News And Announcements
TUI accelerates expansion of cruise fleet in Germany and UK
Tour operator TUI Group has announced plans to increase the size of its cruise liner fleet to 18 vessels by 2023.
Uber car crash will set back autonomous vehicles by decades
The death of a pedestrian by a self-automated vehicle belonging to Uber has brought the ride-sharing service's trials of self-driving cars to a screeching halt that experts said may last for decades.
Motif Bio pushes back FDA submission for iclaprim
Clinical-stage biopharmaceutical company Motif Bio updated the market on the status and timeline for submission of its new drug application (NDA) to the US Food and Drug Administration (FDA) on Tuesday, for its targeted gram-positive investigational antibiotic, iclaprim.
FTSE 250 movers: Fenner surges on Michelin deal; Sophos slumps again
London's FTSE 250 was up 0. 2% to 19,731. 40 in afternoon trade on Tuesday, with deal news providing a boost.
Wynnstay shareholders told of 'encouraging' start to year
Investors in agricultural and retail group Wynnstay were told of how trading in the first four months of the year has been “encouraging” on Tuesday, as they gathered for the company’s annual general meeting.
Lighthouse renews deal with GFTU for another two years
Lighthouse Group has agreed the renewal of its contract with the General Federation of Trade Unions (GFTU) to be the preferred provider of expert financial advice to its affiliate members, it announced on Tuesday.
Red Rock Resources takes home £0.36m after Jupiter share buyback
Red Rock Resources updated the market on the equal access share buyback implemented by Australian unlisted public company Jupiter Mines on Monday.
Adept4 CFO Ian Winn steps down
AIM-listed Adept4, a provider of IT as a service, said on Tuesday that Ian Winn has stepped down as chief financial officer and M&A director with immediate effect to pursue other interests.
Glencore to buy Rio Tinto coal mine for $1.7bn
Glencore has agreed to buy Rio Tinto's 82% interest in the Hail Creek coal mine in Australia for $1. 7bn.
Oxford Nanopore's valuation hits £1.5bn after Asia-Pac funding round
Biotech firm Oxford Nanopore has raised £100m from its latest private funding round, valuing the rapidly-expanding UK group somewhere in the vicinity of £1. 5bn as a result.
Union Jack Oil ups stake in PEDL253 to 22pc
Union Jack Oil announced on Tuesday that it has signed a farm-in agreement for a further 10% licence interest in PEDL253, increasing its economic interest to 22%.
Solid winter sees Aggregated Micro Power lift revenue guidance
Distributed energy company Aggregated Micro Power Holdings issued a positive trading update for the 12 months ending 31 March on Tuesday, revising its revenue guidance up in light of positive trading during the colder months.
Charter Court profit more than doubles in debut results
Charter Court Financial Services reported a more than doubling of annual profit in the buy-to-let mortgage lender’s first set of results since floating on the stock market and joining the FTSE 250.
ValiRx gets US patent for VAL201 compound
Clinical stage biotechnology company ValiRx announced on Tuesday that the US patent and trademark office has granted the patent application 14/575065 (Anti-Androgen Peptides and Uses Thereof in Cancer Therapy), covering ValiRx's lead therapeutic compound, VAL201, which is in clinical trials.
Facebook investigated by US Federal Trade Commission, report says
The US Federal Trade Commission is investigating whether Facebook violated terms of a consent decree covering its use of personal data, according to a report.
Mincon expands in Sweden with Driconeq acquisition
Mincon has completed acquisition of Driconeq AB, the holding company for the Driconeq Group of companies, it announced on Tuesday.
EasyHotel secures lease for 100-room Cambridge hotel
EasyHotel has signed a 25-year lease on a site in Cambridge for the development of a new purpose-built hotel.
FCA ready for 'fundamental reform' of unarranged overdraft fees
The Financial Conduct Authority has underlined its readiness to clamp down on banks' high overdraft charges that disproportionately affect the least well-off.
Officials seek warrant to investigate Cambridge Analytica HQ after compromising footage released
The UK’s Information Commissioner is seeking a court warrant to search Cambridge Analytica's London headquarters after a hidden camera video broadcast by Channel 4 showed the firm’s chief boasting about the use of honey traps and bribery to damage politicians.
Amazon looking into buying Toys R Us stores following collapse
Amazon is considering buying store sites from Toys R Us after the company announced its decision to wind down operations last week.