News And Announcements
GVC and Ocado join FTSE 100, Premier Oil promoted to 250
Changes to the FTSE 350 index have been confirmed after the latest quarterly review by administrators at FTSE Russell.
FTSE bosses criticised over excuses for lack of women in boardrooms
According to some executives of the UK’s biggest firms, women are not a good fit in boardrooms since most don’t want the responsibility of a big job and don’t understand such complex issues that are discussed at board meetings.
Sareum regains worldwide rights to small molecule inhibitors
Specialist cancer drug discovery and development business Sareum Holdings has regained worldwide rights to preclinical-stage small molecule inhibitors of Aurora and FLT3 kinases that have shown potential in acute myeloid leukaemia (AML) and other haematological cancers, it announced on Thursday.
Clinigen signs commercial deal with Bristol-Myers Squibb in South Africa
Pharmaceutical and services company Clinigen Group has signed a commercial agreement with Bristol-Myers Squibb in South Africa, it announced on Thursday.
OGA waives farm-out requirement for Cluff
Natural resources investing company Cluff Natural Resources announced on Thursday that the UK Oil and Gas Authority has waived its requirement for a farm-out to have been concluded by 31 May on the company's two 100%-owned Southern North Sea gas licences, P2248 and P2252.
Bezant raises £0.8m as its seeks to progress Philippines project
Copper-gold exploration and development company Bezant has raised £0. 8m before expenses through a subscription and placing of 222,222,222 new ordinary shares at a price of 0. 36p per share, it announced on Thursday.
UK Oil & Gas gets licence extension at Kimmeridge
UK Oil & Gas Investments has been informed by its wholly-owned subsidiary, Kimmeridge Oil & Gas, that the Oil and Gas Authority has extended the licence term of its 100%-owned PEDL 234 licence from 30 June this year until 31 December 2023, it announced on Thursday.
FirstGroup chief steps down after skid to losses
Investors do not like write-downs, particularly on goodwill, nor falling profits, especially when your company's share price is at half the level that it was at when you joined.
Bango extends its FCA licence
Mobile commerce company Bango has extended its Financial Conduct Authority license as an approved payment provider, it announced on Thursday.
Authority recommends Greatland be granted third Panorama licence
Precious and base metals exploration and development company Greatland Gold has received notification from the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) that it has won a government-conducted ballot over its application for licence E46/1170, it announced on Thursday.
FCA credit review to have minimal impact, says Non-Standard Finance
Non-Standard Finance issued a response to the Financial Conduct Authority on Thursday, which had detailed a number of its proposed changes to the regulation of certain segments of the UK's consumer credit market, including home-collected credit.
Caffyns profits hit the bumper
Motor retailer Caffyns said it had a “very challenging year” for the entire British motor sector after it witnessed a crash in new car sales.
Babcock awarded Canadian submarine contract extension
Engineering services firm Babcock has secured a three-year, £225m extension to its existing support contract with Canada's fleet of four Victoria Class submarines.
Meggitt to supply brakes to Wizz Air in $50m deal
Components and subsystems producer Meggitt has finalised the terms of a long-term agreement with Wizz Air, it announced on Thursday, for Meggitt to supply wheels and brakes, worth more than $50m over the lifetime of the “all-encompassing” material maintenance agreement which would start from 2021.
Bank of Georgia named Georgia's best for 2018
Bank of Georgia Group announced on Thursday that its banking subsidiary JSC Bank of Georgia has been recognised as the ‘Best Sub-Custodian Bank in Georgia 2018’ by Global Finance.
Smurfit Kappa makes four billionth 'Vitop' wine tap
Packaging giant Smurfit Kappa announced on Thursday that it has produced its four billionth ‘Vitop’ cask wine tap.
Johnson Matthey impresses with flat profits as battery plans develop
Chemicals producer Johnson Matthey reported a 31% fall in annual profits due to restructuring and legal charges, though underlying profits were flat.
Spectris completes disposal of EMS into Macquarie JV
Spectris announced on Thursday that it has completed the disposal of EMS Brüel & Kjær, the environmental monitoring business, into a joint venture with Macquarie Capital for a total cash consideration of £44m.
Indivior gets hit by California state subpoena
Shares in Indivior were hit after the drug developer was subpoenaed by the California Department of Insurance over its Suboxone treatment for opioid addiction.
CRH to bolster margins as it explores strategic options
Building materials group CRH has begun a shake-up of its business, as it looks to merge European and US divisions and boost profits.