News And Announcements
World Cup Preview: Russia v Saudi Arabia
After an arduous four year wait the World Cup is finally back and kicks off on Thursday with hosts Russia facing off against Saudi Arabia.
LMS Capital awaiting more details on sale of Penguin Computing shares
LMS Capital announced on Wednesday that it has been informed by the general partner of San Francisco Equity Partners Fund 1 (SFEP 1) that the fund has received proceeds from the sale of its investment in Penguin Computing, and that the transaction giving rise to those proceeds also included the sale of the LMS’ co-investment in Penguin.
Berkeley Energia pleased with Global X sell-down
Berkeley Energia has been informed by Global X that it had completed the rebalancing of its holding in Berkeley by selling around 17 million shares via a private placement.
Inditex rolls out new high-tech amid positive Q1 results
Spanish fashion retailer Inditex is reaping the benefits of its recent investments in technologies to boost the efficiency of its online and physical stores.
GNC products to arrive on Aussie shores via Rapid Nutrition storefront
Natural healthcare company Rapid Nutrition has opened its first health food store in Sydney, Australia as part its previously-announced exclusive agreement with GNC Holdings to market, sell and distribute GNC products in Australia through multiple channels, it announced on Wednesday.
Verseon frees up cash by mortgaging California headquarters
Technology-based pharmaceutical company Verseon announced on Wednesday that its wholly-owned subsidiary, VRH1, has closed a $22. 7m financing with MCREIF SubREIT, secured on its custom-built research, development, and operations facility in Fremont, California.
Strategic Minerals begins technical assessment at Leigh Creek
Strategic Minerals has commenced the technical assessment of the Leigh Creek Copper Mine, it announced on Wednesday, with the formation of “a highly experienced” study team.
ADES completes acquisition of three Nabors rigs
Offshore and onshore oil and gas drilling and production services provider ADES International announced on Wednesday that, following its initial announcement in December, it has completed the acquisition of three operating offshore jack-up rigs in the Arabian Gulf from subsidiaries of Nabors Industries.
Deliveroo parks bikes on Just Eat's lawn with expansion plans
Deliveroo is planning to expand in the UK this year by signing up 5,000 restaurants and takeaway outlets to its platform with a new ‘Marketplace+’ feature that serves as a direct challenge to Just Eat.
4D pharma gets European approval for next Blautix study
Pharmaceutical company 4D pharma has received clearance from the Medicines and Healthcare Products Regulatory Agency (MHRA) and the Health Products Regulatory Authority (HPRA) to commence the Phase II study of ‘Blautix’, it announced on Wednesday.
Tharisa takes sizeable chunk of Karo Mining in $4.5m deal
Tharisa has acquired a 26. 8% shareholding in Karo Mining Holdings for a total cash consideration of $4. 5m from the Leto Settlement, it announced on Wednesday.
Bank of Ireland looks to slash costs amid growth phase
Bank of Ireland Group outlined its strategic plan focussed on “growth and transformation” an an investor day in London on Wednesday, with the company saying it expected loan book growth of around 20% by 2021.
CMA raises concerns about Ebiquity-Nielsen deal
The Competition and Markets Authority has raised concerns about media and marketing consultancy Ebiquity's proposed sale of its advertising intelligence division to Nielsen.
Tern sees no reason for share price rise
AIM-listed Internet of Things investment group Tern noted the recent rise in its share price on Wednesday, confirming that it knows of no reason for the move, "save for the ongoing developments and collaborations previously announced".
WPP reports trading uptick as board faces questions about Sorrell
WPP reported a slight improvement in business as the board of the world’s biggest advertising group faced questions from shareholders about the departure of founder Martin Sorrell.
Connect Group warns on profits, announces CEO and CFO exit
Connect Group tumbled on Wednesday as the company "materially" reduced its full-year pre-tax profit expectations following an "extremely disappointing" performance since its interim results in May, and announced the departure of its chief executive and chief financial officers.
Ryanair invests in new Southend base gives Stobart a lift
Budget airline Ryanair had agreed make a $300m investment in the opening of a new base at Southend airport, giving a boost to operator Stobart Group.
Dixons Carphone hit by new cyberattack as 6m cards hacked
Card data of 5. 9m customers held by Dixons Carphone has been accessed by hackers, the retailer revealed on Wednesday, with records on 1. 2m customers containing non-financial personal data also accessed.
Biffa benefits from strong industrial demand for landfill, CEO quits
Waste management company Biffa reported 10% growth in annual underlying profit and after putting changes in place to cope with the "new norm" of tighter Chinese import regulations on recyclable commodities, chief executive Ian Wakelin has stepped down.
Wetherspoon to dump Champagne for Surrey fizz
JD Wetherspoon chairman Tim Martin put his money where his Brexiteering mouth is on Wednesday, announcing that the pub chain would switch out a number of its continental drinks for alternatives made in the UK and outside the EU from 9 July.