News And Announcements
Former Stobart chief executive looks to oust chairman
A war of words has broken out in the offices of Southend Airport owner Stobart Group following the decision by former chief executive Andrew Tinkler to vote against the re-appointment of current chairman Iain Ferguson at the group's upcoming annual general meeting.
Dixons Carphone warns on profits for coming year
Dixons Carphone said profits were down 24% in the past year and will drop more than 21% in the coming year as new chief executive Alex Baldock sees "plenty of hard work" ahead for the electricals retailer.
Old Mutual confirms Quilter IPO on 25 June
Old Mutual confirmed its intention to proceed with an initial public offer of up to 9. 6% of the ordinary shares of Quilter next month, subject to final pricing, it announced on Tuesday.
Altus Strategies granted three new licences in Morocco
Africa-focussed exploration project generator Altus Strategies announced on Tuesday that its 100% owned subsidiary Aterian Resource has been granted new exploration licences, targeting zinc and copper in Morocco.
Bluejay Mining says not considering fundraise right now
AIM-listed Bluejay Mining said on Tuesday that it is not actively considering a fundraise at the moment, either through equity or debt.
Palace Capital lets 28,500 sq ft at Harlow office complex
Property investment company Palace Capital has let 28,500 square feet of office space at Sandringham House on Sandringham Avenue in Harlow, Essex, it announced on Tuesday, to Exela Technologies.
Beowulf narrows loss as it continues to wait for Kallak decision
Mineral exploration and development company Beowulf Mining posted its unaudited preliminary financial results for the three months ended 31 March on Tuesday, reporting a loss before and after taxation attributable to the owners of the parent of £0. 2m , narrowing from a loss of £0. 21m year-on-year.
Allergy Therapeutics releases 'exciting' dust-mite immunotherapy data
Biotechnology company Allergy Therapeutics announced positive new data on its wholly-owned modified house-dust mite subcutaneous immunotherapy on Tuesday.
Caspian Sunrise makes progress at deep wells as it finalises 3A purchase
Caspian Sunrise updated the market on its operations on Tuesday, reiterating that its plan to bring Deep Well 801 into production was by drilling a side track of between 450 and 500 meters from a starting depth of 4,501 meters.
7digital makes progress with Juke venture, confirms new live music product
Digital music solutions provider 7digital Group updated the market on territory launches for the ‘Juke’ streaming music service on behalf of client MediaMarktSaturn on Tuesday, and gave more details of a recent contract win.
Total signs raft of agreements with Sonangol over Angolan operations
Total signed a number of agreements with Sonangol covering its upstream and downstream activities in Angola, the company announced on Tuesday, as Angolan president João Lourenço made an official visit to France.
Belvoir Lettings trading well as growth strategy continues
Property franchise Belvoir Lettings updated the market on its trading on Tuesday, saying it had continued “well” in the first four months of the current financial year, as its shareholders gathered for the firm’s annual general meeting.
Mereo BioPharma places 50k shares in PrimaryBid offer
Mereo BioPharma Group updated the market on its offer via PrimaryBid on Tuesday, which it initially announced on 25 May as a strategy to broaden its shareholder base by accessing additional retail investors via the offer.
Myanmar Strategic Holdings buys security firm EXERA
Consumer-focussed business developer Myanmar Strategic Holdings announced on Tuesday that its wholly-owned subsidiary Myanmar Strategic Services has exchanged contracts for the acquisition of the entire issued share capital of EXERA.
BGEO demerger finalised as Bank of Georgia and Georgia Capital trade separately
The demerger of BGEO Group into Bank of Georgia Group and its former investment business Georgia Capital became effective at 0800 BST on Tuesday morning, the newly-separated companies said.
Pret A Manger swallowed by German investment firm for £1.5bn
Bridgepoint Capital has agreed to sell Pret A Manger to the German investor that owns Krispy Kreme donuts and Douwe Egberts coffee in a deal said to value the sandwich chain at more than £1. 5bn.
Richoux annual losses narrow but revenues drop
Restaurant group Richoux posted a narrowing of its full-year losses but a drop in turnover as restaurants were shut or rebranded.
ITV and BBC consider clubbing together to buy UKTV for £1bn
Rivals ITV and the BBC are said to be considering entering into a £1bn joint venture to buy broadcaster UKTV.
Renold rises as chain maker predicts fatter margins
Renold’s shares rose more than 15% on Tuesday morning as the maker of industrial chains, gears and couplings predicted stronger margins after business improved in the second half of its financial year.
Safestyle chairman Richardson resigns after a month
AIM-listed double glazing group Safestyle has announced the resignation of chairman Peter Richardson with immediate effect, just one month after he took on the role.