News And Announcements
Blackbird upbeat on prospects despite media slowdown
Cloud video editing technology developer Blackbird said in an update on Tuesday that over the last year, it had seen significant investment and transformation, notably with the launch of the Elevate. io multiplayer editor.
Hargreaves willing to recommend new takeover offer from CVC consortium
Hargreaves Lansdown said on Tuesday that it would be willing to recommend a firm takeover approach at 1,140p a share from a consortium led by CVC Capital Partners and has therefore requested an extension to the ‘put up or shup up’ deadline.
HSBC Swiss unit breached money laundering rules, says watchdog
Switzerland's financial watchdog said HSBC's private bank in the country had breached its obligations in the prevention of money laundering in connection with two unnamed "politically exposed" persons.
Hargreaves Lansdown to seek bid extension - report
Hargreaves Lansdown is reportedly set to extend talks with a consortium of private investors who have proposed buying the company in a deal worth about £5bn.
French equities now ‘most unloved’ in Europe - BofA survey
France has turned into investors’ most unloved European equity market after President Macron called a snap election, having been the most preferred last month, according to the latest European Fund Manager Survey from Bank of America.
Cordel inks deal with Middle East customer
Transport technology and artificial intelligence (AI) specialist Cordel Group announced a significant new customer contract in the Middle East on Tuesday.
Boston Scientific to buy Silk Road Medical in $1.26bn deal
Medical device company Silk Road Medical surged in pre-market trade on Tuesday after saying it had agreed to be bought by Boston Scientific in a $1. 26bn deal.
Premier African Minerals bullish about Zulu project
Premier African Minerals shares rose strongly on Tuesday after the mining company expressed confidence in its Zulu lithium and tantalum project in Zimbabwe.
Advanced Energy abandons pursuit of XP Power
Denver-based Advanced Energy Industries said on Tuesday that it does not plan to make a takeover offer for XP Power as it has not been able to access the due diligence necessary.
Whitbread confident on FY despite flat first quarter
Premier Inn owner Whitbread said it was confident on its full year outlook despite flat first quarter sales.
Clean Power Hydrogen gets CE-marking for electrolyser stacks
Green hydrogen technology and manufacturing company Clean Power Hydrogen announced on Tuesday that it has been awarded CE-marking for its membrane-free electrolyser (MFE) stacks.
RWS emission goals given the SBTi seal of approval
Technology-based language, content and intellectual property specialist RWS Holdings announced the approval of its near-term science-based emissions reduction target by the Science Based Targets initiative (SBTi) on Tuesday.
Carrefour shares plunge on reports of fine over franchise management
Shares of French supermarket giant Carrefour fell sharply on Tuesday, following reports from French media indicating that the economic and finance ministry had recommended a substantial fine against the company for its franchise network management.
Venice appeals court finds in favour of Quantum Blockchain subsidiary
Quantum Blockchain Technologies announced on Tuesday that the Court of Appeal of Venice issued a judgement on 10 June regarding the appeals in the lawsuit filed by its subsidiary, Clear Leisure 2017 (CL17), against the former directors and statutory auditors of Sipiem in Liquidazione (Sipiem).
Intercede delivers record results as profits surge
Full-year results from cybersecurity firm Intercede showed record revenues and profits, with numbers bolstered by contract wins with US government agencies.
Residential Secure Income reports robust first half
Residential Secure Income (ReSI) reported a robust first-half performance on Tuesday, achieving like-for-like rental growth of 6. 5% and maintaining a rent collection rate of 99%.
Fisker runs out of road, files for bankruptcy
US electric vehicle startup Fisker on Monday filed for bankruptcy protection after talks with an unnamed major car maker on a cash injection ended without a deal and would now look to sell assets.
Wet weather sees slowdown in grocery sales
Fresh data released on Tuesday revealed a slowdown in take-home grocery sales, which increased by just 1. 0% over the four weeks to 9 June.
Science Group trading in line with expectations
Science Group announced a positive trading update on Tuesday, ahead of its annual general meeting.
AFC Energy delivers first high-power generator
Shares in AFC Energy advanced on Tuesday after the hydrogen power-generation group announced the delivery of its highest rated zero emission power generator.