News And Announcements
CyanConnode gets another European purchase order
Narrowband radio mesh networks company CyanConnode announced a purchase order worth €0. 18m from one of its existing partners - an unnamed “industry leader” in energy management solutions - for a smart metering deployment for a European utility on Thursday.
EQTEC selected as exclusive supplier for Hanoi power plant
Waste gasification-to-energy technology company EQTEC has signed a memorandum of understanding (MoU) with Pt. CITRA Metro Jaya Energi, which is part of the Energy division of the Indonesian Citra Metro Group, to supply its ‘EQTEC Gasifier Technology’ (EGT) for a 12 MWe power plant in Hanoi, Vietnam.
Former Stobart CEO Andrew Tinkler gets the sack
Stobart Group, the owner of Southend Airport, has sacked director and former chief executive Andrew Tinkler - who was said to have been seeking to oust the company's chairman - with immediate effect following the receipt of "comprehensive legal advice".
Primary Health Properties buys Moredon Medical Centre in Swindon
Primary Health Properties said on Thursday that its wholly-owned subsidiary has bought the Moredon Medial Centre, a standing let investment property in Swindon.
Diversified Gas & Oil to buy assets in Appalachian Basin for $575m
AIM-listed Diversified Gas & Oil has signed a non-binding letter of intent to buy a network of gas and oil producing assets in the Appalachian Basin in western Pennsylvania and eastern Ohio, for $575m in cash.
Progress 'satisfactory' on arms-length separation of BT and Openreach
Ofcom published its first progress report on the legal separation of Openreach from its parent company BT on Thursday, describing progress as “broadly satisfactory”.
British Land ups share buyback after selling 5 Broadgate
British Land extended its share buyback programme with an extra £200m to purchase its own shares in the current financial year after completing the £1bn sale of a City of London property.
Hg to take majority stake in Denmark's IT Relation
Hg Capital has agreed to invest in IT Relation, a Danish supplier of managed IT services to small and medium sized enterprises, it announced on Thursday.
Reabold takes over Gaelic Resources in £3m deal
Reabold Resources announced the acquisition of 100% of Gaelic Resources on Thursday, for the issue of 420 million new ordinary shares representing £3. 045m.
Pantheon reassures shareholders after death of operator's principal
Oil and gas exploration company Pantheon Resources updated the market on Thursday, reporting that following the recent death of Bobby Gray - the principal of Vision Resources, which operates Pantheon's leases - operations across its acreage had continued without disruption.
Unilever says its shares will probably leave FTSE 100
Unilever has said its shares will probably leave the FTSE 100 index when the company scraps its dual Anglo-Dutch corporate structure.
Musk's Boring Co wins bid for Chicago high-speed train
Elon Musk’s Boring Company is the winner of a bid to build a multibillion-dollar high-speed train to connect downtown Chicago with O’Hare International Airport.
Sky secures broadcast rights for more Serie A games in Italy
Sky's Italian arm won the rights to broadcast twice as many Serie A matches at third of the previous cost, after it split the broadcast right with Perform Group for a total of €973m per season.
BHP Billiton to spend $2.9bn on South Flank project
BHP Billiton said on Thursday that it will spend $2. 9bn on the South Flank iron ore project in the central Pilbara region of Western Australia.
Mothercare annual report fails to keep up with turbulence
Mothercare’s shareholders could face further confusion when they read the company’s annual report after a chaotic period at the mother and child retailer.
Man Group and AQR test ways to mimic private equity returns
Man Group, AQR and other asset managers are responding to the popularity of private equity investments by trying to replicate the sector’s returns at a lower cost than the real thing.
Consort Medical pleased with underlying results
Single source drug and delivery device company Consort Medical issued its audited results for the year ended 30 April on Thursday, with underlying revenue rising 5. 8% to £311. 1m, or 4. 4% at constant exchange rates.
N Brown start slowly as US drags, UK shop estate to close
Plus-size clothing retailer N Brown reported slimmer product revenue in the first quarter but remained confident in hitting full year forecasts.
SDX to consider future of South Ramadan after SRM-3 results
North Africa-focussed oil and gas company SDX Energy has spud its SRM-3 appraisal well at South Ramadan, Egypt, where it has a 12. 75% working interest as a non-operator, it announced on Thursday.
Syncona pleased with 'strong' returns at year-end
Syncona issued its final results for the year ended 31 March on Thursday, reporting “strong” returns and a net asset value increase, with positive performance across the company.