News And Announcements
Deutsche Bank to list €700bn asset management arm
Deutsche Bank has confirmed its plans to list its DWS asset management unit on the Frankfurt stock exchange.
Tissue Regenix launches new operating division for 'DermaPure'
Regenerative medical devices company Tissue Regenix Group announced the launch of a new operating division on Monday - ‘TRX BioSurgery’.
Water Intelligence signs big contract with Australian water utility
Multinational provider of precision, minimally-invasive leak detection and remediation solutions, Water Intelligence, announced a contract between its Sydney, Australia corporate location and Hunter Water Corporation, a state-owned water company, on Monday.
Quartix makes solid progress in core fleet business
Vehicle telematics services supplier Quartix Holdings announced its audited results for the year ended 31 December on Monday, with group revenue increasing 5% to £24. 5m.
RBC upgrades BP to 'outperform' on 'underappreciated' downstream dynamics
Analysts at RBC Capital Markets took a look at oil and gas giant BP on Monday morning, saying they believed its cash flow framework would improve in 2018 as a result of a growing upstream base and favourable dynamics in the downstream, the latter of which it felt "may be underappreciated by the market".
Concurrent releases new multi-channel gigabit ethernet board
High-end embedded computer boards specialist Concurrent Technologies announced a further addition to its range of VPX I/O boards on Monday.
Feedback loss widens as company woos customers
Specialist medical imaging technology company Feedback announced its unaudited results for the six months ended 30 November on Monday, with revenue rising to £0. 22m from £0. 2m a year earlier.
Ascential ascends on dividend hike and potential for events disposals
Events organiser and business information provider Ascential has hiked its dividend payout to shareholders 19% and announced a strategic review of its exhibitions business.
Bunzl full-year numbers boosted by acquisitions, weaker pound
Distribution and outsourcing group Bunzl posted a 13% jump in full-year pre-tax profit on Monday thanks to recent acquisitions and a weaker pound.
Mereo BioPharma appoints new head of patient access
Multi-asset biopharmaceutical company Mereo BioPharma Group announced the appointment of Wills Hughes-Wilson as head of patient access and commercial planning on Monday.
UBS downgrades Jupiter Fund Management as fund flows reverse
UBS downgraded Jupiter Fund Management to 'sell' from 'neutral' and cut the price target to 460p from 545p as fund flows reverse.
Reabold Resources confirms it is considering share placing
AIM-listed Reabold Resources, an investor in upstream oil and gas projects, confirmed on Monday that it is "exploring market appetite" for a placing.
Vodafone sells out of Qatar joint venture for £264m
Vodafone Group has sold its 51% stake in a Qatar joint venture to its project partner, the Qatar Foundation for the equivalent of £264m and an ongoing partner-market deal.
Ten Lifestyle wins multi-year contract with 'premier' US bank
AIM-listed Ten Lifestyle has won a multi-year contract with one of America's "premier" private and business banks, headquartered in California, to provide concierge services to its high and ultra-high net-worth clients.
Melrose receives US and Canadian clearance for hostile GKN bid
Turnaround specialist Melrose Industries said on Monday that its £7. 4bn hostile bid for engineer GKN has received clearance from US and Canadian authorities.
VinaCapital pours $33m into big Vietnamese egg producer
VinaCapital’s flagship fund, the VinaCapital Vietnam Opportunity Fund, has invested in Vietnam’s leading producer of pasteurised eggs and poultry meat Ba Huan JSC, it announced on Monday.
Eckoh wins new US contract, secures new partnership
Secure payment and customer contact solutions provider Eckoh has secured a four-year contract to provide its secure payments solution ‘CallGuard’ to a US Fortune 250 retailer, it announced on Monday, along with a partnership with a global payments solutions company in the US.
Town Centre Securities makes solid progress as it continues to expand
Leeds-based property investor and car park operator Town Centre Securities announced its results for the six months ended 31 December on Monday, reporting that net assets per share were up 4. 3% since 30 June at 375p.
Provident Financial tumbles on cash-call report, analysts see value
Provident Financial is down at its lowest levels since the mid 1990s on the back of a weekend newspaper report that suggested the doorstep lender has been sounding out investors for a "bumper" capital raise.
Hg takes further stake in DADA
Hg announced further investment in DADA - a provider of online hosting services to SMEs in Italy, the UK and other regions across Europe - on Monday.