News And Announcements
Cambridge Cognition wins contracts for two clinical trials
Brain health technology company Cambridge Cognition has been awarded contracts for two clinical trials by an unnamed “top 20” pharmaceutical company, it announced on Monday, to assess the pro-cognitive effects of a new drug in schizophrenia.
Virgin Media O2 customers won't face roaming charges
Recently-merged Virgin Mobile and O2 on Monday said their mobile phone customers would not face European Union roaming charges after rivals broke pledges and reintroduced them after Brexit.
Bens Creek upbeat on results of coal analysis
North American metallurgical coal miner Bens Creek announced the results of the initial quality analysis of its stock of metallurgical coal on Monday, following the start of production in December at its West Virginia site.
Quartix earnings set to be 'substantially ahead' of forecasts
Subscription-based vehicle tracking technology company Quartix Technologies said in a trading update on Monday that it expects revenue and free cash flow to be in line with consensus market forecasts for 2021, at £25. 6m and £3. 8m, respectively.
Take-Two Interactive to buy Zynga in $12.7bn deal
Grand Theft Auto maker Take-Two Interactive has agreed to buy Zynga in a $12. 7bn deal.
Wilko could axe 15 stores as talks start on leases
UK retailer Wilko could close up to 15 stores this year as it opens up talks with landlords over “outdated lease arrangements”, the company said on Monday.
Frenkel Topping acquires Cardinal Management for initial £5m payment
Professional and financial services company Frenkel Topping announced the acquisition of Cardinal Management on Monday, for a total possible consideration of £10m in cash.
Microsaic revenues set to 'significantly exceed' 2020 levels
Spectrometry instrument technology company Microsaic Systems said in a trading update on Monday that revenues for 2021 “significantly exceeded” 2020, recovering to a level “slightly ahead” of the pre-pandemic benchmark in 2019.
Impax assets under management top £40bn for first time
Specialist investor Impax Asset Management reported assets under management of £41. 4bn as at 31 December in a trading update on Monday.
ITM Power gets funding as part of German federal hydrogen project
ITM Power announced on Monday that its wholly-owned subsidiary ITM Power GmbH has been approved for a €1. 95m award for the ‘SINEWAVE’ project, as part of the German Ministry of Education and Research’s (BMBF) hydrogen flagship project ‘H2Giga’.
Renalytix inks partnership with Singing River Health System
Renalytix announced a partnership with Singing River Health System to deploy ‘KidneyIntelX’ informed care management on Monday, to improve kidney health in individuals with type-2 diabetes and early-stage chronic kidney disease.
Aston Martin chairman reportedly gauged interest of Ford exec in top post
Aston Martin approched a top Ford executive to find out if he would be interested in taking over the top spot at the sports car-maker.
Owens & Minor agrees $1.6bn acquisition of Apria
United States healthcare logistics company Owens & Minor has agreed to acquire home healthcare equipment supplier Apria for $37. 50 in cash per share, it announced on Monday, representing an equity value of $1. 45bn.
GlobalData flags year of 'strong' organic growth
Business information company GlobalData said on Monday that it expected to report another year of “strong” organic growth, driven by momentum in subscription revenue and further expansion of EBITDA margin.
Shares plummet as Avacta pauses sale of lateral flow tests
Avacta Group has suspended sales of its antigen lateral flow tests, causing the AIM-listed firm’s share price to plummet.
Tortilla wraps up better-than-expected year
Mexican restaurant group Tortilla said on Monday that full-year revenue and profits were "materially ahead" of its expectations following stronger trading in the fourth quarter, despite the emergence of the Omicron Covid variant.
Rolls-Royce appoints Rob Watson as president of Electrical
Rolls-Royce has appointed Rob Watson as president of the Electrical business with effect from 1 January.
Marks Electrical delivers record third quarter
Online electricals retailer Marks Electrical reported a record third quarter of trading on Monday, with revenue growing 27. 4% year-on-year to £22. 3m.
Nightcap upbeat despite Covid hit
Shares in Nightcap sparked on Monday after the bar operator struck an upbeat note despite the Christmas trading period being heavily disrupted by the pandemic.
Novartis to licence new Covid-19 treatment
Novartis is to licence a new Covid-19 treatment following positive clinical trials, the Swiss drugs firm said on Monday.