News And Announcements
AppScatter launches Android software development kit
Business-to-business software-as-a-service platform appScatter Group confirmed the launch of the appScatter Android Software Developer Kit (SDK) on Friday, with it now available to 25 million software developers on computer code hosting service GitHub.
Pete Gardner appointed CFO-designate of Chaarat Gold
Gold exploration and development company Chaarat announced an addition to its senior management team on Friday, saying Pete Gardner has joined as chief financial officer-designate.
MobilityOne to acquire 55pc of MiTP
E-commerce infrastructure payment solution and platform provider MobilityOne announced on Friday that, on 9 November, it signed - via its recently incorporated wholly-owned subsidiary MobilityOne South Asia - a sale and purchase agreement with Zahir Uddin and Shahin Hossain to acquire a 55% shareholding in MiTP for a nominal cash consideration of BDT 0. 55m, payable from the group's existing cash resources.
Amphion partner Polarean Imaging valued at $19m ahead of planned IPO
Medical, life science and technology business Amphion Innovations updated the market on its partner company Polarean Imaging, in which Amphion currently has an interest of around 26%, on Friday.
Caledonia Mining planning extension of Blanket central shaft
Following its announcement of an updated resource statement on 2 November, Caledonia Mining Corporation announced on Friday that it plans to extend the depth of the central shaft at its 49% subsidiary, the Blanket Mine in Zimbabwe.
Oxford Pharmascience plans demerger of main operations
Listed company Oxford Pharmascience announced its intention to demerge certain operating and other assets and the business of the group to Oxford Pharmascience Limited (OPL) on Friday, following a board strategic review of the group's operations.
IQE raises £95m in placing
Supplier of advanced semiconductor wafer products and services IQE announced on Friday that, further to its announcement on 9 November regarding the proposed placing of ordinary shares, it has successfully placed 67,941,581 new ordinary shares at a price of 140p per share, raising gross proceeds of around £95m.
LSE caves into TCI demands, to hold vote on Brydon and Rolet
London Stock Exchange has caved into pressure from activist investor TCI Fund Management, announcing that it will hold a shareholder vote on whether it should remove chairman Donald Brydon and retain chief executive officer Xavier Rolet.
Johan Lundgren to replace McCall as EasyJet CEO
Budget airline EasyJet has announced the appointment of Johan Lundgren as its new chief executive officer, replacing Carolyn McCall, whose departure was announced back in July.
Google accused of aiding online fraudsters through 'copycat' websites
Officials at National Trading Standards have come out swinging against internet giant Google, accusing it of profiting from crime by allowing fraudsters to buy sponsored spaces in its search results.
Revenue and earnings ahead in first half at Vedanta
Vedanta Resources revenue rose 49% year-on-year to $6. 8bn, it announced on Friday, with EBITDA ahead 37% at $1. 7bn, which the board said was primarily due to higher volumes and strong commodity prices.
Capita to compensate investors in collapsed fund, escapes FCA fine
Capita has escaped a fine but has been strong-armed by the financial regulator into paying up to £66m to investors who suffered losses due the collapse of an investment scheme operated by its recently sold asset services business.
Unite Group exchanges contracts on £80m Leeds development
Developer and manager of student accommodation, Unite Group, has exchanged contracts to acquire a development site in Leeds on a subject to planning basis, it announced on Friday.
Ultra Electronics expects DoJ decision on Sparton deal in March 2018
Ultra Electronics said on Friday that a decision from the US Department of Justice about its proposed acquisition of NYSE-listed Sparton is now expected at the end of March 2018.
Galliford Try hails 'increased certainty' in social housing partnerships
Galliford Try's council partnerships arm has benefited from "increased certainty" following recent government announcements and has a record order book, while housebuilding sales rates and the construction order book have remained unchanged since the year end.
Ferguson to sell Nordics building materials business to Lone Star
Plumbing and heating products distributor Ferguson - formerly known as Wolseley - has agreed to sell its Nordics building materials distribution business, Stark Group, to an affiliate of private equity firm Lone Star Funds for €1. 03bn on a debt-free and cash-free basis.