News And Announcements
Faron Pharmaceuticals wins dispute with Rentschler at tribunal
Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Tuesday that the arbitration tribunal appointed by the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) had ruled in its favour in its case against Rentschler Biopharma.
Babcock-led partnership awarded 100m gbp electronic warfare contract
The Ministry of Defence has awarded a £100m contract to a consortium of firms led by Babcock to "deliver cutting-edge electronic warfare systems to the Royal Navy".
System1 files trademark complaint in US court
System1 announced on Tuesday that, on 27 September, its US and UK subsidiaries System1 Research Incorporated and System1 Research Limited, filed a complaint for trademark infringement, unfair competition and deceptive trade practices.
Corporate governance overhaul set to be 'scaled back' - report
Plans to ramp up the UK's corporate governance and audit rules have been partially scaled back, it was reported on Tuesday.
Numis ups profit forecast, target price for Savills
Numis has upped both profit forecasts and its price target for Savills after a buoyant update from the upmarket estate agent.
Shepherd Neame swings to loss after Covid closures
Pub group Shepherd Neame said on Tuesday that it swung to a full-year loss as it took a hit from pub closures due to Covid restrictions.
Revenues fall, losses narrow for Genedrive
Near-patient molecular diagnostics company Genedrive reported revenue of £0. 7m in its final results on Tuesday, down from £1. 1m year-on-year.
GE to split into three companies, shares jump
General Electric is to break itself up, the US industrial giant announced on Tuesday, as it looks to cut debt and transform itself into a pure-play aviation specialist.
James Cropper reports rise in full-year revenue, earnings
Paper products and materials company James Cropper reported first-half revenue of £49. 8m on Tuesday, rising from a restated £34m a year earlier, as its adjusted operating profit grew to £2. 5m from £1. 6m.
Orosur Mining reports progress at Anza Project
Orosur Mining updated the market on the Anzá Project in Colombia on Tuesday, reporting that assay results for five additional diamond drill holes had been received from the ALS laboratory in Lima, Peru.
Investor morale jumps in Germany despite price pressures
Investor confidence in Germany has surged, a closely-watched survey showed on Tuesday, beating expectations.
Ideagen acquires Aussie firm CompliSpace for initial £58m payment
Information management software company Ideagen announced the acquisition of Compliance Technology Holdings, trading as ‘CompliSpace’, for an upfront consideration of AUD 105m (£57. 7m) and a deferred conditional earnout of up to AUD 5m on Tuesday.
Renewi surges as it lifts full-year expectations
Recycling company Renewi lifted its full-year expectations on Tuesday following a "strong" first-half performance.
Kath Kearney-Croft tapped for role of Learning Technologies' CFO
Digital education and talent management company Learning Technologies announced the appointment of Katharina ‘Kath’ Kearney-Croft as its new chief financial officer on Tuesday, with immediate effect.
Supermarket prices surge as cost pressures bite
Grocery price inflation has surged to a 14-month high, industry data showed on Tuesday, further squeezing already under-pressure household finances.
Renalytix inks partnership with US healthcare provider St Joseph's
Renalytix announced a partnership with St Joseph's Health on Tuesday, to implement an advanced clinical care model designed to improve kidney health in patients with type-2 diabetes and early-stage chronic kidney disease.
ITM Power agrees heads of terms to buy new Sheffield site
Energy storage and clean fuel technology company ITM Power has agreed heads of terms to acquire a site for its second UK factory in Tinsley, Sheffield, from the University of Sheffield, it announced on Tuesday, at a cost of £13. 4m.
Warehouse REIT turns in strong first-half performance
Specialist commercial property investor Warehouse REIT reported continued strong rent collection performance in its half-year results on Tuesday, with 92. 1% of rent due collected as at 4 November.
Blue Prism sees net new bookings decline in second half
Automation technology company Blue Prism said in a trading update on Tuesday that total bookings including renewals were expected to be around £221m for its financial year just ended, rising from £180m last year.
Oxford Instruments H1 revenues and adjusted operating profits grow
Research tools manufacturer Oxford Instruments said on Tuesday that both revenues and adjusted operating profits had grown in the six months ended 30 September.