News And Announcements
Diversity strategy a winner so far for Vitesse Media
Digital media and events business Vitesse Media announced the launch of its ‘DiversityQ’ brand on Friday, and updated the market on its live events business.
Global Ports appoints Vladimir Bychkov as next CEO
Global Ports Investments announced the appointment of Vladimir Bychkov as its chief executive officer on Friday, effective from 16 July.
Kibo clarifies it's still in power purchase discussions with TANESCO
Multi-asset Africa-focused energy and resource company Kibo Mining was forced to respond to media speculation around its relationship with the Tanzania Electric Power Supply Company (TANESCO) on Friday.
First Property Group joins other investors in Transylvanian office building
Property fund manager and investor First Property Group said on Friday that it has, in conjunction with a club of investors, acquired the Maestro office building, located on 21 Decembrie 1989 Boulevard, in Cluj-Napoca, Romania.
Target Healthcare buys two more luxury care homes
Specialist care homes investor Target Healthcare has completed the acquisition of two “luxury” properties in Cirencester and Camberley, it announced on Friday, for a total consideration of £37m including acquisition costs.
TalkTalk tanks as it pulls the plug on B2B business sale
Shares in TalkTalk tanked on Friday afternoon after the company said it had jointly agreed with Daisy Group not to go ahead with the sale its direct B2B business that was announced last month.
Echo signs on Rothschild's Martin Hull as its next CFO
Latin America-focussed upstream oil and gas company Echo Energy announced the appointment of Martin Hull as its chief financial officer on Friday, with effect from 1 August.
Lloyd's of London CEO Inga Beale to step down
Lloyd’s of London said on Friday that chief executive officer, Dame Inga Beale, will step down next year after leading the global insurance and reinsurance market for five years.
Glenveagh makes huge progress since IPO last year
Irish housebuilder Glenveagh Properties updated the market on its trading and outlook on Friday, reporting that its first year as a public company had been marked by “strong achievements” and progress across all its objectives.
Fastjet flies higher after successful cash call
Shares in Fastjet surged on Friday just days after it warned it could go bust, as the low-cost airline successfully raised $10m in a placing and subscription.
Tobacco companies lose WTO ruling on plain packaging
Australia has won a landmark World Trade Organisation ruling to require cigarettes to be sold in plain packs without any striking logos or fonts, which could bring a new wave of tobacco restrictions around the world.
Action Hotels gets bid approach from largest shareholder
Shares in Action Hotels rose sharply on Friday after it agreed to a possible cash offer from its largest shareholder, Action Group.
Integumen said discussions and fundraising for Cellulac acquisition still happening
Integumen updated the market on its proposed acquisition of Cellulac on Friday, reporting that discussions with Cellulac and due diligence were ongoing, as was the process of raising funds for the proposed transaction, as well as Integumen’s ongoing requirements.
Maintel takes on Atos customer base in £5.1m deal
Managed communications provider Maintel Holdings announced a strategic partnership with Atos, and the acquisition of certain UK customer contracts, with a total net consideration of £5. 1m on Friday.
BBGI takes chunk of health centre in Montreal through SNC-Lavalin partnership
Public-private partnership infrastructure investment company BBGI SICAV has now completed its investment in the McGill University Health Centre (MUHC), it announced on Friday, which was an investment made through the existing strategic partnership it had with SNC-Lavalin Group.
Prosafe extends standstill as its seeks 'workable solution' with COSCO
Semi-submersible accommodation vessel owner and operator Prosafe issued an update to the market on Friday, saying it remained “committed” to its fleet high-grading and renewal strategy, and was continuing to work with COSCO Shipping to find a workable commercial solution.
John Laing confident of more PPP investments in second half
John Laing Group has invested £40m so far in 2018 but still expects to invest around £250m this year, with bidding activity picking up from a slow start and now "very active" in its core markets.
Serco making progress in 'less than ideal' trading conditions
Outsourcing giant Serco Group updated the market on its trading on Friday, ahead of its first half results due in early August, saying that for the first six months of the year it expected to report revenue of around £1. 35bn, and underlying trading profit of between £35 and £40m.
Elementis to buy talc additives maker Mondo Minerals
Specialty chemicals group Elementis has agreed to buy Netherlands-based industrial talc additives producer Mondo Minerals from Advent International for an enterprise value of $600m on a cash free, debt free basis.
Indivior still waiting as US court delays Dr Reddy's decision
A US judge has extended a temporary restraining order on Dr Reddy's Laboratories, preventing the US company from launching a rival generic version of Indivior's treatment for opioid addiction prior to a decision on a full injunction.