News And Announcements
Castleton Technology posts solid first-half growth
Public and not-for-profit sector software and managed services provider Castleton Technology updated the market on its trading for the six months to 30 September on Monday, reporting that revenue and profitability for the period had grown organically by around 10%, supporting a full year performance in line with market expectations.
Mitie CEO returns to work after medical leave
Mitie Group chief executive Phil Bentley has returned to work full time after recovering from a ruptured appendix last month.
DX Group reaches agreement on £24m fundraising
DX Group announced on Monday that it has reached agreement on legally binding heads of terms for a £24. 0m fundraising, following its announcement regarding funding requirements on 22 September.
BAE Systems eyeing 1000 job cuts - report
BAE Systems' new boss is preparing to trim the defence group's workforce by at least 1,000, according to a report on Monday.
Accrol Group remains suspended as board clarifies financial position
Accrol Group Holdings updated the market on its temporary suspension from trading on Monday, which it announced on 5 October pending clarification on its financial position.
Mountfield's Connaught wins 'significant' City of London contract
Mountfield Group announced on Monday that, further to its half-yearly report announced on 12 September, its subsidiary Connaught has been awarded a “significant contract” to supply and install raised access flooring and associated products for a major City of London office development.
ReNeuron presents further positive data from ExoPr0
Cell-based therapeutics developer ReNeuron Group announced on Monday that it was presenting further new positive preclinical data relating to its ExoPr0 CTX cell-derived exosome therapy candidate at the American Society for Exosomes and Microvesicles 2017 annual meeting in San Francisco.
FastForward welcomes going-public transaction for cannabis firm Nuuvera
FastForward announced on Monday that its investee company Nuuvera, a privately held firm formed to capitalise on the global secular trend towards the legalisation of cannabis in which FastForward has a holding of 4. 45%, has reported that it entered into into a letter of intent on 6 October with Mira IX Acquisition Corporation to complete a going-public transaction in Canada.
Revolution Bars rejects Deltic share merger offer, encourages cash bid
Revolution Bars has rejected an all-share merger proposal from nightclub owner Deltic Group, suggesting on Monday that the group make a cash offer.
Frontier IP's Exscientia takes home OBN biotech award
Intellectual property commercialisation specialist Frontier IP announced on Monday that its portfolio company Exscientia was the winner of the ‘Best Emerging Biotech Company’ award at the OBN Annual Awards ceremony, which celebrate “outstanding achievement” in the UK life sciences sector, held on 5 October in Oxford.
Atlantis looking at order for eight tidal units
Tidal power specialist Atlantis Resources announced on Monday that its customer, SBS Energi Kelautan - owner of the 150MW Nautilus tidal stream project in Indonesia - has confirmed that a final investment decision has been taken to progress with the 12MW Phase 1 of the project.
Unite student rents climb amid 'very strong' demand for lettings
Unite Group reported a 1. 6% like-for-like increase in the value of both its UK Student Accommodation Fund and its London Student Accommodation Joint Venture over the last quarter after a strong period for lettings.
Angling Direct posts solid first-half growth
The UK’s largest specialist fishing tackle and equipment retailer Angling Direct issued its unaudited financial results for the six months to 31 July on Monday, reporting group revenue of £14. 08m - an increase of 39. 2% year-on-year.
Primary Health Properties buys major Scotland facility for £8.7m
Primary healthcare facilities investor Primary Health Properties announced on Monday that it has contracted to acquire a standing let investment property situated in Stenhousemuir, Falkirk, Scotland.
Petra Diamonds says likely to breach covenants
Petra Diamonds said it is likely to breach its covenants by the end of the year due to the labour disruption at three of its South African operations and uncertainty around the final volume of sales for the Williamson mine in Tanzania.
Mantra Group surges on Accor takeover offer
Shares in Australian hotel operator Mantra Group surged on Monday after it confirmed that it has received a takeover offer from France’s Accor.
Interserve awarded £70m Leeds housing contract
Support services and construction group Interserve has been awarded a contract worth more than £70m by Dandara Limited to design and build a residential development in Leeds comprising 744 apartments.
Millennium & Copthorne rockets after takeover price agreed
Millennium & Copthorne Hotels shares booked a sharp gain on Monday morning after its Singapore-based parent company proposed a full cash buyout of its London-listed subsidiary.
Wood Group eyes 'significant savings' after completing Amec acquisition
John Wood Group completed its merger with Amec Foster Wheeler and began trading as an enlarged company on Monday, making assuring noises about integration and expected cost savings.
IP Group extends Touchstone offer deadline as CMA review continues
IP Group updated the market on its takeover offer for Touchstone Innovations on Monday, confirming an extension to its offer deadline, and confirming it has received support for the offer from shareholders representing more than 97% of Touchstone shares in issue.