News And Announcements
Multi-billion pound E.ON-RWE asset swap may scupper SSE-Innogy tie-up
Shares of E. ON and RWE were catapulted higher by news of a multi-billion pound asset swap aimed at fending off the entry of European rivals into their main market.
Universe installs next-generation POS at 70th Rontec forecourt
Point-of-sale, payment and online loyalty systems developer and supplier Universe Group has installed its next-generation point-of-sale, back office and head office solution in its 70th site for petrol forecourt operator Rontec, it announced on Monday.
Melrose sweetens GKN bid to £8.1bn
Turnaround specialist Melrose Industries has upped its offer for engineer GKN to 467p per share, or £8. 1bn, from £7. 4bn.
FreeAgent bolsters sales focus with appointment of Nick Longden
Cloud-based software-as-a-service (SaaS) accounting software provider FreeAgent Holdings announced the appointment of Nick Longden as vice-president of sales on Monday, to help spearhead its growth strategy within its accounting practice division.
Intertek buys Malta-based Aldo Abela Surveys
Product testing, inspection and certification company, Intertek, has acquired Malta-based quality and quantity cargo inspection services provider Aldo Abela Surveys (AAS) for an undisclosed sum.
Physiomics completes Innovate UK oesophageal cancer project
Cancer treatment prediction technology provider Physiomics has successfully completed the Innovate UK grant project announced in January last year, it announced on Monday.
Kromek wins extension to US dirty bomb detection contract
Radiation detection technology company Kromek has been awarded an extension to its high-volume production contract with the Defense Advanced Research Projects Agency (DARPA), an agency of the US Department of Defense, initially awarded in February 2016.
Biogen to buy Pfizer schizophrenia drug for up to $590m
Biogen has agreed to buy a phase 2b trial-ready schizophrenia treatment from Pfizer for up to $590m.
Boost for GSK as Hikma, Vectura expect 2020 launch for generic Advair
Generic drug-maker Hikma Pharmaceuticals will carry out a clinical trial of its generic version of GlaxoSmithKline's Advair Diskus asthma drug after consultation with the US drug regulator.
Eve Sleep posts wider losses but expects to be profitable in the UK this year
Eve Sleep said on Monday that it's aiming to be profitable in the UK this year, as it reported a widening of its losses in 2017.
Oclaro surges as it agrees $1.8bn buyout with Lumentum
Shares in optical components manufacturer Oclaro surged in pre-market trade on Monday as it agreed to be bought by Lumentum Holdings, a provider of photonics products, for $1. 8bn.
Velocity Composites achieves Nadcap Special Process accreditation
Advanced composite material kit supplier Velocity Composites has successfully achieved Nadcap Special Process accreditation for composites scope kitting service provider (KSP), it announced on Monday, as a result of what its board said was an “ongoing commitment” to quality by satisfying customer requirements and industry specifications.
Frontera upbeat after first well drilled at Taribani
Europe-focussed oil and gas exploration and production company Frontera Resources Corporation announced the successful completion of drilling operations at the T-45 well on Monday.
Inland Homes buying out rest of Brooklands College site
Brownfield regeneration-focussed housebuilder Inland Homes announced the unconditional exchange of contracts to acquire its joint venture partner's 80% interest in Brooklands Helix Developments on Monday.
Saudi Aramco IPO likely to be delayed until 2019 - report
British officials have been informed that Saudi Aramco’s initial public offering is likely to be pushed back from the second half of 2018 until 2019.
Nautilus Marine Services sells two vessels and dive equipment
Offshore industry investor Nautilus Marine Services has sold two of its offshore service vessels and certain of its dive equipment in three separate transactions, it announced on Monday.
Thruvision outlines cash return plans as it refocuses its market
People-screening security technology specialist Thruvision updated the market on its plans to return excess cash to shareholders on Monday, which resulted from the sale of its video business to Volpi Capital in October last year.
Echo Energy appoints new COO as it makes progress in Bolivia
South and Central American-focussed upstream oil and gas company Echo Energy announced the appointment of Geoff Probert as its chief operating officer on Monday.
Escape Hunt opens Bristol site ahead of final results
‘Escape the room’ experiential entertainment provider Escape Hunt announced the opening of its first UK owner-operated site in Bristol on Monday.
Draganfly raises £0.14m but warns of likely suspension
Draganfly Investments announced on Monday that it has successfully raised £0. 14m before expenses, by way of a placing of 50. 8 million new ordinary shares at a price of 0. 27p each.