News And Announcements
Wednesday preview: Next update, FOMC statement, manufacturing data
Economic data on both sides of the pond, results from the likes of Next and a parliamentary hearing on post-Brexit trade are likely to be the main financial focus on Wednesday, with no action expected from the Federal Reserve.
Craneware extends US hospital contract in $3.5m deal
US health care-focussed value cycle specialist Craneware announced the renewal and “significant expansion” of an existing contract with a growing hospital operator in the United States on Tuesday.
Gresham House acquiring Hazel Capital management business, launching new energy unit
Specialist alternative asset manager Gresham House has completed the acquisition of the asset management business of UK new energy infrastructure manager Hazel Capital, it announced on Tuesday.
Taptica picks up Ofer Druker as new Tremor executive chairman
Mobile advertising platform provider Taptica announced on Tuesday that Ofer Druker will be joining Taptica as the executive chairman of Tremor Video DSP, its wholly-owned subsidiary for video advertising optimisation and attribution, that was acquired by the group in August.
ReNeuron upbeat on latest stroke drug candidate trial findings
Cell-based therapeutics developer ReNeuron Group updated the market on Tuesday on its Phase II clinical trial ‘PISCES II’ of its CTX cell therapy candidate for stroke disability and, in addition, its global clinical and regulatory development strategy for the stroke programme.
Hutchison Chi-Med launches new clinical trial of fruquintnib
Hutchison China MediTech - known as Chi‑Med - has initiated ‘FRUTIGA’, a pivotal Phase III clinical trial of fruquintinib in combination with paclitaxel (Taxol) for the treatment in advanced gastric or gastroesophageal junction adenocarcinoma patients in China.
WPP invests in Brazilian digital agency Enext
WPP said on Tuesday that its wholly-owned global advertising agency, J. Walter Thompson Company, has bought a majority stake in Brazilian digital agency Enext, which specialises in e-commerce and Icloud marketing solutions.
Avesoro Resources taking on two mines in Burkina Faso
Avesoro Resources has entered into a conditional agreement to acquire the Youga Gold Mine and Balogo Gold Mine in Burkina Faso, it announced on Tuesday, through the acquisition of the entire issued share capital of MNG Gold Burkina, Cayman Burkina Mines, MNG Gold Exploration, AAA Exploration Burkina and Jersey Netiana Mining and their subsidiaries from Avesoro Jersey.
Ofgem says energy market competition weak, prices too high
Competition for household energy customers is weak and high prices paid by vulnerable people is unacceptable, the industry regulator said.
Indivior gets boost from expected US regulator's opioid decision
Investors were buying up shares in Indivior anticipating good news from US drug authorities on a new long-lasting opioid addiction treatment a later on Tuesday and results on Thursday.
Xpediator signs franchise partners for consumer service in Cyprus, Albania
Freight management services provider Xpediator announced on Tuesday that its business-to-consumer EshopWedrop service, as part of establishing a pan European network, has made its first country franchise awards to manage the brand in Cyprus and Albania to Kronos Express and Albanian Courier SHPK respectively.
ProPhotonix adds two high-power laser diodes to range
Designer and manufacturer of high-tech LED systems and laser diode modules, ProPhotonix, announced the addition of two new high-power red laser diodes from Ushio to its laser diode solutions.
Hormel Foods to buy deli meat maker Columbus for $850m
Hormel Foods has agreed to buy deli meat and salami company Columbus Manufacturing for around $850m.
AEW UK Long Lease takes on Merseyside industrual estate
AEW UK Long Lease announced the acquisition of Pocket Nook Industrial Estate, St Helens for £9. 0m on Tuesday, reflecting a net initial yield of 5. 4%.
RBS should have accepted criticisms, FCA's Bailey says
Royal Bank of Scotland should have accepted criticisms of its treatment of business customers made in a report, the head of the Financial Conduct Authority said.
Acquisition and organic growth fuel first half at ULS
Online business-to-business conveyancing and financial platform provider ULS Technology updated the market on its trading on Tuesday, ahead of its half year results for the six months to 30 September.
Plus500 Q3 revenue jumps 50% on record customer numbers
Trading platform Plus500 posted a 50% jump in third-quarter revenue on Tuesday as it reported a record number of new and active customers and said it is on track to deliver full-year results ahead of market expectations.
Christopher Bailey to leave Burberry in 2018
Burberry's top designer and former chief executive Christopher Bailey will leave the fashion house at the end of next year.
BHP Billiton and Vale given short extension over Samarco settlement
BHP Billiton and Brazilian partner Vale have been given a short extension to negotiate a settlement over the $49bn and $6bn civil claims relating to the Samarco mine disaster two years ago.
Government 'fudges' decision to cut stakes on gambling machines
Profits at high street bookmakers are under threat as the government proposed cutting the maximum stakes of fixed-odds gaming machines from £100 to between £50 and £2, though it has delayed making a final decision until January.