News And Announcements
Essentra mulls filters sale in shift to components only
Essentra said it was considering selling its filters business as a first step to becoming a pure-play components business as the company said its results were on track to meet full-year expectations.
Reckitt ups guidance as cold and flu sales rise
Reckitt Benckiser upgraded its 2021 revenue outlook as sales of cold and flu remedies helped the consumer goods company reported stronger than expected third-quarter trading.
Amazon to host UK spy agencies' data - report
The UK's spy agencies have signed a deal with Amazon for the tech giant to host classified material to boost the use of data analytics and artificial intelligence in espionage, according to a report.
Retail prices to rise before Christmas - BRC
UK shoppers face rising prices in the run-up to Christmas after the cost of goods increased for the third month running, the British Retail Consortium said.
Arden Partners surges on all-share offer from Ince Group
Small and mid-cap investment banking advisory firm Arden Partners saw its shares rocket higher on Tuesday afternoon, after an all-share offer for the company was announced by the Ince Group.
BT said to be boosting defences against possible Altice bid
BT shares surged on Tuesday following a report the telecoms group has moved to strengthen its defences against a possible takeover bid by French billionaire Patrick Drahi, by hiring advisory firm Robey Warshaw.
Cambridge Cognition secures contract for 'sizeable' schizophrenia trial
Digital brain health technology company Cambridge Cognition has secured a contract for a further sizeable schizophrenia trial with an existing customer, it announced on Tuesday.
Entain shares slide as DraftKings walks away
Entain shares tumbled on Tuesday after US-based DraftKings said it will not be making a firm offer for the London-listed gambling group.
Kromek awarded seven-year supply deal by US-based OEM
Medical, security and nuclear detection technology company Kromek has been awarded a seven-year supply agreement by a US-based, “sector-leading” industrial original equipment manufacturer (OEM), with a global customer base.
ReNeuron enters cancer therapy collaboration with UCL
Cell-based therapeutic specialist ReNeuron has entered a collaboration agreement with University College London (UCL), it announced on Tuesday, to conduct research into the generation of immune cells from induced pluripotent stem cells (iPSCs), for anti-cancer cell therapies.
Schroders buys River & Mercantile solutions arm for £230m
Schroders has agreed to buy the solutions division of River & Mercantile for £230m to expand its services for pension fund clients.
SmartSpace recurring revenues improve as losses widen slightly
Workspace management software company SmartSpace reported an 8. 8% improvement in total group revenues in its first half on Tuesday, to £2. 52m.
Agronomics puts in another EUR 3m in Solar Foods funding round
Cellular agriculture investor Agronomics has participated in the €6m bridge round for investee company Solar Foods for €3m, it announced on Tuesday, in the form of a convertible loan note.
Angus Energy 'validated' by updated Saltfleetby report
Angus Energy reported on the updated competent persons report (CPR) for the Saltfleetby Gas Field on Tuesday, which reflects higher revenues expected from the field.
Cobre sales remain muted as Strategic Minerals works on future
Strategic Minerals updated the market on its cash position and ore sales at the Cobre magnetite operation in New Mexico for the September quarter on Tuesday, reporting that annual sales totalled $2. 87m for the 12 months ended 30 September.
Ikea set to take over former Oxford Street Topshop
Assemble-at-home furniture giant Ikea is setting up shop in the heart of the West End, buying the flagship site of failed high street fashion stalwart Topshop on Oxford Street.
3M narrows FY earnings guidance on supply chain issues
Post-It maker 3M posted a jump in third-quarter sales on Tuesday but downgraded its earnings guidance for the year to reflect global supply chain disruptions.
GE beats market forecasts on Q3 earnings, revenue misses
General Electric beat Wall Street expectations on third quarter earnings on Tuesday, as its jet engine operations continued to bounce back from their Covid-19 valleys.
Petrofac announces $275m capital raise to pay bribery fine
Oilfield services provider Petrofac announced a $275m (£199. 6m) placing and open offer on Tuesday, the proceeds of which will be used to reduce debt and pay a £77m fine relating to bribery offences in the Middle East.
Sylvania Platinum confident in future despite market difficulties
Sylvania Platinum reported record platinum group metals (PGM) performance from Tweefontein in its first quarter on Tuesday, contributing towards Sylvania Dump Operations (SDO) achieving 15,771 4E PGM ounces in the three months ended 30 September despite the temporary production suspension at Lesedi, though that was down from 16,289 ounces quarter-on-quarter.