News And Announcements
Airtel Africa targets £3.6bn valuation for London IPO
Airtel Africa on Monday set its London IPO price at 80-100 pence per share, targeting a valuation of up to £3. 6bn.
Amerisur makes progress at CPO5, sells 50pc interest in Put-8
South America-focussed oil and gas producer and explorer Amerisur Resources updated the market on its operations in Colombia on Monday, reporting that logging operations on the Sol-1 exploration well at block CPO5 were now complete.
European Metals Holdings pleased with update to Cinovec project economics
European Metals Holdings announce the results from the update of the process flowsheet previously developed to enable the production of lithium hydroxide on Monday, explaining that the work was completed in conjunction with test work confirming the production of battery grade lithium hydroxide from Cinovec ore.
Sotheby's to be taken private by Altice founder in $3.7bn deal
Sotheby's has agreed to be bought by BidFair USA, a company owned by Altice founder and art collector Patrick Drahi, for $3. 7bn.
Pfizer to buy cancer drug developer Array Biopharma in $11.4bn deal
Shares in cancer drug developer Array Biopharma rocketed on Monday after it agreed to be bought by Pfizer in a deal worth $11. 4bn.
Superdrug profits drop in 'challenging times', but sales rise
Profits at Superdrug fell last year amid "challenging times", but revenues at the retailer rose on the back of new store openings and as the hot summer boosted sales.
Huawei will cut production by $30bn as international sales slide
The founder of Huawei said the company will slash its production by $30bn over the next two years as a result of the restrictions placed by the US on the Chinese telecoms giant.
Kier to cut 1,200 jobs as it looks to make annual savings of £55m
Construction group Kier will cut about 1,200 jobs as it looks to reduce debt and deliver annual cost savings of around £55m from 2021.
Eurasia Mining applies for new exploration license area at Tipil
Palladium, platinum, iridium, rhodium and gold production company Eurasia Mining reported on Monday that an application for a new exploration license area, Tipil, adjacent the current West Kytlim mining license, had been lodged for approval.
Staffline shares tumble as it scraps dividend, plans capital raising
Recruiter Staffline saw its shares tumble on Monday as it scrapped its dividend and announced plans to raise £37m to reduce debt.
BATM launches new network technology in partnership with NXP Semiconductors
Real-time networking and medical laboratory systems provider BATM Advanced Communications has developed a new technology under its long-standing partnership with NXP Semiconductors, to enable a “significant increase” in network traffic without requiring an increase in computing power when licensing its ‘NFVTime’ product on certain NXP processors built on ARM core technology, it announced on Monday.
Jangada makes good progress with proposed sale of Pedra Branca
Natural resources company Jangada Mines updated the market on the proposed sale of Pedra Branca do Brasil Mineracao - the entity that holds Pedra Branca - to the TSX-V listed ValOre Metals Corporation on Monday.
Audioboom agrees $4m special purpose vehicle to secure 'top talent'
Podcast production and distribution company Audioboom has agreed a new content funding facility with SPV Investments - a special purpose vehicle (SPV) which has been established and is owned equally by Michael Tobin, the company's chairman, and Candy Ventures, the firm’s largest shareholder, it announced on Monday.
Babcock confirms rejection of Serco bid approach
Babcock on Monday confirmed it had rejected in January a “highly preliminary” all-share takeover approach from outsourcing rival Serco.
Lufthansa warns on profits amid growing competition
Lufthansa cut its 2019 outlook on Monday as it warned that market-wide overcapacities and "aggressively" growing low-cost competitors are putting pressure on yields in the European short-haul market.
Bank of Georgia buys e-commerce platform extra.ge
Bank of Georgia has announced the acquisition of Georgian e-commerce platform, extra. ge, for an undisclosed sum.
RBS says Saudi bank merger will aid focus on 'key' markets
Royal Bank of Scotland said on Monday that the completion of the merger between Saudi British Bank and Alawwal bank would result in shedding £4. 7bn of risk weighted assets and boost its core capital.
Keywords Studios CFO steps down
Keywords Studios said on Monday that David Broderick will be stepping down as chief financial officer for personal reasons.
Terveystalo taking over operations of Finland's Welfare District of Forssa
Finnish healthcare provider Terveystalo announced on Monday that it would buy the occupational health operations of the Welfare District of Forssa via an agreement signed on 17 June.
Uniphar seeking EUR 150m listing in London and Dublin
Irish pharmaceuticals wholesaler and retailer Uniphar announced its intention to raise up to €150m by placing new ordinary shares, and to seek admission of all of its shares to trading on the AIM and Euronext Growth markets of the London Stock Exchange and Euronext Dublin on Monday.