News And Announcements
Brewdog launches yet another fundraising round
Scottish beer maker Brew Dog set itself the lofty ambition of becoming the world's biggest crowdfunded business in history after it formally announced its plan to raise as much as £50m.
Credit Suisse sees 'buying opportunity' for Merlin Entertainments
After Legoland operator Merlin Entertainments's profit warning sent its shares tumbling, Credit Suisse saw this new lower entry point as an opportunity to upgrade the shares from 'neutral' to 'outperform'.
Artilium opens new office in Germany
Telecommunications software and solutions provider Artilium announced the opening of a new office in Germany on Wednesday.
New US clients boost Eckoh in first half
Secure payment products and customer contact solutions provider Eckoh updated the market on its trading on Wednesday, for the six months to 30 September.
Ncondezi Energy raises £0.75m in oversubscribed placing
Ncondezi Energy announced on Wednesday that it has conditionally raised a total of £0. 75m before expenses through an oversubscribed placing of 15 million ordinary shares, at a price of 5p per ordinary share.
Altus Strategies granted Daro exploration licence in Ethiopia
Africa-focussed exploration project generator Altus Strategies announced on Wednesday that it has been granted the Daro exploration licence targeting potential Kuroko-style Volcanogenic Massive Sulphide copper and gold deposits in the Tigray Regional State of northern Ethiopia.
Gama Aviation takes 100pc of Gama MENA in $5m deal
Gama Aviation announced the acquisition of the 51% interest in Gama MENA, currently owned by Jet Set Equity Partners, for a cash consideration of $5. 1m on Wednesday, following which it will own 100% of Gama MENA.
Sprue Aegis launches 'Check the Date' smoke alarm safety campaign
Home safety products developer and supplier Sprue Aegis announced the launch of its national ‘Check the Date’ campaign on Wednesday, to raise awareness of the recommendation by the UK Fire and Rescue services to replace all smoke alarms after ten years.
Shell African licensee Vivo Energy mulls IPO
One of Royal Dutch Shell's major licensees in Africa is mulling a public listing that could value the firm at over $3bn (£2. 27bn).
Oncimmune signs distribution agreement with Poland's SmartGene
Early cancer detection technology company Oncimmune Holdings announced on Wednesday that it has signed an exclusive agreement for distribution of its ‘EarlyCDT-Lung’ test in Poland with SmartGene, a Polish in vitro diagnostic (IVD) distribution company with almost 20 years of experience in laboratory and molecular diagnostics and life sciences.
Hilton Food raises £55.9m to part-fund proposed Seachill acquisition
Meat packing business Hilton Food has placed a total of 7. 35m shares at 760p each, raising proceeds of £55. 9m to part-fund the proposed acquisition of chilled fish processor Seachill.
Purplebricks insists it's committed to transparency as ASA slams misleading adverts
Estate agency Purplebricks has received a slap on the wrist from the Advertising Standards Authority for potentially misleading customers over its fees.
Ubisense wins contract with 'premium' German carmaker
Enterprise location intelligence solutions provider Ubisense announced a new contract win in Europe for its RTLS SmartSpace division on Wednesday.
Sainsbury's to axe 2,000 jobs as part of cost cutting plan
British grocery giant Sainsbury's was gearing up to cut 2,000 jobs across its UK stores and back offices, hoping to save more than £500m in the process, as the firm's price war with discounters such as Aldi and Lidl rumbles on.
RWS agrees to buy Moravia in $320m+ deal
Intellectual property and support services provider RWS Holdings announced on Wednesday that it has entered into an agreement to acquire the entire issued share capital of Moravia US Holding Company and Moravia Lux Holding Company, which it describes as a “leading provider” of technology-enabled localisation services.
Production issues hit margins at Chamberlin
Specialist castings and engineering group Chamberlin updated the market on its trading for the financial year to 31 March on Wednesday, reporting that revenues for the first six months of the current financial year were in line with management expectations.
Wizz Air applies for UK licence to ensure post-Brexit operations
Central and Eastern Europe-focused budget carrier Wizz Air has applied for an air operator's certificate and operating licence in the UK to make sure it can continue to operate in the country following Brexit.
Softcat throws up hard cash amid growing demand for cyber security
IT products and service provider Softcat proposed a bumper dividend after generating double-digit annual growth in sales and profits, but said it has not yet found a replacement for departing CEO Martin Hellawell.
Foxtons revenue drops in 'challenging' London market
Estate agency Foxtons reported a drop in third-quarter revenue on Wednesday amid challenging conditions in the London property market.
Flybe nosedives after profit warning
Shares in Flybe tanked on Wednesday after the budget airline warned that full-year profit would take a hit from higher-than-expected aircraft maintenance costs in the first half.