News And Announcements
Italy motorway bridge collapse near Genoa kills at least 22
A large section of motorway bridge collapsed onto houses in the northern port city of Genoa on Tuesday killing at least 22 people, officials said.
BT approaches former Ofcom boss for vacant CEO role
BT Group is considering former Ofcom boss Stephen Carter, former EE chief executive Olaf Swantee and Alison Kirkby, chief executive of Swedish telecoms operator Tele2, for the role chief executive, according to reports from Sky News on Tuesday.
John Menzies profits rise; CMA to probe Airlines Services acquisition
Logistics group John Menzies posted a rise in first-half profit thanks to higher cargo volumes on the same day that the Competition and Markets Authority referred its purchase of Airlines Services for an in-depth investigation.
Esure agrees £1.2bn takeover by Bain Capital; weather claims dent H1 profit
Esure said on Tuesday that it has agreed to be bought by private equity firm Bain Capital for 280p a share in cash, as it posted a drop in first-half pre-tax profit, partly on the back of adverse weather-related claims costs.
WPP buys US branding and content agency HZ
WPP has bought US branding, content and design agency, Hirshorn-Zuckerman Design Group (HZ), for an undisclosed sum.
Antofagasta H1 profits fall on lower sales tonnage, grades
Lower sales tonnages and copper grades combined with higher costs hit interim profits at Antofagasta as it cut its dividend, although the miner said it expected a better second half.
FDA accepts new drug application for Motif Bio's iclaprim
Clinical-stage biopharmaceutical company Motif Bio announced on Tuesday that the US Food and Drug Administration has accepted for filing its new drug application (NDA) for iclaprim - a targeted, gram-positive investigational antibiotic, for the treatment of acute bacterial skin and skin structure infections (ABSSSI).
Gulfstream chooses ClearStar as preferred labour screening provider
Background check technology and service provider ClearStar has been named the preferred contract labour screening provider by Gulfstream Aerospace Corporation, which designs, manufactures and supports business-jet aircraft, it announced on Tuesday.
D4T4 Solutions wins a series of new contracts
Data solutions provider D4T4 Solutions reported a number of new contract wins in key vertical sectors for its data management and data collection business areas during the first months of the current year on Tuesday.
Altus Strategies reports good copper and gold results at Daro
Africa-focussed exploration project generator Altus Strategies updated the market on its exploration activities at its 100%-owned 411. 7 square kilometre Daro copper-gold project in the Tigray province of northern Ethiopia on Tuesday.
Galileo confirms start of second drilling programme at Star Zinc
Galileo Resources announced the commencement of a second diamond-drilling programme on its “highly prospective” 85%-owned Star Zinc Project in Zambia on Tuesday.
Wolf Minerals executes necessary agreements to start funding flow
Specialty metals producer Wolf Minerals has now executed all necessary full form standstill and amended and restated agreements relating to its debt facilities with its existing senior lenders and bridge loan facility with Resource Capital Fund VI, it announced on Tuesday, to support its short-term working capital requirements until 28 October.
Netcall secures £1.6m contract renewal with UK bank
AIM-listed Netcall has secured a minimum £1. 6m three-year contract renewal with a "leading" UK bank for its low-code platform, MATS.
Homebase risks 1,500 jobs with planned closure of 42 stores
The owner of struggling DIY chain Homebase is to announce the planned closure of 42 stores, putting 1,500 jobs at risk, on Tuesday afternoon.
Sports Direct boss shares House of Fraser plans, Debenhams rallies
Shares in Debenhams jumped on Tuesday on speculation of a takeover by Sports Direct after Mike Ashley pledged to keep most of House of Fraser stores open.
Origin completes one Brazil investment, makes progress with another
Agricultural services group Origin Enterprises has completed the acquisition of a 65% controlling interest in the Brazil-based speciality nutrition and crop inputs business Fortgreen Commercial Agricola, following the satisfaction of all conditions, it announced on Tuesday.
Falanx finally reaches EBITDA profitability after year-end
Cybersecurity and intelligence services provider Falanx Group issued its audited results for the year ended 31 March on Tuesday, reporting revenues of £3. 0m, up from £2. 7m, and an improved gross margin of 31%, compared to 20% in the prior year.
Marshall Motor first-half profit rises despite dip in revenue
Marshall Motor posted a small rise in first-half underlying profit on Tuesday even as revenue edged down.
Premier African Minerals raises £0.75m to see it through December
Premier African Minerals announced a placing on Tuesday to raise £0. 75m before expenses, at an issue price of 0. 18p per new ordinary share.
MXC ups stake in Castleton through conversion of loan notes
Technology-focussed advisor and investor MXC Capital has served a conversion notice with respect to the remaining convertible loan notes it holds in Castleton Technology, together with the accrued interest, amounting to £632,495 in total, it announced on Tuesday.