News And Announcements
ME Group confident after strong first half
ME Group International reported strong trading for the six months ended 30 April in an update on Monday, with a 4. 6% increase in revenue, or 8. 6% excluding foreign exchange, and a 10. 3% rise in profit before tax, or 13. 6% notwithstanding currency effects, compared to the same period last year.
Diller Noble acquires Diamond Offshore for $1.6bn
Texas-based oil company Noble Corporation has announced plans to snap up Diamond Offshore Drillling for $1. 6bn.
Arecor Therapeutics shares tank on funding update
The share price of AIM-listed Arecor Therapeutics dropped by almost a third on Monday after the biopharma firm warned that its working capital requirements had "accelerated" while full-year revenues remain highly uncertain.
Gulf Marine Services confirms four-year contract
Gulf Marine Services, a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, confirmed the signing of the second phase of a four-year contract for one of its vessels operating in the Middle East on Monday.
Triple Point reports improved rent collection in first quarter
Triple Point Social Housing REIT reported a robust performance in the first quarter on Monday, with a significant increase in rent collection and ongoing rental growth.
CLS offloads two non-core assets for £11m
Commercial property investment group CLS Holdings has offloaded two properties for a combined £10. 7m, shedding non-core assets that were initiallly acquired as part of a larger portfolio purchase.
GSK's Arexvy vaccine approved for wider age range
US regulators have approved the use of GSK's Arexvy vaccine for a younger age group, the biopharma group announced on Monday.
Chemring signs deal with Northrop Grumman for missile material
Chemring said it had signed a 15-year deal partnering deal with US defence firm Northrop Grumman for the supply of HMX energetic material used in its missile programmes along with an order for the product worth $83m as demand for military weapons increased globally.
Pennon names David Sproul new Chair Designate
Pennon Group chose David Sproul, a former global deputy CEO at Deloitte, as its Chair Designate.