News And Announcements
PureGym expands London estate with Soho Gyms acquisition
PureGym has completed the acquisition of Soho Gyms and its 10 fitness clubs, all of which it said were based in prime London locations, and were “highly complementary” to PureGym's existing estate.
Sativa Investments shares ride wave of medicinal cannabis press
Sativa Investments, the UK's only medicinal cannabis investment vehicle, noted the recent rise in its share price on Friday, reporting that while it had made investments to date, it was unaware of any specific reason for the recent movement.
House of Fraser CVA plans wins backing
Creditors of House of Fraser have backed the department store group's plan to avoid going into administration and will see 31 of its 59 stores close with the loss of up to 6,000 jobs.
TomCo gets approval to begin field test at Holliday Block
Oil shale exploration and development company TomCo Energy updated the market on its Holliday Block and the forthcoming field test programme on the block of TurboShale’s RF technology on Friday, reporting that the Utah Division of Oil, Gas and Mining (DOGM) has approved its notice of intention to conduct exploration on the Holliday Block.
Inmarsat rockets as potential suitor Echostar takes stake
Satellite operator Inmarsat surged as potential suitor, US rival Echostar, disclosed a stake in the company.
Airbus warns it would leave UK in no-deal Brexit scenario
European aviation giant Airbus warned overnight that it could leave Britain if the country exits the European Union in 2019 without a transition deal.
Katoro Gold buys Tanzania nickel project through Kibo Nickel acquisition
Tanzania-focussed exploration and development company Katoro Gold has entered into a conditional agreement to acquire Kibo Nickel and its wholly-owned subsidiary, Eagle Exploration, from its majority shareholder Kibo Mining, it announced on Friday.
Nitrogen lift continues at 88 Energy's Project Icewine
Nitrogen lift was continuing at Project Icewine, 88 Energy said on Friday, as it updated the market on its projects located on the North Slope of Alaska.
Cambian Group pleased with year's progress so far
Specialist education and behavioural health services provider Cambian Group updated the market on its current trading on Friday, reporting that its focus this year had been to continue to improve the quality of its services whilst re-positioning services to higher severity, with corresponding fee increases.
Jobs saved for now as Augean sells Colt assets
Specialist waste management business Augean announced the sale of its Colt fixed assets on Friday, following its announcement on 16 May that it had been decided to consult with staff to reduce costs through the potential closure of the Colt site and the disposal of unwanted assets.
CityFibre shares disappear as nascent broadband firm goes private
Shares in one of Britain’s fastest-growing fibre broadband networks disappeared from the London Stock Exchange on Friday morning, as CityFibre officially went private.
Chaarat board excited by latest reports from Tulkubash drilling
Exploration and development company Chaarat Gold updated the market on its 2018 exploration drilling programme at its Tulkubash oxide gold project in the Kyrgyz Republic ion Friday, reporting that 3,750 metres had been drilled to date from the planned 30,000 metres.
Recent account wins give Next Fifteen board added confidence
Digital communications company Next Fifteen Communications Group updated the market on its trading on Friday, reporting that it had made a “good start” to the new financial year with a continuation of trading patterns from the previous quarter.
Odey funds to be a big participant in Tri-Star Resources fundraising
Tri-Star proposed a conditional placing to raise £13m by the issue of ordinary shares at a price of 43p each on Friday, by way of an accelerated bookbuilding process.
MHRA keeps Santhera's Raxone available to patients with 'clear unmet need'
Santhera Pharmaceuticals announced on Friday that the UK's Medicines and Healthcare products Regulatory Agency (MHRA) has renewed the Early Access to Medicines Scheme (EAMS) scientific opinion for ‘Raxone’ (idebenone), for patients with Duchenne muscular dystrophy (DMD) in respiratory function decline who are not taking glucocorticoids.
Imaginatik signs contract with European wine producer
AIM-listed Imaginatik, which offers end-to-end innovation management software and services for business, said on Friday that it has signed a contract with a European wine producer.
Winkworth to return £1.15m of surplus funds to shareholders
Real estate group Winkworth has announced plans to return around £1. 15m of surplus funds to its shareholders.
Autolus confirms Nasdaq IPO pricing, boosts Syncona, WPCT, Arix
Cancer-focused biopharma company Autolus Therapeutics priced its Nasdaq initial public offer at the top end of its $15-17 indicated range ahead of its trading debut on Friday, giving a boost for London-listed backers Syncona, Woodford Patient Capital fund and Arix Bioscience.
Shire analysis reveals encouraging Onivyde insights
Shire presented the results of a widespread review of metastatic pancreatic cancer across nine countries and said there was a benefit witnessed for those undergoing a combined treatment with Onivyde, a drug for which it holds a licence outside of the US.
Italian regulator approves Playtech's Snaitech acquisition
Italian financial market regulator, Consob, has approved gambling software group Playtech’s mandatory takeover offer for the remaining shares of Snaitech it does not own.