News And Announcements
Jaguar Land Rover to move Discovery production from UK to Slovakia
Jaguar Land Rover is to move all production of its Discovery vehicle range from Solihull, England to Slovakia, to make way for the retooling of the factory to accommodate the assembly of electric vehicles, as well as gasoline and diesel versions.
Lok'nStore buys two new freehold sites
Self-storage company Lok'nStore has announced the acquisition of two new freehold sites, bringing its total secured pipeline to nine landmark stores.
Ofgem to look at licensing regime after Iresa fiasco
Ofgem outlined the scope of its review of its approach to licensing energy suppliers on Monday.
Randall & Quilter completes two US-focussed transactions
Randall & Quilter Investment Holdings announced the completion of two major transactions on Monday, including one to provide full finality to a California-based self-insurer by the R&Q owned A-rated carrier, Accredited Surety and Casualty.
Promising interim update from Evgen's STEM breast cancer trial
Clinical stage drug development company Evgen Pharma announced an encouraging interim update on STEM, its Phase II clinical trial in advanced breast cancer, on Monday.
Somero trading in line as it puts solid effort into China
Somero Enterprises told shareholders of “broad contributions” to its growth at the current early stage of the year, as well as positive market conditions it continued to see across its portfolio of territories, as they prepared for the company’s annual general meeting.
K3 pleased with performance of bizarrely-named 'ax I is fashion'
Business technology company K3 announced the signing of a new significant contract for "ax l is fashion" on Monday.
Premaitha Health teaming up with Canada's Coastal Genomics
Molecular diagnostics group Premaitha Health has signed an agreement with Coastal Genomics, a biotechnology engineering firm based in Vancouver, Canada, to develop advanced technologies for clinical DNA sequencing tests, it announced on Monday.
Jangada welcomes latest test results from Pedra Branca
South America-focussed platinum group metals project developer Jangada Mines announced positive results from its recent metallurgical test work on Monday, which was initiated to establish the optimal process flow sheet for the recovery of precious and base metals including chrome.
Impairment leads to wider losses at pre-revenue Chaarat
Exploration and development company Chaarat Gold posted its preliminary results for the year ended 31 December on Monday, a year in which it was still pre-revenue, but implemented a revised strategy to develop the Chaarat project through a phased approach.
Triad earnings rise despite drop in revenue
Triad Group issued its results for the year ended 31 March on Monday, reporting revenue of £27. 8m for the period, down from £30. 9m year-on-year.
Idorsia taking insomnia treatment to Phase 3
Idorsia announced on Monday that the first patients had been enrolled into its Phase 3 registration program with ‘nemorexant’, a dual orexin receptor antagonist, for the treatment of adult and elderly patients with insomnia.
UK government to intervene on M&A deals with national security concerns
New rules have come into force to allow the government to intervene in potential takeovers by overseas companies of UK business developing technology with national security applications.
KKR to buy Envision Healthcare for $9.9bn in cash
Envision Healthcare looked set to jump at the open on Monday after agreeing to be bought by private equity group KKR for around $9. 9bn in an all-cash deal that includes debt.
HSBC to invest $15-17bn as it gets back into 'growth mode'
HSBC has announced plans to invest between $15bn and $17bn in growth and technology as it gets back into "growth mode".
Mars to buy AniCura pet care business
Mars Inc announced on Monday that it was making another move into the European veterinary market with the acquisition of AniCura, which has operations in seven countries, for an undisclosed sum.
Regulatory changes to hit XLMedia's 2018 results
AIM-listed digital performance marketing provider XLMedia was under the cosh on Monday after it said 2018 earnings will be "marginally" lower than they were a year ago, namely due to regulatory changes.
Poundworld the latest chain to fall as it prepares to call in the administrators
Poundworld became the latest victim of the current economic carnage on the high street on Monday, as the single-price discount retailer prepared to call in the administrators.
HICL acquires another 7.2pc of French motorway project
Listed infrastructure investment firm HICL Infrastructure Company has agreed to acquire a further 7. 2% interest in the A63 motorway concession in France for €62m, from funds managed by DIF Infrastructure III and DIF Infrastructure IV, it announced on Monday.
EU could block Facebook from reading users' private messages
Social media companies such as Facebook face further tough European Union privacy regulations that would block them from reading private messages sent between users.