News And Announcements
Mporium's FWM signs new seven-figure deal
Event-driven marketing technology provider Mporium Group announced a “significant” commercial agreement for its technology-led digital agency Fast Web Media on Tuesday.
PCI-PAL continues to add new contracts in November
Secure payment solutions-focussed customer engagement specialist PCI-PAL has won a further major reseller contract and two new UK local government contracts in November, it announced on Tuesday, through its partnership with global cloud contact centre telephony provider 8x8.
Glencore forms JV with Canada pension fund
Glencore has formed a 50:50 joint venture with the Ontario Teachers' Pension Plan called BaseCore Metals, which will actively pursue investment opportunities focusing mainly on base metals streams and royalties.
IAG traffic rises in November, OpenSkies to cease operating
British Airways and Iberia parent International Consolidated Airlines Group reported a rise in traffic for November as it announced that its French airline OpenSkies will cease to operate at the end of next summer.
San Leon to relinquish remaining Baltic Basin interests
Africa and Europe-focussed oil and gas development and appraisal company San Leon has informed the Ministry of Environment in Poland of its intention to relinquish its interest in its remaining Baltic Basin shale gas concessions at Gdansk West and Szczawno, onshore Poland.
Cineworld to buy Regal Entertainment for $3.6bn
Cineworld has reached an agreement to buy US rival Regal Entertainment Group for $3. 6bn (£2. 7bn), creating the world's second largest cinema operator.
Albert Tech to shutter indirect business as SaaS revenues rise
Albert Technologies updated the market on its software-as-a-service (SaaS) business, and confirmed its intention to cease trading in its indirect business by the end of 2017 on Tuesday, in light of what it called “growing momentum” and revenues in its core operations.
Phoenix Global Mining adds 33 claims to Empire mine
US-focussed copper and cobalt exploration and development company Phoenix Global Mining has expanded the land position of the Empire Copper Mine in Idaho, it announced on Tuesday, with the addition of 33 unpatented mining claims in the Horseshoe Block immediately north of the existing property.
Clipper Logistics extends Supergroup contract for five more years
Value-added logistics solutions and e-fulfilment provider Clipper Logistics has secured a five-year extension to its contract with Supergroup, it announced on Tuesday.
Barclays tests regulation technology under FCA programme
Barclays is testing technology that ensures the bank implements changes to regulation correctly as part of an innovation drive by the Financial Conduct Authority.
Johnson Service appoints Peter Egan as CEO
Johnson Service Group has appointed Peter Egan - currently the managing director of its Apparelmaster workwear rental business - as its new chief executive officer.
Shire invests in new haemophilia pill collaboration
Rare disease specialist Shire has invested in Rani Therapeutics as part of a new haemophilia collaboration with the US biotech to test an orally delivered therapy.
Benchmark earnings end year above expectations
Aquaculture health, nutrition, and genetics business Benchmark updated the market on the end of its financial year on Tuesday, claiming revenues of £138m, in line with market expectations.
PureTech affiliate resTORbio files for US IPO
Advanced, clinical-stage biopharmaceutical company PureTech Health issued an update on Tuesday, noting that resTORbio - an affiliate of PureTech Health - has previously confidentially submitted a draft registration statement with the United States Securities and Exchange Commission relating to the proposed initial public offering of its common stock.
FCA withheld RBS report due to legal fears
The Financial Conduct Authority withheld a report on Royal Bank of Scotland's treatment of business customers because it was worried about being sued by the bank or its managers and former managers.
Brighton Pier Group to buy mini golf operator for £10.5m
Brighton Pier Group - which changed its name from Electric Bar Group after it acquired Brighton Pier - has raised a total of around £3m before expenses through a share placing, which it will use to part-fund the proposed acquisition of mini golf operator Lethington Leisure.
Cerillion wins 'major' new contract with European telecoms provider
AIM-listed Cerillion, which provides billing, charging and customer relationship management software solutions, has signed a new contract with a European telecommunications provider worth an initial £5m and a total of £8. 4m over five years.
Mitie cancels sale of property management business
Mitie Group has pulled out of selling its profitable property management business after a disappointing level of interest from potential buyers.
Stagecoach's Virgin Trains East Coast facing possible strike action
High speed train services between London and Edinburgh could be substantially crippled over the holiday season, as employees of Virgin Trains East Coast start voting on proposed strike action over a pay and conditions dispute.
Mammoth fare rise after year of hell on railways
Commuters are bracing for the biggest fare rise in five years, as the Rail Delivery Group confirms the annual January increase will see ticket prices rise by an average of 3. 4% from 2 January.