News And Announcements
Astra and MSD get positive cancer news from EU agency
AstraZeneca and US partner Merck & Co (MSD) have received a positive opinion from European drug regulators over their ovarian, fallopian tube, or peritoneal cancer therapy.
Summit Therapeutics to participate in BTIG Healthcare Conference
Drug discovery and development company Summit Therapeutics announced on Friday that its management would participate in one-on-one meetings at the 2018 BTIG Healthcare Conference.
Indus Gas offers to buy notes back from noteholders
Indus Gas announced on Friday that, as part of the company's continuing capital and liability management initiatives to optimise its debt capital structure, it was inviting the note holders to offer to sell for cash any and all of the outstanding notes held by them.
Bill Colvin resigns as Baron Oil chairman
Baron Oil announced the resignation of William ‘Bill’ Colvin as its chairman and a director of the company on Friday, with effect from 28 February.
Chancellors Estates lists with OnTheMarket
Online property marketing platform operator OnTheMarket announced on Friday that, in line with the five-year agreement announced in November, the estate agency firm Chancellors Estates is now advertising its UK residential sales and lettings properties at OnTheMarket. com.
Ultimate Sports Group to make provision for struggling digital platform
Investment company Ultimate Sports Group updated the market on recent developments on Friday, following its announcement last June that the development of the UltimatePlayer. me digital platform - designed to increase the participation of children in school sports -had seen a number of challenges.
Crest Nicholson says Farnham regeneration agreement now unconditional
FTSE 250 residential developer Crest Nicholson said on Friday that its development agreement with Waverley Borough Council to deliver the £115m Brightwells regeneration of Farnham Town Centre is now unconditional.
Kingspan warns of further declines UK construction amid 'Brexit quagmire'
Irish insulation and building envelope solutions group Kingspan warned investors on Friday that a steep decline seen in demand for its insulated panels was likely to continue due to the "Brexit quagmire".
General Mills to buy Blue Buffalo for $40 a share
US food company General Mills made a move into the pet food market on Friday as it agreed to buy Blue Buffalo for $40 per share in cash, which is around $8bn.
Coventry Building Society posts impressive set of 2017 numbers
Coventry Building Society announced its results for the year ended 31 December on Friday, reporting “strong growth” in mortgages, with mortgage assets increasing £3bn to £35. 9bn, representing growth of 9%.
Ofcom to open up BT poles, ban regional pricing in push for 'full fibre'
More British broadband users are set to benefit from super-fast internet speeds, after a draft decision by Ofcom today that will halve the upfront cost of building ‘full-fibre’ broadband networks.
Standard Life sells insurance arm to Phoenix for £3.2bn
Standard Life Aberdeen on Friday said it was selling its insurance arm to Phoenix for £3. 2bn.
Pearson FY adjusted profits at top end of expectations
Educational publisher Pearson said full year adjusted operating profit fell 9% to £576m - at the top end of its upwardly-revised October 2017 guidance range - and announced that it was putting its US K12 business up for sale.
William Hill pleased with adjusted results and outlook
William Hill announced its final results for the 52 weeks ended 26 December on Friday, with adjusted net revenue rising 7% to £1. 71bn.
Finsbury Food secures new revolving credit facility
AIM-listed speciality cake and bread manufacturer Finsbury Food said on Friday that it has refinanced its current debt facilities.
Stanley Gibbons to get £19.5m investment from Phoenix UK Fund
AIM-listed stamp specialist Stanley Gibbons said on Friday that it has entered into various agreements with Phoenix UK Fund which give effect to an investment of up to £19. 45m, reducing the company’s debt to £10m and lifting cash resources by around £5. 4m.
Rightmove FY operating profit up 10%, customer numbers hit record high
Rightmove reported a 10% jump in full-year operating profit on Friday as revenue grew and customer numbers rose to a record high.
RBS reports first profit in a decade but higher costs loom
Royal Bank of Scotland clambered back into the black in 2017 for the first time in a decade, though though the taxpayer-owned bank took a late hit from legacy charges and warned of higher restructuring charges in 2018.
Persimmon's top three slash their own bonuses
Persimmon announced amendments to its 2012 Long Term Incentive Plan entitlements on Friday, affecting CEO Jeff Fairburn, CFO Mike Killoran, and group managing director Dave Jenkinson.
IAG posts solid results despite dip in fourth quarter profits
British Airways owner International Consolidated Airlines Group presented its group consolidated results for the year ended 31 December on Friday, with fourth quarter operating profit falling to €585m before exceptional items, from €620m in 2016.