News And Announcements
OneSavings shares wilt as JC Flowers sells 8% stake
OneSavings Bank was under pressure on Wednesday after funds managed by private investment firm JC Flowers sold 20m shares in the challenger bank, equivalent to an 8% stake.
IAG traffic shows BA bounce-back
International Consolidated Airlines Group (IAG) grew passenger traffic 3. 1% in September thanks to a strong performance from Iberia that made up for a weak month for British Airways.
Vianet acquires Vendman Systems in £4.25m deal
Business insight and data company Vianet Group announced the acquisition of enterprise resource planning and unattended vending mobile software provider Vendman Systems on Wednesday, for a total consideration - including an earn out - of up to £4. 25m, payable in cash.
Mobile Tornado signs agreement with Israel's HOT Mobile
Carrier-grade push-to-talk solutions provider Mobile Tornado announced on Wednesday that it has recently signed an agreement with HOT Mobile, the fastest-growing cellular company in Israel, under which it will provide its ‘advanced push-to-talk over cellular’ solutions to HOT Mobile customers in Israel.
Velocity Composites secures long-term agreement with existing customer
Advanced composite material kit supplier Velocity Composites announced on Wednesday that it has secured a long term agreement with an unnamed existing UK customer in the composites sector.
Gooch & Housego finishes year in line
Specialist optical component manufacturer Gooch & Housego announced on Wednesday that trading for the year to 30 September was in line with its previous guidance.
Evgen Pharma granted first European patent for SFX-01
Clinical-stage drug development company Evgen Pharma announced the grant of the first European patent for SFX-01, its lead product, on Wednesday.
ImmuPharma completes sharing agreement with Lanstead Capital
Specialist drug discovery and development company ImmuPharma announced the completion of the sharing agreement entered into with Lanstead Capital in February 2016 on Wednesday.
Circle Property pleased with progress at half-year mark
Specialist UK regional office investment, development and management company Circle Property updated the market on its trading on Wednesday, ahead of its results for the six months to 30 September, which would be announced in December.
Glencore to bump up stake in Peruvian zinc miner Volcan
Glencore has agreed a deal to bump up its holding in Peruvian zinc miner Volcan.
Touchstone Innovations puts £1.4m more into Featurespace
Touchstone Innovations announced on Wednesday that it has participated in a £16. 5m funding round in Featurespace, which it described as a “leading” machine-learning, fraud prevention company.
Tesco tumbles despite restoring interim dividend, beating profit forecasts
Tesco reinstated its dividend after a three-year hiatus with a 1p half-year payout as sales from Britain's biggest grocer rose more than City forecasts and profits soared.
LightwaveRF expecting revenue uptick despite investments
Smart home solutions provider LightwaveRF updated the market on its trading for the financial year ended 30 September on Wednesday, saying it anticipated that revenue will have “more than doubled” from the prior year’s £1. 44m figure.
IXICO signs innovative activity sensor agreement
Digital neuroscience technologies company IXICO announced on Wednesday that it has signed a new contract with an unnamed “top 15” global pharmaceutical company, utilising wrist worn activity sensors in a Phase II clinical trial for a neurological disorder.
Image Scan signals uplift in expected full-year profit
Specialist x-ray screening system supplier Image Scan updated the market once again on its trading for the year to 30 September, following a previous update issued on 29 August which pointed to sales of approximately £4. 5m and profit before tax of £0. 25m.
Royal Mail workers vote to strike in row over pensions and pay
Royal Mail workers have voted in favour of a strike in a row over pensions and pay.
Safestay appoints Sharon Segal as finance director
AIM-listed hostel owner and operator Safestay has appointed Sharon Segal as finance director with effect from next Monday.
McColl's Retail co-founder James Lancaster steps down
Convenience retailer McColl's Retail said on Wednesday that co-founder and non-executive director James Lancaster has stepped down from the board with immediate effect.
Ultra Electronics awarded $16m modification to US Navy contract
Ultra Electronics announced the award of a $16. 2m modification to a previously-awarded cost-plus-fixed-fee contract by the US Department of the Navy on Wednesday.
21st Century Technology wins £1m contract with 'major' UK bus fleet operator
AIM-listed 21st Century Technology has been awarded an on-vehicle safety systems engineering contract with a "major" UK bus fleet operator worth just over £1m.