News And Announcements
Renewable power systems group Libertine plans float
Libertine Holdings, a maker of power systems for renewable energy sources, plans to raise £10m by listing shares on AIM to expand its business.
One Media IP Group trades in line despite 'general economic turbulence'
Digital music rights acquirer One Media IP Group said on Tuesday that it continues to trade in line with expectations despite "general economic turbulence" and wider shifts in the music industry.
Nanosynth shares slide after new strategy update
Nanosynth Group updated the market on its strategy on Tuesday, reporting that following the divestment of the non-core activities of Gyrometric and Cloudveil and the return of the mask manufacturing equipment to the supplier, it was now focussed on the development of its leading nanomaterials technology around Pharm2Farm.
Sound Energy enters gas sale deal over Tendrara second phase
Morocco-focussed upstream gas company Sound Energy has entered into a binding gas sale and purchase agreement over the phase two development of the Tendrara Production Concession, it announced on Tuesday.
Bezant mobilises drill rig to targets on Hope and Gorob
Copper-gold exploration and development company Bezant announced the mobilisation of a drill rig to test several new airborne electromagnetic (EM) targets in the vicinity of the Hope and Gorob copper-gold deposits in Namibia on Tuesday.
Glaxo poaches new head of vaccines Phil Dormitzer from Pfizer
GlaxoSmithKline said on Tuesday that it has appointed Phil Dormitzer as global head of vaccines R&D.
Inditex appoints founder's daughter as chair
Inditex, the owner of Zara and Massimo Dutti, has appointed the founder’s daughter as its new chair.
Oilex flags liquidity-related delays to shareholder parcel facility
Oilex updated the market on its unmarketable parcel facility on Tuesday, which it had set up for shareholders on 7 September.
Scottish Power, National Grid agree to pay £158m for subsea cable delay
National Grid and Scottish Power have agreed to pay £158m in redress for delays to the Western Link power cable project following an investigation by Ofgem, the energy regulator announced on Tuesday.
Hornby warns outlook unclear as Christmas looms
Hornby said disrupted supply chains made the financial outlook unclear as the toymaker approaches its busiest trading period in the run-up to Christmas.
Wise ups revenue guidance as transactions surge
Wise upgraded its revenue outlook as the money-transfer company reported first-half profit dented by employee and flotation costs.
Powerhouse partner HUI signs letter of intent with Simitli, Bulgaria
Waste plastic-to-hydrogen technology company Powerhouse Energy said on Tuesday that its development partner Hydrogen Utopia International (HUI) has signed a letter of intent with the City of Simitli in Bulgaria.
Ex-Goldman president Harvey Schwartz to chair new UK clearing bank
A sixth clearing bank for the UK was launched on Tuesday, with the Bank of London claiming to be the first pre-revenue bank in history to attain a valuation of $1. 1bn.
Sosandar trading ahead of full-year market expectations
Women’s fashion brand Sosandar said on Tuesday that it was trading ahead of full-year market expectations as it posted a jump in first-half revenue and a narrowing of its losses.
UK regulator orders Facebook owner to sell Giphy
Britain's competition watchdog has ordered Meta to sell Giphy in a landmark ruling against a completed big tech acquisition.
Ideagen outlines three-year plan for 'global leader' status
Information management software company Ideagen outlined its “ambitions and new targets” for the next three years on Tuesday, saying it aimed to become a “global leader” in the $30bn governance, risk and compliance (GRC) market opportunity.
New products make record revenue contribution for Gooch & Housego
Photonic components and systems company Gooch & Housego reported a 1. 6% rise in revenue in its annual results on Tuesday, to £124. 1m, or up by 6. 4% excluding foreign exchange.
GB Group revenue, adjusted profit rises in first half
Location, identity and fraud specialist GB Group reported a 5. 4% improvement in revenue in its half-year results on Tuesday, to £109. 2m, as its organic revenue at constant currency was ahead 12. 6% at £108. 7m.
Pan African secures new ZAR 1bn revolving credit facility
Pan African Resources said on Tuesday that its new ZAR 1bn (£46. 4m) revolving credit facility had become effective on 25 November.
Activist urges Glencore to spin off coal assets
Activist investor Bluebell Capital Partners has called on Glencore to spin off its thermal coal business as part of a strategic and governance overhaul, according to reports.