining licence applications for copper development in Oman had been received.
Angling Direct snaps up Birmingham's Fosters Fishing
Specialist fishing tackle and equipment retailer Angling Direct has acquired the entire issued share capital of Fosters Fishing for a total consideration of £3m, payable in cash, it confirmed on Monday.
RWS swallows Article One Partners in $8m deal
Intellectual property support services provider RWS Holdings announced the acquisition of US-based IP information business Article One Partners on Monday, for a cash consideration of $8m.
Avacta establishes US commercial team
Affirmer biotherapeutic and reagent developer Avacta Group announced on Monday that it has established a commercial team of three people in the US, including the appointment of Dr Matthew Vincent as vice president therapeutics business development.
Time Out to open second US market in Boston
Media and entertainment business Time Out Group announced that it has signed a lease agreement for a new Time Out Market in Boston, with the benefit of planning for the site already secured.
Stanley Gibbons sells interiors assets to Gurr Johns
After a false start, Stanley Gibbons confirmed the successful sale of a big chunk of its interiors division on Monday, offloading its Dreweatts 1759 assets to Gurr Johns.
TfL names Blackhorse Road development partners
Transport for London has awarded a consortium formed between Barratt Developments and London & Quadrant as the preferred joint venture partner to develop a 1. 8 acre former car park opposite Blackhorse Road station in northeast London.
Starcom CFO makes surprise resignation
Starcom announced on Monday that its chief financial officer Golan Hermolin has resigned with immediate effect.
Ben Wynn joins FairFX as product and marketing chief
FairFX announced on Monday that it has hired Ben Wynn as its chief product and marketing officer.
NetScientific's Wanda granted new US patent
Transatlantic healthcare intellectual property commercialisation group NetScientific announced the issue by the US Patent and Trademark Office of a new patent exclusively licensed to its portfolio company, Wanda, on Monday.
Airlines fly higher on Monarch collapse
Airline stocks enjoyed a solid performance on Monday as investors welcomed news there would be one less competitor following the collapse of Monarch.
HSBC awaiting approval for new CEO appointment
HSBC has chosen a new chief executive to replace Stuart Gulliver and is now awaiting approval from the Bank of England regulators, according to reports on Monday.
AFH Financial snaps up Duchy Wealth Management
AIM-listed wealth management firm, AFH Financial, has completed the acquisition of Cornwall-based Duchy Wealth Management.
May's Help to Buy extension pledge lifts housebuilders
Shares in housebuilding companies were lifted on Monday after Theresa May said the government will plough a further £10bn into extending the Help to Buy scheme.
Lekoil makes CFO, non-exec appointments
Nigeria and West Africa-focussed oil and gas exploration and production company Lekoil announced the appointment of Lisa Mitchell as its chief financial officer with immediate effect on Monday morning, following the resignation of Bruce Burrows who reportedly decided to pursue another opportunity to better fit family circumstances.
Numis makes good full-year trading progress
Numis Corporation issued a trading update for the year to 30 September on Monday, reporting that its second half trading performance was “very strong”, recording revenue 47% higher than the first half of 2017 and 38% higher than the second half of 2016.
Assura increases rent rolls with 75 acquisitions in first half
Assura, the UK healthcare property developer, accelerated the rate of its investment in past six months and said it had a strong pipeline of future acquisitions and developments.
Mountfield wins another contract with 'leading' telecoms provider
AIM-listed Mountfield Group has been awarded a further contract with a "leading" UK telecoms provider and long-standing client, with a value of £1. 65m.
Monarch Airlines collapses to leave 110,000 passengers stranded abroad
Monarch Airlines has ceased trading with immediate effect, leaving 110,000 passengers stranded abroad and roughly 300,000 future bookings cancelled.
XP Power buys US-based Comdel for $23m
XP Power has acquired US-based Comdel, a designer and manufacturer of radio frequency power supplies, for $23m in cash on a debt-free and cash-free basis.