News And Announcements
Concordia investment in Pearlside bolsters DekelOil investment in cashews
West Africa-focussed agricultural company DekelOil Public announced on Thursday that its investee company Pearlside Holdings has successfully completed an equity investment with Hong Kong-based private equity company Concordia Corporation.
ITM Power pleased with trading as pipeline grows
Energy storage and clean fuel company ITM Power updated the market on its trading on Thursday, reporting that the delivery of completed projects increased “significantly” in the second half of its financial year ended 30 April, as expected.
Berenberg starts Hurricane Energy at 'buy', says 'first oil' announcement imminent
Analysts a Berenberg kicked-off their coverage of Hurricane Energy with a 'buy' recommendation and a 100. 0p target price ahead of the expected announcement of first oil at Lancaster, which they predicted would come in the next few days.
Vast Resources raises £0.9m through placing
Mining company Vast Resources has raised £0. 9m before costs through a placing of 775,862,068 ordinary shares at a price of 0. 116p each, it announced on Thursday.
Tighter emissions rules a boost for Johnson Matthey
Speciality chemicals company Johnson Matthey posted a 53% rise in pre-tax profits as tighter regulation in Europe and China helped its clean air division which makes automotive catalytic converters.
Aptitude Software to sell Microgen in £51m deal
Business software and services provider Aptitude Software Group has entered into an agreement to sell the entire issued share capital of its wholly-owned subsidiary Microgen Financial Systems (MFS) to Moscow Bidco, it announced on Thursday.
Sir Hossein Yassaie formally appointed as Frontier Smart Technologies chairman
Digital radio and smart internet-of-things (IoT) device company Frontier Smart Technologies announced on Thursday that its existing senior independent non-executive director Sir Hossein Yassaie had transitioned to, and been formally appointed as, chairman of its board.
Panthera Resources takes option to purchase 'promising' Labola Project
India and West Africa-focussed gold exploration and development company Panthera Resources has decided to move to a full option-to-purchase agreement following its successful due diligence investigation of the Labola Project in Burkina Faso, West Africa, it announced on Thursday.
De La Rue boss to depart after losing UK post-Brexit passport gig
UK banknote printer De La Rue announced on Thursday that Martin Sutherland had agreed with the Board of the company to step down as Chief Executive Officer and as a Director of the Company.
KRM22 buys Dutch risk management tech firm Object+
Risk management technology and software company KRM22 has entered into an agreement to acquire Object+ Holding, it announced on Thursday, with completion of the acquisition expected to take place within three business days of the date of signing the agreement.
Mereo BioPharma releases 'encouraging' data from setrusumab study
Clinical stage biopharmaceutical company Mereo BioPharma Group announced encouraging six-month data from the open label arm of its phase 2b dose-ranging clinical study in adults with type I, III or IV osteogenesis imperfecta (OI) treated with BPS-804 (‘setrusumab’), or the ‘ASTEROID’ study, on Thursday.
Greencoat UK Wind raises £375m through share issuance programme
Greencoat UK Wind announced the results of its initial placing and initial offer for subscription on Thursday, under its share issuance programme, which was initially announced on 2 May.
Shares in Daily Mail owner soar after positive interims
Shares in the owner of the right-wing tabloid Daily Mail rose sharply on Thursday after the company reported a 19% rise in adjusted interim pre-tax profits.
Equiniti completes technical separation of US division from Wells Fargo
Technology-led services and payments specialist Equiniti Group announced the completion of the technical separation of its EQ US division from Wells Fargo on Thursday.
Restaurant Group trading in line as it confirms CEO handover plans
Casual dining operator The Restaurant Group confirmed on Thursday that, following the appointment of Andy Hornby as its new chief executive officer on 2 May, he would join the business as CEO and be appointed to the board with effect from 1 August.
TR Property looking stable amid wider market uncertainty
TR Property Investment Trust reported a 5. 8% improvement in its net asset value per share in its full-year results on Thursday, to 418. 54p.
Inmarsat partners with Airbus for massive GX network upgrade
Satellite communications giant Inmarsat announced on Thursday that Airbus Defence & Space has been selected as its satellite manufacturing partner, as part of what it called a “ground-breaking” development of its ‘Global Xpress’ (GX) network.
FirstGroup jumps after announcing intention to sell Greyhound unit, separate First Bus
FirstGroup delivered a better than expected full-year performance, on the back of strength in its North American operations, outside of its Greyhound coach unit, and announced the results of a wide-ranging strategy review, including the proposed sale of the iconic coach franchise in the States and the separation of its First Bus operations in the UK.
Imperial Brands refutes Nielsen sales estimates
Imperial Brands said on Thursday that industry figures published the day before by Nielsen showing a big drop in sales were wide of the mark.
'Blue planet effect' provides momentum for Pennon
Water utility and waste management group Pennon said full year underlying earnings rose 8. 3%, driven by its waste recycling unit and greater awareness triggered by the BBC's 'Blue Planet' television series.